Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.043%

Price spread now: Extended against Paradex−0.081%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.081% cheaper against Paradex than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 24 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000005007	0.0335	pay 0.0335% / 8h	7h 11m	$6K	—	20x
Short	Extended 1000PEPE-USD	0.000005003	0.0608	get 0.0076% / 1h	11m 15s	$525K	$286K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.081%Rate

Funding earned: $57.29
Price spread: −0.081% → 0.000%: −$8.11
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $40.18
Costs to cover: 0.090%
Break-even: 2.1 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 21 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 Extended live order book, 21 min ago	2.97 bp	7.7 bp −$8	46.4 bp −$464	doesn't fit	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
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005000	−0.132%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005008	+0.028%	$57K	$195K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005002	−0.092%	$97.1M	$447.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005004	−0.052%	$160.0M	$103.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005037	+0.602%	$664K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005032	+0.514%	$28K	$568K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005008	+0.032%	$1K	$2.7M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005007	+0.008%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005010	+0.058%	$585K	$4.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0146%	8h	0.000005008	+0.034%	$25.6M	$75.9M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	+0.0147%	1h	0.000005001	−0.112%	$6K	$121K	12x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0149%	1h	0.000005005	−0.032%	$147K	$845K	25x	as long as short
Bitget PEPEUSDT	+0.0160%	8h	0.000005003	−0.070%	$44.7M	$226.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005008	+0.034%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0304%	8h	0.000005003	−0.072%	$45.9M	$743.5M	50x	as long as short
Hyperliquid kPEPE	+0.0332%	1h	0.000005004	−0.052%	$51.6M	$161.8M	10x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0335%	8h	0.000005007	long leg	$6K	—	20x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0350%	1h	0.000005006	−0.012%	$57K	$139K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0351%	8h	0.000005012	+0.116%	$2.3M	$8.1M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0364%	1h	0.000005003	−0.064%	$67K	$957K	15x	as long as short
Lighter 1000PEPE	+0.0376%	1h	0.000005008	+0.028%	$593K	$9.1M	10x	as long as short
BloFin PEPE-USDT	+0.0427%	8h	0.000005009	+0.048%	$4.4M	$30.1M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0436%	8h	0.000005002	−0.086%	$32K	$30K	20x	as long as short
01 Exchange kPEPEUSD	+0.0464%	1h	0.000004999	−0.152%	$603	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000005005	−0.032%	$684K	$39.8M	50x	as long as short
Nado kPEPE-PERP	+0.0603%	1h	0.000005005	−0.040%	$153K	$950K	10x	as long as short
Binance 1000PEPEUSDT	+0.0605%	8h	0.000005012	+0.098%	$132.6M	$1.55B	75x	as long as short
Extended 1000PEPE-USDshort	+0.0608%	1h	0.000005003	−0.081%	$525K	$286K	25x
Aevo 1000PEPE-PERP	+0.0608%	1h	0.000005000	−0.132%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0612%	8h	0.000005010	+0.068%	$99.7M	$312.8M	300x	as long as short
BingX 1000PEPE-USDC	+0.0612%	8h	0.000005004	−0.052%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0628%	8h	0.000005009	+0.057%	$1.7M	$12.2M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0633%	1h	0.000005005	−0.030%	$4.6M	$17.2M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0971% / S −0.1091%	1h	0.000004000	−20.106%	$50K	—	100x	as long as short
dYdX PEPE-USD	+0.4204%	1h	0.000005002	−0.098%	$25K	$12K	10x	as long as short