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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.71 per $10,000 · paid last 24h +0.065%
Price spread now: Aster against Paradex+0.055%7-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 · Aster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.055% dearer against Paradex than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex kPEPE-USD-PERP0.0000050500.0539pay 0.0539% / 8h6h 28m$6K$1620x
ShortAster 1000PEPEUSDT0.0000050520.0609get 0.0609% / 8h6h 28m$1.7M$8.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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

Funding earned
$14.83
Price spread: +0.055% → 0.000%
$5.51
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Aster: 4 bp × 2 orders
−$8
Net
$8.33
Costs to cover
0.120%
Break-even
3.1 days
Slippage unknown: Paradex: no order-book sample; Aster: live order book, 5 min ago. 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 Paradex no order-book sample
Sell Aster live order book, 5 min ago1.39 bp6.5 bp −$610.0 bp −$100doesn't fitdoesn'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 34 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%1h0.000005042−0.155%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000005047−0.051%$14K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005050+0.010%$61K$125K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005047−0.048%$98.2M$321.7M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005045−0.089%$161.1M$70.6M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005048−0.032%$24.9M$60.0M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000005048−0.024%$46.4M$159.9M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005030−0.392%$565K$4.5Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005036−0.262%$27K$409K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005049−0.020%$1K$2.4M20xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005063+0.273%$571K$3.6M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005058+0.168%$8K15xas long as short
Phemex u1000PEPEUSDT+0.0209%8h0.000005050+0.002%$2.4M$6.8M50xas long as short
OKX PEPE-USDT-SWAP+0.0226%8h0.000005051+0.030%$44.7M$564.5M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0277%8h0.000005049−0.012%$33K$23K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0340%1h0.000005036−0.267%$106K$746K25xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0345%1h0.000005048−0.030%$61K$114K25xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0424%1h0.000005058+0.168%$647K$29.2M50xas long as short
BingX 1000PEPE-USDT+0.0482%8h0.000005047−0.053%$258.7Mas long as short
GMX PEPE/USD [ETH-USDC]L +0.0507% / S −0.0412%1h0.000005000−0.980%$63K100xas long as short
MEXC PEPE_USDT+0.0511%8h0.000005049−0.016%$95.2M$289.9M300xas long as short
Extended 1000PEPE-USD+0.0512%1h0.000005049−0.007%$554K$199K25xas long as short
Aevo 1000PEPE-PERP+0.0512%1h0.000005049−0.010%$143K3xas long as short
Binance 1000PEPEUSDT+0.0518%8h0.000005049−0.004%$142.4M$1.16B75xas long as short
Paradex kPEPE-USD-PERPlong+0.0539%8h0.000005050long leg$6K$1620x
Nado kPEPE-PERP+0.0599%1h0.000005058+0.168%$178K$878K10xas long as short
Aster 1000PEPEUSDTshort+0.0609%8h0.000005052+0.055%$1.7M$8.1M50x
SoDEX 1000PEPE-USD+0.0618%1h0.000005044−0.109%$2K$12K10xas long as short
Kraken Futures PF_PEPEUSD+0.0826%1h0.000005039−0.207%$4.0M$14.5M50xas long as short
Injective PEPE/USDC PERP+0.0909%1h0.000005061+0.228%$4K$102K12xas long as short
Backpack kPEPE_USDC_PERP+0.0918%1h0.000005049−0.014%$102K$616K15xas long as short
01 Exchange kPEPEUSD+0.0992%1h0.000005074+0.485%$1K$2K10xas long as short
Lighter 1000PEPE+0.1440%1h0.000005060+0.208%$1.1M$7.4M10xas long as short
Hyperliquid kPEPE+0.2244%1h0.000005056+0.129%$55.7M$135.6M10xas long as short