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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0684%/8h= +74.9% APRpaid last 24h +0.091%
Price spread now: Extended against SunX−0.204%7-day average −0.189% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 4 days (all we have)−0.127%−$13 · spread now −0.204%, 7d avg −0.189%
Together, before fees−0.075%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.189%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% 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-USDT0.0000051860.0100pay 0.0100% / 8h1h 54m$2K$2.6M20x
ShortExtended 1000PEPE-USD0.0000051750.0784get 0.0098% / 1h54m 40s$547K$285K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$143.64
Price spread: −0.204% → −0.189%
−$1.53
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$129.11
Costs to cover
0.130%
Break-even
0.7 days
Slippage unknown: SunX: live order book, 3 min ago; Extended: live order book, 53 min ago. Net counts fees only.

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, 3 min ago500.08 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 53 min ago2.98 bp7.5 bp −$743.1 bp −$431doesn'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
Injective PEPE/USDC PERP−0.0016%1h0.000005156−0.577%$10K$119K12xas long as short
dYdX PEPE-USD0.0000%1h0.000005167−0.365%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005168−0.336%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005171−0.287%$60K$180K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005169−0.326%$101.4M$413.7M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005172−0.268%$163.9M$95.7M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005172−0.276%$25.7M$71.9M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005162−0.469%$615K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005173−0.249%$28K$539K20xas long as short
SunX 1000PEPE-USDTlong+0.0100%8h0.000005186long leg$2K$2.6M20x
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005171−0.282%$589K$4.2M75xas long as short
SoDEX 1000PEPE-USD+0.0116%1h0.000005182−0.075%$2K$11K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005176−0.193%$8K15xas long as short
Bitget PEPEUSDT+0.0309%8h0.000005162−0.463%$46.2M$213.8M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0379%8h0.000005181−0.089%$34K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0415%8h0.000005165−0.403%$48.5M$722.7M50xas long as short
Kraken Futures PF_PEPEUSD+0.0451%1h0.000005179−0.133%$4.7M$16.8M50xas long as short
Paradex kPEPE-USD-PERP+0.0512%8h0.000005168−0.344%$6K20xas long as short
BloFin PEPE-USDT+0.0542%8h0.000005178−0.152%$4.6M$29.6M75xas long as short
Backpack kPEPE_USDC_PERP+0.0547%1h0.000005181−0.102%$72K$848K15xas long as short
Phemex u1000PEPEUSDT+0.0571%8h0.000005179−0.129%$2.4M$8.0M50xas long as short
Lighter 1000PEPE+0.0616%1h0.000005174−0.229%$622K$9.0M10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.000005177−0.172%$704K$38.4M50xas long as short
01 Exchange kPEPEUSD+0.0648%1h0.000005156−0.577%$622$3K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0716%1h0.000005180−0.114%$74K$127K25xas long as short
Nado kPEPE-PERP+0.0739%1h0.000005173−0.249%$164K$956K10xas long as short
BingX 1000PEPE-USDC+0.0751%8h0.000005174−0.239%$2.3Mas long as short
Binance 1000PEPEUSDT+0.0782%8h0.000005172−0.272%$142.9M$1.44B75xas long as short
Extended 1000PEPE-USDshort+0.0784%1h0.000005175−0.204%$547K$285K25x
MEXC PEPE_USDT+0.0784%8h0.000005165−0.393%$98.4M$301.9M300xas long as short
Aevo 1000PEPE-PERP+0.0784%1h0.000005178−0.152%$146K3xas long as short
Aster 1000PEPEUSDT+0.0806%8h0.000005174−0.237%$1.8M$11.6M50xas long as short
Hyperliquid kPEPE+0.0916%1h0.000005178−0.152%$55.3M$154.4M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1132% / S −0.2351%1h0.000005000−3.585%$63K100xas long as short
ApeX Omni 1000PEPEUSDT+0.1244%1h0.000005189+0.060%$157K$818K25xas long as short