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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h +0.060%
Price spread now: Aevo against Paradex+0.157%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 +$8 a day on $10k at the current rate, and Aevo is 0.157% dearer against Paradex than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex kPEPE-USD-PERP0.0000051500.0511pay 0.0511% / 8h1h 47m$6K20x
ShortAevo 1000PEPE-PERP0.0000051580.0776get 0.0097% / 1h47m 10s$146K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo 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

Funding earned
$55.67
Price spread: +0.157% → 0.000%
$15.67
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Aevo: 8 bp × 2 orders
−$16
Net
$51.34
Costs to cover
0.200%
Break-even
0.5 days
Slippage unknown: Paradex: no order-book sample; Aevo: live order book, 62 min ago. 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 Paradex no order-book sample
Sell Aevo live order book, 62 min ago272.79 bp566.2 bp −$566doesn't fitdoesn't fitdoesn't fit
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 PERP−0.0016%1h0.000005164+0.273%$10K$119K12xas long as short
dYdX PEPE-USD0.0000%1h0.000005149−0.025%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005150+0.001%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005158+0.157%$60K$180K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005153+0.063%$101.6M$415.1M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005154+0.079%$164.0M$96.1M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005155+0.095%$25.9M$72.0M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005155+0.092%$615K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005149−0.019%$28K$542K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005162+0.232%$2K$2.6M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005154+0.085%$594K$4.2M75xas long as short
SoDEX 1000PEPE-USD+0.0117%1h0.000005156+0.118%$2K$11K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005154+0.074%$8K15xas long as short
Bitget PEPEUSDT+0.0302%8h0.000005153+0.065%$46.1M$214.2M75xas long as short
ApeX Omni 1000PEPEUSDT+0.0315%1h0.000005149−0.018%$156K$820K25xas long as short
Orderly PERP_1000PEPE_USDC+0.0381%8h0.000005154+0.075%$34K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0417%8h0.000005156+0.118%$48.4M$724.6M50xas long as short
Backpack kPEPE_USDC_PERP+0.0434%1h0.000005156+0.122%$73K$849K15xas long as short
Kraken Futures PF_PEPEUSD+0.0453%1h0.000005154+0.078%$4.7M$16.8M50xas long as short
Paradex kPEPE-USD-PERPlong+0.0511%8h0.000005150long leg$6K20x
Deribit 1000PEPE_USDC-PERPETUAL+0.0527%1h0.000005153+0.060%$73K$127K25xas long as short
BloFin PEPE-USDT+0.0544%8h0.000005158+0.157%$4.6M$29.6M75xas long as short
Lighter 1000PEPE+0.0560%1h0.000005159+0.176%$620K$9.0M10xas long as short
Phemex u1000PEPEUSDT+0.0575%8h0.000005159+0.180%$2.4M$8.0M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.000005163+0.254%$679K$38.7M50xas long as short
01 Exchange kPEPEUSD+0.0648%1h0.000005157+0.137%$622$3K10xas long as short
Nado kPEPE-PERP+0.0730%1h0.000005150−0.005%$163K$956K10xas long as short
BingX 1000PEPE-USDC+0.0749%8h0.000005156+0.118%$2.3Mas long as short
MEXC PEPE_USDT+0.0774%8h0.000005155+0.104%$98.8M$302.6M300xas long as short
Binance 1000PEPEUSDT+0.0774%8h0.000005158+0.147%$142.4M$1.45B75xas long as short
Extended 1000PEPE-USD+0.0776%1h0.000005151+0.018%$547K$286K25xas long as short
Aevo 1000PEPE-PERPshort+0.0776%1h0.000005158+0.157%$146K3x
Aster 1000PEPEUSDT+0.0789%8h0.000005158+0.159%$1.8M$11.6M50xas long as short
Hyperliquid kPEPE+0.0963%1h0.000005159+0.176%$55.2M$154.6M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1133% / S −0.2351%1h0.000005000−2.911%$63K100xas long as short