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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0204%/8h= +22.3% APRnext payment +$2.04 per $10,000 · paid last 24h +0.031%
Price spread now: Paradex against Bitget+0.127%52s7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Paradex is 0.127% dearer against Bitget than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PEPEUSDT0.0000048040.0169pay 0.0169% / 8h2h 32m$43.3M$152.1M75x
ShortParadex kPEPE-USD-PERP0.0000048100.0373get 0.0373% / 8h2h 32m$5K$1620x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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
$42.8
Price spread: +0.127% → 0.000%
$12.72
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
$39.52
Costs to cover
0.160%
Break-even
0.5 days
Slippage unknown: Bitget: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago2.60 bp9.5 bp −$910.0 bp −$10024.8 bp −$2,480doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004812+0.166%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004801−0.075%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004804−0.006%$56.8M$70.1M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004819+0.306%$59K$113K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004802−0.048%$88.5M$273.1M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004800−0.090%$148.7M$61.8M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004800−0.092%$23.7M$52.4M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004799−0.103%$705K$3.7Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004804−0.012%$27K$338K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004826+0.452%$1K$2.4M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000004801−0.062%$553K$3.5M75xas long as short
OKX PEPE-USDT-SWAP+0.0128%8h0.000004806+0.035%$41.3M$488.4M50xas long as short
Bitget PEPEUSDTlong+0.0169%8h0.000004804long leg$43.3M$152.1M75x
Reya kPEPERUSDPERP+0.0189%1h0.000004810+0.121%$7K15xas long as short
BloFin PEPE-USDT+0.0245%8h0.000004812+0.160%$3.9M$21.7M75xas long as short
Lighter 1000PEPE+0.0304%1h0.000004806+0.035%$591K$5.1M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0318% / S −0.0217%1h0.000004000−16.741%$52K100xas long as short
Paradex kPEPE-USD-PERPshort+0.0373%8h0.000004810+0.127%$5K$1620x
Orderly PERP_1000PEPE_USDC+0.0377%8h0.000004808+0.069%$30K$11K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004816+0.244%$577K$25.4M50xas long as short
Phemex u1000PEPEUSDT+0.0467%8h0.000004811+0.135%$2.3M$6.3M50xas long as short
Backpack kPEPE_USDC_PERP+0.0488%1h0.000004805+0.021%$95K$622K15xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004814+0.202%$4K$92K12xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0583%1h0.000004807+0.056%$81K$94K25xas long as short
SoDEX 1000PEPE-USD+0.0627%1h0.000004808+0.077%$2K$9K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0670%1h0.000004816+0.244%$100K$758K25xas long as short
Nado kPEPE-PERP+0.0670%1h0.000004815+0.214%$180K$859K10xas long as short
Kraken Futures PF_PEPEUSD+0.0762%1h0.000004808+0.078%$3.9M$13.0M50xas long as short
BingX 1000PEPE-USDC+0.0766%8h0.000004796−0.173%$2.3Mas long as short
MEXC PEPE_USDT+0.0814%8h0.000004803−0.017%$89.8M$289.7M300xas long as short
Binance 1000PEPEUSDT+0.0815%8h0.0000048040.000%$127.4M$1.02B75xas long as short
Extended 1000PEPE-USD+0.0816%1h0.000004802−0.038%$529K$147K25xas long as short
Aevo 1000PEPE-PERP+0.0816%1h0.000004811+0.139%$136K3xas long as short
Aster 1000PEPEUSDT+0.0855%8h0.000004807+0.050%$1.5M$6.7M50xas long as short
01 Exchange kPEPEUSD+0.1232%1h0.000004823+0.389%$552$2K10xas long as short