Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX−0.103%7-day average −0.254% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.379%−$38 · spread now −0.103%, 7d avg −0.254%

Together, before fees−0.425%+ Points / potential airdropVariational Omni: Active · farm board−$42 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: Variational Omni is 0.151% dearer against SunX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.254%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000004986	0.0100	pay 0.0100% / 8h	6h 19m	$1K	$2.6M	20x
Short	Variational Omni 1000PEPE	0.000004980	0.0100	get 0.0100% / 8h	6h 19m	$638K	$5.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.254%: $15.12
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $7.12
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 12 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 12 min ago	29.07 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	5.02 bp	doesn't fit	15.1 bp −$151	doesn't fit	doesn't fit

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
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004975	−0.221%	$3K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0026%	1h	0.000004976	−0.200%	$4.6M	$16.8M	50x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004978	−0.152%	$590K	$9.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004978	−0.152%	$51.0M	$161.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004975	−0.213%	$57K	$196K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004977	−0.179%	$95.1M	$445.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004975	−0.213%	$155.6M	$101.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004977	−0.166%	$25.1M	$76.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004978	−0.152%	$45.3M	$228.3M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	0.000004980	−0.103%	$638K	$5.3M	—

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004986	+0.009%	$27K	$570K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004987	+0.028%	$145K	$846K	25x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000004986	long leg	$1K	$2.6M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004978	−0.152%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004982	−0.064%	$581K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004980	−0.108%	$2.3M	$8.0M	50x	as long as short
01 Exchange kPEPEUSD	+0.0112%	1h	0.000004973	−0.253%	$600	$2K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0119%	8h	0.000004972	−0.278%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0152%	1h	0.000004978	−0.152%	$57K	$125K	25x	as long as short
Nado kPEPE-PERP	+0.0163%	1h	0.000004976	−0.184%	$140K	$953K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004975	−0.203%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0193%	8h	0.000004977	−0.172%	$44.6M	$736.1M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0289%	1h	0.000004978	−0.160%	$77K	$997K	15x	as long as short
BloFin PEPE-USDT	+0.0313%	8h	0.000004976	−0.193%	$4.2M	$29.1M	75x	as long as short
Injective PEPE/USDC PERP	+0.0363%	1h	0.000004963	−0.453%	$5K	$121K	12x	as long as short
Extended 1000PEPE-USD	+0.0384%	1h	0.000004976	−0.193%	$522K	$285K	25x	as long as short
Binance 1000PEPEUSDT	+0.0388%	8h	0.000004975	−0.208%	$129.2M	$1.54B	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0389%	8h	0.000004979	−0.136%	$32K	$30K	20x	as long as short
Aevo 1000PEPE-PERP	+0.0392%	1h	0.000004973	−0.253%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0393%	8h	0.000004981	−0.098%	$101.9M	$307.4M	300x	as long as short
Aster 1000PEPEUSDT	+0.0399%	8h	0.000004980	−0.116%	$1.8M	$12.4M	50x	as long as short
BingX 1000PEPE-USDC	+0.0403%	8h	0.000004975	−0.219%	—	$2.3M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004975	−0.213%	$697K	$39.1M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0885% / S −0.1012%	1h	0.000004000	−19.769%	$51K	—	100x	as long as short
dYdX PEPE-USD	+0.8575%	1h	0.000004971	−0.303%	$25K	$12K	10x	as long as short