Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h +0.045%
Price spread now: Aevo against SunX−0.120%7-day average −0.166% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,274as in the Price arb table
costs, in and out, $10k−$1,27912.786% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 3 days (all we have)0.000%$0 · spread now −0.120%, 7d avg −0.166%
Together, before fees+0.001%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Aevo is 0.046% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.166%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX 1000PEPE-USDT0.0000047640.0100pay 0.0100% / 8h26m 05s$2K$2.4M20x
ShortAevo 1000PEPE-PERP0.0000047580.0616get 0.0077% / 1h26m 05s$135K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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

Funding earned
$108.36
Price spread: −0.120% → −0.166%
$4.59
Slippage, 4 orders
−$1,254.61
Fee SunX: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$1,165.66
Costs to cover
12.786%
Break-even
82.3 days
Slippage from SunX: live order book, 10 min ago; Aevo: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago29.15 bp47.2 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell Aevo live order book, 53 min ago275.11 bp584.0 bp −$584doesn't fitdoesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid kPEPE−0.0175%1h0.000004747−0.351%$66.5M$93.5M10xas long as short
dYdX PEPE-USD0.0000%1h0.000004753−0.226%$17K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004752−0.254%$13K150xas long as short
Kraken Futures PF_PEPEUSD+0.0067%1h0.000004755−0.175%$3.8M$13.7M50xas long as short
Pacifica kPEPE+0.0100%1h0.000004756−0.162%$59K$116K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004754−0.206%$85.7M$290.4M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004754−0.204%$149.4M$64.5M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004753−0.220%$24.2M$54.4M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004755−0.181%$42.0M$150.3M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004753−0.226%$536K$4.1Mas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004770+0.133%$25K$348K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004769+0.111%$99K$754K25xas long as short
SunX 1000PEPE-USDTlong+0.0100%8h0.000004764long leg$2K$2.4M20x
SoDEX 1000PEPE-USD+0.0100%1h0.000004757−0.141%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004755−0.183%$539K$3.5M75xas long as short
Lighter 1000PEPE+0.0120%1h0.000004759−0.099%$591K$6.4M10xas long as short
Paradex kPEPE-USD-PERP+0.0182%8h0.000004755−0.186%$5K$1620xas long as short
Phemex u1000PEPEUSDT+0.0184%8h0.000004759−0.105%$2.3M$6.5M50xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004755−0.182%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0206%8h0.000004756−0.162%$41.4M$494.5M50xas long as short
01 Exchange kPEPEUSD+0.0264%1h0.000004758−0.120%$545$2K10xas long as short
BloFin PEPE-USDT+0.0324%8h0.000004766+0.048%$3.9M$22.3M75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0380% / S −0.0342%1h0.000004000−16.032%$46K100xas long as short
Orderly PERP_1000PEPE_USDC+0.0384%8h0.000004756−0.168%$30K$12K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004757−0.141%$562K$25.5M50xas long as short
Injective PEPE/USDC PERP+0.0437%1h0.000004767+0.069%$4K$102K12xas long as short
Backpack kPEPE_USDC_PERP+0.0591%1h0.000004756−0.170%$90K$602K15xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0592%1h0.000004756−0.162%$77K$98K25xas long as short
BingX 1000PEPE-USDT+0.0598%8h0.000004756−0.168%$256.9Mas long as short
Extended 1000PEPE-USD+0.0608%1h0.000004756−0.157%$524K$148K25xas long as short
Aster 1000PEPEUSDT+0.0610%8h0.000004758−0.126%$1.5M$7.3M50xas long as short
Binance 1000PEPEUSDT+0.0610%8h0.000004757−0.134%$131.1M$1.06B75xas long as short
MEXC PEPE_USDT+0.0613%8h0.000004759−0.109%$91.0M$281.3M300xas long as short
Aevo 1000PEPE-PERPshort+0.0616%1h0.000004758−0.120%$135K3x
Nado kPEPE-PERP+0.0671%1h0.000004754−0.203%$182K$849K10xas long as short