Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0204%/8h= +22.4% APRpaid last 24h −0.003%

Price spread now: SoDEX against Paradex−0.062%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 SoDEX

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. SoDEX is 0.062% cheaper against Paradex than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 24 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000005026	0.0395	pay 0.0395% / 8h	6h 47m	$6K	$16	20x
Short	SoDEX 1000PEPE-USD	0.000005023	0.0599	get 0.0075% / 1h	47m 42s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $42.88
Price spread: −0.062% → 0.000%: −$6.21
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $24.67
Costs to cover: 0.120%
Break-even: 3.0 days

Slippage unknown: Paradex: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Paradex and SoDEX: 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	0.000005017	−0.188%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005008	−0.353%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	+0.018%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005023	−0.068%	$96.9M	$319.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005028	+0.037%	$159.8M	$69.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005032	+0.111%	$25.3M	$59.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005028	+0.037%	$44.6M	$158.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004998	−0.565%	$557K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004981	−0.898%	$46K	$387K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004999	−0.540%	$106K	$751K	25x	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	0.000005032	+0.109%	$2K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005022	−0.082%	$559K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005031	+0.093%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005013	−0.256%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000005030	+0.077%	$44.4M	$557.0M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000005026	−0.008%	$33K	$22K	20x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	−0.361%	$4.2M	$24.6M	75x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0395%	8h	0.000005026	long leg	$6K	$16	20x
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005015	−0.221%	$660K	$28.7M	50x	as long as short
BingX 1000PEPE-USDT	+0.0450%	8h	0.000005031	+0.097%	—	$258.0M	—	as long as short
MEXC PEPE_USDT	+0.0479%	8h	0.000005035	+0.181%	$95.9M	$288.0M	300x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005034	+0.154%	$552K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005027	+0.018%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0481%	8h	0.000005034	+0.155%	$139.5M	$1.16B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0505% / S −0.0410%	1h	0.000005000	−0.520%	$63K	—	100x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0547%	1h	0.000005023	−0.062%	$61K	$114K	25x	as long as short
Aster 1000PEPEUSDT	+0.0561%	8h	0.000005030	+0.084%	$1.7M	$8.0M	50x	as long as short
SoDEX 1000PEPE-USDshort	+0.0599%	1h	0.000005023	−0.062%	$2K	$12K	10x
Nado kPEPE-PERP	+0.0610%	1h	0.000005015	−0.216%	$177K	$883K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0829%	1h	0.000005024	−0.049%	$3.9M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0850%	1h	0.000005036	+0.203%	$101K	$624K	15x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005024	−0.042%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0936%	1h	0.000005034	+0.157%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1168%	1h	0.000005027	+0.018%	$646K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2577%	1h	0.000005039	+0.256%	$55.6M	$134.8M	10x	as long as short