Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.4760%/8h= +521.2% APRpaid last 24h +0.087%

Price spread now: dYdX against BloFin−0.050%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on dYdX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.050% cheaper against BloFin than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about under an hour of funding at the current rate (+$143 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PEPE-USDT	0.000004960	0.0220	pay 0.0220% / 8h	4h 09m	$4.3M	$28.0M	75x
Short	dYdX PEPE-USD	0.000004958	0.4980	get 0.0622% / 1h	9m 52s	$25K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $999.57
Price spread: −0.050% → 0.000%: −$5.01
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $972.55
Costs to cover: 0.220%
Break-even: 0.2 days

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	2.02 bp	8.0 bp −$8	9.7 bp −$97	23.2 bp −$2,323	73.3 bp −$36.7K
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 exchanges

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	−0.0232%	1h	0.000004953	−0.131%	$4.6M	$16.1M	50x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000004952	−0.165%	$4K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004960	0.000%	$637K	$9.1M	10x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	0.000004955	−0.101%	$140K	—	3x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004958	−0.046%	$139K	$941K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004956	−0.081%	$50.7M	$156.5M	10x	as long as short
Aster 1000PEPEUSDT	+0.0100%	8h	0.000004966	+0.111%	$1.7M	$12.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004959	−0.020%	$59K	$198K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	0.000004965	+0.099%	$128.3M	$1.54B	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004960	+0.002%	$93.0M	$446.7M	50x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004963	+0.060%	$45.1M	$725.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004961	+0.020%	$149.9M	$104.5M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	0.000004968	+0.153%	$101.0M	$293.5M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004961	+0.016%	$24.8M	$76.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004961	+0.020%	$43.7M	$235.9M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	0.000004960	0.000%	—	$2.3M	—	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004955	−0.097%	$74K	$1.0M	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004954	−0.118%	$680K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004969	+0.188%	$26K	$575K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004969	+0.181%	$110K	$872K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004967	+0.145%	$1K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004955	−0.101%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004958	−0.050%	$581K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004952	−0.161%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0103%	8h	0.000004957	−0.051%	$15K	$5K	20x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	0.000004960	+0.009%	$520K	$288K	25x	as long as short
01 Exchange kPEPEUSD	+0.0128%	1h	0.000004956	−0.081%	$598	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0154%	1h	0.000004956	−0.081%	$61K	$119K	25x	as long as short
Injective PEPE/USDC PERP	+0.0176%	1h	0.000004904	−1.129%	$3K	$123K	12x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004952	−0.157%	$7K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0199%	8h	0.000004956	−0.091%	$31K	$30K	20x	as long as short
BloFin PEPE-USDTlong	+0.0220%	8h	0.000004960	long leg	$4.3M	$28.0M	75x
Coinbase International 1000PEPE-PERP-INTX	+0.0320%	1h	0.000004955	−0.101%	$699K	$38.7M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0704% / S −0.0635%	1h	0.000004000	−19.355%	$55K	—	100x	as long as short
dYdX PEPE-USDshort	+0.4980%	1h	0.000004958	−0.050%	$25K	$18K	10x