PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0218%/8h= +23.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.089%

Price spread now: Backpack against dYdX+0.503%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Backpack

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Backpack is 0.503% dearer against dYdX than usual: you sell high and buy low: +$50 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PEPE-USD	0.000004804	0	get 0.0000% / 1h	53m 06s	$18K	$95	10x
Short	Backpack kPEPE_USDC_PERP	0.000004828	0.0218	get 0.0027% / 1h	53m 06s	$110K	$619K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now +0.503%Rate

Funding earned: $45.74
Price spread: +0.503% → 0.000%: $50.27
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $76
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 35 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 35 min ago	0.10 bp	5.3 bp −$5	17.2 bp −$172	doesn't fit	doesn't fit

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-USDlong	0.0000%	1h	0.000004804	long leg	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004830	+0.548%	$13K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004827	+0.480%	$55.9M	$68.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004812	+0.168%	$57K	$108K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004822	+0.369%	$88.4M	$272.0M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004827	+0.480%	$41.3M	$487.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004827	+0.480%	$147.2M	$60.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004826	+0.463%	$23.6M	$48.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004889	+1.780%	$719K	$3.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004900	+1.999%	$28K	$336K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004836	+0.663%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004842	+0.800%	$550K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0181%	8h	0.000004823	+0.392%	$43.6M	$148.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004841	+0.775%	$7K	—	15x	as long as short
Lighter 1000PEPE	+0.0200%	1h	0.000004827	+0.480%	$540K	$5.0M	10x	as long as short
Backpack kPEPE_USDC_PERPshort	+0.0218%	1h	0.000004828	+0.503%	$110K	$619K	15x
BloFin PEPE-USDT	+0.0220%	8h	0.000004828	+0.501%	$3.9M	$21.6M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0312% / S −0.0264%	1h	0.000004000	−16.735%	$47K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0344%	8h	0.000004817	+0.276%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0348%	8h	0.000004823	+0.405%	$30K	$10K	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0372%	1h	0.000004826	+0.459%	$81K	$94K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0447%	8h	0.000004834	+0.628%	$2.3M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004826	+0.459%	$584K	$25.3M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004814	+0.209%	$4K	$92K	12x	as long as short
SoDEX 1000PEPE-USD	+0.0560%	1h	0.000004827	+0.480%	$2K	$9K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0699%	1h	0.000004891	+1.812%	$101K	$755K	25x	as long as short
Nado kPEPE-PERP	+0.0744%	1h	0.000004838	+0.716%	$180K	$868K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0759%	1h	0.000004824	+0.422%	$3.8M	$12.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0760%	8h	0.000004827	+0.484%	—	$254.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0791%	8h	0.000004828	+0.509%	$129.7M	$1.01B	75x	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000004826	+0.453%	$532K	$146K	25x	as long as short
MEXC PEPE_USDT	+0.0792%	8h	0.000004827	+0.474%	$97.7M	$285.7M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000004828	+0.501%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0841%	8h	0.000004835	+0.654%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1688%	1h	0.000004901	+2.020%	$561	$2K	10x	as long as short