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

PEPE

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0198%/8h= −21.6% APRpaid last 24h −0.067%
Price spread now: edgeX against Paradex−0.023%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 · edgeX: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.023% cheaper against Paradex than usual: you would sell low and buy high (−$2 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-PERP0.0000049960.0298pay 0.0298% / 8h7h 03m$6K20x
ShortedgeX 1000PEPEUSDC0.0000049940.0100get 0.0050% / 4h3h 03m$27K$568K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
−$41.5
Price spread: −0.023% → 0.000%
−$2.29
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$56.79
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 30 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 edgeX live order book, 30 min ago1.28 bp5.9 bp −$68.4 bp −$84doesn'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 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
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004989−0.125%$3K150xas long as short
Pacifica kPEPE+0.0100%1h0.000004995−0.011%$57K$197K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004992−0.069%$96.3M$447.3M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004994−0.031%$159.4M$103.5M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005002+0.123%$652K$5.4Mas long as short
edgeX 1000PEPEUSDCshort+0.0100%4h0.000004994−0.023%$27K$568K20x
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004990−0.111%$145K$846K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004999+0.063%$2K$2.7M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004992−0.071%$2K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004993−0.055%$583K$4.2M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PEPEUSDTM+0.0132%8h0.000004996+0.003%$25.6M$75.9M75xas long as short
Bitget PEPEUSDT+0.0139%8h0.000004991−0.087%$44.4M$225.6M75xas long as short
Injective PEPE/USDC PERP+0.0147%1h0.000005001+0.109%$6K$121K12xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0151%1h0.000004991−0.091%$57K$139K25xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004993−0.045%$8K15xas long as short
Lighter 1000PEPE+0.0272%1h0.000004997+0.029%$590K$9.1M10xas long as short
OKX PEPE-USDT-SWAP+0.0284%8h0.000004991−0.091%$45.6M$741.1M50xas long as short
Hyperliquid kPEPE+0.0291%1h0.000004996+0.009%$51.5M$161.6M10xas long as short
Paradex kPEPE-USD-PERPlong+0.0298%8h0.000004996long leg$6K20x
Phemex u1000PEPEUSDT+0.0323%8h0.000005001+0.103%$2.3M$8.0M50xas long as short
Backpack kPEPE_USDC_PERP+0.0336%1h0.000004998+0.051%$67K$959K15xas long as short
BloFin PEPE-USDT+0.0407%8h0.000004993−0.051%$4.4M$30.0M75xas long as short
01 Exchange kPEPEUSD+0.0424%1h0.000004997+0.029%$603$2K10xas long as short
Orderly PERP_1000PEPE_USDC+0.0433%8h0.000004993−0.059%$32K$31K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0504%1h0.000004998+0.049%$666K$39.4M50xas long as short
Nado kPEPE-PERP+0.0568%1h0.0000049960.000%$152K$950K10xas long as short
MEXC PEPE_USDT+0.0574%8h0.000005001+0.109%$99.4M$313.7M300xas long as short
Binance 1000PEPEUSDT+0.0574%8h0.000004999+0.071%$131.9M$1.55B75xas long as short
Extended 1000PEPE-USD+0.0576%1h0.000004992−0.078%$525K$286K25xas long as short
Aevo 1000PEPE-PERP+0.0576%1h0.000004995−0.011%$141K3xas long as short
BingX 1000PEPE-USDC+0.0588%8h0.000004994−0.023%$2.3Mas long as short
Aster 1000PEPEUSDT+0.0593%8h0.000004999+0.070%$1.8M$12.3M50xas long as short
Kraken Futures PF_PEPEUSD+0.0635%1h0.000004992−0.074%$4.6M$17.1M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0926% / S −0.1034%1h0.000004000−19.929%$50K100xas long as short
dYdX PEPE-USD+0.4842%1h0.000004992−0.070%$25K$12K10xas long as short