PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0425%/8h= −46.5% APRnext payment −$4.25 per $10,000 · paid last 24h −0.044%

Price spread now: Bybit against Paradex+0.066%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bybit

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

The price spread pays, funding is against you. Bybit is 0.066% dearer against Paradex than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000005141	0.0525	pay 0.0525% / 8h	3h 08m	$6K	—	20x
Short	Bybit 1000PEPEUSDT	0.000005145	0.0100	get 0.0100% / 8h	3h 08m	$104.3M	$387.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$89.27
Price spread: +0.066% → 0.000%: $6.63
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$97.64
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 6 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 Bybit live order book, 6 min ago	0.96 bp	10.7 bp −$11	16.0 bp −$160	35.5 bp −$3,545	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
dYdX PEPE-USD	0.0000%	1h	0.000005146	+0.093%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005142	+0.010%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+3.612%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005151	+0.189%	$65K	$164K	10x	as long as short
Bybit 1000PEPEUSDTshort	+0.0100%	8h	0.000005145	+0.066%	$104.3M	$387.2M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000005144	+0.053%	$169.7M	$89.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005144	+0.051%	$25.7M	$68.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005209	+1.308%	$661K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005220	+1.536%	$29K	$534K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005155	+0.274%	$1K	$2.6M	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	0.000005143	+0.033%	$577K	$4.0M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005149	+0.141%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0334%	8h	0.000005144	+0.059%	$49.4M	$192.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0404%	8h	0.000005145	+0.078%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0419%	8h	0.000005149	+0.150%	$49.2M	$672.5M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0487%	1h	0.000005149	+0.150%	$2K	$10K	10x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0525%	8h	0.000005141	long leg	$6K	—	20x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0528%	1h	0.000005145	+0.072%	$73K	$127K	25x	as long as short
BloFin PEPE-USDT	+0.0550%	8h	0.000005168	+0.520%	$4.8M	$28.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0702%	8h	0.000005150	+0.164%	$2.4M	$7.7M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005152	+0.208%	$703K	$36.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0778%	8h	0.000005148	+0.129%	—	$2.3M	—	as long as short
ApeX Omni 1000PEPEUSDT	+0.0819%	1h	0.000005224	+1.609%	$161K	$809K	25x	as long as short
Extended 1000PEPE-USD	+0.0824%	1h	0.000005149	+0.147%	$544K	$242K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0824%	1h	0.000005160	+0.364%	$146K	—	3x	as long as short
MEXC PEPE_USDT	+0.0825%	8h	0.000005150	+0.175%	$96.1M	$297.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0826%	8h	0.000005150	+0.167%	$148.2M	$1.35B	75x	as long as short
Nado kPEPE-PERP	+0.0890%	1h	0.000005143	+0.039%	$177K	$924K	10x	as long as short
Aster 1000PEPEUSDT	+0.0909%	8h	0.000005151	+0.180%	$1.8M	$10.5M	50x	as long as short
01 Exchange kPEPEUSD	+0.0984%	1h	0.000005142	+0.014%	$620	$3K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1005% / S −0.2036%	1h	0.000005000	−2.748%	$63K	—	100x	as long as short
Lighter 1000PEPE	+0.1096%	1h	0.000005150	+0.169%	$634K	$8.9M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1130%	1h	0.000005149	+0.142%	$67K	$724K	15x	as long as short
Hyperliquid kPEPE	+0.1466%	1h	0.000005148	+0.131%	$55.8M	$146.4M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1587%	1h	0.000005146	+0.083%	$4.7M	$16.5M	50x	as long as short