Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.142%

Price spread now: 01 Exchange against SunX−0.217%7-day average — · you buy dearer than you sell

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

Long on SunX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.217% cheaper against SunX than usual: you would sell low and buy high (spread −0.217% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 30 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000005166	0.0100	pay 0.0100% / 8h	1h 01m	$2K	$2.7M	20x
Short	01 Exchange kPEPEUSD	0.000005155	0.0680	get 0.0085% / 1h	1m 44s	$622	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.217%Rate

Funding earned: $121.8
Price spread: −0.217% → 0.000%: −$21.68
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $85.12
Costs to cover: 0.150%
Break-even: 2.1 days

Slippage unknown: SunX: live order book, 6 min ago; 01 Exchange: no order-book sample. 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, 6 min ago	29.29 bp	47.4 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005165	−0.023%	$8K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005152	−0.275%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005146	−0.397%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005158	−0.159%	$60K	$182K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005159	−0.135%	$100.9M	$421.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005155	−0.217%	$164.3M	$97.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005168	+0.027%	$607K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005169	+0.053%	$28K	$544K	20x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000005166	long leg	$2K	$2.7M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000005156	−0.194%	$598K	$4.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0107%	8h	0.000005159	−0.147%	$26.4M	$72.7M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0175%	1h	0.000005159	−0.139%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005150	−0.308%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0283%	8h	0.000005159	−0.145%	$46.2M	$216.6M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0398%	8h	0.000005162	−0.081%	$47.6M	$737.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0401%	8h	0.000005154	−0.232%	$34K	$26K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0441%	1h	0.000005174	+0.151%	$150K	$830K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0453%	1h	0.000005157	−0.179%	$4.7M	$16.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0469%	1h	0.000005162	−0.081%	$74K	$866K	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0517%	8h	0.000005149	−0.333%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0520%	8h	0.000005172	+0.112%	$4.4M	$30.0M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0520%	8h	0.000005161	−0.097%	$2.4M	$8.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0526%	1h	0.000005157	−0.178%	$74K	$127K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005154	−0.236%	$689K	$39.0M	50x	as long as short
01 Exchange kPEPEUSDshort	+0.0680%	1h	0.000005155	−0.217%	$622	$3K	10x
Nado kPEPE-PERP	+0.0709%	1h	0.000005151	−0.302%	$165K	$960K	10x	as long as short
BingX 1000PEPE-USDC	+0.0723%	8h	0.000005160	−0.122%	—	$2.3M	—	as long as short
Lighter 1000PEPE	+0.0728%	1h	0.000005161	−0.101%	$617K	$9.1M	10x	as long as short
Aster 1000PEPEUSDT	+0.0745%	8h	0.000005151	−0.299%	$1.8M	$11.7M	50x	as long as short
Binance 1000PEPEUSDT	+0.0756%	8h	0.000005160	−0.120%	$142.0M	$1.47B	75x	as long as short
MEXC PEPE_USDT	+0.0758%	8h	0.000005158	−0.163%	$100.5M	$307.5M	300x	as long as short
Extended 1000PEPE-USD	+0.0760%	1h	0.000005158	−0.167%	$541K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0760%	1h	0.000005159	−0.139%	$146K	—	3x	as long as short
Hyperliquid kPEPE	+0.0953%	1h	0.000005163	−0.062%	$53.6M	$156.9M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1132% / S −0.2249%	1h	0.000005000	−3.217%	$64K	—	100x	as long as short