Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0343%/8h= +37.6% APRpaid last 24h +0.040%

Price spread now: Paradex against Pacifica+0.024%7-day average — · you sell dearer than you buy

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

Long on Pacifica 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 airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Paradex is 0.024% dearer against Pacifica than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000005219	0.0100	pay 0.0013% / 1h	24m 03s	$66K	$162K	10x
Short	Paradex kPEPE-USD-PERP	0.000005220	0.0443	get 0.0443% / 8h	3h 24m	$6K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now +0.024%Rate

Funding earned: $72.11
Price spread: +0.024% → 0.000%: $2.4
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $62.51
Costs to cover: 0.120%
Break-even: 0.9 days

Slippage unknown: Pacifica: live order book, 29 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 Pacifica live order book, 29 min ago	7.49 bp	16.1 bp −$16	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
dYdX PEPE-USD	0.0000%	1h	0.000005210	−0.173%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005229	+0.184%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+2.069%	$3K	$111K	12x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000005219	long leg	$66K	$162K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005232	+0.243%	$106.8M	$380.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005223	+0.077%	$172.5M	$88.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005228	+0.169%	$25.9M	$68.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005215	−0.086%	$677K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005260	+0.783%	$29K	$533K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005236	+0.328%	$1K	$2.5M	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	0.000005238	+0.362%	$587K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005234	+0.279%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0300%	8h	0.000005232	+0.247%	$50.8M	$190.6M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0394%	8h	0.000005233	+0.266%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0433%	8h	0.000005232	+0.249%	$50.4M	$675.8M	50x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0443%	8h	0.000005220	+0.024%	$6K	—	20x
SoDEX 1000PEPE-USD	+0.0502%	1h	0.000005232	+0.249%	$2K	$10K	10x	as long as short
BloFin PEPE-USDT	+0.0563%	8h	0.000005234	+0.287%	$4.9M	$28.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0652%	8h	0.000005231	+0.222%	$2.5M	$7.6M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005233	+0.268%	$720K	$36.3M	50x	as long as short
BingX 1000PEPE-USDT	+0.0761%	8h	0.000005233	+0.266%	—	$235.6M	—	as long as short
MEXC PEPE_USDT	+0.0799%	8h	0.000005232	+0.247%	$100.7M	$295.7M	300x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005230	+0.211%	$553K	$231K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005226	+0.134%	$148K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0801%	8h	0.000005234	+0.287%	$152.5M	$1.33B	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0843%	1h	0.000005254	+0.671%	$161K	$808K	25x	as long as short
Nado kPEPE-PERP	+0.0884%	1h	0.000005234	+0.296%	$188K	$916K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0898%	1h	0.000005233	+0.268%	$74K	$126K	25x	as long as short
Aster 1000PEPEUSDT	+0.0910%	8h	0.000005229	+0.184%	$1.8M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0959% / S −0.1916%	1h	0.000005000	−4.196%	$64K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.0992%	1h	0.000005238	+0.364%	$632	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1161%	1h	0.000005233	+0.276%	$68K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1232%	1h	0.000005233	+0.268%	$634K	$8.8M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1561%	1h	0.000005229	+0.192%	$4.8M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1583%	1h	0.000005239	+0.383%	$57.0M	$145.7M	10x	as long as short