Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.3531%/8h= +386.7% APRpaid last 24h +0.117%

Price spread now: dYdX against SunX−0.277%7-day average — · you buy dearer than you sell

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

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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. dYdX is 0.277% cheaper against SunX than usual: you would sell low and buy high (spread −0.277% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 6 hours of funding at the current rate (+$106 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000004936	0.0100	pay 0.0100% / 8h	5h 07m	$2K	$2.5M	20x
Short	dYdX PEPE-USD	0.000004923	0.3631	get 0.0454% / 1h	7m 27s	$25K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee SunXbpFee dYdXbpOrdersPrice spread, now −0.277%Rate

Funding earned: $741.57
Price spread: −0.277% → 0.000%: −$27.71
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: $695.86
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: SunX: live order book, 3 min ago; dYdX: no order-book sample. 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 SunX live order book, 3 min ago	29.12 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 exchanges

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
Kraken Futures PF_PEPEUSD	−0.0373%	1h	0.000004923	−0.270%	$4.5M	$16.1M	50x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004921	−0.310%	$3K	—	150x	as long as short
01 Exchange kPEPEUSD	+0.0048%	1h	0.000004915	−0.431%	$593	$2K	10x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004920	−0.330%	$597K	$9.0M	10x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004915	−0.422%	$139K	$952K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004917	−0.391%	$49.8M	$155.0M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004917	−0.391%	$58K	$198K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004916	−0.417%	$92.3M	$446.0M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004918	−0.371%	$43.9M	$718.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004915	−0.431%	$148.9M	$104.5M	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004922	−0.300%	$24.6M	$76.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004913	−0.462%	$43.7M	$233.8M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004923	−0.273%	$74K	$997K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004915	−0.427%	$638K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004919	−0.359%	$26K	$572K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004920	−0.330%	$109K	$870K	25x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000004936	long leg	$2K	$2.5M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004925	−0.229%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004924	−0.249%	$579K	$4.3M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004928	−0.170%	$2.3M	$8.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0107%	8h	0.000004916	−0.413%	$6K	—	20x	as long as short
Extended 1000PEPE-USD	+0.0136%	1h	0.000004913	−0.463%	$517K	$288K	25x	as long as short
MEXC PEPE_USDT	+0.0139%	8h	0.000004915	−0.440%	$98.7M	$299.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0140%	8h	0.000004920	−0.338%	$127.0M	$1.53B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0144%	1h	0.000004927	−0.188%	$139K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0147%	8h	0.000004920	−0.331%	$1.7M	$12.6M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0156%	1h	0.000004924	−0.249%	$61K	$119K	25x	as long as short
BingX 1000PEPE-USDC	+0.0166%	8h	0.000004914	−0.448%	—	$2.3M	—	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004923	−0.267%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004919	−0.350%	$4.2M	$28.3M	75x	as long as short
Injective PEPE/USDC PERP	+0.0284%	1h	0.000004904	−0.654%	$3K	$123K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0287%	8h	0.000004926	−0.201%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004929	−0.148%	$730K	$38.7M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0793% / S −0.0894%	1h	0.000004000	−18.968%	$50K	—	100x	as long as short
dYdX PEPE-USDshort	+0.3631%	1h	0.000004923	−0.277%	$25K	$18K	10x