Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0485%/8h= +53.2% APRpaid last 24h +0.014%

Price spread now: Aevo against Paradex−0.225%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.225% cheaper against Paradex than usual: you would sell low and buy high (spread −0.225% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 37 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000004817	0.0219	pay 0.0219% / 8h	51m 25s	$5K	$16	20x
Short	Aevo 1000PEPE-PERP	0.000004806	0.0704	get 0.0088% / 1h	51m 25s	$136K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.225%Rate

Funding earned: $101.95
Price spread: −0.225% → 0.000%: −$22.53
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: $59.42
Costs to cover: 0.200%
Break-even: 2.9 days

Slippage unknown: Paradex: no order-book sample; Aevo: live order book, 27 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo live order book, 27 min ago	275.11 bp	584.0 bp −$584	doesn't fit	doesn't fit	doesn't fit

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
Hyperliquid kPEPE	−0.0205%	1h	0.000004810	−0.142%	$66.9M	$87.3M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004810	−0.146%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004816	−0.016%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004807	−0.208%	$3.9M	$13.4M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004815	−0.038%	$60K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004818	+0.024%	$86.7M	$287.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004814	−0.059%	$151.0M	$63.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004817	+0.009%	$24.7M	$54.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004817	+0.005%	$42.5M	$149.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004798	−0.394%	$596K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004806	−0.220%	$28K	$344K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004814	−0.055%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004807	−0.204%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004807	−0.202%	$544K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0184%	1h	0.000004820	+0.065%	$636K	$6.3M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004817	+0.001%	$7K	—	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0214%	1h	0.000004796	−0.433%	$100K	$760K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004819	+0.045%	$41.8M	$499.1M	50x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0219%	8h	0.000004817	long leg	$5K	$16	20x
01 Exchange kPEPEUSD	+0.0240%	1h	0.000004819	+0.045%	$552	$2K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0259%	8h	0.000004807	−0.204%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDT	+0.0339%	8h	0.000004804	−0.267%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0354% / S −0.0391%	1h	0.000004000	−16.958%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004812	−0.101%	$577K	$25.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0434%	8h	0.000004820	+0.065%	$30K	$12K	20x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004804	−0.267%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0578%	1h	0.000004808	−0.184%	$91K	$602K	15x	as long as short
BingX 1000PEPE-USDC	+0.0693%	8h	0.000004813	−0.078%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0696%	1h	0.000004817	+0.011%	$529K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0699%	8h	0.000004819	+0.053%	$96.4M	$278.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0700%	8h	0.000004820	+0.071%	$132.3M	$1.05B	75x	as long as short
Aevo 1000PEPE-PERPshort	+0.0704%	1h	0.000004806	−0.225%	$136K	—	3x
Aster 1000PEPEUSDT	+0.0705%	8h	0.000004820	+0.061%	$1.5M	$7.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0791%	1h	0.000004807	−0.204%	$81K	$94K	25x	as long as short
Nado kPEPE-PERP	+0.0835%	1h	0.000004817	+0.011%	$184K	$845K	10x	as long as short