Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0281%/8h= −30.8% APRnext payment $2.81 per $10,000 · paid last 24h −0.067%
Price spread now: Paradex against Aster+0.104%59s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories
The price spread pays, funding is against you. Paradex is 0.104% dearer against Aster than usual: you sell high and buy low (spread +0.104% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 30 hours. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 1000PEPEUSDT0.0000051540.0789pay 0.0789% / 8h1h 47m$1.8M$11.6M50x
ShortParadex kPEPE-USD-PERP0.0000051590.0508get 0.0508% / 8h1h 47m$6K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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

Funding earned
−$58.99
Price spread: +0.104% → 0.000%
$10.36
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$60.63
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 1 min ago1.26 bp6.0 bp −$68.5 bp −$85doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PEPE/USDC PERP−0.0016%1h0.000005161+0.144%$10K$119K12xas long as short
dYdX PEPE-USD0.0000%1h0.000005149−0.097%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005145−0.169%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005160+0.124%$60K$180K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005152−0.031%$101.4M$414.9M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005155+0.027%$164.1M$96.1M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005159+0.113%$25.9M$72.0M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005155+0.020%$615K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005165+0.228%$28K$540K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005157+0.066%$2K$2.6M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX 1000PEPE-USD+0.0100%1h0.000005152−0.031%$2K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000005153−0.006%$594K$4.2M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005151−0.056%$8K15xas long as short
Bitget PEPEUSDT+0.0303%8h0.000005162+0.171%$46.2M$214.2M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0380%8h0.000005153−0.019%$34K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0418%8h0.000005155+0.027%$48.5M$724.2M50xas long as short
Backpack kPEPE_USDC_PERP+0.0434%1h0.000005156+0.050%$73K$849K15xas long as short
Kraken Futures PF_PEPEUSD+0.0453%1h0.000005151−0.042%$4.7M$16.8M50xas long as short
Paradex kPEPE-USD-PERPshort+0.0508%8h0.000005159+0.104%$6K20x
Deribit 1000PEPE_USDC-PERPETUAL+0.0527%1h0.000005150−0.070%$73K$127K25xas long as short
BloFin PEPE-USDT+0.0542%8h0.000005145−0.167%$4.5M$29.5M75xas long as short
Lighter 1000PEPE+0.0560%1h0.000005160+0.124%$621K$9.0M10xas long as short
Phemex u1000PEPEUSDT+0.0581%8h0.000005151−0.056%$2.4M$8.0M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.000005156+0.047%$668K$38.6M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0629%1h0.000005167+0.260%$156K$820K25xas long as short
01 Exchange kPEPEUSD+0.0648%1h0.000005153−0.012%$622$3K10xas long as short
Nado kPEPE-PERP+0.0730%1h0.000005150−0.076%$163K$956K10xas long as short
BingX 1000PEPE-USDT+0.0743%8h0.000005158+0.078%$217.5Mas long as short
Binance 1000PEPEUSDT+0.0774%8h0.000005157+0.070%$142.4M$1.45B75xas long as short
Extended 1000PEPE-USD+0.0776%1h0.000005158+0.091%$547K$286K25xas long as short
Aevo 1000PEPE-PERP+0.0776%1h0.000005152−0.031%$146K3xas long as short
MEXC PEPE_USDT+0.0778%8h0.000005161+0.147%$98.9M$302.6M300xas long as short
Aster 1000PEPEUSDTlong+0.0789%8h0.000005154long leg$1.8M$11.6M50x
Hyperliquid kPEPE+0.0964%1h0.000005165+0.221%$55.2M$154.6M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1133% / S −0.2351%1h0.000005000−2.980%$63K100xas long as short