Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against SunX−0.340%74s7-day average −0.190% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1371.366% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.340%, 7d avg −0.190%

Together, before fees+0.080%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.150% cheaper against SunX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.190%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000004987	0.0100	pay 0.0100% / 8h	7h 26m	$2K	$2.4M	20x
Short	edgeX 1000PEPEUSDC	0.000004970	0.0100	get 0.0050% / 4h	3h 26m	$52K	$377K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now −0.340%Rate

Funding earned: $0
Price spread: −0.340% → −0.190%: −$15.02
Slippage, 4 orders: −$119.62
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$151.64
Costs to cover: 1.366%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; edgeX: live order book, 47 min ago.

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 SunX live order book, 10 min ago	29.18 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 47 min ago	0.85 bp	5.5 bp −$5	9.1 bp −$91	doesn't fit	doesn't fit

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
Kraken Futures PF_PEPEUSD	−0.0118%	1h	0.000004979	−0.159%	$3.9M	$14.1M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004976	−0.227%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004976	−0.221%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004983	−0.080%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004968	−0.381%	$92.3M	$304.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004974	−0.261%	$157.8M	$66.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004976	−0.227%	$25.2M	$56.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004973	−0.275%	$43.4M	$152.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004973	−0.287%	$612K	$4.3M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000004970	−0.340%	$52K	$377K	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000004987	long leg	$2K	$2.4M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004980	−0.140%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004976	−0.225%	$558K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004971	−0.313%	$2.4M	$6.7M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0183%	8h	0.000004974	−0.261%	$43.8M	$530.1M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004976	−0.211%	$8K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0208%	8h	0.000004978	−0.172%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0285%	8h	0.000004980	−0.136%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0301%	8h	0.000004972	−0.301%	$4.0M	$23.6M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0348%	1h	0.000004968	−0.381%	$103K	$755K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004982	−0.100%	$675K	$27.2M	50x	as long as short
Lighter 1000PEPE	+0.0376%	1h	0.000004983	−0.080%	$584K	$6.7M	10x	as long as short
Nado kPEPE-PERP	+0.0455%	1h	0.000004980	−0.143%	$192K	$857K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0480% / S −0.0383%	1h	0.000004000	−19.791%	$62K	—	100x	as long as short
BingX 1000PEPE-USDC	+0.0481%	8h	0.000004974	−0.253%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0488%	1h	0.000004980	−0.147%	$546K	$148K	25x	as long as short
01 Exchange kPEPEUSD	+0.0488%	1h	0.000004988	+0.020%	$1K	$2K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0488%	1h	0.000004977	−0.201%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0489%	8h	0.000004973	−0.271%	$98.3M	$285.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0489%	8h	0.000004974	−0.263%	$138.7M	$1.10B	75x	as long as short
Aster 1000PEPEUSDT	+0.0518%	8h	0.000004980	−0.144%	$1.5M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0564%	1h	0.000004976	−0.231%	$94K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004937	−1.003%	$4K	$102K	12x	as long as short
Hyperliquid kPEPE	+0.0794%	1h	0.000004992	+0.100%	$59.3M	$120.1M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0957%	1h	0.000004979	−0.160%	$68K	$110K	25x	as long as short