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 KuCoin−0.211%7-day average +0.179% · you buy dearer than you sell

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1561.563% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.535%+$54 · spread now −0.211%, 7d avg +0.179%

Together, before fees+0.587%+$59 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 0.390% cheaper against KuCoin than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of +0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000005167	0.0100	pay 0.0100% / 8h	4h 36m	$26.2M	$64.0M	75x
Short	SunX 1000PEPE-USDT	0.000005156	0.0100	get 0.0100% / 8h	4h 36m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now −0.211%Rate

Funding earned: $0
Price spread: −0.211% → +0.179%: −$39.01
Slippage, 4 orders: −$136.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$195.31
Costs to cover: 1.563%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; SunX: live order book, 10 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 KuCoin live order book, 2 min ago	0.69 bp	18.8 bp −$19	30.2 bp −$302	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	29.09 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	0.000005132	−0.688%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005138	−0.559%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005138	−0.563%	$66K	$141K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005122	−0.883%	$100.6M	$349.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005169	+0.037%	$171.7M	$76.6M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000005167	long leg	$26.2M	$64.0M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005091	−1.481%	$688K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005108	−1.142%	$36K	$457K	20x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005156	−0.211%	$2K	$2.4M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005153	−0.265%	$593K	$3.7M	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	+0.0180%	8h	0.000005152	−0.284%	$46.9M	$175.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005142	−0.478%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005127	−0.776%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0337%	8h	0.000005143	−0.464%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0370%	8h	0.000005128	−0.757%	$47.3M	$611.7M	50x	as long as short
BloFin PEPE-USDT	+0.0488%	8h	0.000005162	−0.099%	$4.3M	$26.0M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0562%	8h	0.000005160	−0.139%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0642%	8h	0.000005169	+0.045%	—	$2.3M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005149	−0.350%	$984K	$32.5M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0679% / S −0.0935%	1h	0.000005000	−3.234%	$46K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0696%	1h	0.000005132	−0.679%	$145K	—	3x	as long as short
MEXC PEPE_USDT	+0.0701%	8h	0.000005137	−0.584%	$98.1M	$288.7M	300x	as long as short
Extended 1000PEPE-USD	+0.0704%	1h	0.000005171	+0.083%	$547K	$226K	25x	as long as short
Binance 1000PEPEUSDT	+0.0710%	8h	0.000005140	−0.526%	$145.7M	$1.23B	75x	as long as short
Nado kPEPE-PERP	+0.0766%	1h	0.000005143	−0.467%	$202K	$881K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0802%	1h	0.000005148	−0.370%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0806%	1h	0.000005105	−1.202%	$101K	$743K	25x	as long as short
Aster 1000PEPEUSDT	+0.0807%	8h	0.000005166	−0.028%	$1.8M	$9.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0818%	8h	0.000005141	−0.498%	$6K	—	20x	as long as short
Lighter 1000PEPE	+0.0968%	1h	0.000005137	−0.583%	$582K	$8.2M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1014%	1h	0.000005165	−0.037%	$101K	$657K	15x	as long as short
01 Exchange kPEPEUSD	+0.1080%	1h	0.000005158	−0.176%	$622	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1265%	1h	0.000005147	−0.387%	$4.6M	$15.6M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1308%	1h	0.000005143	−0.466%	$73K	$124K	25x	as long as short
Hyperliquid kPEPE	+0.1513%	1h	0.000005164	−0.060%	$55.4M	$140.7M	10x	as long as short