Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h +0.010%

Price spread now: Paradex against ApeX Omni+0.353%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni 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

The price spread pays, funding is against you. Paradex is 0.353% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.353% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000PEPEUSDT	0.000004960	0.0310	pay 0.0039% / 1h	25m 02s	$103K	$754K	25x
Short	Paradex kPEPE-USD-PERP	0.000004978	0.0208	get 0.0208% / 8h	7h 25m	$6K	$16	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now +0.353%Rate

Funding earned: −$21.44
Price spread: +0.353% → 0.000%: $35.3
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.14
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 49 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 ApeX Omni live order book, 49 min ago	4.34 bp	11.7 bp −$12	94.5 bp −$945	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	−0.0117%	1h	0.000004992	+0.645%	$3.9M	$14.1M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004976	+0.327%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004980	+0.403%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004980	+0.403%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004991	+0.619%	$92.7M	$304.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004989	+0.585%	$158.5M	$66.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004989	+0.587%	$25.3M	$56.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004991	+0.631%	$43.6M	$152.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004973	+0.256%	$612K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004955	−0.107%	$52K	$377K	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	0.000004993	+0.657%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004986	+0.524%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004988	+0.554%	$559K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004983	+0.456%	$2.4M	$6.7M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0182%	8h	0.000004995	+0.706%	$43.9M	$532.6M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004980	+0.411%	$8K	—	15x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0208%	8h	0.000004978	+0.353%	$6K	$16	20x
Orderly PERP_1000PEPE_USDC	+0.0284%	8h	0.000004982	+0.452%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0301%	8h	0.000004995	+0.706%	$4.1M	$23.8M	75x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0310%	1h	0.000004960	long leg	$103K	$754K	25x
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004993	+0.665%	$674K	$27.3M	50x	as long as short
Lighter 1000PEPE	+0.0400%	1h	0.000004996	+0.726%	$585K	$6.7M	10x	as long as short
Nado kPEPE-PERP	+0.0466%	1h	0.000004980	+0.404%	$192K	$857K	10x	as long as short
BingX 1000PEPE-USDT	+0.0479%	8h	0.000004988	+0.575%	—	$257.2M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0480% / S −0.0383%	1h	0.000004000	−19.355%	$62K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0488%	1h	0.000004983	+0.472%	$546K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0488%	1h	0.000004986	+0.524%	$141K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0489%	8h	0.000004998	+0.764%	$139.3M	$1.10B	75x	as long as short
MEXC PEPE_USDT	+0.0489%	8h	0.000004993	+0.665%	$99.2M	$285.5M	300x	as long as short
01 Exchange kPEPEUSD	+0.0496%	1h	0.000004984	+0.484%	$1K	$2K	10x	as long as short
Aster 1000PEPEUSDT	+0.0524%	8h	0.000004981	+0.422%	$1.5M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0562%	1h	0.000004994	+0.681%	$95K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004983	+0.464%	$4K	$102K	12x	as long as short
Hyperliquid kPEPE	+0.0888%	1h	0.000005007	+0.948%	$59.1M	$120.8M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1156%	1h	0.000004987	+0.544%	$64K	$115K	25x	as long as short