Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.060%

Price spread now: Aevo against Paradex−0.147%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.147% cheaper against Paradex than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 45 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000005105	0.0499	pay 0.0499% / 8h	1h 29m	$6K	—	20x
Short	Aevo 1000PEPE-PERP	0.000005098	0.0760	get 0.0095% / 1h	29m 01s	$144K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.147%Rate

Funding earned: $54.83
Price spread: −0.147% → 0.000%: −$14.67
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: $20.16
Costs to cover: 0.200%
Break-even: 4.4 days

Slippage unknown: Paradex: no order-book sample; Aevo: live order book, 15 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo live order book, 15 min ago	362.92 bp	1632.9 bp −$1,633	doesn't fit	doesn't fit	doesn't fit

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	0.000005102	−0.068%	$9K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005070	−0.702%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005072	−0.660%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005095	−0.205%	$59K	$181K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005082	−0.460%	$99.1M	$419.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005081	−0.480%	$161.6M	$97.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005082	−0.466%	$25.8M	$72.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005079	−0.526%	$595K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005076	−0.584%	$28K	$543K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005114	+0.169%	$2K	$2.7M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005095	−0.200%	$589K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0157%	1h	0.000005092	−0.264%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005091	−0.289%	$8K	—	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0230%	1h	0.000005079	−0.519%	$154K	$822K	25x	as long as short
Bitget PEPEUSDT	+0.0289%	8h	0.000005083	−0.441%	$45.4M	$215.6M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0340%	1h	0.000005090	−0.303%	$73K	$127K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0389%	8h	0.000005093	−0.241%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0408%	8h	0.000005083	−0.441%	$47.3M	$721.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0418%	1h	0.000005089	−0.323%	$73K	$859K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0459%	1h	0.000005090	−0.305%	$4.6M	$16.5M	50x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0499%	8h	0.000005105	long leg	$6K	—	20x
BloFin PEPE-USDT	+0.0533%	8h	0.000005094	−0.225%	$4.6M	$29.3M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0583%	8h	0.000005094	−0.227%	$2.4M	$8.0M	50x	as long as short
Lighter 1000PEPE	+0.0600%	1h	0.000005093	−0.245%	$606K	$9.1M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005093	−0.245%	$685K	$38.5M	50x	as long as short
01 Exchange kPEPEUSD	+0.0656%	1h	0.000005106	+0.010%	$816	$3K	10x	as long as short
BingX 1000PEPE-USDT	+0.0727%	8h	0.000005085	−0.392%	—	$217.8M	—	as long as short
Nado kPEPE-PERP	+0.0758%	1h	0.000005093	−0.236%	$164K	$959K	10x	as long as short
Aevo 1000PEPE-PERPshort	+0.0760%	1h	0.000005098	−0.147%	$144K	—	3x
MEXC PEPE_USDT	+0.0763%	8h	0.000005083	−0.441%	$97.8M	$304.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0764%	8h	0.000005087	−0.362%	$139.6M	$1.46B	75x	as long as short
Aster 1000PEPEUSDT	+0.0764%	8h	0.000005084	−0.417%	$1.7M	$11.8M	50x	as long as short
Extended 1000PEPE-USD	+0.0768%	1h	0.000005085	−0.406%	$538K	$280K	25x	as long as short
Hyperliquid kPEPE	+0.0949%	1h	0.000005094	−0.225%	$52.7M	$156.3M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1130% / S −0.2257%	1h	0.000005000	−2.066%	$63K	—	100x	as long as short