Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h −0.040%

Price spread now: Pacifica against Paradex+0.054%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Pacifica

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 · Pacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Pacifica is 0.054% dearer against Paradex than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000005055	0.0259	pay 0.0259% / 8h	7h 13m	$6K	$16	20x
Short	Pacifica kPEPE	0.000005058	0.0100	get 0.0013% / 1h	13m 24s	$59K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.054%Rate

Funding earned: −$33.44
Price spread: +0.054% → 0.000%: $5.36
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$40.08
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 59 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 Pacifica live order book, 59 min ago	7.41 bp	13.0 bp −$13	21.4 bp −$214	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
Kraken Futures PF_PEPEUSD	−0.0116%	1h	0.000005030	−0.494%	$3.9M	$14.3M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005055	+0.004%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005032	−0.471%	$15K	—	150x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000005058	+0.054%	$59K	$120K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005034	−0.421%	$94.8M	$309.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005030	−0.500%	$161.4M	$68.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005042	−0.263%	$25.7M	$57.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005036	−0.384%	$44.7M	$154.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005052	−0.071%	$591K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005071	+0.313%	$53K	$381K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005043	−0.249%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005033	−0.441%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005064	+0.180%	$570K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005042	−0.269%	$2.4M	$6.7M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005029	−0.529%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0195%	8h	0.000005037	−0.362%	$44.7M	$543.6M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0209%	1h	0.000005072	+0.331%	$105K	$750K	25x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0259%	8h	0.000005055	long leg	$6K	$16	20x
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000005036	−0.372%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0313%	8h	0.000005087	+0.627%	$4.2M	$24.4M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0346%	1h	0.000005034	−0.421%	$61K	$114K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000005036	−0.382%	$676K	$27.7M	50x	as long as short
BingX 1000PEPE-USDT	+0.0457%	8h	0.000005035	−0.407%	—	$257.6M	—	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005035	−0.402%	$555K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005013	−0.837%	$142K	—	3x	as long as short
MEXC PEPE_USDT	+0.0483%	8h	0.000005031	−0.475%	$98.7M	$290.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0483%	8h	0.000005037	−0.367%	$139.7M	$1.12B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0491% / S −0.0470%	1h	0.000005000	−1.094%	$58K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0537%	8h	0.000005047	−0.168%	$1.5M	$7.5M	50x	as long as short
Nado kPEPE-PERP	+0.0544%	1h	0.000005033	−0.433%	$189K	$863K	10x	as long as short
Lighter 1000PEPE	+0.0552%	1h	0.000005065	+0.192%	$664K	$6.8M	10x	as long as short
01 Exchange kPEPEUSD	+0.0592%	1h	0.000005049	−0.124%	$1K	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0605%	1h	0.000005046	−0.180%	$96K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005070	+0.291%	$4K	$102K	12x	as long as short
Hyperliquid kPEPE	+0.1858%	1h	0.000005060	+0.093%	$57.2M	$131.1M	10x	as long as short