Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0680%/8h= −74.4% APRpaid last 24h −0.031%

Price spread now: edgeX against Paradex−0.016%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$20 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000005011	0.0780	pay 0.0780% / 8h	5h 26m	$6K	—	20x
Short	edgeX 1000PEPEUSDC	0.000005011	0.0100	get 0.0050% / 4h	1h 26m	$36K	$433K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$142.77
Price spread: −0.016% → 0.000%: −$1.6
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$157.36
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 37 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 edgeX live order book, 37 min ago	0.88 bp	5.5 bp −$5	108.0 bp −$1,080	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
dYdX PEPE-USD	0.0000%	1h	0.000005009	−0.039%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005002	−0.184%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005014	+0.051%	$64K	$138K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005009	−0.044%	$97.6M	$337.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005011	−0.008%	$163.5M	$75.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005014	+0.044%	$25.9M	$62.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005016	+0.101%	$676K	$4.7M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	0.000005011	−0.016%	$36K	$433K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005019	+0.149%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005014	+0.044%	$569K	$3.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0105%	8h	0.000005013	+0.024%	$46.1M	$172.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005009	−0.055%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0320%	8h	0.000005012	+0.004%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0325%	8h	0.000005014	+0.051%	$45.3M	$584.7M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0368%	1h	0.000005016	+0.091%	$98K	$753K	25x	as long as short
BloFin PEPE-USDT	+0.0444%	8h	0.000005012	+0.012%	$4.3M	$25.1M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0542%	1h	0.000005009	−0.048%	$2K	$12K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0549%	1h	0.000005008	−0.068%	$61K	$114K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005010	−0.028%	$915K	$31.2M	50x	as long as short
BingX 1000PEPE-USDC	+0.0581%	8h	0.000005013	+0.032%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0598% / S −0.1071%	1h	0.000005000	−0.228%	$47K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0616%	1h	0.000005014	+0.046%	$530K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0616%	1h	0.000005002	−0.188%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0618%	8h	0.000005011	−0.004%	$94.8M	$289.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0620%	8h	0.000005012	+0.011%	$139.8M	$1.21B	75x	as long as short
Aster 1000PEPEUSDT	+0.0715%	8h	0.000005015	+0.067%	$1.8M	$9.1M	50x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0780%	8h	0.000005011	long leg	$6K	—	20x
Nado kPEPE-PERP	+0.0833%	1h	0.000005010	−0.019%	$181K	$870K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0835%	8h	0.000005011	−0.014%	$2.4M	$7.0M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0958%	1h	0.000005012	+0.006%	$94K	$626K	15x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005018	+0.131%	$605	$3K	10x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+1.867%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1248%	1h	0.000005010	−0.028%	$687K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1390%	1h	0.000005005	−0.119%	$4.2M	$15.2M	50x	as long as short
Hyperliquid kPEPE	+0.1676%	1h	0.000005017	+0.111%	$53.5M	$139.3M	10x	as long as short