Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0174%/8h= −19.0% APRpaid last 24h −0.012%

Price spread now: Paradex against Aevo+0.265%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Paradex

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. Paradex is 0.265% dearer against Aevo than usual: you sell high and buy low (spread +0.265% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000005055	0.0480	pay 0.0060% / 1h	4m 40s	$143K	—	3x
Short	Paradex kPEPE-USD-PERP	0.000005068	0.0306	get 0.0306% / 8h	7h 04m	$6K	$16	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now +0.265%Rate

Funding earned: −$36.51
Price spread: +0.265% → 0.000%: $26.47
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$30.04
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Aevo: live order book, 4 min ago; Paradex: 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 Aevo live order book, 4 min ago	440.51 bp	1030.3 bp −$1,030	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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
Kraken Futures PF_PEPEUSD	−0.0116%	1h	0.000005055	−0.001%	$4.0M	$14.3M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005067	+0.237%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005049	−0.111%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005067	+0.237%	$60K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005065	+0.204%	$95.4M	$311.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005066	+0.218%	$162.8M	$69.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005066	+0.224%	$25.8M	$57.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005068	+0.263%	$45.0M	$155.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005053	−0.048%	$591K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005083	+0.559%	$46K	$386K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005060	+0.095%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005057	+0.040%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005058	+0.055%	$567K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005059	+0.077%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005063	+0.152%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0193%	8h	0.000005069	+0.277%	$45.2M	$550.1M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0272%	8h	0.000005055	+0.006%	$32K	$22K	20x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0306%	8h	0.000005068	+0.265%	$6K	$16	20x
BloFin PEPE-USDT	+0.0308%	8h	0.000005060	+0.099%	$4.2M	$24.5M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0344%	1h	0.000005053	−0.040%	$61K	$114K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0348%	1h	0.000005084	+0.574%	$111K	$753K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000005062	+0.138%	$603K	$28.3M	50x	as long as short
BingX 1000PEPE-USDC	+0.0459%	8h	0.000005070	+0.307%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0472%	1h	0.000005069	+0.269%	$558K	$199K	25x	as long as short
MEXC PEPE_USDT	+0.0474%	8h	0.000005073	+0.350%	$99.4M	$292.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0476%	8h	0.000005072	+0.328%	$140.2M	$1.13B	75x	as long as short
Aevo 1000PEPE-PERPlong	+0.0480%	1h	0.000005055	long leg	$143K	—	3x
GMX PEPE/USD [ETH-USDC]	L +0.0501% / S −0.0406%	1h	0.000005000	−1.088%	$63K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0537%	8h	0.000005073	+0.358%	$1.5M	$7.8M	50x	as long as short
Nado kPEPE-PERP	+0.0571%	1h	0.000005066	+0.212%	$191K	$866K	10x	as long as short
Lighter 1000PEPE	+0.0616%	1h	0.000005078	+0.455%	$667K	$6.9M	10x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005083	+0.554%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0661%	1h	0.000005060	+0.091%	$96K	$601K	15x	as long as short
01 Exchange kPEPEUSD	+0.0664%	1h	0.000005072	+0.336%	$1K	$2K	10x	as long as short
Hyperliquid kPEPE	+0.2272%	1h	0.000005084	+0.574%	$56.7M	$132.9M	10x	as long as short