Funding arb · Price arb /

PEPE

all PEPE markets

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: SunX against Variational Omni+0.265%7-day average +0.268% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)+0.338%+$34 · spread now +0.265%, 7d avg +0.268%

Together, before fees+0.384%+ Points / potential airdropVariational Omni: Active · farm board+$38 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000PEPE	0.000005009	0.0100	pay 0.0100% / 8h	5h 05m	$672K	$4.7M	—
Short	SunX 1000PEPE-USDT	0.000005022	0.0100	get 0.0100% / 8h	5h 05m	$1K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.265%Rate

Funding earned: $0
Price spread: +0.265% → +0.268%: −$0.27
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$8.27
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; SunX: live order book, 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 Variational Omni RFQ quote, 4 min ago	4.99 bp	doesn't fit	17.0 bp −$170	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	29.11 bp	78.4 bp −$78	doesn't fit	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	0.000005019	+0.210%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005007	−0.036%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005024	+0.309%	$64K	$139K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005026	+0.341%	$97.9M	$341.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005026	+0.349%	$165.1M	$75.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005028	+0.383%	$25.9M	$63.3M	75x	as long as short
Variational Omni 1000PEPElong	+0.0100%	8h	0.000005009	long leg	$672K	$4.7M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005010	+0.036%	$27K	$444K	20x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005022	+0.265%	$1K	$2.4M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005017	+0.167%	$571K	$3.6M	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	+0.0139%	8h	0.000005030	+0.437%	$46.0M	$173.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005013	+0.097%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0319%	8h	0.000005013	+0.085%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0348%	8h	0.000005032	+0.469%	$45.6M	$589.2M	50x	as long as short
BloFin PEPE-USDT	+0.0469%	8h	0.000005018	+0.189%	$4.3M	$25.1M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0490%	1h	0.000005015	+0.129%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0530%	1h	0.000005007	−0.030%	$99K	$750K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0549%	1h	0.000005010	+0.029%	$71K	$124K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005017	+0.169%	$941K	$31.4M	50x	as long as short
BingX 1000PEPE-USDC	+0.0609%	8h	0.000005019	+0.201%	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000005003	−0.110%	$141K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0641% / S −0.1031%	1h	0.000005000	−0.170%	$49K	—	100x	as long as short
MEXC PEPE_USDT	+0.0646%	8h	0.000005030	+0.423%	$94.7M	$290.7M	300x	as long as short
Extended 1000PEPE-USD	+0.0648%	1h	0.000005028	+0.380%	$530K	$226K	25x	as long as short
Binance 1000PEPEUSDT	+0.0648%	8h	0.000005029	+0.413%	$140.8M	$1.21B	75x	as long as short
Aster 1000PEPEUSDT	+0.0736%	8h	0.000005027	+0.364%	$1.8M	$9.2M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0756%	8h	0.000005017	+0.177%	$2.4M	$7.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0785%	8h	0.000005030	+0.434%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0786%	1h	0.000005011	+0.049%	$185K	$871K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0948%	1h	0.000005022	+0.265%	$93K	$631K	15x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005014	+0.109%	$605	$3K	10x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005011	+0.049%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1184%	1h	0.000005025	+0.329%	$659K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1387%	1h	0.000005015	+0.127%	$4.3M	$15.3M	50x	as long as short
Hyperliquid kPEPE	+0.1564%	1h	0.000005034	+0.509%	$53.8M	$139.6M	10x	as long as short