Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h −0.013%

Price spread now: SoDEX against Paradex+0.027%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 SoDEX

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 pays, funding is against you. SoDEX is 0.027% dearer against Paradex than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000005097	0.0414	pay 0.0414% / 8h	7h 36m	$6K	—	20x
Short	SoDEX 1000PEPE-USD	0.000005098	0.0150	get 0.0019% / 1h	36m 33s	$2K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$55.55
Price spread: +0.027% → 0.000%: $2.71
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$64.84
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; SoDEX: 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 Paradex no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Paradex and SoDEX: 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
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005093	−0.063%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005095	−0.032%	$59K	$186K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005088	−0.169%	$98.2M	$436.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005090	−0.130%	$161.6M	$99.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005099	+0.040%	$638K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005089	−0.156%	$28K	$550K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005106	+0.188%	$2K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005099	+0.055%	$600K	$4.3M	75x	as long as short
Injective PEPE/USDC PERP	+0.0147%	1h	0.000005082	−0.287%	$7K	$121K	12x	as long as short
SoDEX 1000PEPE-USDshort	+0.0150%	1h	0.000005098	+0.027%	$2K	$11K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0164%	8h	0.000005090	−0.122%	$26.6M	$74.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005097	0.000%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0205%	8h	0.000005091	−0.118%	$45.8M	$222.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0328%	8h	0.000005087	−0.189%	$46.5M	$745.3M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0337%	1h	0.000005088	−0.169%	$148K	$838K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0361%	8h	0.000005096	−0.022%	$2.3M	$8.1M	50x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0414%	8h	0.000005097	long leg	$6K	—	20x
Backpack kPEPE_USDC_PERP	+0.0418%	1h	0.000005099	+0.043%	$97K	$907K	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0435%	8h	0.000005098	+0.029%	$33K	$27K	20x	as long as short
BloFin PEPE-USDT	+0.0450%	8h	0.000005095	−0.032%	$4.4M	$30.3M	75x	as long as short
Hyperliquid kPEPE	+0.0484%	1h	0.000005097	+0.007%	$52.8M	$160.3M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000005085	−0.228%	$675K	$39.5M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0535%	1h	0.000005097	+0.007%	$73K	$128K	25x	as long as short
01 Exchange kPEPEUSD	+0.0536%	1h	0.000005096	−0.012%	$615	$2K	10x	as long as short
Lighter 1000PEPE	+0.0568%	1h	0.000005097	+0.007%	$609K	$9.0M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0622%	1h	0.000005094	−0.043%	$4.8M	$16.7M	50x	as long as short
BingX 1000PEPE-USDC	+0.0642%	8h	0.000005095	−0.040%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0656%	1h	0.000005092	−0.086%	$537K	$280K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0656%	1h	0.000005096	−0.012%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0657%	8h	0.000005098	+0.019%	$100.5M	$307.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0658%	8h	0.000005093	−0.071%	$140.3M	$1.51B	75x	as long as short
Nado kPEPE-PERP	+0.0667%	1h	0.000005088	−0.159%	$162K	$964K	10x	as long as short
Aster 1000PEPEUSDT	+0.0676%	8h	0.000005094	−0.051%	$1.7M	$12.0M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1019% / S −0.1149%	1h	0.000005000	−1.896%	$51K	—	100x	as long as short
dYdX PEPE-USD	+0.1245%	1h	0.000005086	−0.216%	$19K	$649	10x	as long as short