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% APRpaid last 24h +0.010%

Price spread now: edgeX against Variational Omni−0.507%7-day average +0.089% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.560%+$56 · spread now −0.507%, 7d avg +0.089%

Together, before fees+0.620%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$62 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 0.596% cheaper against Variational Omni than usual: you would sell low and buy high, −$60 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000PEPE	0.000005312	0.0100	pay 0.0100% / 8h	3h 27m	$747K	$5.1M	—
Short	edgeX 1000PEPEUSDC	0.000005285	0.0100	get 0.0050% / 4h	3h 27m	$29K	$532K	20x

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

Position, each leg$Hold fordaysFee Variational OmnibpFee edgeXbpOrdersPrice spread, now −0.507%Rate

Funding earned: $0
Price spread: −0.507% → +0.089%: −$59.55
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: −$68.55
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; edgeX: live order book, 27 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 Variational Omni RFQ quote, 2 min ago	4.74 bp	doesn't fit	25.6 bp −$256	doesn't fit	doesn't fit
Sell edgeX live order book, 27 min ago	1.22 bp	5.8 bp −$6	8.6 bp −$86	doesn't fit	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	0.000005253	−1.104%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005243	−1.291%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+0.290%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005261	−0.952%	$67K	$162K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005233	−1.487%	$106.2M	$378.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005233	−1.479%	$173.8M	$88.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005235	−1.445%	$26.1M	$68.3M	75x	as long as short
Variational Omni 1000PEPElong	+0.0100%	8h	0.000005312	long leg	$747K	$5.1M	—
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000005285	−0.507%	$29K	$532K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005253	−1.099%	$2K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005249	−1.182%	$595K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005252	−1.127%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0293%	8h	0.000005239	−1.363%	$50.9M	$190.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0392%	8h	0.000005251	−1.142%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0434%	8h	0.000005236	−1.423%	$50.9M	$674.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0436%	8h	0.000005259	−0.993%	$6K	—	20x	as long as short
SoDEX 1000PEPE-USD	+0.0474%	1h	0.000005248	−1.197%	$2K	$10K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0513%	1h	0.000005248	−1.197%	$75K	$126K	25x	as long as short
BloFin PEPE-USDT	+0.0562%	8h	0.000005243	−1.291%	$4.9M	$28.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0636%	8h	0.000005248	−1.206%	$2.5M	$7.5M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005250	−1.159%	$705K	$36.4M	50x	as long as short
BingX 1000PEPE-USDC	+0.0763%	8h	0.000005236	−1.417%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005247	−1.208%	$556K	$231K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005249	−1.178%	$148K	—	3x	as long as short
MEXC PEPE_USDT	+0.0802%	8h	0.000005240	−1.351%	$102.6M	$295.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0803%	8h	0.000005240	−1.349%	$152.8M	$1.33B	75x	as long as short
Nado kPEPE-PERP	+0.0878%	1h	0.000005258	−1.006%	$189K	$916K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0904%	1h	0.000005308	−0.067%	$163K	$808K	25x	as long as short
Aster 1000PEPEUSDT	+0.0916%	8h	0.000005239	−1.364%	$1.9M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0950% / S −0.1894%	1h	0.000005000	−5.866%	$65K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.1016%	1h	0.000005260	−0.971%	$634	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1176%	1h	0.000005237	−1.406%	$68K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1272%	1h	0.000005246	−1.234%	$681K	$8.7M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1557%	1h	0.000005246	−1.242%	$4.8M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1594%	1h	0.000005242	−1.310%	$57.2M	$145.5M	10x	as long as short