Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.076%

Price spread now: Paradex against Pacifica−0.032%7-day average — · you buy dearer than you sell

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

Long on Pacifica 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 airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.032% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000004946	0.0100	pay 0.0013% / 1h	31m 04s	$58K	$198K	10x
Short	Paradex kPEPE-USD-PERP	0.000004944	0.0104	get 0.0104% / 8h	4h 31m	$6K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0.86
Price spread: −0.032% → 0.000%: −$3.21
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.36
Costs to cover: 0.120%
Break-even: 123.9 days

Slippage unknown: Pacifica: live order book, 10 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 Pacifica live order book, 10 min ago	8.05 bp	14.0 bp −$14	21.5 bp −$215	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 exchanges

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	−0.0233%	1h	0.000004937	−0.191%	$4.5M	$16.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	0.000004939	−0.142%	$61K	$120K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000004937	−0.176%	$4K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004941	−0.101%	$605K	$9.0M	10x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	0.000004939	−0.142%	$140K	—	3x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004945	−0.018%	$139K	$941K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004940	−0.121%	$50.7M	$155.7M	10x	as long as short
Aster 1000PEPEUSDT	+0.0100%	8h	0.000004941	−0.101%	$1.7M	$12.6M	50x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000004946	long leg	$58K	$198K	10x
Binance 1000PEPEUSDT	+0.0100%	8h	0.000004942	−0.086%	$127.1M	$1.54B	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004941	−0.109%	$92.4M	$447.2M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004943	−0.061%	$44.6M	$723.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004938	−0.162%	$150.3M	$103.8M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	0.000004941	−0.105%	$99.4M	$292.2M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004940	−0.127%	$24.7M	$76.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004940	−0.119%	$43.4M	$236.2M	75x	as long as short
BingX 1000PEPE-USDT	+0.0100%	8h	0.000004936	−0.208%	—	$181.6M	—	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004937	−0.176%	$75K	$997K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004956	+0.204%	$675K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004959	+0.265%	$26K	$576K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004964	+0.364%	$109K	$869K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004950	+0.079%	$2K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004939	−0.142%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004947	+0.012%	$579K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004933	−0.261%	$2.3M	$8.0M	50x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	0.000004937	−0.177%	$517K	$288K	25x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0104%	8h	0.000004944	−0.032%	$6K	—	20x
01 Exchange kPEPEUSD	+0.0128%	1h	0.000004942	−0.081%	$596	$2K	10x	as long as short
Injective PEPE/USDC PERP	+0.0176%	1h	0.000004904	−0.849%	$3K	$123K	12x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004941	−0.097%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004939	−0.142%	$4.3M	$28.5M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0232%	8h	0.000004938	−0.154%	$31K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0320%	1h	0.000004941	−0.101%	$698K	$38.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0704% / S −0.0721%	1h	0.000004000	−19.127%	$52K	—	100x	as long as short
dYdX PEPE-USD	+0.3893%	1h	0.000004944	−0.049%	$25K	$18K	10x	as long as short