PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0206%/8h= +22.6% APRnext payment +$2.06 per $10,000 · paid last 24h +0.037%

Price spread now: Paradex against Phemex−0.130%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Paradex

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

Funding pays, the price is against you. Paradex is 0.130% cheaper against Phemex than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.1 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex u1000PEPEUSDT	0.000005059	0.0362	pay 0.0362% / 8h	6h 20m	$2.4M	$7.0M	50x
Short	Paradex kPEPE-USD-PERP	0.000005052	0.0569	get 0.0569% / 8h	6h 20m	$6K	$16	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Phemex. 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 PhemexbpFee ParadexbpOrdersPrice spread, now −0.130%Rate

Funding earned: $43.36
Price spread: −0.130% → 0.000%: −$12.99
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $14.38
Costs to cover: 0.160%
Break-even: 4.7 days

Slippage unknown: Phemex: live order book, 3 min ago; Paradex: 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 Phemex live order book, 3 min ago	8.60 bp	21.8 bp −$22	30.3 bp −$303	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 34 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	0.000005049	−0.196%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005055	−0.073%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005055	−0.077%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005018	−0.801%	$97.5M	$323.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005033	−0.512%	$160.9M	$71.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005032	−0.534%	$25.2M	$60.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005022	−0.729%	$46.8M	$162.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005056	−0.066%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005055	−0.080%	$34K	$414K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005067	+0.152%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005065	+0.117%	$568K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005062	+0.071%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0233%	8h	0.000005020	−0.769%	$44.9M	$565.0M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0279%	8h	0.000005057	−0.043%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0296%	1h	0.000005053	−0.117%	$106K	$746K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0344%	1h	0.000005057	−0.038%	$61K	$114K	25x	as long as short
Phemex u1000PEPEUSDTlong	+0.0362%	8h	0.000005059	long leg	$2.4M	$7.0M	50x
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005059	+0.002%	$727K	$29.7M	50x	as long as short
BingX 1000PEPE-USDT	+0.0497%	8h	0.000005025	−0.670%	—	$259.0M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0514% / S −0.0540%	1h	0.000005000	−1.164%	$56K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0520%	1h	0.000005037	−0.442%	$554K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0520%	1h	0.000005058	−0.018%	$143K	—	3x	as long as short
MEXC PEPE_USDT	+0.0523%	8h	0.000005033	−0.520%	$94.3M	$290.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0523%	8h	0.000005029	−0.587%	$141.7M	$1.17B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0553%	1h	0.000005055	−0.077%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0569%	8h	0.000005052	−0.130%	$6K	$16	20x
Aster 1000PEPEUSDT	+0.0621%	8h	0.000005045	−0.269%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0639%	1h	0.000005064	+0.104%	$182K	$881K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0824%	1h	0.000005053	−0.116%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+0.773%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0931%	1h	0.000005050	−0.168%	$100K	$617K	15x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005064	+0.101%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1592%	1h	0.000005062	+0.061%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2176%	1h	0.000005054	−0.097%	$55.7M	$135.9M	10x	as long as short