Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h −0.042%

Price spread now: Paradex against 01 Exchange+0.041%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.041% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000004825	0.0352	pay 0.0044% / 1h	51m 34s	$1K	$2K	10x
Short	Paradex kPEPE-USD-PERP	0.000004827	0.0174	get 0.0174% / 8h	7h 51m	$5K	$16	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$37.35
Price spread: +0.041% → 0.000%: $4.06
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$44.29
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange and 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
Kraken Futures PF_PEPEUSD	−0.0121%	1h	0.000004819	−0.117%	$3.9M	$14.0M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004821	−0.079%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004820	−0.112%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004822	−0.062%	$66.5M	$104.6M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004825	0.000%	$57K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004820	−0.099%	$88.7M	$298.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004822	−0.062%	$153.3M	$64.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004823	−0.037%	$24.0M	$55.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004822	−0.068%	$42.6M	$151.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004801	−0.500%	$554K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004812	−0.264%	$26K	$351K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004834	+0.184%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004823	−0.035%	$547K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004820	−0.097%	$2.3M	$6.5M	50x	as long as short
Lighter 1000PEPE	+0.0104%	1h	0.000004828	+0.062%	$588K	$6.6M	10x	as long as short
SoDEX 1000PEPE-USD	+0.0121%	1h	0.000004821	−0.083%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0174%	8h	0.000004827	+0.041%	$5K	$16	20x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004823	−0.039%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0190%	8h	0.000004822	−0.062%	$43.1M	$508.9M	50x	as long as short
BloFin PEPE-USDT	+0.0313%	8h	0.000004821	−0.083%	$4.0M	$22.9M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0327%	8h	0.000004816	−0.191%	$30K	$13K	20x	as long as short
01 Exchange kPEPEUSDlong	+0.0352%	1h	0.000004825	long leg	$1K	$2K	10x
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004820	−0.104%	$561K	$26.0M	50x	as long as short
Nado kPEPE-PERP	+0.0390%	1h	0.000004824	−0.021%	$181K	$848K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0410% / S −0.0532%	1h	0.000004000	−17.098%	$41K	—	100x	as long as short
BingX 1000PEPE-USDC	+0.0532%	8h	0.000004819	−0.120%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0536%	8h	0.000004822	−0.053%	$136.9M	$1.08B	75x	as long as short
Extended 1000PEPE-USD	+0.0536%	1h	0.000004822	−0.058%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0536%	1h	0.000004794	−0.642%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0537%	8h	0.000004823	−0.044%	$92.5M	$280.0M	300x	as long as short
Aster 1000PEPEUSDT	+0.0541%	8h	0.000004829	+0.083%	$1.5M	$7.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004812	−0.269%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0714%	1h	0.000004821	−0.077%	$93K	$602K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0787%	1h	0.000004817	−0.166%	$100K	$754K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0788%	1h	0.000004820	−0.104%	$78K	$98K	25x	as long as short