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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h +0.070%
Price spread now: Extended against Paradex+0.037%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 · Extended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.037% dearer against Paradex than usual: you sell high and buy low: +$4 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-PERP0.0000051460.0461pay 0.0461% / 8h11m 21s$6K20x
ShortExtended 1000PEPE-USD0.0000051480.0712get 0.0089% / 1h11m 21s$542K$282K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$52.77
Price spread: +0.037% → 0.000%
$3.7
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$47.47
Costs to cover
0.090%
Break-even
0.7 days
Slippage unknown: Paradex: no order-book sample; Extended: live order book, 26 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 Extended live order book, 26 min ago3.88 bp8.4 bp −$844.2 bp −$442doesn'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
dYdX PEPE-USD0.0000%1h0.000005143−0.051%$19K$64910xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005148+0.044%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005148+0.037%$60K$184K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005152+0.114%$99.4M$430.6M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005149+0.056%$163.3M$99.6M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005150+0.070%$613K$5.4Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005148+0.037%$28K$549K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005173+0.513%$1K$2.7M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000005168+0.431%$603K$4.2M75xas long as short
SoDEX 1000PEPE-USD+0.0126%1h0.000005162+0.309%$2K$11K10xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PEPEUSDTM+0.0132%8h0.000005151+0.087%$27.0M$74.2M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005155+0.182%$8K15xas long as short
Bitget PEPEUSDT+0.0246%8h0.000005154+0.155%$46.4M$220.4M75xas long as short
ApeX Omni 1000PEPEUSDT+0.0327%1h0.000005154+0.153%$150K$834K25xas long as short
OKX PEPE-USDT-SWAP+0.0361%8h0.000005153+0.134%$47.7M$748.3M50xas long as short
Injective PEPE/USDC PERP+0.0404%1h0.000005142−0.080%$8K$120K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0415%8h0.000005154+0.146%$34K$26K20xas long as short
Phemex u1000PEPEUSDT+0.0451%8h0.000005162+0.299%$2.4M$8.1M50xas long as short
Paradex kPEPE-USD-PERPlong+0.0461%8h0.000005146long leg$6K20x
BloFin PEPE-USDT+0.0482%8h0.000005161+0.289%$4.5M$30.4M75xas long as short
Backpack kPEPE_USDC_PERP+0.0505%1h0.000005156+0.182%$78K$891K15xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0525%1h0.000005163+0.328%$74K$127K25xas long as short
Lighter 1000PEPE+0.0528%1h0.000005152+0.114%$618K$9.1M10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0544%1h0.000005163+0.328%$675K$39.9M50xas long as short
BingX 1000PEPE-USDT+0.0685%8h0.000005154+0.147%$175.0Mas long as short
01 Exchange kPEPEUSD+0.0704%1h0.000005151+0.095%$621$2K10xas long as short
MEXC PEPE_USDT+0.0711%8h0.000005154+0.157%$101.5M$309.2M300xas long as short
Kraken Futures PF_PEPEUSD+0.0711%1h0.000005158+0.236%$4.8M$16.7M50xas long as short
Binance 1000PEPEUSDT+0.0712%8h0.000005153+0.141%$141.9M$1.50B75xas long as short
Extended 1000PEPE-USDshort+0.0712%1h0.000005148+0.037%$542K$282K25x
Aevo 1000PEPE-PERP+0.0712%1h0.000005165+0.367%$146K3xas long as short
Aster 1000PEPEUSDT+0.0718%8h0.000005157+0.209%$1.7M$12.0M50xas long as short
Nado kPEPE-PERP+0.0718%1h0.000005151+0.091%$164K$959K10xas long as short
Hyperliquid kPEPE+0.0910%1h0.000005157+0.212%$53.7M$159.3M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1068% / S −0.1281%1h0.000005000−2.839%$50K100xas long as short