Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0291%/8h= −31.8% APRnext payment $2.91 per $10,000 · paid last 24h −0.067%
Price spread now: Paradex against Aster+0.182%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories
The price spread pays, funding is against you. Paradex is 0.182% dearer against Aster than usual: you sell high and buy low (spread +0.182% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 1000PEPEUSDT0.0000049900.0837pay 0.0837% / 8h2h 27m$1.7M$11.2M50x
ShortParadex kPEPE-USD-PERP0.0000049990.0547get 0.0547% / 8h2h 27m$6K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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

Funding earned
−$61.01
Price spread: +0.182% → 0.000%
$18.24
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$54.78
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Aster: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 1 min ago1.10 bp7.9 bp −$811.4 bp −$114doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004991+0.008%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0001%1h0.000004987−0.067%$6K150xas long as short
Pacifica kPEPE+0.0100%1h0.000004996+0.117%$57K$177K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004991+0.015%$97.9M$404.5M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004988−0.043%$160.7M$94.1M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004995+0.089%$24.9M$70.9M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005001+0.212%$599K$5.4Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005000+0.189%$27K$537K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004994+0.077%$2K$2.6M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000004983−0.139%$558K$4.1M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX 1000PEPE-USD+0.0177%1h0.000004989−0.023%$2K$10K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004990+0.006%$8K15xas long as short
Bitget PEPEUSDT+0.0335%8h0.000004991+0.017%$44.7M$210.0M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0399%8h0.000004994+0.075%$33K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0417%8h0.000004994+0.077%$45.9M$682.4M50xas long as short
BloFin PEPE-USDT+0.0543%8h0.000005004+0.277%$4.4M$27.9M75xas long as short
Paradex kPEPE-USD-PERPshort+0.0547%8h0.000004999+0.182%$6K20x
Deribit 1000PEPE_USDC-PERPETUAL+0.0553%1h0.000004986−0.083%$71K$127K25xas long as short
Backpack kPEPE_USDC_PERP+0.0616%1h0.000004990−0.001%$73K$831K15xas long as short
01 Exchange kPEPEUSD+0.0640%1h0.000005002+0.237%$603$3K10xas long as short
Lighter 1000PEPE+0.0648%1h0.000005001+0.217%$593K$9.0M10xas long as short
Phemex u1000PEPEUSDT+0.0650%8h0.000004990+0.005%$2.4M$7.9M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0680%1h0.000004986−0.083%$638K$36.6M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0730%1h0.000004999+0.177%$154K$813K25xas long as short
Nado kPEPE-PERP+0.0735%1h0.000004994+0.074%$164K$943K10xas long as short
BingX 1000PEPE-USDT+0.0756%8h0.000004992+0.031%$239.1Mas long as short
Extended 1000PEPE-USD+0.0784%1h0.000004996+0.117%$528K$277K25xas long as short
MEXC PEPE_USDT+0.0785%8h0.000004990−0.011%$94.7M$301.8M300xas long as short
Binance 1000PEPEUSDT+0.0786%8h0.000004992+0.044%$140.0M$1.41B75xas long as short
Aevo 1000PEPE-PERP+0.0792%1h0.000004991+0.017%$141K3xas long as short
Aster 1000PEPEUSDTlong+0.0837%8h0.000004990long leg$1.7M$11.2M50x
Kraken Futures PF_PEPEUSD+0.0857%1h0.000004984−0.115%$4.5M$16.8M50xas long as short
Hyperliquid kPEPE+0.0993%1h0.000004998+0.157%$52.6M$152.1M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1117% / S −0.2147%1h0.000004000−19.842%$63K100xas long as short
Injective PEPE/USDC PERP+0.1379%1h0.000004992+0.037%$3K$111K12xas long as short