PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.78 per $10,000 · paid last 24h −0.043%

Price spread now: KuCoin against Paradex−0.120%47s7-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 KuCoin

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.120% cheaper against Paradex than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000004744	0.0178	pay 0.0178% / 8h	22m 58s	$5K	$16	20x
Short	KuCoin PEPEUSDTM	0.000004738	0.0100	get 0.0100% / 8h	22m 58s	$24.2M	$54.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$16.3
Price spread: −0.120% → 0.000%: −$11.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.25
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; KuCoin: 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 KuCoin live order book, 6 min ago	0.63 bp	14.0 bp −$14	22.4 bp −$224	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
Hyperliquid kPEPE	−0.0199%	1h	0.000004744	+0.007%	$66.7M	$93.5M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004740	−0.085%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004743	−0.023%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004752	+0.184%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004741	−0.056%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004736	−0.162%	$85.9M	$291.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004737	−0.141%	$148.9M	$64.7M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000004738	−0.120%	$24.2M	$54.5M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000004737	−0.136%	$41.8M	$150.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004753	+0.196%	$536K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004750	+0.125%	$25K	$349K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004745	+0.028%	$99K	$754K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004754	+0.214%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004752	+0.176%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004750	+0.136%	$534K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0112%	1h	0.000004754	+0.218%	$581K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0178%	8h	0.000004744	long leg	$5K	$16	20x
Phemex u1000PEPEUSDT	+0.0184%	8h	0.000004758	+0.298%	$2.3M	$6.5M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004747	+0.066%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0200%	8h	0.000004738	−0.120%	$41.1M	$493.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.0272%	1h	0.000004745	+0.028%	$544	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0322%	8h	0.000004749	+0.112%	$3.9M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0379%	8h	0.000004751	+0.144%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0382% / S −0.0344%	1h	0.000004000	−15.677%	$46K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004745	+0.028%	$560K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004755	+0.239%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0573%	1h	0.000004754	+0.220%	$90K	$602K	15x	as long as short
Aster 1000PEPEUSDT	+0.0595%	8h	0.000004739	−0.092%	$1.5M	$7.3M	50x	as long as short
BingX 1000PEPE-USDC	+0.0598%	8h	0.000004737	−0.132%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0599%	8h	0.000004738	−0.109%	$130.6M	$1.06B	75x	as long as short
Extended 1000PEPE-USD	+0.0600%	1h	0.000004737	−0.138%	$521K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0605%	8h	0.000004740	−0.079%	$88.3M	$281.8M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0608%	1h	0.000004747	+0.070%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0662%	1h	0.000004745	+0.028%	$181K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1014%	1h	0.000004752	+0.176%	$76K	$98K	25x	as long as short