Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.012%

Price spread now: Paradex against Aevo−0.164%7-day average — · you buy dearer than you sell

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

Long on Aevo 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.164% cheaper against Aevo than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000004996	0.0472	pay 0.0059% / 1h	1m 20s	$141K	—	3x
Short	Paradex kPEPE-USD-PERP	0.000004988	0.0309	get 0.0309% / 8h	7h 01m	$6K	$16	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now −0.164%Rate

Funding earned: −$34.27
Price spread: −0.164% → 0.000%: −$16.41
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$70.68
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 7 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 Aevo live order book, 7 min ago	440.51 bp	1030.3 bp −$1,030	doesn't fit	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 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	−0.0118%	1h	0.000004971	−0.491%	$3.9M	$14.3M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004992	−0.077%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004974	−0.432%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004995	−0.020%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004972	−0.480%	$94.9M	$312.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004974	−0.440%	$160.2M	$69.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004977	−0.388%	$25.0M	$58.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004976	−0.410%	$44.1M	$156.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004975	−0.428%	$544K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005028	+0.633%	$46K	$387K	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	0.000004985	−0.220%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004979	−0.340%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004975	−0.424%	$557K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004974	−0.432%	$2.4M	$6.8M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0154%	1h	0.000005019	+0.460%	$110K	$751K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0188%	8h	0.000004973	−0.460%	$43.9M	$543.4M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004978	−0.370%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0270%	8h	0.000004980	−0.320%	$32K	$22K	20x	as long as short
BloFin PEPE-USDT	+0.0308%	8h	0.000004979	−0.340%	$4.2M	$24.3M	75x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0309%	8h	0.000004988	−0.164%	$6K	$16	20x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0353%	1h	0.000004975	−0.420%	$60K	$114K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004979	−0.340%	$640K	$27.9M	50x	as long as short
BingX 1000PEPE-USDT	+0.0452%	8h	0.000004976	−0.390%	—	$257.8M	—	as long as short
Binance 1000PEPEUSDT	+0.0470%	8h	0.000004975	−0.417%	$136.9M	$1.14B	75x	as long as short
Extended 1000PEPE-USD	+0.0472%	1h	0.000004978	−0.366%	$549K	$199K	25x	as long as short
MEXC PEPE_USDT	+0.0472%	8h	0.000004977	−0.386%	$95.5M	$293.7M	300x	as long as short
Aevo 1000PEPE-PERPlong	+0.0472%	1h	0.000004996	long leg	$141K	—	3x
GMX PEPE/USD [ETH-USDC]	L +0.0500% / S −0.0407%	1h	0.000004000	−19.936%	$62K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0530%	8h	0.000004981	−0.306%	$1.7M	$7.8M	50x	as long as short
Nado kPEPE-PERP	+0.0613%	1h	0.000004978	−0.366%	$184K	$867K	10x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005004	+0.160%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.0656%	1h	0.000004983	−0.260%	$644K	$6.9M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0661%	1h	0.000004985	−0.226%	$96K	$607K	15x	as long as short
01 Exchange kPEPEUSD	+0.0672%	1h	0.000004994	−0.040%	$1K	$2K	10x	as long as short
Hyperliquid kPEPE	+0.2305%	1h	0.000004994	−0.040%	$55.4M	$133.4M	10x	as long as short