Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.061%

Price spread now: SoDEX against Variational Omni+0.189%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on SoDEX

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.189% dearer against Variational Omni than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000PEPE	0.000004816	0.0100	pay 0.0100% / 8h	45m 39s	$585K	$4.1M	—
Short	SoDEX 1000PEPE-USD	0.000004825	0.0100	get 0.0013% / 1h	45m 39s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Variational Omni. 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 Variational OmnibpFee SoDEXbpOrdersPrice spread, now +0.189%Rate

Funding earned: $0
Price spread: +0.189% → 0.000%: $18.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $10.9
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; SoDEX: 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 Variational Omni RFQ quote, 3 min ago	6.23 bp	doesn't fit	12.5 bp −$125	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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
Hyperliquid kPEPE	−0.0235%	1h	0.000004818	+0.044%	$67.4M	$88.6M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004820	+0.083%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004826	+0.212%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004824	+0.165%	$3.9M	$13.5M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004823	+0.147%	$59K	$115K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004823	+0.154%	$86.8M	$288.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004821	+0.106%	$150.9M	$64.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004821	+0.108%	$24.6M	$54.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004821	+0.106%	$42.7M	$149.6M	75x	as long as short
Variational Omni 1000PEPElong	+0.0100%	8h	0.000004816	long leg	$585K	$4.1M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004811	−0.093%	$26K	$348K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004822	+0.127%	$101K	$760K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004830	+0.301%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USDshort	+0.0100%	1h	0.000004825	+0.189%	$2K	$12K	10x
HTX PEPE-USDT	+0.0100%	8h	0.000004827	+0.224%	$547K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0176%	1h	0.000004826	+0.210%	$629K	$6.3M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004829	+0.273%	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0207%	8h	0.000004817	+0.030%	$5K	$16	20x	as long as short
01 Exchange kPEPEUSD	+0.0208%	1h	0.000004826	+0.210%	$553	$2K	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0213%	8h	0.000004822	+0.127%	$41.7M	$499.3M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0215%	8h	0.000004820	+0.093%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDT	+0.0338%	8h	0.000004808	−0.164%	$3.8M	$22.4M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0361% / S −0.0402%	1h	0.000004000	−16.942%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004832	+0.334%	$568K	$25.8M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0422%	8h	0.000004827	+0.241%	$30K	$12K	20x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004819	+0.064%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0551%	1h	0.000004823	+0.145%	$91K	$601K	15x	as long as short
BingX 1000PEPE-USDC	+0.0668%	8h	0.000004818	+0.042%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0680%	1h	0.000004820	+0.089%	$529K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0680%	8h	0.000004822	+0.125%	$93.6M	$279.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0680%	8h	0.000004824	+0.172%	$132.4M	$1.05B	75x	as long as short
Aster 1000PEPEUSDT	+0.0686%	8h	0.000004827	+0.231%	$1.5M	$7.2M	50x	as long as short
Aevo 1000PEPE-PERP	+0.0688%	1h	0.000004828	+0.251%	$136K	—	3x	as long as short
Nado kPEPE-PERP	+0.0794%	1h	0.000004829	+0.272%	$185K	$847K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0994%	1h	0.000004829	+0.272%	$82K	$94K	25x	as long as short