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

PEPE

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0582%/8h= −63.7% APRnext payment $0.73 per $10,000 · paid last 24h −0.024%
Price spread now: dYdX against Deribit−0.004%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$17 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit 1000PEPE_USDC-PERPETUAL0.0000048110.0582pay 0.0073% / 1h1m 39s$81K$94K25x
ShortdYdX PEPE-USD0.0000048110get 0.0000% / 1h1m 39s$18K$9510x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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
−$122.25
Price spread: −0.004% → 0.000%
−$0.4
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$139.65
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample
Sell dYdX no order-book sample
Deribit and 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%1h0.000004811−0.004%$18K$9510x
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004805−0.114%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004817+0.125%$58.8M$73.3M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004816+0.104%$59K$113K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004813+0.042%$87.5M$276.0M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004807−0.083%$150.3M$62.4M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004808−0.060%$24.9M$53.3M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004797−0.285%$551K$3.9Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004808−0.069%$27K$342K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004819+0.166%$1K$2.4M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000004815+0.073%$553K$3.4M75xas long as short
Bitget PEPEUSDT+0.0185%8h0.000004817+0.131%$42.5M$151.0M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004810−0.016%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0189%8h0.000004817+0.125%$41.5M$486.7M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0215% / S −0.0087%1h0.000004000−16.857%$54K100xas long as short
BloFin PEPE-USDT+0.0305%8h0.000004819+0.166%$3.9M$21.9M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0427%8h0.000004814+0.056%$29K$11K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004823+0.249%$577K$25.2M50xas long as short
Phemex u1000PEPEUSDT+0.0513%8h0.000004810−0.017%$2.3M$6.4M50xas long as short
Paradex kPEPE-USD-PERP+0.0534%8h0.000004809−0.036%$5K$1620xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004823+0.249%$4K$110K12xas long as short
Deribit 1000PEPE_USDC-PERPETUALlong+0.0582%1h0.000004811long leg$81K$94K25x
Lighter 1000PEPE+0.0736%1h0.000004819+0.166%$572K$5.3M10xas long as short
Nado kPEPE-PERP+0.0743%1h0.000004812+0.025%$188K$848K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0746%1h0.000004808−0.062%$102K$764K25xas long as short
SoDEX 1000PEPE-USD+0.0747%1h0.0000048110.000%$2K$9K10xas long as short
Backpack kPEPE_USDC_PERP+0.0757%1h0.000004810−0.012%$93K$624K15xas long as short
Kraken Futures PF_PEPEUSD+0.0761%1h0.000004810−0.011%$3.9M$13.1M50xas long as short
BingX 1000PEPE-USDT+0.0831%8h0.000004815+0.075%$254.7Mas long as short
Aevo 1000PEPE-PERP+0.0872%1h0.000004816+0.104%$136K3xas long as short
MEXC PEPE_USDT+0.0874%8h0.000004817+0.129%$91.6M$292.8M300xas long as short
Extended 1000PEPE-USD+0.0880%1h0.000004813+0.038%$529K$147K25xas long as short
Binance 1000PEPEUSDT+0.0881%8h0.000004819+0.162%$128.8M$1.02B75xas long as short
Aster 1000PEPEUSDT+0.0906%8h0.000004814+0.069%$1.5M$6.9M50xas long as short
01 Exchange kPEPEUSD+0.1168%1h0.000004821+0.208%$552$2K10xas long as short