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+0.0238%/8h= +26.1% APRnext payment +$2.38 per $10,000 · paid last 24h +0.013%
Price spread now: Paradex against BloFin−0.036%7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. Paradex is 0.036% cheaper against BloFin than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PEPE-USDT0.0000048310.0287pay 0.0287% / 8h2h 10m$3.9M$21.9M75x
ShortParadex kPEPE-USD-PERP0.0000048290.0525get 0.0525% / 8h2h 10m$5K$1620x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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
$50.06
Price spread: −0.036% → 0.000%
−$3.62
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
$30.43
Costs to cover
0.160%
Break-even
2.7 days
Slippage unknown: BloFin: live order book, 8 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 BloFin live order book, 8 min ago1.04 bp7.3 bp −$713.0 bp −$13034.7 bp −$3,475doesn'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%1h0.000004826−0.108%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004817−0.290%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004830−0.021%$58.4M$72.4M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004830−0.021%$60K$113K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004826−0.112%$87.8M$275.3M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004826−0.103%$150.7M$62.3M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004828−0.052%$25.0M$53.2M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004810−0.429%$559K$3.8Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004818−0.271%$27K$342K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004828−0.056%$2K$2.4M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000004815−0.339%$554K$3.4M75xas long as short
OKX PEPE-USDT-SWAP+0.0171%8h0.000004826−0.103%$41.6M$487.0M50xas long as short
Bitget PEPEUSDT+0.0181%8h0.000004830−0.014%$42.6M$150.8M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004825−0.124%$7K15xas long as short
BloFin PEPE-USDTlong+0.0287%8h0.000004831long leg$3.9M$21.9M75x
GMX PEPE/USD [ETH-USDC]L +0.0318% / S −0.0217%1h0.000004000−17.201%$52K100xas long as short
Orderly PERP_1000PEPE_USDC+0.0414%8h0.000004824−0.147%$29K$11K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004817−0.290%$579K$25.1M50xas long as short
Phemex u1000PEPEUSDT+0.0502%8h0.000004834+0.068%$2.3M$6.4M50xas long as short
Paradex kPEPE-USD-PERPshort+0.0525%8h0.000004829−0.036%$5K$1620x
Injective PEPE/USDC PERP+0.0555%1h0.000004814−0.352%$4K$110K12xas long as short
Lighter 1000PEPE+0.0704%1h0.000004837+0.124%$603K$5.3M10xas long as short
Backpack kPEPE_USDC_PERP+0.0706%1h0.000004834+0.058%$93K$624K15xas long as short
Nado kPEPE-PERP+0.0735%1h0.000004823−0.165%$189K$848K10xas long as short
Kraken Futures PF_PEPEUSD+0.0760%1h0.000004819−0.251%$3.9M$13.1M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0765%1h0.000004818−0.269%$102K$761K25xas long as short
SoDEX 1000PEPE-USD+0.0785%1h0.000004819−0.248%$2K$9K10xas long as short
BingX 1000PEPE-USDT+0.0820%8h0.000004831+0.002%$254.7Mas long as short
Extended 1000PEPE-USD+0.0864%1h0.000004827−0.090%$529K$147K25xas long as short
Aevo 1000PEPE-PERP+0.0864%1h0.000004816−0.310%$136K3xas long as short
MEXC PEPE_USDT+0.0865%8h0.000004830−0.023%$91.9M$292.0M300xas long as short
Binance 1000PEPEUSDT+0.0870%8h0.000004831−0.006%$128.7M$1.02B75xas long as short
Aster 1000PEPEUSDT+0.0902%8h0.000004822−0.180%$1.5M$6.8M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0995%1h0.000004824−0.145%$82K$94K25xas long as short
01 Exchange kPEPEUSD+0.1208%1h0.000004833+0.041%$554$2K10xas long as short