Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0129%/8h= +14.1% APRpaid last 24h +0.021%

Price spread now: GMX against Paradex−1.783%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 1.783% cheaper against Paradex than usual: you would sell low and buy high (spread −1.783% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$178 on $10k: about 46 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000005091	0.0792	pay 0.0792% / 8h	4h 43m	$6K	—	20x
Short	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.0669% / S −0.0920%	get 0.0115% / 1h	43m 24s	$46K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −1.783%Rate

Funding earned: $27.02
Price spread: −1.783% → 0.000%: −$178.26
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$167.24
Costs to cover: 0.160%
Break-even: 50.3 days

Slippage unknown: Paradex: no order-book sample; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex and GMX: 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	0.000005086	−0.092%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005083	−0.148%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005094	+0.064%	$65K	$140K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005085	−0.113%	$99.6M	$345.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005090	−0.015%	$167.8M	$76.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005090	−0.025%	$26.2M	$63.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005034	−1.123%	$675K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005021	−1.377%	$31K	$452K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005099	+0.170%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005083	−0.144%	$580K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0168%	8h	0.000005087	−0.078%	$46.4M	$174.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005090	−0.009%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	−0.918%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0332%	8h	0.000005087	−0.074%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0361%	8h	0.000005084	−0.133%	$45.7M	$600.9M	50x	as long as short
BloFin PEPE-USDT	+0.0482%	8h	0.000005085	−0.113%	$4.4M	$25.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0605%	8h	0.000005087	−0.082%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDT	+0.0635%	8h	0.000005090	−0.023%	—	$261.7M	—	as long as short
ApeX Omni 1000PEPEUSDT	+0.0663%	1h	0.000005050	−0.800%	$100K	$742K	25x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0669% / S −0.0920%	1h	0.000005000	−1.783%	$46K	—	100x
SoDEX 1000PEPE-USD	+0.0671%	1h	0.000005087	−0.074%	$2K	$12K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0672%	1h	0.000005084	−0.133%	$144K	—	3x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005099	+0.162%	$981K	$32.2M	50x	as long as short
MEXC PEPE_USDT	+0.0676%	8h	0.000005097	+0.115%	$93.5M	$287.3M	300x	as long as short
Extended 1000PEPE-USD	+0.0680%	1h	0.000005086	−0.102%	$538K	$226K	25x	as long as short
Binance 1000PEPEUSDT	+0.0681%	8h	0.000005094	+0.056%	$143.5M	$1.22B	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0734%	1h	0.000005085	−0.113%	$72K	$124K	25x	as long as short
Aster 1000PEPEUSDT	+0.0770%	8h	0.000005099	+0.162%	$1.8M	$9.2M	50x	as long as short
Nado kPEPE-PERP	+0.0780%	1h	0.000005092	+0.031%	$193K	$877K	10x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0792%	8h	0.000005091	long leg	$6K	—	20x
Backpack kPEPE_USDC_PERP	+0.0850%	1h	0.000005083	−0.144%	$99K	$644K	15x	as long as short
Lighter 1000PEPE	+0.0928%	1h	0.000005088	−0.054%	$582K	$8.2M	10x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005103	+0.241%	$616	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1281%	1h	0.000005085	−0.121%	$4.4M	$15.5M	50x	as long as short
Hyperliquid kPEPE	+0.1463%	1h	0.000005096	+0.103%	$54.6M	$140.2M	10x	as long as short