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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: edgeX against Variational Omni+0.147%104s7-day average +0.085% · you sell dearer than you buy
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 4 days (all we have)+0.055%+$5 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.147%, 7d avg +0.085%
Together, before fees−0.007%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$1 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: edgeX is 0.061% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.085%. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni 1000PEPE0.0000049980.0100pay 0.0100% / 8h6h 57m$653K$5.4M
ShortedgeX 1000PEPEUSDC0.0000050050.0100get 0.0050% / 4h2h 57m$27K$569K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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
$0
Price spread: +0.147% → +0.085%
$6.11
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$2.89
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; edgeX: live order book, 36 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 Variational Omni RFQ quote, 1 min ago5.00 bpdoesn't fit17.0 bp −$170doesn't fitdoesn't fit
Sell edgeX live order book, 36 min ago1.28 bp5.9 bp −$68.4 bp −$84doesn'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
Deribit 1000PEPE_USDC-PERPETUAL0.0000%1h0.000005004+0.129%$57K$139K25xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000005002+0.091%$3K150xas long as short
Kraken Futures PF_PEPEUSD+0.0026%1h0.000004999+0.027%$4.6M$16.7M50xas long as short
Hyperliquid kPEPE+0.0100%1h0.000005003+0.109%$51.6M$161.8M10xas long as short
Pacifica kPEPE+0.0100%1h0.000005008+0.209%$58K$197K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005010+0.257%$96.5M$446.8M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005005+0.149%$159.9M$99.9M75xas long as short
Variational Omni 1000PEPElong+0.0100%8h0.000004998long leg$653K$5.4M
edgeX 1000PEPEUSDCshort+0.0100%4h0.000005005+0.147%$27K$569K20x
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000005009+0.229%$146K$846K25xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX 1000PEPE-USDT+0.0100%8h0.000005012+0.293%$1K$2.6M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000005001+0.069%$2K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000005005+0.139%$585K$4.2M75xas long as short
Nado kPEPE-PERP+0.0117%1h0.000005005+0.151%$152K$949K10xas long as short
Bitget PEPEUSDT+0.0126%8h0.000005009+0.235%$44.6M$225.8M75xas long as short
KuCoin PEPEUSDTM+0.0128%8h0.000005008+0.207%$25.6M$75.9M75xas long as short
01 Exchange kPEPEUSD+0.0152%1h0.000005006+0.169%$604$2K10xas long as short
Lighter 1000PEPE+0.0168%1h0.000005005+0.149%$591K$9.0M10xas long as short
Phemex u1000PEPEUSDT+0.0179%8h0.000005010+0.255%$2.3M$8.0M50xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004993−0.085%$8K15xas long as short
Backpack kPEPE_USDC_PERP+0.0240%1h0.000005000+0.049%$66K$959K15xas long as short
OKX PEPE-USDT-SWAP+0.0273%8h0.000005009+0.229%$45.6M$743.2M50xas long as short
Paradex kPEPE-USD-PERP+0.0276%8h0.000005011+0.260%$6K20xas long as short
Injective PEPE/USDC PERP+0.0363%1h0.000005011+0.269%$6K$121K12xas long as short
BloFin PEPE-USDT+0.0397%8h0.000005010+0.249%$4.4M$30.1M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0431%8h0.000005008+0.209%$32K$31K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000005008+0.209%$664K$39.4M50xas long as short
BingX 1000PEPE-USDT+0.0546%8h0.000005010+0.245%$179.7Mas long as short
Extended 1000PEPE-USD+0.0552%1h0.000005006+0.178%$525K$286K25xas long as short
Aevo 1000PEPE-PERP+0.0552%1h0.000005006+0.169%$142K3xas long as short
Binance 1000PEPEUSDT+0.0553%8h0.000005011+0.271%$131.8M$1.54B75xas long as short
MEXC PEPE_USDT+0.0559%8h0.000005009+0.231%$99.5M$303.0M300xas long as short
Aster 1000PEPEUSDT+0.0573%8h0.000005011+0.269%$1.8M$12.3M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0926% / S −0.1034%1h0.000005000+0.049%$50K100xas long as short
dYdX PEPE-USD+0.8700%1h0.000005009+0.239%$25K$12K10xas long as short