Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: edgeX against Pacifica+0.018%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now +0.018%, 7d avg −0.020%

Together, before fees+0.212%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$21 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: edgeX is 0.038% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000005021	0.0100	pay 0.0013% / 1h	11m 37s	$64K	$139K	10x
Short	edgeX 1000PEPEUSDC	0.000005022	0.0100	get 0.0050% / 4h	1h 11m	$27K	$443K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Pacifica. 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 PacificabpFee edgeXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.020%: $3.82
Slippage, 4 orders: −$28.38
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$41.56
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from Pacifica: live order book, 51 min ago; edgeX: live order book, 52 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 Pacifica live order book, 51 min ago	6.84 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 52 min ago	0.88 bp	5.5 bp −$5	108.0 bp −$1,080	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	0.000005009	−0.229%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005000	−0.422%	$15K	—	150x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000005021	long leg	$64K	$139K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005020	−0.028%	$97.4M	$340.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005016	−0.100%	$164.7M	$75.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005020	−0.018%	$25.8M	$63.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005042	+0.409%	$687K	$4.7M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000005022	+0.018%	$27K	$443K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005015	−0.127%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005007	−0.285%	$569K	$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	+0.0128%	8h	0.000005024	+0.056%	$46.0M	$173.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005006	−0.292%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0315%	8h	0.000005009	−0.237%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0340%	8h	0.000005024	+0.060%	$45.6M	$587.9M	50x	as long as short
BloFin PEPE-USDT	+0.0462%	8h	0.000005002	−0.378%	$4.3M	$25.0M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0523%	1h	0.000005007	−0.279%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0542%	1h	0.000005020	−0.020%	$99K	$755K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0550%	1h	0.000005007	−0.279%	$71K	$124K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005014	−0.139%	$940K	$31.4M	50x	as long as short
BingX 1000PEPE-USDC	+0.0605%	8h	0.000005011	−0.205%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0629% / S −0.1007%	1h	0.000005000	−0.418%	$49K	—	100x	as long as short
MEXC PEPE_USDT	+0.0636%	8h	0.000005022	+0.028%	$94.4M	$290.5M	300x	as long as short
Binance 1000PEPEUSDT	+0.0636%	8h	0.000005025	+0.081%	$140.6M	$1.21B	75x	as long as short
Extended 1000PEPE-USD	+0.0640%	1h	0.000005023	+0.039%	$530K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000005003	−0.358%	$141K	—	3x	as long as short
Phemex u1000PEPEUSDT	+0.0727%	8h	0.000005006	−0.297%	$2.4M	$7.1M	50x	as long as short
Aster 1000PEPEUSDT	+0.0728%	8h	0.000005010	−0.226%	$1.8M	$9.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0780%	8h	0.000005019	−0.039%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0802%	1h	0.000005006	−0.290%	$185K	$872K	10x	as long as short
01 Exchange kPEPEUSD	+0.0952%	1h	0.000005034	+0.259%	$607	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0958%	1h	0.000005009	−0.239%	$92K	$632K	15x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005011	−0.199%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1176%	1h	0.000005025	+0.080%	$665K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1390%	1h	0.000005005	−0.316%	$4.3M	$15.2M	50x	as long as short
Hyperliquid kPEPE	+0.1588%	1h	0.000005021	0.000%	$53.7M	$139.6M	10x	as long as short