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 0.000%

Price spread now: SunX against Bitget−0.208%7-day average +0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1451.450% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 3 days (all we have)+0.464%+$46 · spread now −0.208%, 7d avg +0.149%

Together, before fees+0.551%+$55 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: SunX is 0.357% cheaper against Bitget than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of +0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEPEUSDT	0.000005042	0.0100	pay 0.0100% / 8h	6h 48m	$44.7M	$158.3M	75x
Short	SunX 1000PEPE-USDT	0.000005032	0.0100	get 0.0100% / 8h	6h 48m	$2K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now −0.208%Rate

Funding earned: $0
Price spread: −0.208% → +0.149%: −$35.73
Slippage, 4 orders: −$125.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$180.76
Costs to cover: 1.450%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; SunX: live order book, 8 min ago.

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 Bitget live order book, 1 min ago	2.88 bp	10.3 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	29.19 bp	78.5 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	0.000005023	−0.387%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005008	−0.668%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	−0.299%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005037	−0.093%	$97.1M	$319.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005029	−0.260%	$159.9M	$69.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005037	−0.101%	$25.3M	$59.2M	75x	as long as short
Bitget PEPEUSDTlong	+0.0100%	8h	0.000005042	long leg	$44.7M	$158.3M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004998	−0.880%	$557K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004981	−1.212%	$46K	$387K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004999	−0.855%	$106K	$751K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005032	−0.208%	$2K	$2.5M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005022	−0.399%	$559K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005031	−0.224%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005013	−0.573%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000005043	+0.018%	$44.7M	$558.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000005026	−0.325%	$33K	$22K	20x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	−0.676%	$4.2M	$24.6M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0395%	8h	0.000005026	−0.317%	$6K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005015	−0.537%	$660K	$28.7M	50x	as long as short
BingX 1000PEPE-USDC	+0.0447%	8h	0.000005036	−0.119%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0479%	8h	0.000005040	−0.036%	$96.0M	$287.9M	300x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005025	−0.334%	$552K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005027	−0.299%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0481%	8h	0.000005043	+0.016%	$139.8M	$1.16B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0505% / S −0.0410%	1h	0.000005000	−0.835%	$63K	—	100x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0547%	1h	0.000005023	−0.379%	$61K	$114K	25x	as long as short
Aster 1000PEPEUSDT	+0.0555%	8h	0.000005016	−0.511%	$1.7M	$8.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0599%	1h	0.000005023	−0.379%	$2K	$12K	10x	as long as short
Nado kPEPE-PERP	+0.0610%	1h	0.000005015	−0.533%	$177K	$883K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0829%	1h	0.000005024	−0.366%	$3.9M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0850%	1h	0.000005036	−0.115%	$101K	$624K	15x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005024	−0.359%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0936%	1h	0.000005034	−0.161%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1168%	1h	0.000005033	−0.180%	$647K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2584%	1h	0.000005053	+0.216%	$55.8M	$134.8M	10x	as long as short