Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.6% APRnext payment +$0.87 per $10,000 · paid last 24h −0.037%
Price spread now: Phemex against Paradex+0.014%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex kPEPE-USD-PERP0.0000050680.0495pay 0.0495% / 8h1h 32m$6K20x
ShortPhemex u1000PEPEUSDT0.0000050690.0582get 0.0582% / 8h1h 32m$2.4M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$18.36
Price spread: +0.014% → 0.000%
$1.38
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Phemex: 6 bp × 2 orders
−$12
Net
$3.74
Costs to cover
0.160%
Break-even
5.6 days
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Phemex live order book, 2 min ago4.72 bp22.7 bp −$23doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PEPE/USDC PERP−0.0016%1h0.000005077+0.170%$9K$120K12xas long as short
dYdX PEPE-USD0.0000%1h0.000005069+0.012%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005063−0.110%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005072+0.071%$59K$181K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005068−0.008%$99.0M$418.8M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005058−0.205%$161.2M$96.9M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005070+0.028%$25.7M$72.3M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005114+0.892%$611K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005128+1.168%$28K$542K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005076+0.154%$1K$2.7M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005080+0.219%$587K$4.2M75xas long as short
SoDEX 1000PEPE-USD+0.0147%1h0.000005069+0.012%$2K$11K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0188%1h0.000005132+1.255%$155K$822K25xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005066−0.043%$8K15xas long as short
Bitget PEPEUSDT+0.0291%8h0.000005067−0.024%$45.3M$215.5M75xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0343%1h0.000005066−0.047%$72K$127K25xas long as short
Backpack kPEPE_USDC_PERP+0.0388%1h0.000005068−0.010%$73K$859K15xas long as short
Orderly PERP_1000PEPE_USDC+0.0389%8h0.000005067−0.032%$33K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0409%8h0.000005070+0.032%$47.1M$719.7M50xas long as short
Kraken Futures PF_PEPEUSD+0.0461%1h0.000005066−0.041%$4.6M$16.5M50xas long as short
Paradex kPEPE-USD-PERPlong+0.0495%8h0.000005068long leg$6K20x
BloFin PEPE-USDT+0.0535%8h0.000005077+0.170%$4.5M$29.2M75xas long as short
Phemex u1000PEPEUSDTshort+0.0582%8h0.000005069+0.014%$2.4M$8.0M50x
Lighter 1000PEPE+0.0584%1h0.000005072+0.071%$604K$9.1M10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.000005064−0.087%$685K$38.3M50xas long as short
01 Exchange kPEPEUSD+0.0664%1h0.000005071+0.051%$612$3K10xas long as short
BingX 1000PEPE-USDT+0.0732%8h0.000005069+0.012%$217.7Mas long as short
MEXC PEPE_USDT+0.0765%8h0.000005067−0.034%$96.5M$304.3M300xas long as short
Binance 1000PEPEUSDT+0.0766%8h0.000005071+0.053%$139.2M$1.46B75xas long as short
Aster 1000PEPEUSDT+0.0766%8h0.000005073+0.095%$1.8M$11.7M50xas long as short
Extended 1000PEPE-USD+0.0768%1h0.000005067−0.022%$538K$279K25xas long as short
Aevo 1000PEPE-PERP+0.0768%1h0.000005070+0.032%$143K3xas long as short
Nado kPEPE-PERP+0.0777%1h0.000005067−0.021%$163K$959K10xas long as short
Hyperliquid kPEPE+0.0956%1h0.000005073+0.091%$52.9M$156.1M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1130% / S −0.2257%1h0.000005000−1.350%$63K100xas long as short