Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0605%/8h= −66.2% APRpaid last 24h −0.067%

Price spread now: dYdX against Binance+0.102%7-day average — · you sell dearer than you buy

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. dYdX is 0.102% dearer against Binance than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000PEPEUSDT	0.000005040	0.0605	pay 0.0605% / 8h	5h 39m	$141.3M	$1.20B	75x
Short	dYdX PEPE-USD	0.000005045	0	get 0.0000% / 1h	39m 07s	$19K	$95	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$127.01
Price spread: +0.102% → 0.000%: $10.24
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$136.77
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 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 Binance live order book, 5 min ago	0.69 bp	7.8 bp −$8	13.0 bp −$130	38.8 bp −$3,878	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
dYdX PEPE-USDshort	0.0000%	1h	0.000005045	+0.102%	$19K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005035	−0.102%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005049	+0.182%	$64K	$136K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005035	−0.096%	$98.5M	$334.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005039	−0.016%	$165.3M	$74.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005040	−0.005%	$25.3M	$62.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005045	+0.101%	$46.4M	$171.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005050	+0.192%	$680K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005056	+0.327%	$27K	$423K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005058	+0.364%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005048	+0.156%	$575K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005045	+0.096%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0309%	8h	0.000005040	+0.003%	$45.8M	$582.2M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0315%	8h	0.000005041	+0.017%	$33K	$24K	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0346%	1h	0.000005036	−0.076%	$61K	$114K	25x	as long as short
BloFin PEPE-USDT	+0.0424%	8h	0.000005043	+0.063%	$4.3M	$25.1M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0557%	1h	0.000005040	+0.003%	$2K	$12K	10x	as long as short
BingX 1000PEPE-USDT	+0.0565%	8h	0.000005042	+0.049%	—	$260.8M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0572% / S −0.0881%	1h	0.000005000	−0.790%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005053	+0.261%	$836K	$31.0M	50x	as long as short
Aevo 1000PEPE-PERP	+0.0600%	1h	0.000005043	+0.063%	$143K	—	3x	as long as short
MEXC PEPE_USDT	+0.0602%	8h	0.000005042	+0.051%	$95.9M	$287.8M	300x	as long as short
Binance 1000PEPEUSDTlong	+0.0605%	8h	0.000005040	long leg	$141.3M	$1.20B	75x
Extended 1000PEPE-USD	+0.0608%	1h	0.000005037	−0.056%	$536K	$221K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0671%	8h	0.000005045	+0.101%	$2.4M	$7.0M	50x	as long as short
Aster 1000PEPEUSDT	+0.0700%	8h	0.000005044	+0.079%	$1.8M	$9.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0757%	8h	0.000005042	+0.043%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0901%	1h	0.000005049	+0.175%	$184K	$866K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0928%	1h	0.000005039	−0.018%	$98K	$618K	15x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+1.293%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0984%	1h	0.000005060	+0.400%	$610	$3K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0992%	1h	0.000005065	+0.499%	$99K	$752K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.1381%	1h	0.000005039	−0.016%	$4.2M	$15.1M	50x	as long as short
Lighter 1000PEPE	+0.1472%	1h	0.000005042	+0.043%	$716K	$8.0M	10x	as long as short
Hyperliquid kPEPE	+0.1813%	1h	0.000005048	+0.162%	$55.5M	$137.3M	10x	as long as short