Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Variational Omni against SunX+0.781%7-day average −0.267% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−1.148%−$115 · spread now +0.781%, 7d avg −0.267%

Together, before fees−1.194%+ Points / potential airdropVariational Omni: Active · farm board−$119 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: Variational Omni is 1.048% dearer against SunX than usual: you sell high and buy low, +$105 on $10k if it goes back to its 7-day average of −0.267%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000005270	0.0100	pay 0.0100% / 8h	3h 27m	$1K	$2.5M	20x
Short	Variational Omni 1000PEPE	0.000005312	0.0100	get 0.0100% / 8h	3h 27m	$747K	$5.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.781%Rate

Funding earned: $0
Price spread: +0.781% → −0.267%: $104.83
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $96.83
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 10 min ago; Variational Omni: RFQ quote, 1 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 SunX live order book, 10 min ago	29.70 bp	47.7 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.74 bp	doesn't fit	23.7 bp −$237	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
dYdX PEPE-USD	0.0000%	1h	0.000005253	−0.331%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005260	−0.201%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+1.074%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005273	+0.049%	$67K	$162K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005254	−0.311%	$106.7M	$378.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005258	−0.235%	$174.5M	$87.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005262	−0.163%	$26.2M	$68.2M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	0.000005312	+0.781%	$747K	$5.1M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005299	+0.547%	$29K	$535K	20x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000005270	long leg	$1K	$2.5M	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005267	−0.055%	$598K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005267	−0.072%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0291%	8h	0.000005271	+0.006%	$51.2M	$190.1M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0390%	8h	0.000005266	−0.076%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0432%	8h	0.000005269	−0.027%	$51.4M	$678.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0487%	1h	0.000005268	−0.046%	$2K	$10K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0510%	1h	0.000005264	−0.121%	$75K	$126K	25x	as long as short
BloFin PEPE-USDT	+0.0563%	8h	0.000005267	−0.065%	$4.9M	$28.3M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0582%	8h	0.000005271	+0.006%	$6K	—	20x	as long as short
Phemex u1000PEPEUSDT	+0.0624%	8h	0.000005269	−0.034%	$2.5M	$7.5M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005268	−0.046%	$703K	$36.5M	50x	as long as short
BingX 1000PEPE-USDC	+0.0763%	8h	0.000005258	−0.231%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005265	−0.105%	$559K	$231K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005255	−0.292%	$149K	—	3x	as long as short
MEXC PEPE_USDT	+0.0801%	8h	0.000005268	−0.044%	$103.0M	$295.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0803%	8h	0.000005268	−0.051%	$153.6M	$1.33B	75x	as long as short
Nado kPEPE-PERP	+0.0875%	1h	0.000005269	−0.030%	$190K	$916K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0904%	1h	0.000005308	+0.713%	$163K	$808K	25x	as long as short
Aster 1000PEPEUSDT	+0.0918%	8h	0.000005267	−0.074%	$1.9M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0948% / S −0.1887%	1h	0.000005000	−5.131%	$65K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.1016%	1h	0.000005285	+0.277%	$637	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1187%	1h	0.000005265	−0.104%	$69K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1272%	1h	0.000005267	−0.065%	$684K	$8.7M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1551%	1h	0.000005265	−0.094%	$4.8M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1612%	1h	0.000005274	+0.068%	$57.7M	$145.3M	10x	as long as short