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 +0.003%

Price spread now: SunX against Bybit+0.251%7-day average +0.192% · you sell dearer than you buy

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.251%, 7d avg +0.192%

Together, before fees+0.168%+$17 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 0.059% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.192%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000PEPEUSDT	0.000005149	0.0100	pay 0.0100% / 8h	1h 46m	$101.5M	$415.2M	50x
Short	SunX 1000PEPE-USDT	0.000005162	0.0100	get 0.0100% / 8h	1h 46m	$2K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.251%Rate

Funding earned: $0
Price spread: +0.251% → +0.192%: $5.9
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.1
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; SunX: live order book, 11 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 Bybit live order book, 2 min ago	0.97 bp	8.0 bp −$8	14.7 bp −$147	33.0 bp −$3,299	doesn't fit
Sell SunX live order book, 11 min ago	500.08 bp	doesn't fit	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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005164	+0.291%	$10K	$119K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005147	−0.029%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005150	+0.019%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005155	+0.117%	$60K	$180K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000005149	long leg	$101.5M	$415.2M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000005146	−0.058%	$163.9M	$96.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005152	+0.056%	$25.9M	$72.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005155	+0.110%	$615K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005149	−0.001%	$28K	$542K	20x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005162	+0.251%	$2K	$2.6M	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	0.000005154	+0.103%	$594K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0117%	1h	0.000005156	+0.136%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005154	+0.092%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0300%	8h	0.000005150	+0.010%	$46.1M	$214.3M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0315%	1h	0.000005149	0.000%	$156K	$820K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0381%	8h	0.000005154	+0.093%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0417%	8h	0.000005151	+0.039%	$48.4M	$724.0M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0430%	1h	0.000005153	+0.074%	$73K	$849K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0453%	1h	0.000005154	+0.096%	$4.7M	$16.8M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0512%	8h	0.000005157	+0.151%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0527%	1h	0.000005153	+0.078%	$73K	$127K	25x	as long as short
BloFin PEPE-USDT	+0.0544%	8h	0.000005158	+0.175%	$4.6M	$29.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0575%	8h	0.000005159	+0.198%	$2.4M	$8.0M	50x	as long as short
Lighter 1000PEPE	+0.0616%	1h	0.000005154	+0.097%	$620K	$9.0M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005163	+0.272%	$679K	$38.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.0648%	1h	0.000005157	+0.155%	$622	$3K	10x	as long as short
Nado kPEPE-PERP	+0.0730%	1h	0.000005150	+0.013%	$163K	$956K	10x	as long as short
BingX 1000PEPE-USDC	+0.0749%	8h	0.000005154	+0.101%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0773%	8h	0.000005152	+0.066%	$142.3M	$1.45B	75x	as long as short
MEXC PEPE_USDT	+0.0774%	8h	0.000005150	+0.025%	$99.3M	$302.7M	300x	as long as short
Extended 1000PEPE-USD	+0.0776%	1h	0.000005145	−0.070%	$547K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0776%	1h	0.000005158	+0.175%	$146K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0787%	8h	0.000005155	+0.122%	$1.8M	$11.6M	50x	as long as short
Hyperliquid kPEPE	+0.0960%	1h	0.000005156	+0.136%	$55.1M	$154.6M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1133% / S −0.2351%	1h	0.000005000	−2.894%	$63K	—	100x	as long as short