Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0373%/8h= +40.9% APRpaid last 24h +0.031%

Price spread now: Paradex against edgeX+0.669%52s7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Paradex is 0.669% dearer against edgeX than usual: you sell high and buy low: +$67 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX 1000PEPEUSDC	0.000004818	0.0100	pay 0.0050% / 4h	2h 21m	$27K	$337K	20x
Short	Paradex kPEPE-USD-PERP	0.000004850	0.0473	get 0.0473% / 8h	2h 21m	$5K	$16	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now +0.669%Rate

Funding earned: $78.38
Price spread: +0.669% → 0.000%: $66.91
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: $132.29
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: edgeX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 1 min ago	0.93 bp	5.7 bp −$6	7.7 bp −$77	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	0.000004845	+0.560%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004843	+0.518%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004845	+0.562%	$58.0M	$71.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004847	+0.603%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004852	+0.707%	$88.6M	$274.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004849	+0.645%	$151.4M	$62.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004853	+0.736%	$25.2M	$53.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004837	+0.402%	$705K	$3.7M	—	as long as short
edgeX 1000PEPEUSDClong	+0.0100%	4h	0.000004818	long leg	$27K	$337K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004856	+0.782%	$1K	$2.4M	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	0.000004858	+0.827%	$559K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0151%	8h	0.000004853	+0.728%	$41.6M	$490.0M	50x	as long as short
Bitget PEPEUSDT	+0.0179%	8h	0.000004851	+0.690%	$42.9M	$152.0M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004852	+0.712%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0268%	8h	0.000004854	+0.748%	$3.9M	$21.9M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.977%	$52K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0397%	8h	0.000004853	+0.728%	$30K	$11K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0462%	8h	0.000004846	+0.591%	$2.3M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004843	+0.520%	$580K	$25.3M	50x	as long as short
Lighter 1000PEPE	+0.0472%	1h	0.000004853	+0.728%	$618K	$5.2M	10x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0473%	8h	0.000004850	+0.669%	$5K	$16	20x
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004866	+0.997%	$4K	$110K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0659%	1h	0.000004849	+0.651%	$93K	$623K	15x	as long as short
Nado kPEPE-PERP	+0.0692%	1h	0.000004854	+0.754%	$192K	$847K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0736%	1h	0.000004809	−0.186%	$100K	$760K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0755%	1h	0.000004849	+0.640%	$3.9M	$13.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0782%	1h	0.000004851	+0.686%	$82K	$94K	25x	as long as short
BingX 1000PEPE-USDC	+0.0784%	8h	0.000004855	+0.761%	—	$2.3M	—	as long as short
SoDEX 1000PEPE-USD	+0.0818%	1h	0.000004849	+0.645%	$2K	$9K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0848%	1h	0.000004855	+0.769%	$137K	—	3x	as long as short
MEXC PEPE_USDT	+0.0849%	8h	0.000004860	+0.879%	$91.7M	$290.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0853%	8h	0.000004854	+0.747%	$129.2M	$1.02B	75x	as long as short
Extended 1000PEPE-USD	+0.0856%	1h	0.000004846	+0.583%	$534K	$147K	25x	as long as short
Aster 1000PEPEUSDT	+0.0891%	8h	0.000004852	+0.701%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1240%	1h	0.000004859	+0.852%	$557	$2K	10x	as long as short