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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0800%/8h= −87.6% APRnext payment $1.00 per $10,000 · paid last 24h −0.110%
Price spread now: dYdX against Aevo−0.545%7-day average · you buy dearer than you sell
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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and dYdX is 0.545% cheaper against Aevo than usual: you would sell low and buy high (−$54 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000PEPE-PERP0.0000053060.0800pay 0.0100% / 1h30m 47s$150K3x
ShortdYdX PEPE-USD0.0000052770get 0.0000% / 1h30m 47s$19K$9510x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Aevo. 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
−$168
Price spread: −0.545% → 0.000%
−$54.46
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$248.46
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: live order book, 23 min ago; dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 23 min ago1010.05 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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-USDshort0.0000%1h0.000005277−0.545%$19K$9510x
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000005311+0.085%$15K150xas long as short
Injective PEPE/USDC PERP+0.0092%1h0.000005327+0.396%$3K$111K12xas long as short
Pacifica kPEPE+0.0100%1h0.000005288−0.339%$70K$155K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.0000053060.000%$107.9M$378.0M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005308+0.038%$175.9M$87.8M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005318+0.219%$26.6M$68.1M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005312+0.105%$747K$5.1Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005295−0.200%$53K$509K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005321+0.286%$2K$2.5M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005317+0.213%$608K$3.9M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005314+0.147%$8K15xas long as short
Bitget PEPEUSDT+0.0287%8h0.000005311+0.098%$51.8M$189.8M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0388%8h0.000005314+0.158%$36K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0434%8h0.000005309+0.057%$51.9M$682.4M50xas long as short
SoDEX 1000PEPE-USD+0.0495%1h0.000005317+0.207%$2K$10K10xas long as short
BloFin PEPE-USDT+0.0560%8h0.000005312+0.113%$5.0M$28.5M75xas long as short
Phemex u1000PEPEUSDT+0.0630%8h0.000005320+0.256%$2.6M$7.5M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0712%1h0.000005320+0.264%$651K$36.7M50xas long as short
Paradex kPEPE-USD-PERP+0.0755%8h0.000005279−0.510%$6K20xas long as short
BingX 1000PEPE-USDT+0.0763%8h0.000005315+0.162%$235.0Mas long as short
MEXC PEPE_USDT+0.0796%8h0.000005319+0.247%$104.6M$294.9M300xas long as short
Binance 1000PEPEUSDT+0.0798%8h0.000005314+0.158%$155.0M$1.32B75xas long as short
Extended 1000PEPE-USD+0.0800%1h0.000005319+0.244%$562K$226K25xas long as short
Aevo 1000PEPE-PERPlong+0.0800%1h0.000005306long leg$150K3x
ApeX Omni 1000PEPEUSDT+0.0804%1h0.000005291−0.283%$162K$808K25xas long as short
Nado kPEPE-PERP+0.0860%1h0.000005312+0.119%$191K$916K10xas long as short
Aster 1000PEPEUSDT+0.0914%8h0.000005306−0.002%$1.9M$10.3M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0939% / S −0.1863%1h0.000005000−5.767%$65K100xas long as short
01 Exchange kPEPEUSD+0.1032%1h0.000005311+0.094%$641$3K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.1069%1h0.000005315+0.170%$75K$126K25xas long as short
Backpack kPEPE_USDC_PERP+0.1225%1h0.000005323+0.317%$69K$724K15xas long as short
Lighter 1000PEPE+0.1248%1h0.000005317+0.207%$701K$8.7M10xas long as short
Kraken Futures PF_PEPEUSD+0.1535%1h0.000005319+0.250%$4.9M$16.4M50xas long as short
Hyperliquid kPEPE+0.1645%1h0.000005315+0.170%$58.1M$145.2M10xas long as short