Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0118%/8h= −13.0% APRpaid last 24h +0.003%

Price spread now: Paradex against SoDEX+0.383%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Paradex

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

The price spread pays, funding is against you. Paradex is 0.383% dearer against SoDEX than usual: you sell high and buy low (spread +0.383% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000005001	0.0552	pay 0.0069% / 1h	44m 45s	$2K	$12K	10x
Short	Paradex kPEPE-USD-PERP	0.000005020	0.0434	get 0.0434% / 8h	6h 44m	$6K	$16	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SoDEX. 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 SoDEXbpFee ParadexbpOrdersPrice spread, now +0.383%Rate

Funding earned: −$24.86
Price spread: +0.383% → 0.000%: $38.27
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $1.41
Costs to cover: 0.120%
Break-even: from the start

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

SoDEX and 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
dYdX PEPE-USD	0.0000%	1h	0.000005009	+0.154%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004997	−0.082%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005012	+0.220%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005009	+0.166%	$96.8M	$319.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005004	+0.060%	$159.1M	$69.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005018	+0.336%	$25.1M	$59.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005016	+0.302%	$44.5M	$158.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005015	+0.274%	$559K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005028	+0.539%	$46K	$388K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005008	+0.132%	$2K	$2.5M	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	0.000005004	+0.058%	$557K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004996	−0.108%	$2.4M	$6.8M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0158%	1h	0.000005031	+0.600%	$107K	$752K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005002	+0.012%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0208%	8h	0.000005021	+0.400%	$44.4M	$556.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0275%	8h	0.000005001	−0.008%	$33K	$23K	20x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	+0.140%	$4.2M	$24.6M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005009	+0.160%	$646K	$28.7M	50x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0434%	8h	0.000005020	+0.383%	$6K	$16	20x
BingX 1000PEPE-USDT	+0.0457%	8h	0.000005012	+0.220%	—	$258.1M	—	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005004	+0.060%	$141K	—	3x	as long as short
Extended 1000PEPE-USD	+0.0488%	1h	0.000005009	+0.154%	$552K	$199K	25x	as long as short
MEXC PEPE_USDT	+0.0488%	8h	0.000005018	+0.346%	$95.0M	$288.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0489%	8h	0.000005016	+0.292%	$140.2M	$1.16B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0505% / S −0.0411%	1h	0.000004000	−20.016%	$62K	—	100x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0550%	1h	0.000005001	0.000%	$61K	$114K	25x	as long as short
SoDEX 1000PEPE-USDlong	+0.0552%	1h	0.000005001	long leg	$2K	$12K	10x
Aster 1000PEPEUSDT	+0.0566%	8h	0.000005009	+0.167%	$1.7M	$8.0M	50x	as long as short
Nado kPEPE-PERP	+0.0628%	1h	0.000005001	+0.003%	$177K	$883K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0833%	1h	0.000005001	+0.005%	$3.9M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0862%	1h	0.000005005	+0.086%	$102K	$625K	15x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005035	+0.680%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005007	+0.120%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1248%	1h	0.000005017	+0.320%	$649K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2497%	1h	0.000005021	+0.400%	$55.5M	$134.9M	10x	as long as short