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

PEPE

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0339%/8h= −37.1% APRpaid last 24h −0.061%
Price spread now: dYdX against Paradex−0.087%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 −$10 a day on $10k at the current rate, and dYdX is 0.087% cheaper against Paradex than usual: you would sell low and buy high (−$9 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-PERP0.0000048170.0339pay 0.0339% / 8h1h 26m$5K$1620x
ShortdYdX PEPE-USD0.0000048120get 0.0000% / 1h26m 55s$18K$9510x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$71.1
Price spread: −0.087% → 0.000%
−$8.69
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$93.79
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell dYdX no order-book sample
Paradex and dYdX: 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-USDshort0.0000%1h0.000004812−0.087%$18K$9510x
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004814−0.051%$14K150xas long as short
Lighter 1000PEPE+0.0096%1h0.000004825+0.175%$573K$5.6M10xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004817+0.009%$62.6M$80.0M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004818+0.030%$60K$113K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004815−0.034%$87.3M$281.2M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004815−0.032%$149.9M$63.0M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004818+0.024%$24.8M$54.0M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004818+0.028%$574K$4.0Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004819+0.049%$27K$342K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX 1000PEPE-USDT+0.0100%8h0.000004827+0.223%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004822+0.113%$3K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004817+0.007%$543K$3.5M75xas long as short
Bitget PEPEUSDT+0.0140%8h0.000004817−0.001%$42.4M$151.9M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004816−0.003%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0205%8h0.000004817+0.009%$41.9M$492.5M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0212% / S −0.0091%1h0.000004000−16.953%$54K100xas long as short
BloFin PEPE-USDT+0.0323%8h0.000004823+0.134%$3.9M$22.2M75xas long as short
Paradex kPEPE-USD-PERPlong+0.0339%8h0.000004817long leg$5K$1620x
Phemex u1000PEPEUSDT+0.0375%8h0.000004828+0.231%$2.3M$6.4M50xas long as short
01 Exchange kPEPEUSD+0.0432%1h0.000004820+0.071%$552$2K10xas long as short
Orderly PERP_1000PEPE_USDC+0.0446%8h0.000004824+0.157%$29K$11K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0448%1h0.000004822+0.113%$600K$25.7M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0580%1h0.000004821+0.092%$81K$94K25xas long as short
ApeX Omni 1000PEPEUSDT+0.0596%1h0.000004818+0.030%$102K$763K25xas long as short
Backpack kPEPE_USDC_PERP+0.0597%1h0.000004821+0.092%$92K$615K15xas long as short
Nado kPEPE-PERP+0.0744%1h0.000004820+0.081%$186K$855K10xas long as short
BingX 1000PEPE-USDC+0.0799%8h0.000004821+0.094%$2.3Mas long as short
Extended 1000PEPE-USD+0.0800%1h0.000004815−0.022%$529K$148K25xas long as short
Aevo 1000PEPE-PERP+0.0800%1h0.000004824+0.154%$136K3xas long as short
Binance 1000PEPEUSDT+0.0803%8h0.000004818+0.032%$130.6M$1.04B75xas long as short
MEXC PEPE_USDT+0.0806%8h0.000004819+0.049%$91.6M$284.4M300xas long as short
Aster 1000PEPEUSDT+0.0824%8h0.000004824+0.157%$1.5M$7.1M50xas long as short
Injective PEPE/USDC PERP+0.0873%1h0.000004833+0.341%$4K$103K12xas long as short
Kraken Futures PF_PEPEUSD+0.1323%1h0.000004820+0.081%$3.9M$13.3M50xas long as short