Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against SunX−0.387%7-day average −0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1601.604% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.142%+$14 · spread now −0.387%, 7d avg −0.154%

Together, before fees+0.139%+ Points / potential airdropPacifica: Active · farm board+$14 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: Pacifica is 0.233% cheaper against SunX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.154%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000005111	0.0100	pay 0.0100% / 8h	6h 02m	$2K	$2.4M	20x
Short	Pacifica kPEPE	0.000005091	0.0100	get 0.0013% / 1h	2m 06s	$62K	$127K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.387%Rate

Funding earned: $0
Price spread: −0.387% → −0.154%: −$23.33
Slippage, 4 orders: −$144.37
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$183.7
Costs to cover: 1.604%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Pacifica: live order book, just now.

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, 4 min ago	29.07 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, just now	6.84 bp	19.3 bp −$19	doesn't fit	doesn't fit	doesn't fit

PEPE on 34 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	0.000005081	−0.581%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005099	−0.235%	$18K	—	150x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000005091	−0.387%	$62K	$127K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005110	−0.016%	$99.6M	$326.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005107	−0.074%	$164.0M	$72.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005112	+0.031%	$25.7M	$61.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005116	+0.092%	$47.7M	$167.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005096	−0.297%	$681K	$4.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005115	+0.083%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000005111	long leg	$2K	$2.4M	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005103	−0.158%	$581K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005106	−0.103%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0269%	8h	0.000005115	+0.082%	$46.2M	$582.2M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0291%	8h	0.000005116	+0.110%	$34K	$24K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005121	+0.200%	$933K	$30.8M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0470%	8h	0.000005111	+0.012%	$2.4M	$7.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0530%	8h	0.000005111	+0.010%	—	$259.6M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0532% / S −0.0565%	1h	0.000005000	−2.168%	$57K	—	100x	as long as short
MEXC PEPE_USDT	+0.0559%	8h	0.000005118	+0.139%	$97.5M	$292.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0559%	8h	0.000005116	+0.102%	$144.5M	$1.18B	75x	as long as short
Extended 1000PEPE-USD	+0.0560%	1h	0.000005114	+0.066%	$562K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000005109	−0.035%	$144K	—	3x	as long as short
SoDEX 1000PEPE-USD	+0.0606%	1h	0.000005115	+0.082%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0615%	1h	0.000005115	+0.082%	$106K	$749K	25x	as long as short
Nado kPEPE-PERP	+0.0658%	1h	0.000005109	−0.045%	$193K	$881K	10x	as long as short
Aster 1000PEPEUSDT	+0.0661%	8h	0.000005094	−0.333%	$1.7M	$8.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0681%	8h	0.000005096	−0.286%	$6K	—	20x	as long as short
Kraken Futures PF_PEPEUSD	+0.0815%	1h	0.000005113	+0.034%	$4.1M	$14.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005109	−0.035%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0948%	1h	0.000005116	+0.106%	$99K	$609K	15x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005106	−0.094%	$616	$3K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1121%	1h	0.000005111	+0.004%	$62K	$114K	25x	as long as short
Lighter 1000PEPE	+0.1832%	1h	0.000005123	+0.239%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2034%	1h	0.000005122	+0.219%	$56.6M	$136.3M	10x	as long as short