Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1487%/8h= −162.9% APRpaid last 24h −0.026%

Price spread now: Paradex against ApeX Omni+0.076%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.076% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000PEPEUSDT	0.000004976	0.2033	pay 0.0254% / 1h	52m 45s	$153K	$812K	25x
Short	Paradex kPEPE-USD-PERP	0.000004980	0.0546	get 0.0546% / 8h	2h 52m	$6K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$312.34
Price spread: +0.076% → 0.000%: $7.64
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$318.71
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 61 min ago; Paradex: 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 ApeX Omni live order book, 61 min ago	4.06 bp	12.3 bp −$12	63.9 bp −$639	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
dYdX PEPE-USD	0.0000%	1h	0.000005001	+0.494%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004972	−0.082%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005005	+0.583%	$63K	$165K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005004	+0.557%	$98.3M	$398.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004985	+0.181%	$160.5M	$92.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004993	+0.348%	$24.9M	$70.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004979	+0.053%	$597K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004977	+0.029%	$27K	$536K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004990	+0.279%	$2K	$2.6M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004986	+0.201%	$556K	$4.1M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004975	−0.018%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0346%	8h	0.000005000	+0.476%	$44.7M	$205.7M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0357%	1h	0.000004982	+0.121%	$2K	$10K	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0409%	8h	0.000005011	+0.703%	$45.9M	$675.6M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0416%	8h	0.000004981	+0.111%	$33K	$27K	20x	as long as short
BloFin PEPE-USDT	+0.0531%	8h	0.000004989	+0.261%	$4.7M	$27.6M	75x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0546%	8h	0.000004980	+0.076%	$6K	—	20x
Backpack kPEPE_USDC_PERP	+0.0553%	1h	0.000004986	+0.207%	$73K	$825K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0554%	1h	0.000004979	+0.060%	$71K	$127K	25x	as long as short
Lighter 1000PEPE	+0.0576%	1h	0.000005011	+0.703%	$604K	$9.0M	10x	as long as short
01 Exchange kPEPEUSD	+0.0648%	1h	0.000004981	+0.100%	$601	$3K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0680%	1h	0.000004980	+0.080%	$626K	$36.2M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0705%	8h	0.000004991	+0.309%	$2.4M	$7.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0779%	8h	0.000004990	+0.277%	—	$238.1M	—	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004981	+0.100%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0805%	8h	0.000004992	+0.311%	$96.6M	$298.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0807%	8h	0.000005004	+0.568%	$141.8M	$1.39B	75x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000004987	+0.228%	$528K	$262K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0857%	1h	0.000004983	+0.147%	$4.6M	$16.7M	50x	as long as short
Aster 1000PEPEUSDT	+0.0876%	8h	0.000005003	+0.536%	$1.7M	$10.9M	50x	as long as short
Nado kPEPE-PERP	+0.0972%	1h	0.000004975	−0.015%	$166K	$939K	10x	as long as short
Hyperliquid kPEPE	+0.1003%	1h	0.000005004	+0.563%	$52.9M	$150.2M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1043% / S −0.1475%	1h	0.000004000	−19.614%	$69K	—	100x	as long as short
Injective PEPE/USDC PERP	+0.1379%	1h	0.000005327	+7.054%	$3K	$111K	12x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.2033%	1h	0.000004976	long leg	$153K	$812K	25x