Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h −0.019%

Price spread now: BloFin against SoDEX0.000%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on BloFin

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: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000004791	0.0100	pay 0.0013% / 1h	38m 57s	$2K	$12K	10x
Short	BloFin PEPE-USDT	0.000004791	0.0332	get 0.0332% / 8h	38m 57s	$3.9M	$22.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $48.67
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $28.67
Costs to cover: 0.200%
Break-even: 2.9 days

Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	1.04 bp	7.0 bp −$7	14.4 bp −$144	25.1 bp −$2,506	62.0 bp −$31.0K

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
Hyperliquid kPEPE	−0.0167%	1h	0.000004787	−0.083%	$65.1M	$91.4M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004789	−0.048%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004787	−0.079%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004791	−0.005%	$3.8M	$13.6M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004793	+0.042%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004783	−0.167%	$85.9M	$289.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004784	−0.146%	$149.7M	$64.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004789	−0.031%	$24.5M	$54.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004788	−0.056%	$42.3M	$150.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004793	+0.040%	$587K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004796	+0.107%	$26K	$348K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004796	+0.104%	$101K	$760K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004799	+0.169%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USDlong	+0.0100%	1h	0.000004791	long leg	$2K	$12K	10x
HTX PEPE-USDT	+0.0100%	8h	0.000004793	+0.033%	$543K	$3.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004793	+0.051%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0190%	8h	0.000004790	−0.027%	$2.3M	$6.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0196%	8h	0.000004786	−0.113%	$5K	$16	20x	as long as short
Lighter 1000PEPE	+0.0200%	1h	0.000004792	+0.021%	$607K	$6.3M	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0210%	8h	0.000004787	−0.083%	$41.6M	$497.2M	50x	as long as short
01 Exchange kPEPEUSD	+0.0232%	1h	0.000004791	0.000%	$549	$2K	10x	as long as short
BloFin PEPE-USDTshort	+0.0332%	8h	0.000004791	0.000%	$3.9M	$22.3M	75x
GMX PEPE/USD [ETH-USDC]	L +0.0370% / S −0.0417%	1h	0.000004000	−16.510%	$42K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004786	−0.104%	$576K	$25.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0407%	8h	0.000004792	+0.025%	$30K	$12K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0426%	1h	0.000004790	−0.015%	$91K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004798	+0.146%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0585%	1h	0.000004792	+0.021%	$77K	$98K	25x	as long as short
Extended 1000PEPE-USD	+0.0648%	1h	0.000004787	−0.090%	$526K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0648%	1h	0.000004791	0.000%	$135K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0649%	8h	0.000004786	−0.097%	$131.2M	$1.06B	75x	as long as short
MEXC PEPE_USDT	+0.0656%	8h	0.000004789	−0.035%	$92.3M	$280.4M	300x	as long as short
BingX 1000PEPE-USDC	+0.0656%	8h	0.000004785	−0.134%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0657%	8h	0.000004788	−0.058%	$1.5M	$7.2M	50x	as long as short
Nado kPEPE-PERP	+0.0784%	1h	0.000004789	−0.034%	$183K	$849K	10x	as long as short