Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX−0.393%7-day average — · you buy dearer than you sell

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

Long on SunX Short on gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.393% cheaper against SunX than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000005116	0.0100	pay 0.0100% / 8h	4h 39m	$2K	$2.4M	20x
Short	gTrade (Gains Network) PEPE/USD	0.000005096	L +0.0006% / S −0.0006%	get 0.0001% / 1h	39m 31s	$15K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.393%Rate

Funding earned: −$19.83
Price spread: −0.393% → 0.000%: −$39.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$77.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; gTrade (Gains Network): no order-book sample. 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 SunX live order book, 8 min ago	29.09 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	0.000005098	−0.346%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDshort	L +0.0006% / S −0.0006%	1h	0.000005096	−0.393%	$15K	—	150x
Pacifica kPEPE	+0.0100%	1h	0.000005107	−0.172%	$65K	$141K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005104	−0.233%	$99.8M	$346.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005101	−0.289%	$168.7M	$76.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005101	−0.285%	$26.2M	$64.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005091	−0.493%	$688K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005091	−0.494%	$31K	$451K	20x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000005116	long leg	$2K	$2.4M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005107	−0.178%	$585K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0174%	8h	0.000005101	−0.281%	$46.5M	$175.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005108	−0.162%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	−1.403%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0334%	8h	0.000005116	+0.010%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0366%	8h	0.000005101	−0.289%	$46.0M	$604.5M	50x	as long as short
BloFin PEPE-USDT	+0.0482%	8h	0.000005099	−0.328%	$4.4M	$25.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0586%	8h	0.000005105	−0.205%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0642%	8h	0.000005100	−0.299%	—	$2.3M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005113	−0.055%	$979K	$32.2M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0674% / S −0.0928%	1h	0.000005000	−2.264%	$46K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0688%	1h	0.000005101	−0.289%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0694%	8h	0.000005100	−0.299%	$93.4M	$287.6M	300x	as long as short
Extended 1000PEPE-USD	+0.0696%	1h	0.000005100	−0.307%	$541K	$226K	25x	as long as short
Binance 1000PEPEUSDT	+0.0699%	8h	0.000005110	−0.120%	$144.9M	$1.23B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0707%	1h	0.000005109	−0.133%	$2K	$12K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0729%	1h	0.000005110	−0.113%	$72K	$124K	25x	as long as short
Nado kPEPE-PERP	+0.0768%	1h	0.000005110	−0.110%	$199K	$880K	10x	as long as short
Aster 1000PEPEUSDT	+0.0794%	8h	0.000005106	−0.199%	$1.8M	$9.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0804%	8h	0.000005103	−0.243%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0824%	1h	0.000005099	−0.328%	$101K	$743K	25x	as long as short
Lighter 1000PEPE	+0.0920%	1h	0.000005108	−0.152%	$579K	$8.2M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0948%	1h	0.000005107	−0.176%	$98K	$655K	15x	as long as short
01 Exchange kPEPEUSD	+0.1048%	1h	0.000005119	+0.063%	$617	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1276%	1h	0.000005106	−0.191%	$4.5M	$15.5M	50x	as long as short
Hyperliquid kPEPE	+0.1463%	1h	0.000005114	−0.035%	$54.9M	$140.3M	10x	as long as short