Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0251%/8h= −27.5% APRpaid last 24h −0.061%

Price spread now: Paradex against Extended+0.075%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.075% dearer against Extended than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000PEPE-USD	0.000005095	0.0760	pay 0.0095% / 1h	17m 16s	$541K	$280K	25x
Short	Paradex kPEPE-USD-PERP	0.000005099	0.0509	get 0.0509% / 8h	1h 17m	$6K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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 ExtendedbpFee ParadexbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$52.71
Price spread: +0.075% → 0.000%: $7.46
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$54.26
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 25 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 Extended live order book, 25 min ago	2.91 bp	7.3 bp −$7	41.0 bp −$410	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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005108	+0.259%	$9K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005100	+0.096%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005095	+0.010%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005100	+0.102%	$59K	$181K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005093	−0.039%	$99.2M	$419.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005093	−0.036%	$162.1M	$97.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005098	+0.055%	$596K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005101	+0.129%	$28K	$544K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005109	+0.275%	$2K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005098	+0.055%	$591K	$4.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0102%	8h	0.000005099	+0.078%	$25.9M	$72.5M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0165%	1h	0.000005096	+0.023%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005097	+0.050%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0285%	8h	0.000005096	+0.023%	$45.5M	$215.9M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0310%	1h	0.000005094	−0.016%	$154K	$824K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0339%	1h	0.000005095	+0.004%	$73K	$127K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0394%	8h	0.000005094	−0.016%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0396%	8h	0.000005096	+0.023%	$47.1M	$724.6M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0424%	1h	0.000005101	+0.123%	$74K	$860K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0458%	1h	0.000005094	−0.015%	$4.6M	$16.5M	50x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0509%	8h	0.000005099	+0.075%	$6K	—	20x
BloFin PEPE-USDT	+0.0518%	8h	0.000005095	+0.004%	$4.4M	$29.3M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0559%	8h	0.000005097	+0.037%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005099	+0.082%	$680K	$38.5M	50x	as long as short
01 Exchange kPEPEUSD	+0.0680%	1h	0.000005102	+0.141%	$615	$3K	10x	as long as short
Lighter 1000PEPE	+0.0688%	1h	0.000005106	+0.220%	$608K	$9.1M	10x	as long as short
BingX 1000PEPE-USDT	+0.0731%	8h	0.000005096	+0.023%	—	$217.9M	—	as long as short
Nado kPEPE-PERP	+0.0753%	1h	0.000005097	+0.037%	$164K	$959K	10x	as long as short
Aster 1000PEPEUSDT	+0.0759%	8h	0.000005097	+0.051%	$1.7M	$11.7M	50x	as long as short
Extended 1000PEPE-USDlong	+0.0760%	1h	0.000005095	long leg	$541K	$280K	25x
Binance 1000PEPEUSDT	+0.0764%	8h	0.000005095	+0.004%	$140.2M	$1.47B	75x	as long as short
MEXC PEPE_USDT	+0.0767%	8h	0.000005095	0.000%	$98.5M	$305.8M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0768%	1h	0.000005103	+0.161%	$144K	—	3x	as long as short
Hyperliquid kPEPE	+0.0944%	1h	0.000005102	+0.141%	$52.8M	$156.6M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1130% / S −0.2257%	1h	0.000005000	−1.861%	$63K	—	100x	as long as short