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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0485%/8h= +53.1% APRpaid last 24h +0.070%
Price spread now: Paradex against dYdX+0.112%7-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 airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Paradex is 0.112% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX PEPE-USD0.0000052350get 0.0000% / 1h17m 25s$19K$9510x
ShortParadex kPEPE-USD-PERP0.0000052400.0485get 0.0485% / 8h3h 17m$6K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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
$101.82
Price spread: +0.112% → 0.000%
$11.18
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
$99
Costs to cover
0.140%
Break-even
0.2 days
Slippage unknown: dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Paradex no order-book sample
dYdX 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USDlong0.0000%1h0.000005235long leg$19K$9510x
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000005242+0.135%$14K150xas long as short
Injective PEPE/USDC PERP+0.0092%1h0.000005327+1.767%$3K$111K12xas long as short
Pacifica kPEPE+0.0100%1h0.000005243+0.162%$66K$163K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005245+0.200%$106.6M$383.3M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005240+0.105%$172.8M$89.0M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005242+0.147%$26.1M$68.7M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005213−0.419%$661K$5.2Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005223−0.219%$29K$534K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005249+0.269%$2K$2.5M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005238+0.059%$589K$3.9M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005249+0.281%$8K15xas long as short
Bitget PEPEUSDT+0.0317%8h0.000005251+0.324%$51.0M$191.0M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0402%8h0.000005251+0.307%$35K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0432%8h0.000005248+0.257%$50.8M$679.8M50xas long as short
SoDEX 1000PEPE-USD+0.0456%1h0.000005245+0.200%$2K$10K10xas long as short
Paradex kPEPE-USD-PERPshort+0.0485%8h0.000005240+0.112%$6K20x
BloFin PEPE-USDT+0.0561%8h0.000005244+0.181%$4.8M$28.3M75xas long as short
Phemex u1000PEPEUSDT+0.0674%8h0.000005245+0.196%$2.5M$7.6M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0712%1h0.000005247+0.238%$727K$36.5M50xas long as short
BingX 1000PEPE-USDT+0.0769%8h0.000005249+0.280%$235.7Mas long as short
Aevo 1000PEPE-PERP+0.0808%1h0.000005248+0.257%$148K3xas long as short
MEXC PEPE_USDT+0.0815%8h0.000005250+0.305%$99.5M$296.5M300xas long as short
Extended 1000PEPE-USD+0.0816%1h0.000005243+0.158%$556K$231K25xas long as short
Binance 1000PEPEUSDT+0.0817%8h0.000005251+0.318%$152.6M$1.34B75xas long as short
ApeX Omni 1000PEPEUSDT+0.0841%1h0.000005241+0.124%$161K$810K25xas long as short
Nado kPEPE-PERP+0.0852%1h0.000005244+0.187%$189K$917K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0896%1h0.000005243+0.162%$75K$126K25xas long as short
Aster 1000PEPEUSDT+0.0926%8h0.000005251+0.317%$1.8M$10.4M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0981% / S −0.1969%1h0.000005000−4.480%$65K100xas long as short
01 Exchange kPEPEUSD+0.0984%1h0.000005251+0.315%$633$3K10xas long as short
Backpack kPEPE_USDC_PERP+0.1150%1h0.000005246+0.223%$68K$724K15xas long as short
Lighter 1000PEPE+0.1200%1h0.000005245+0.200%$632K$8.8M10xas long as short
Hyperliquid kPEPE+0.1540%1h0.000005249+0.276%$57.1M$146.0M10xas long as short
Kraken Futures PF_PEPEUSD+0.1558%1h0.000005242+0.136%$4.8M$16.4M50xas long as short