Funding you earn now, next payment 07:00 UTC−0.0401%/8h= −43.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.180%
Price spread now: dYdX against Backpack−0.047%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and dYdX is 0.047% cheaper against Backpack than usual: you would sell low and buy high (−$5 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 | Backpack kPEPE_USDC_PERP | 0.000005172 | 0.0401 | pay 0.0050% / 1h | 44m 37s | $76K | $854K | 15x |
| Short | dYdX PEPE-USD | 0.000005170 | 0 | get 0.0000% / 1h | 44m 37s | $19K | $95 | 10x |
Backpack kPEPE_USDC_PERP
dYdX PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Backpack. 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
- −$84.18
- Price spread: −0.047% → 0.000%
- −$4.71
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$108.88
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 64 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 64 min ago | 0.10 bp | 6.2 bp −$6 | 25.3 bp −$253 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005128 | −0.858% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USDshort | 0.0000% | 1h | 0.000005170 | −0.047% | $19K | $95 | 10x | |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005158 | −0.275% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005172 | −0.008% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005163 | −0.180% | $101.8M | $415.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005166 | −0.124% | $164.5M | $96.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005171 | −0.027% | $26.0M | $72.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005133 | −0.769% | $612K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005156 | −0.314% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005169 | −0.060% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005165 | −0.139% | $596K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0133% | 1h | 0.000005164 | −0.162% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005166 | −0.119% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0299% | 8h | 0.000005166 | −0.120% | $46.2M | $214.5M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0382% | 8h | 0.000005163 | −0.191% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0401% | 1h | 0.000005172 | long leg | $76K | $854K | 15x | |
| OKX PEPE-USDT-SWAP | +0.0418% | 8h | 0.000005165 | −0.143% | $48.5M | $728.0M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0452% | 1h | 0.000005164 | −0.172% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0505% | 8h | 0.000005171 | −0.020% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0542% | 8h | 0.000005170 | −0.046% | $4.6M | $29.7M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0571% | 8h | 0.000005169 | −0.056% | $2.4M | $8.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0577% | 1h | 0.000005157 | −0.298% | $156K | $821K | 25x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000005171 | −0.027% | $622K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005163 | −0.182% | $680K | $38.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000005173 | +0.012% | $624 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0730% | 1h | 0.000005162 | −0.203% | $164K | $957K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0743% | 8h | 0.000005171 | −0.017% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0770% | 8h | 0.000005175 | +0.050% | $99.6M | $303.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0773% | 8h | 0.000005164 | −0.164% | $143.0M | $1.45B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0776% | 1h | 0.000005169 | −0.065% | $547K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0776% | 1h | 0.000005156 | −0.317% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0785% | 8h | 0.000005165 | −0.133% | $1.8M | $11.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0914% | 1h | 0.000005161 | −0.220% | $74K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0985% | 1h | 0.000005177 | +0.089% | $55.4M | $154.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2351% | 1h | 0.000005000 | −3.333% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]