Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0689%/8h= +75.5% APRpaid last 24h +0.040%

Price spread now: Paradex against Pacifica−0.057%7-day average — · you buy dearer than you sell

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

Long on Pacifica 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 airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.057% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000005014	0.0100	pay 0.0013% / 1h	47m 31s	$64K	$140K	10x
Short	Paradex kPEPE-USD-PERP	0.000005011	0.0789	get 0.0789% / 8h	4h 47m	$6K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now −0.057%Rate

Funding earned: $144.75
Price spread: −0.057% → 0.000%: −$5.66
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $127.08
Costs to cover: 0.120%
Break-even: 0.9 days

Slippage unknown: Pacifica: live order book, 10 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 Pacifica live order book, 10 min ago	4.95 bp	12.3 bp −$12	doesn't fit	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	0.000005004	−0.207%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005015	+0.014%	$14K	—	150x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000005014	long leg	$64K	$140K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005011	−0.060%	$98.1M	$345.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005008	−0.120%	$166.0M	$75.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005011	−0.052%	$25.9M	$63.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005027	+0.252%	$675K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005013	−0.026%	$31K	$452K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005027	+0.259%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005016	+0.040%	$571K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0160%	8h	0.000005012	−0.050%	$45.8M	$174.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005018	+0.086%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	+0.598%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0328%	8h	0.000005018	+0.070%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0359%	8h	0.000005020	+0.120%	$45.0M	$592.4M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0439%	1h	0.000005017	+0.060%	$2K	$12K	10x	as long as short
BloFin PEPE-USDT	+0.0480%	8h	0.000005004	−0.199%	$4.3M	$25.0M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0548%	1h	0.000005017	+0.060%	$71K	$124K	25x	as long as short
BingX 1000PEPE-USDT	+0.0635%	8h	0.000005009	−0.096%	—	$261.6M	—	as long as short
Phemex u1000PEPEUSDT	+0.0637%	8h	0.000005026	+0.231%	$2.4M	$7.1M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0660% / S −0.1059%	1h	0.000005000	−0.279%	$50K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0664%	1h	0.000005010	−0.070%	$532K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0664%	1h	0.000005017	+0.060%	$142K	—	3x	as long as short
MEXC PEPE_USDT	+0.0667%	8h	0.000005015	+0.020%	$92.2M	$286.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0668%	8h	0.000005011	−0.064%	$140.9M	$1.22B	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005020	+0.120%	$960K	$31.6M	50x	as long as short
Aster 1000PEPEUSDT	+0.0755%	8h	0.000005015	+0.024%	$1.8M	$9.2M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0779%	1h	0.000005031	+0.333%	$95K	$642K	15x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0789%	8h	0.000005011	−0.057%	$6K	—	20x
ApeX Omni 1000PEPEUSDT	+0.0852%	1h	0.000005009	−0.100%	$99K	$743K	25x	as long as short
Nado kPEPE-PERP	+0.0853%	1h	0.000005016	+0.035%	$190K	$877K	10x	as long as short
01 Exchange kPEPEUSD	+0.0896%	1h	0.000005022	+0.160%	$606	$3K	10x	as long as short
Lighter 1000PEPE	+0.0920%	1h	0.000005017	+0.060%	$586K	$8.2M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1298%	1h	0.000005017	+0.065%	$4.4M	$15.4M	50x	as long as short
Hyperliquid kPEPE	+0.1405%	1h	0.000005021	+0.140%	$53.8M	$140.0M	10x	as long as short