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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0292%/8h= +32.0% APRnext payment +$2.92 per $10,000 · paid last 24h +0.009%
Price spread now: OKX against SunX−0.155%7-day average −0.174% · 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−0.053%−$5 on $10k
Price spread, last 4 days (all we have)−0.168%−$17 · spread now −0.155%, 7d avg −0.174%
Together, before fees−0.221%−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.174%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.92 per $10,000. 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-USDT0.0000051690.0100pay 0.0100% / 8h4h 16m$2K$2.5M20x
ShortOKX PEPE-USDT-SWAP0.0000051610.0392get 0.0392% / 8h4h 16m$48.4M$631.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$61.29
Price spread: −0.155% → −0.174%
$1.95
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
$45.25
Costs to cover
0.180%
Break-even
1.8 days
Slippage unknown: SunX: live order book, 11 min ago; OKX: live order book, 3 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, 11 min ago500.02 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 3 min ago0.97 bp6.0 bp −$611.4 bp −$11444.4 bp −$4,440doesn'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%1h0.000005159−0.192%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000005161−0.159%$15K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005165−0.077%$66K$146K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005156−0.255%$99.5M$359.1M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005156−0.251%$167.9M$82.2M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005171+0.044%$26.3M$65.5M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005163−0.124%$807K$4.8Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005148−0.397%$42K$465K20xas long as short
SunX 1000PEPE-USDTlong+0.0100%8h0.000005169long leg$2K$2.5M20x
HTX PEPE-USDT+0.0100%8h0.000005171+0.033%$600K$3.7M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya kPEPERUSDPERP+0.0189%1h0.000005164−0.092%$8K15xas long as short
Bitget PEPEUSDT+0.0210%8h0.000005162−0.132%$47.7M$180.2M75xas long as short
Injective PEPE/USDC PERP+0.0254%1h0.000005173+0.077%$3K$102K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0356%8h0.000005173+0.072%$34K$24K20xas long as short
OKX PEPE-USDT-SWAPshort+0.0392%8h0.000005161−0.155%$48.4M$631.0M50x
BloFin PEPE-USDT+0.0510%8h0.000005170+0.019%$4.4M$26.7M75xas long as short
Phemex u1000PEPEUSDT+0.0581%8h0.000005167−0.035%$2.6M$7.3M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0672%1h0.000005166−0.058%$967K$34.2M50xas long as short
BingX 1000PEPE-USDT+0.0708%8h0.000005161−0.163%$263.0Mas long as short
SoDEX 1000PEPE-USD+0.0732%1h0.000005172+0.058%$2K$10K10xas long as short
Extended 1000PEPE-USD+0.0744%1h0.000005169+0.004%$547K$226K25xas long as short
Aevo 1000PEPE-PERP+0.0744%1h0.000005203+0.658%$147K3xas long as short
MEXC PEPE_USDT+0.0747%8h0.000005161−0.151%$99.1M$291.9M300xas long as short
Binance 1000PEPEUSDT+0.0747%8h0.000005163−0.106%$147.0M$1.26B75xas long as short
Paradex kPEPE-USD-PERP+0.0790%8h0.000005163−0.122%$6K20xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0798% / S −0.1602%1h0.000005000−3.269%$63K100xas long as short
ApeX Omni 1000PEPEUSDT+0.0806%1h0.000005163−0.116%$101K$743K25xas long as short
Lighter 1000PEPE+0.0816%1h0.000005170+0.019%$614K$8.3M10xas long as short
Aster 1000PEPEUSDT+0.0857%8h0.000005171+0.048%$1.8M$9.6M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0912%1h0.000005171+0.039%$73K$125K25xas long as short
Nado kPEPE-PERP+0.0932%1h0.000005166−0.057%$185K$903K10xas long as short
01 Exchange kPEPEUSD+0.1096%1h0.000005176+0.135%$624$3K10xas long as short
Backpack kPEPE_USDC_PERP+0.1156%1h0.000005163−0.126%$63K$685K15xas long as short
Kraken Futures PF_PEPEUSD+0.1260%1h0.000005170+0.025%$4.7M$16.0M50xas long as short
Hyperliquid kPEPE+0.1567%1h0.000005165−0.077%$55.7M$142.2M10xas long as short