Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against SunX−0.247%7-day average −0.187% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1491.494% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.247%, 7d avg −0.187%

Together, before fees−0.151%−$15 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: Gate is 0.060% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.187%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000005110	0.0100	pay 0.0100% / 8h	2h 14m	$1K	$2.6M	20x
Short	Gate PEPE_USDT	0.000005097	0.0100	get 0.0100% / 8h	2h 14m	$163.1M	$94.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.247%Rate

Funding earned: $0
Price spread: −0.247% → −0.187%: −$6.01
Slippage, 4 orders: −$126.44
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$155.44
Costs to cover: 1.494%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Gate: live order book, 5 min ago.

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	29.14 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.96 bp	11.3 bp −$11	16.1 bp −$161	68.1 bp −$6,807	doesn't fit

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
dYdX PEPE-USD	0.0000%	1h	0.000005083	−0.518%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000005094	−0.297%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005087	−0.442%	$58K	$178K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005099	−0.207%	$100.1M	$408.0M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000005097	−0.247%	$163.1M	$94.9M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005103	−0.121%	$25.3M	$71.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005080	−0.586%	$607K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005083	−0.514%	$28K	$540K	20x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000005110	long leg	$1K	$2.6M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005080	−0.573%	$572K	$4.1M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005097	−0.250%	$8K	—	15x	as long as short
SoDEX 1000PEPE-USD	+0.0218%	1h	0.000005102	−0.149%	$2K	$10K	10x	as long as short
Bitget PEPEUSDT	+0.0331%	8h	0.000005097	−0.249%	$45.5M	$211.4M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0391%	8h	0.000005104	−0.102%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0424%	8h	0.000005101	−0.168%	$47.0M	$702.8M	50x	as long as short
BloFin PEPE-USDT	+0.0549%	8h	0.000005084	−0.501%	$4.4M	$28.6M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0571%	8h	0.000005089	−0.395%	$6K	—	20x	as long as short
Phemex u1000PEPEUSDT	+0.0624%	8h	0.000005104	−0.114%	$2.4M	$7.9M	50x	as long as short
Lighter 1000PEPE	+0.0632%	1h	0.000005105	−0.090%	$604K	$9.1M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0664%	1h	0.000005104	−0.110%	$70K	$840K	15x	as long as short
Nado kPEPE-PERP	+0.0668%	1h	0.000005098	−0.230%	$166K	$945K	10x	as long as short
01 Exchange kPEPEUSD	+0.0680%	1h	0.000005090	−0.384%	$614	$3K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0680%	1h	0.000005089	−0.403%	$660K	$37.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0762%	8h	0.000005097	−0.254%	—	$239.5M	—	as long as short
MEXC PEPE_USDT	+0.0798%	8h	0.000005102	−0.155%	$98.0M	$303.5M	300x	as long as short
Binance 1000PEPEUSDT	+0.0798%	8h	0.000005101	−0.176%	$142.7M	$1.42B	75x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005101	−0.171%	$539K	$277K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005088	−0.423%	$144K	—	3x	as long as short
Kraken Futures PF_PEPEUSD	+0.0837%	1h	0.000005099	−0.204%	$4.6M	$16.7M	50x	as long as short
Aster 1000PEPEUSDT	+0.0838%	8h	0.000005100	−0.182%	$1.8M	$11.3M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0865%	1h	0.000005080	−0.579%	$156K	$815K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0927%	1h	0.000005103	−0.129%	$73K	$127K	25x	as long as short
Hyperliquid kPEPE	+0.1006%	1h	0.000005101	−0.168%	$54.1M	$153.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1130% / S −0.2171%	1h	0.000005000	−2.145%	$64K	—	100x	as long as short
Injective PEPE/USDC PERP	+0.1379%	1h	0.000005027	−1.617%	$3K	$111K	12x	as long as short