Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h +0.053%

Price spread now: SoDEX against OKX0.000%7-day average — · you sell dearer than you buy

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

Long on OKX 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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEPE-USDT-SWAP	0.000005175	0.0398	pay 0.0398% / 8h	58m 19s	$47.7M	$739.8M	50x
Short	SoDEX 1000PEPE-USD	0.000005175	0.0363	get 0.0045% / 1h	58m 19s	$2K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$7.4
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$25.4
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 6 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 OKX live order book, 6 min ago	0.97 bp	7.7 bp −$8	11.4 bp −$114	31.6 bp −$3,156	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
dYdX PEPE-USD	0.0000%	1h	0.000005158	−0.329%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005169	−0.110%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005160	−0.290%	$60K	$182K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005172	−0.058%	$101.1M	$422.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005163	−0.232%	$164.2M	$97.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005174	−0.027%	$606K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005163	−0.227%	$28K	$545K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005177	+0.037%	$1K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005166	−0.166%	$600K	$4.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0112%	8h	0.000005161	−0.274%	$26.5M	$72.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005169	−0.115%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0283%	8h	0.000005177	+0.039%	$46.4M	$216.7M	75x	as long as short
SoDEX 1000PEPE-USDshort	+0.0363%	1h	0.000005175	0.000%	$2K	$11K	10x
OKX PEPE-USDT-SWAPlong	+0.0398%	8h	0.000005175	long leg	$47.7M	$739.8M	50x
Orderly PERP_1000PEPE_USDC	+0.0403%	8h	0.000005175	+0.002%	$34K	$26K	20x	as long as short
Injective PEPE/USDC PERP	+0.0404%	1h	0.000005172	−0.058%	$9K	$120K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0442%	1h	0.000005163	−0.224%	$75K	$867K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0452%	1h	0.000005161	−0.271%	$150K	$830K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0520%	8h	0.000005167	−0.158%	$2.4M	$8.1M	50x	as long as short
BloFin PEPE-USDT	+0.0521%	8h	0.000005164	−0.213%	$4.4M	$30.0M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0524%	8h	0.000005160	−0.296%	$6K	—	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0544%	1h	0.000005176	+0.019%	$697K	$39.2M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0709%	1h	0.000005173	−0.042%	$4.7M	$16.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0721%	8h	0.000005175	+0.006%	—	$218.1M	—	as long as short
Aster 1000PEPEUSDT	+0.0745%	8h	0.000005175	−0.003%	$1.8M	$11.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.0752%	1h	0.000005166	−0.174%	$623	$3K	10x	as long as short
Nado kPEPE-PERP	+0.0752%	1h	0.000005170	−0.096%	$165K	$954K	10x	as long as short
MEXC PEPE_USDT	+0.0757%	8h	0.000005168	−0.141%	$100.7M	$302.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0758%	8h	0.000005174	−0.012%	$142.0M	$1.47B	75x	as long as short
Extended 1000PEPE-USD	+0.0760%	1h	0.000005174	−0.025%	$542K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0760%	1h	0.000005175	0.000%	$146K	—	3x	as long as short
Lighter 1000PEPE	+0.0792%	1h	0.000005165	−0.193%	$617K	$9.0M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0911%	1h	0.000005174	−0.019%	$74K	$127K	25x	as long as short
Hyperliquid kPEPE	+0.0959%	1h	0.000005174	−0.019%	$53.7M	$157.0M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1133% / S −0.1782%	1h	0.000005000	−3.382%	$69K	—	100x	as long as short