Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.044%

Price spread now: Injective against Paradex+0.018%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Injective

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 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	0.000004945	0.0110	pay 0.0110% / 8h	5h 48m	$6K	—	20x
Short	Injective PEPE/USDC PERP	0.000004946	0.0284	get 0.0036% / 1h	48m 23s	$4K	$122K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.018%Rate

Funding earned: $36.64
Price spread: +0.018% → 0.000%: $1.78
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $34.4
Costs to cover: 0.040%
Break-even: 0.4 days

Slippage unknown: Paradex: no order-book sample; Injective: live order book, 63 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 Injective live order book, 63 min ago	17.02 bp	62.9 bp −$63	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 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	−0.0371%	1h	0.000004944	−0.023%	$4.6M	$15.8M	50x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004943	−0.037%	$3K	—	150x	as long as short
01 Exchange kPEPEUSD	+0.0056%	1h	0.000004945	−0.002%	$596	$2K	10x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004954	+0.180%	$597K	$9.0M	10x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004951	+0.125%	$147K	$943K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004949	+0.078%	$50.1M	$155.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004951	+0.119%	$57K	$194K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004949	+0.068%	$94.1M	$442.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004947	+0.038%	$152.3M	$102.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004950	+0.091%	$24.9M	$75.9M	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0100%	8h	0.000004942	−0.063%	$43.5M	$231.0M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004955	+0.202%	$75K	$990K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004937	−0.159%	$642K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004941	−0.085%	$27K	$571K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004944	−0.023%	$143K	$850K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004956	+0.212%	$2K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004946	+0.018%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004946	+0.028%	$580K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004958	+0.262%	$2.3M	$7.9M	50x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0110%	8h	0.000004945	long leg	$6K	—	20x
OKX PEPE-USDT-SWAP	+0.0123%	8h	0.000004951	+0.119%	$44.4M	$720.9M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0154%	1h	0.000004947	+0.038%	$57K	$115K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004938	−0.148%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0252%	8h	0.000004945	−0.002%	$4.3M	$28.7M	75x	as long as short
Binance 1000PEPEUSDT	+0.0260%	8h	0.000004950	+0.101%	$128.3M	$1.52B	75x	as long as short
Extended 1000PEPE-USD	+0.0264%	1h	0.000004944	−0.015%	$518K	$285K	25x	as long as short
MEXC PEPE_USDT	+0.0265%	8h	0.000004949	+0.076%	$101.9M	$295.3M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0272%	1h	0.000004945	−0.002%	$140K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0273%	8h	0.000004950	+0.105%	$1.7M	$12.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0273%	8h	0.000004948	+0.066%	—	$181.1M	—	as long as short
Injective PEPE/USDC PERPshort	+0.0284%	1h	0.000004946	+0.018%	$4K	$122K	12x
dYdX PEPE-USD	+0.0333%	1h	0.000004951	+0.109%	$25K	$18K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0338%	8h	0.000004950	+0.093%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004948	+0.058%	$732K	$38.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0839% / S −0.0953%	1h	0.000004000	−19.112%	$50K	—	100x	as long as short