Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.027%

Price spread now: SunX against Reya+0.148%7-day average — · you sell dearer than you buy

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

Long on Reya Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. SunX is 0.148% dearer against Reya than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kPEPERUSDPERP	0.000005123	0.0189	pay 0.0024% / 1h	3m 02s	$8K	—	15x
Short	SunX 1000PEPE-USDT	0.000005130	0.0100	get 0.0100% / 8h	3m 02s	$2K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Reya. 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 ReyabpFee SunXbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$18.7
Price spread: +0.148% → 0.000%: $14.76
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.95
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; SunX: live order book, 4 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 Reya no order-book sample	—	—	—	—	—
Sell SunX live order book, 4 min ago	29.07 bp	78.4 bp −$78	doesn't fit	doesn't fit	doesn't fit

Reya: 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	0.000005136	+0.260%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005119	−0.081%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005140	+0.339%	$60K	$184K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005138	+0.300%	$99.3M	$431.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005131	+0.163%	$162.6M	$99.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005158	+0.686%	$616K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005167	+0.863%	$28K	$548K	20x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000005130	+0.148%	$2K	$2.7M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005131	+0.163%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005132	+0.191%	$600K	$4.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0135%	8h	0.000005142	+0.376%	$27.0M	$74.4M	75x	as long as short
Reya kPEPERUSDPERPlong	+0.0189%	1h	0.000005123	long leg	$8K	—	15x
Bitget PEPEUSDT	+0.0241%	8h	0.000005140	+0.343%	$46.3M	$221.0M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0267%	1h	0.000005169	+0.905%	$150K	$835K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0351%	8h	0.000005139	+0.319%	$47.2M	$748.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0404%	1h	0.000005133	+0.202%	$8K	$121K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0418%	8h	0.000005132	+0.187%	$34K	$26K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0445%	8h	0.000005138	+0.303%	$6K	—	20x	as long as short
Phemex u1000PEPEUSDT	+0.0456%	8h	0.000005131	+0.157%	$2.4M	$8.1M	50x	as long as short
BloFin PEPE-USDT	+0.0473%	8h	0.000005136	+0.261%	$4.5M	$30.3M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0475%	1h	0.000005137	+0.278%	$78K	$892K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0530%	1h	0.000005132	+0.183%	$73K	$127K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0544%	1h	0.000005125	+0.046%	$692K	$39.7M	50x	as long as short
Lighter 1000PEPE	+0.0552%	1h	0.000005140	+0.339%	$617K	$9.1M	10x	as long as short
BingX 1000PEPE-USDC	+0.0676%	8h	0.000005125	+0.040%	—	$2.3M	—	as long as short
01 Exchange kPEPEUSD	+0.0688%	1h	0.000005122	−0.012%	$618	$2K	10x	as long as short
Binance 1000PEPEUSDT	+0.0700%	8h	0.000005142	+0.372%	$141.7M	$1.50B	75x	as long as short
Extended 1000PEPE-USD	+0.0704%	1h	0.000005132	+0.188%	$539K	$280K	25x	as long as short
MEXC PEPE_USDT	+0.0704%	8h	0.000005143	+0.407%	$100.8M	$310.2M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0704%	1h	0.000005136	+0.261%	$145K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0711%	8h	0.000005140	+0.337%	$1.7M	$12.0M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0715%	1h	0.000005131	+0.168%	$4.8M	$16.7M	50x	as long as short
Nado kPEPE-PERP	+0.0716%	1h	0.000005122	−0.012%	$163K	$960K	10x	as long as short
Hyperliquid kPEPE	+0.0880%	1h	0.000005145	+0.436%	$53.3M	$159.5M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1020% / S −0.1217%	1h	0.000005000	−2.394%	$50K	—	100x	as long as short