Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0503%/8h= +55.1% APRpaid last 24h −0.024%

Price spread now: Binance against SoDEX−0.060%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Binance

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

Funding pays, the price is against you. Binance is 0.060% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000005017	0.0306	pay 0.0038% / 1h	50m 14s	$2K	$10K	10x
Short	Binance 1000PEPEUSDT	0.000005014	0.0809	get 0.0809% / 8h	2h 50m	$142.0M	$1.39B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now −0.060%Rate

Funding earned: $105.67
Price spread: −0.060% → 0.000%: −$6.02
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $81.65
Costs to cover: 0.180%
Break-even: 1.6 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 9 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.10 bp	7.5 bp −$8	13.7 bp −$137	50.3 bp −$5,030	doesn't fit

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	0.000005021	+0.082%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005011	−0.116%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005026	+0.179%	$63K	$165K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005011	−0.118%	$98.8M	$399.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005016	−0.020%	$160.3M	$92.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005024	+0.146%	$25.0M	$70.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005035	+0.351%	$596K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004979	−0.749%	$27K	$536K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005021	+0.088%	$2K	$2.6M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005024	+0.130%	$561K	$4.1M	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	0.000005018	+0.028%	$8K	—	15x	as long as short
SoDEX 1000PEPE-USDlong	+0.0306%	1h	0.000005017	long leg	$2K	$10K	10x
Bitget PEPEUSDT	+0.0343%	8h	0.000005015	−0.032%	$45.4M	$208.5M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0349%	1h	0.000005015	−0.040%	$72K	$127K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0409%	8h	0.000005017	0.000%	$46.5M	$678.2M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0414%	8h	0.000005018	+0.010%	$33K	$27K	20x	as long as short
BloFin PEPE-USDT	+0.0531%	8h	0.000005038	+0.419%	$4.8M	$27.9M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0544%	8h	0.000005020	+0.069%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0585%	1h	0.000004982	−0.698%	$153K	$812K	25x	as long as short
Lighter 1000PEPE	+0.0640%	1h	0.000005020	+0.060%	$601K	$9.0M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0649%	1h	0.000005034	+0.339%	$73K	$826K	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0680%	1h	0.000005028	+0.219%	$620K	$36.7M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0696%	8h	0.000005015	−0.044%	$2.4M	$7.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.0704%	1h	0.000005031	+0.279%	$607	$3K	10x	as long as short
BingX 1000PEPE-USDT	+0.0778%	8h	0.000005016	−0.024%	—	$238.3M	—	as long as short
Nado kPEPE-PERP	+0.0780%	1h	0.000005024	+0.146%	$169K	$940K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005042	+0.498%	$143K	—	3x	as long as short
MEXC PEPE_USDT	+0.0806%	8h	0.000005019	+0.048%	$96.7M	$298.6M	300x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000005016	−0.021%	$533K	$262K	25x	as long as short
Binance 1000PEPEUSDTshort	+0.0809%	8h	0.000005014	−0.060%	$142.0M	$1.39B	75x
Kraken Futures PF_PEPEUSD	+0.0852%	1h	0.000005012	−0.098%	$4.6M	$16.7M	50x	as long as short
Aster 1000PEPEUSDT	+0.0881%	8h	0.000005019	+0.040%	$1.7M	$11.0M	50x	as long as short
Hyperliquid kPEPE	+0.1031%	1h	0.000005025	+0.159%	$53.3M	$150.6M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1051% / S −0.1949%	1h	0.000005000	−0.339%	$64K	—	100x	as long as short
Injective PEPE/USDC PERP	+0.1379%	1h	0.000004976	−0.817%	$3K	$111K	12x	as long as short