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: SunX against Variational Omni−0.046%7-day average +0.253% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

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)+0.381%+$38 · spread now −0.046%, 7d avg +0.253%

Together, before fees+0.427%+ Points / potential airdropVariational Omni: Active · farm board+$43 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: SunX is 0.299% cheaper against Variational Omni than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.253%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000PEPE	0.000004956	0.0100	pay 0.0100% / 8h	4h 32m	$675K	$5.3M	—
Short	SunX 1000PEPE-USDT	0.000004954	0.0100	get 0.0100% / 8h	4h 32m	$1K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → +0.253%: −$29.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$37.92
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; SunX: live order book, 9 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, 5 min ago	6.06 bp	doesn't fit	20.2 bp −$202	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	29.23 bp	78.4 bp −$78	doesn't fit	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
Kraken Futures PF_PEPEUSD	−0.0232%	1h	0.000004944	−0.234%	$4.5M	$16.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	0.000004947	−0.183%	$61K	$120K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000004943	−0.268%	$4K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004946	−0.204%	$605K	$9.0M	10x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	0.000004946	−0.204%	$140K	—	3x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004957	+0.015%	$140K	$941K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004947	−0.183%	$50.8M	$155.7M	10x	as long as short
Aster 1000PEPEUSDT	+0.0100%	8h	0.000004948	−0.159%	$1.7M	$12.6M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004944	−0.244%	$58K	$198K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	0.000004946	−0.199%	$127.2M	$1.54B	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004942	−0.276%	$92.4M	$447.2M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004948	−0.163%	$44.8M	$723.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004944	−0.244%	$150.0M	$103.7M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	0.000004948	−0.161%	$99.5M	$292.1M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004947	−0.181%	$24.7M	$76.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004946	−0.193%	$43.5M	$236.2M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	0.000004951	−0.103%	—	$2.3M	—	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004949	−0.149%	$75K	$997K	15x	as long as short
Variational Omni 1000PEPElong	+0.0100%	8h	0.000004956	long leg	$675K	$5.3M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004959	+0.061%	$26K	$576K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004964	+0.160%	$109K	$869K	25x	as long as short
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000004954	−0.046%	$1K	$2.5M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004946	−0.204%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004942	−0.278%	$579K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004948	−0.163%	$2.3M	$8.0M	50x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	0.000004945	−0.215%	$520K	$288K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0104%	8h	0.000004945	−0.218%	$6K	—	20x	as long as short
01 Exchange kPEPEUSD	+0.0128%	1h	0.000004945	−0.224%	$596	$2K	10x	as long as short
Injective PEPE/USDC PERP	+0.0176%	1h	0.000004904	−1.051%	$3K	$123K	12x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004945	−0.231%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004952	−0.082%	$4.3M	$28.6M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0233%	8h	0.000004947	−0.177%	$31K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0320%	1h	0.000004942	−0.284%	$699K	$38.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0704% / S −0.0721%	1h	0.000004000	−19.291%	$52K	—	100x	as long as short
dYdX PEPE-USD	+0.3632%	1h	0.000004942	−0.293%	$25K	$18K	10x	as long as short