Funding you earn now, next payment 08:00 UTC−0.0439%/8h= −48.0% APRnext payment −$4.39 per $10,000 · paid last 24h −0.044%
Price spread now: Bybit against Paradex−0.174%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.174% cheaper against Paradex than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex kPEPE-USD-PERP | 0.000005000 | 0.0539 | pay 0.0539% / 8h | 2h 30m | $6K | — | 20x |
| Short | Bybit 1000PEPEUSDT | 0.000004991 | 0.0100 | get 0.0100% / 8h | 2h 30m | $98.1M | $403.9M | 50x |
Paradex kPEPE-USD-PERP
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$92.14
- Price spread: −0.174% → 0.000%
- −$17.42
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$124.56
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 4 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 1.00 bp | 9.9 bp −$10 | 14.9 bp −$149 | 33.3 bp −$3,329 | 179.9 bp −$90.0K |
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 | 0.000004992 | −0.160% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004989 | −0.218% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004997 | −0.054% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000004991 | −0.174% | $98.1M | $403.9M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004991 | −0.174% | $161.0M | $93.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004996 | −0.072% | $24.9M | $70.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005001 | +0.020% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005003 | +0.075% | $27K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004999 | −0.006% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005002 | +0.044% | $560K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0178% | 1h | 0.000004994 | −0.114% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004996 | −0.070% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0336% | 8h | 0.000004993 | −0.126% | $44.9M | $209.5M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0403% | 8h | 0.000004992 | −0.152% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0418% | 8h | 0.000004994 | −0.114% | $46.2M | $681.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERPlong | +0.0539% | 8h | 0.000005000 | long leg | $6K | — | 20x | |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005006 | +0.126% | $4.4M | $27.9M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0627% | 8h | 0.000004992 | −0.148% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0630% | 1h | 0.000005009 | +0.178% | $73K | $830K | 15x | as long as short |
| Lighter 1000PEPE | +0.0640% | 1h | 0.000004998 | −0.034% | $593K | $9.0M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0640% | 1h | 0.000004998 | −0.034% | $603 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000004999 | −0.014% | $635K | $36.7M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0745% | 1h | 0.000004994 | −0.108% | $165K | $942K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0753% | 1h | 0.000004992 | −0.154% | $71K | $127K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0764% | 1h | 0.000005005 | +0.106% | $154K | $813K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0765% | 8h | 0.000004993 | −0.124% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0790% | 8h | 0.000004994 | −0.123% | $140.2M | $1.41B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000004993 | −0.143% | $530K | $277K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0792% | 8h | 0.000004998 | −0.042% | $96.0M | $301.4M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004992 | −0.154% | $141K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0844% | 8h | 0.000004995 | −0.099% | $1.7M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0856% | 1h | 0.000004991 | −0.173% | $4.6M | $16.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1003% | 1h | 0.000005000 | +0.006% | $52.6M | $152.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1112% / S −0.2084% | 1h | 0.000004000 | −19.995% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | +0.686% | $3K | $111K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP