Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0282%/8h= +30.9% APRpaid last 24h +0.056%

Price spread now: Nado against Paradex−0.021%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 Nado

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 · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.021% cheaper against Paradex than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 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	0.000005068	0.0495	pay 0.0495% / 8h	1h 32m	$6K	—	20x
Short	Nado kPEPE-PERP	0.000005067	0.0777	get 0.0097% / 1h	32m 07s	$163K	$959K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.021%Rate

Funding earned: $59.19
Price spread: −0.021% → 0.000%: −$2.12
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $46.06
Costs to cover: 0.110%
Break-even: 1.6 days

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 11 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 Nado live order book, 11 min ago	2.90 bp	9.9 bp −$10	27.5 bp −$275	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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005077	+0.170%	$9K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005069	+0.012%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005063	−0.110%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005072	+0.071%	$59K	$181K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005068	−0.008%	$99.0M	$418.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005058	−0.205%	$161.2M	$96.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005070	+0.028%	$25.7M	$72.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005114	+0.892%	$611K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005128	+1.168%	$28K	$542K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005076	+0.154%	$1K	$2.7M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005080	+0.219%	$587K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0147%	1h	0.000005069	+0.012%	$2K	$11K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0188%	1h	0.000005132	+1.255%	$155K	$822K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005066	−0.043%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0291%	8h	0.000005067	−0.024%	$45.3M	$215.5M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0343%	1h	0.000005066	−0.047%	$72K	$127K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0388%	1h	0.000005068	−0.010%	$73K	$859K	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0389%	8h	0.000005067	−0.032%	$33K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0409%	8h	0.000005070	+0.032%	$47.1M	$719.7M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0461%	1h	0.000005066	−0.041%	$4.6M	$16.5M	50x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0495%	8h	0.000005068	long leg	$6K	—	20x
BloFin PEPE-USDT	+0.0535%	8h	0.000005077	+0.170%	$4.5M	$29.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0582%	8h	0.000005069	+0.014%	$2.4M	$8.0M	50x	as long as short
Lighter 1000PEPE	+0.0584%	1h	0.000005072	+0.071%	$604K	$9.1M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005064	−0.087%	$685K	$38.3M	50x	as long as short
01 Exchange kPEPEUSD	+0.0664%	1h	0.000005071	+0.051%	$612	$3K	10x	as long as short
BingX 1000PEPE-USDT	+0.0732%	8h	0.000005069	+0.012%	—	$217.7M	—	as long as short
MEXC PEPE_USDT	+0.0765%	8h	0.000005067	−0.034%	$96.5M	$304.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0766%	8h	0.000005071	+0.053%	$139.2M	$1.46B	75x	as long as short
Aster 1000PEPEUSDT	+0.0766%	8h	0.000005073	+0.095%	$1.8M	$11.7M	50x	as long as short
Extended 1000PEPE-USD	+0.0768%	1h	0.000005067	−0.022%	$538K	$279K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0768%	1h	0.000005070	+0.032%	$143K	—	3x	as long as short
Nado kPEPE-PERPshort	+0.0777%	1h	0.000005067	−0.021%	$163K	$959K	10x
Hyperliquid kPEPE	+0.0956%	1h	0.000005073	+0.091%	$52.9M	$156.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1130% / S −0.2257%	1h	0.000005000	−1.350%	$63K	—	100x	as long as short