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−0.0190%/8h= −20.9% APRnext payment $1.90 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against Paradex−0.212%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
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BingX is 0.212% cheaper against Paradex than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex kPEPE-USD-PERP0.0000050500.0755pay 0.0755% / 8h5h 38m$6K20x
ShortBingX 1000PEPE-USDT0.0000050390.0565get 0.0565% / 8h5h 38m$260.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$40
Price spread: −0.212% → 0.000%
−$21.17
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$75.17
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; BingX: live order book, 16 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 BingX live order book, 16 min ago0.10 bp5.3 bp −$59.6 bp −$9616.0 bp −$1,60243.6 bp −$21.8K
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%1h0.000005046−0.061%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000005032−0.342%$15K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005058+0.167%$64K$136K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005035−0.289%$98.5M$334.1M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005035−0.289%$165.0M$74.0M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005037−0.243%$25.3M$62.1M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000005033−0.336%$46.2M$171.2M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005050−0.001%$680K$4.7Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005056+0.133%$27K$423K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005058+0.171%$2K$2.4M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005048−0.037%$575K$3.6M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005047−0.056%$8K15xas long as short
OKX PEPE-USDT-SWAP+0.0309%8h0.000005035−0.289%$45.9M$581.8M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0316%8h0.000005035−0.281%$33K$24K20xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0346%1h0.000005036−0.269%$61K$114K25xas long as short
BloFin PEPE-USDT+0.0424%8h0.000005043−0.131%$4.3M$25.1M75xas long as short
SoDEX 1000PEPE-USD+0.0557%1h0.000005040−0.190%$2K$12K10xas long as short
BingX 1000PEPE-USDTshort+0.0565%8h0.000005039−0.212%$260.8M
GMX PEPE/USD [ETH-USDC]L +0.0574% / S −0.0885%1h0.000005000−0.982%$49K100xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0576%1h0.000005053+0.068%$836K$31.0M50xas long as short
MEXC PEPE_USDT+0.0604%8h0.000005040−0.194%$95.9M$287.9M300xas long as short
Binance 1000PEPEUSDT+0.0605%8h0.000005041−0.178%$141.3M$1.20B75xas long as short
Extended 1000PEPE-USD+0.0608%1h0.000005038−0.226%$536K$221K25xas long as short
Aevo 1000PEPE-PERP+0.0608%1h0.000005036−0.269%$142K3xas long as short
Phemex u1000PEPEUSDT+0.0671%8h0.000005045−0.093%$2.4M$7.0M50xas long as short
Aster 1000PEPEUSDT+0.0700%8h0.000005049−0.006%$1.8M$9.0M50xas long as short
Paradex kPEPE-USD-PERPlong+0.0755%8h0.000005050long leg$6K20x
Nado kPEPE-PERP+0.0887%1h0.000005049−0.016%$184K$866K10xas long as short
Backpack kPEPE_USDC_PERP+0.0928%1h0.000005039−0.212%$98K$618K15xas long as short
Injective PEPE/USDC PERP+0.0973%1h0.000005105+1.097%$4K$102K12xas long as short
01 Exchange kPEPEUSD+0.0976%1h0.000005058+0.167%$610$3K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0992%1h0.000005065+0.305%$99K$752K25xas long as short
Kraken Futures PF_PEPEUSD+0.1381%1h0.000005039−0.210%$4.2M$15.1M50xas long as short
Lighter 1000PEPE+0.1472%1h0.000005062+0.246%$719K$8.0M10xas long as short
Hyperliquid kPEPE+0.1798%1h0.000005054+0.087%$55.6M$137.3M10xas long as short