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

PEPE

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0528%/8h= +57.9% APRpaid last 24h −0.053%
Price spread now: Paradex against Injective+0.234%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 airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Paradex is 0.234% dearer against Injective than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PEPE/USDC PERP0.000005156−0.0016get 0.0002% / 1h54m 31s$10K$119K12x
ShortParadex kPEPE-USD-PERP0.0000051680.0512get 0.0512% / 8h1h 54m$6K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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
$110.96
Price spread: +0.234% → 0.000%
$23.39
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Paradex: 2 bp × 2 orders
−$4
Net
$130.33
Costs to cover
0.040%
Break-even
from the start
Slippage unknown: Injective: live order book, 54 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 Injective live order book, 54 min ago16.91 bp72.3 bp −$72doesn't fitdoesn'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
Injective PEPE/USDC PERPlong−0.0016%1h0.000005156long leg$10K$119K12x
dYdX PEPE-USD0.0000%1h0.000005167+0.213%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005168+0.242%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005171+0.291%$60K$180K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005163+0.136%$101.3M$413.7M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005162+0.116%$163.6M$95.7M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005172+0.303%$25.7M$71.9M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005162+0.109%$615K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005173+0.329%$28K$539K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005186+0.580%$2K$2.6M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005171+0.297%$589K$4.2M75xas long as short
SoDEX 1000PEPE-USD+0.0116%1h0.000005182+0.504%$2K$11K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005168+0.238%$8K15xas long as short
Bitget PEPEUSDT+0.0309%8h0.000005167+0.209%$46.3M$213.8M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0379%8h0.000005181+0.491%$34K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0415%8h0.000005166+0.194%$48.4M$722.9M50xas long as short
Kraken Futures PF_PEPEUSD+0.0451%1h0.000005179+0.446%$4.7M$16.8M50xas long as short
Paradex kPEPE-USD-PERPshort+0.0512%8h0.000005168+0.234%$6K20x
BloFin PEPE-USDT+0.0542%8h0.000005178+0.427%$4.6M$29.6M75xas long as short
Backpack kPEPE_USDC_PERP+0.0547%1h0.000005181+0.477%$72K$848K15xas long as short
Phemex u1000PEPEUSDT+0.0571%8h0.000005179+0.450%$2.4M$8.0M50xas long as short
Lighter 1000PEPE+0.0616%1h0.000005174+0.349%$622K$9.0M10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.000005177+0.407%$704K$38.4M50xas long as short
01 Exchange kPEPEUSD+0.0640%1h0.000005171+0.291%$624$3K10xas long as short
Nado kPEPE-PERP+0.0715%1h0.000005168+0.226%$164K$956K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0716%1h0.000005180+0.465%$74K$127K25xas long as short
BingX 1000PEPE-USDC+0.0751%8h0.000005166+0.198%$2.3Mas long as short
Binance 1000PEPEUSDT+0.0782%8h0.000005168+0.241%$142.8M$1.44B75xas long as short
Extended 1000PEPE-USD+0.0784%1h0.000005164+0.158%$547K$285K25xas long as short
MEXC PEPE_USDT+0.0784%8h0.000005165+0.184%$98.4M$301.9M300xas long as short
Aevo 1000PEPE-PERP+0.0784%1h0.000005178+0.427%$146K3xas long as short
Aster 1000PEPEUSDT+0.0806%8h0.000005172+0.307%$1.8M$11.6M50xas long as short
Hyperliquid kPEPE+0.0916%1h0.000005178+0.427%$55.3M$154.4M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1132% / S −0.2351%1h0.000005000−3.026%$63K100xas long as short
ApeX Omni 1000PEPEUSDT+0.1244%1h0.000005189+0.640%$157K$818K25xas long as short