Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0237%/8h= +25.9% APRpaid last 24h +0.056%

Price spread now: Nado against Paradex−0.074%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 Nado

What this pair did over the last

the charts below follow

Funding, last 3 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 · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.074% cheaper against Paradex than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 25 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000005149	0.0503	pay 0.0503% / 8h	1h 42m	$6K	—	20x
Short	Nado kPEPE-PERP	0.000005145	0.0739	get 0.0092% / 1h	42m 12s	$164K	$957K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.074%Rate

Funding earned: $49.72
Price spread: −0.074% → 0.000%: −$7.39
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $31.33
Costs to cover: 0.110%
Break-even: 2.6 days

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 1 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 Nado live order book, 1 min ago	2.90 bp	9.9 bp −$10	27.5 bp −$275	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	0.000005154	+0.092%	$10K	$119K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005149	−0.013%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005147	−0.044%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005153	+0.072%	$60K	$180K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005151	+0.033%	$101.4M	$415.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005147	−0.044%	$164.3M	$96.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005155	+0.103%	$26.0M	$72.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005133	−0.324%	$612K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005145	−0.078%	$28K	$543K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005165	+0.309%	$1K	$2.6M	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	0.000005163	+0.261%	$595K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0105%	1h	0.000005157	+0.150%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005148	−0.019%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0296%	8h	0.000005155	+0.109%	$46.2M	$214.6M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0382%	8h	0.000005153	+0.082%	$34K	$26K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0391%	1h	0.000005153	+0.070%	$74K	$856K	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0420%	8h	0.000005152	+0.053%	$48.2M	$727.3M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0453%	1h	0.000005153	+0.063%	$4.7M	$16.8M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0456%	1h	0.000005149	−0.005%	$156K	$821K	25x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0503%	8h	0.000005149	long leg	$6K	—	20x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0526%	1h	0.000005157	+0.150%	$74K	$127K	25x	as long as short
BloFin PEPE-USDT	+0.0542%	8h	0.000005159	+0.189%	$4.6M	$29.6M	75x	as long as short
Lighter 1000PEPE	+0.0560%	1h	0.000005156	+0.131%	$617K	$9.0M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0566%	8h	0.000005154	+0.099%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005158	+0.169%	$662K	$38.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.0656%	1h	0.000005151	+0.033%	$621	$3K	10x	as long as short
BingX 1000PEPE-USDT	+0.0735%	8h	0.000005153	+0.082%	—	$217.5M	—	as long as short
Nado kPEPE-PERPshort	+0.0739%	1h	0.000005145	−0.074%	$164K	$957K	10x
Binance 1000PEPEUSDT	+0.0773%	8h	0.000005155	+0.113%	$142.8M	$1.45B	75x	as long as short
MEXC PEPE_USDT	+0.0773%	8h	0.000005155	+0.111%	$99.4M	$303.2M	300x	as long as short
Extended 1000PEPE-USD	+0.0776%	1h	0.000005157	+0.145%	$547K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0776%	1h	0.000005154	+0.092%	$146K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0784%	8h	0.000005151	+0.040%	$1.8M	$11.7M	50x	as long as short
Hyperliquid kPEPE	+0.0983%	1h	0.000005158	+0.169%	$55.2M	$154.8M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1132% / S −0.2351%	1h	0.000005000	−2.899%	$63K	—	100x	as long as short