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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: edgeX against SunX+0.189%74s7-day average −0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1371.369% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.458%−$46 · spread now +0.189%, 7d avg −0.168%
Together, before fees−0.449%+ Points / potential airdropedgeX: Active · farm board−$45 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.357% dearer against SunX than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.168%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX 1000PEPE-USDT0.0000049940.0100pay 0.0100% / 8h2h 28m$2K$2.6M20x
ShortedgeX 1000PEPEUSDC0.0000050030.0100get 0.0050% / 4h2h 28m$27K$538K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$0
Price spread: +0.189% → −0.168%
$35.69
Slippage, 4 orders
−$119.86
Fee SunX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$101.16
Costs to cover
1.369%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; edgeX: live order book, 20 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, 9 min ago29.14 bp47.2 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 20 min ago0.99 bp5.6 bp −$68.6 bp −$86doesn'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
dYdX PEPE-USD0.0000%1h0.000004985−0.186%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0001%1h0.000004980−0.284%$6K150xas long as short
Pacifica kPEPE+0.0100%1h0.000004990−0.080%$57K$177K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004987−0.134%$97.9M$404.4M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004983−0.220%$160.6M$94.1M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004987−0.142%$24.8M$70.9M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005001+0.135%$599K$5.4Mas long as short
edgeX 1000PEPEUSDCshort+0.0100%4h0.000005003+0.189%$27K$538K20x
SunX 1000PEPE-USDTlong+0.0100%8h0.000004994long leg$2K$2.6M20x
HTX PEPE-USDT+0.0100%8h0.000004983−0.216%$558K$4.1M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX 1000PEPE-USD+0.0177%1h0.000004989−0.100%$2K$10K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004987−0.148%$8K15xas long as short
Bitget PEPEUSDT+0.0336%8h0.000004990−0.090%$44.7M$209.9M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0400%8h0.000004989−0.094%$33K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0417%8h0.000004993−0.020%$46.0M$682.1M50xas long as short
BloFin PEPE-USDT+0.0543%8h0.000005004+0.200%$4.4M$27.9M75xas long as short
Paradex kPEPE-USD-PERP+0.0544%8h0.000004990−0.083%$6K20xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0553%1h0.000004986−0.160%$71K$127K25xas long as short
Backpack kPEPE_USDC_PERP+0.0616%1h0.000004990−0.078%$73K$831K15xas long as short
Lighter 1000PEPE+0.0640%1h0.0000049940.000%$593K$9.0M10xas long as short
01 Exchange kPEPEUSD+0.0640%1h0.000004991−0.060%$602$3K10xas long as short
Phemex u1000PEPEUSDT+0.0650%8h0.000004990−0.072%$2.4M$7.9M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0680%1h0.000004986−0.160%$638K$36.6M50xas long as short
Nado kPEPE-PERP+0.0744%1h0.000004988−0.127%$164K$943K10xas long as short
BingX 1000PEPE-USDT+0.0759%8h0.000004992−0.032%$239.1Mas long as short
ApeX Omni 1000PEPEUSDT+0.0764%1h0.000005005+0.220%$154K$813K25xas long as short
Extended 1000PEPE-USD+0.0784%1h0.000004986−0.154%$528K$277K25xas long as short
Binance 1000PEPEUSDT+0.0786%8h0.000004993−0.026%$140.0M$1.41B75xas long as short
MEXC PEPE_USDT+0.0786%8h0.000004993−0.024%$94.9M$301.7M300xas long as short
Aevo 1000PEPE-PERP+0.0792%1h0.000004991−0.060%$141K3xas long as short
Aster 1000PEPEUSDT+0.0839%8h0.000004993−0.012%$1.7M$11.2M50xas long as short
Kraken Futures PF_PEPEUSD+0.0857%1h0.000004984−0.192%$4.5M$16.8M50xas long as short
Hyperliquid kPEPE+0.0997%1h0.000004995+0.020%$52.6M$152.1M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1117% / S −0.2147%1h0.000004000−19.904%$63K100xas long as short
Injective PEPE/USDC PERP+0.1379%1h0.000004992−0.040%$3K$111K12xas long as short