Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.063%

Price spread now: SunX against SoDEX+0.225%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.225% dearer against SoDEX than usual: you sell high and buy low (spread +0.225% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 48 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000005167	0.0116	pay 0.0014% / 1h	9m 02s	$2K	$11K	10x
Short	SunX 1000PEPE-USDT	0.000005179	0.0100	get 0.0100% / 8h	9m 02s	$1K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee SunXbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$3.3
Price spread: +0.225% → 0.000%: $22.45
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: $3.15
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell SunX live order book, 8 min ago	29.64 bp	78.9 bp −$79	doesn't fit	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000005160	−0.126%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005165	−0.039%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005168	+0.019%	$60K	$184K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005167	−0.002%	$99.8M	$430.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005166	−0.019%	$163.7M	$99.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005152	−0.293%	$615K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005153	−0.276%	$28K	$547K	20x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005179	+0.225%	$1K	$2.7M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005172	+0.091%	$604K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USDlong	+0.0116%	1h	0.000005167	long leg	$2K	$11K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0130%	8h	0.000005170	+0.068%	$27.2M	$74.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005176	+0.183%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0245%	8h	0.000005170	+0.068%	$46.5M	$220.4M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0301%	1h	0.000005149	−0.348%	$149K	$834K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0331%	1h	0.000005165	−0.039%	$74K	$127K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0359%	8h	0.000005169	+0.039%	$47.9M	$750.8M	50x	as long as short
Injective PEPE/USDC PERP	+0.0404%	1h	0.000005161	−0.116%	$8K	$120K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0416%	8h	0.000005165	−0.045%	$34K	$26K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0447%	8h	0.000005172	+0.105%	$2.4M	$8.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0457%	8h	0.000005169	+0.038%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0479%	8h	0.000005164	−0.058%	$4.5M	$30.5M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0504%	1h	0.000005169	+0.035%	$78K	$891K	15x	as long as short
Lighter 1000PEPE	+0.0544%	1h	0.000005172	+0.097%	$621K	$9.1M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0544%	1h	0.000005185	+0.348%	$679K	$40.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0685%	8h	0.000005169	+0.046%	—	$2.3M	—	as long as short
01 Exchange kPEPEUSD	+0.0704%	1h	0.000005172	+0.097%	$624	$2K	10x	as long as short
Nado kPEPE-PERP	+0.0708%	1h	0.000005173	+0.119%	$164K	$959K	10x	as long as short
MEXC PEPE_USDT	+0.0709%	8h	0.000005170	+0.050%	$102.0M	$309.6M	300x	as long as short
Kraken Futures PF_PEPEUSD	+0.0711%	1h	0.000005164	−0.063%	$4.8M	$16.7M	50x	as long as short
Binance 1000PEPEUSDT	+0.0711%	8h	0.000005167	0.000%	$142.2M	$1.50B	75x	as long as short
Extended 1000PEPE-USD	+0.0712%	1h	0.000005165	−0.046%	$542K	$282K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0712%	1h	0.000005170	+0.058%	$146K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0719%	8h	0.000005170	+0.058%	$1.8M	$12.0M	50x	as long as short
Hyperliquid kPEPE	+0.0901%	1h	0.000005172	+0.097%	$53.8M	$159.3M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1068% / S −0.1281%	1h	0.000005000	−3.232%	$50K	—	100x	as long as short