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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0796%/8h= +87.2% APRpaid last 24h +0.067%
Price spread now: Binance against dYdX+0.074%7-day average · you sell dearer than you buy
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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Binance is 0.074% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX PEPE-USD0.0000050750get 0.0000% / 1h20m 51s$19K$9510x
ShortBinance 1000PEPEUSDT0.0000050790.0796get 0.0796% / 8h2h 20m$142.4M$1.41B75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$167.25
Price spread: +0.074% → 0.000%
$7.42
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$154.67
Costs to cover
0.200%
Break-even
0.5 days
Slippage unknown: dYdX: no order-book sample; Binance: live order book, 8 min ago. 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 dYdX no order-book sample
Sell Binance live order book, 8 min ago0.10 bp7.2 bp −$712.7 bp −$12732.6 bp −$3,263doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USDlong0.0000%1h0.000005075long leg$19K$9510x
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000005058−0.341%$3K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005069−0.120%$58K$177K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005076+0.018%$99.4M$406.1M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005074−0.021%$162.5M$94.5M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005081+0.117%$25.1M$71.0M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005062−0.265%$602K$5.4Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005026−0.958%$28K$538K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005068−0.144%$1K$2.6M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000005072−0.055%$568K$4.1M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya kPEPERUSDPERP+0.0189%1h0.000005072−0.068%$8K15xas long as short
SoDEX 1000PEPE-USD+0.0242%1h0.000005063−0.238%$2K$10K10xas long as short
Bitget PEPEUSDT+0.0333%8h0.000005079+0.085%$45.4M$210.9M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0396%8h0.000005062−0.260%$33K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0423%8h0.000005088+0.254%$46.9M$698.2M50xas long as short
BloFin PEPE-USDT+0.0546%8h0.000005063−0.238%$4.4M$28.3M75xas long as short
Paradex kPEPE-USD-PERP+0.0565%8h0.000005062−0.267%$6K20xas long as short
Phemex u1000PEPEUSDT+0.0633%8h0.000005066−0.179%$2.4M$7.9M50xas long as short
Backpack kPEPE_USDC_PERP+0.0649%1h0.000005066−0.187%$74K$833K15xas long as short
Lighter 1000PEPE+0.0672%1h0.000005084+0.176%$602K$9.1M10xas long as short
01 Exchange kPEPEUSD+0.0672%1h0.000005076+0.018%$612$3K10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0680%1h0.000005065−0.199%$641K$37.2M50xas long as short
Nado kPEPE-PERP+0.0683%1h0.000005071−0.072%$168K$944K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0717%1h0.000005024−1.007%$154K$813K25xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0739%1h0.000005061−0.278%$72K$127K25xas long as short
BingX 1000PEPE-USDT+0.0751%8h0.000005078+0.051%$239.3Mas long as short
Extended 1000PEPE-USD+0.0792%1h0.000005080+0.089%$536K$277K25xas long as short
MEXC PEPE_USDT+0.0792%8h0.000005078+0.063%$97.1M$302.6M300xas long as short
Aevo 1000PEPE-PERP+0.0792%1h0.000005062−0.258%$143K3xas long as short
Binance 1000PEPEUSDTshort+0.0796%8h0.000005079+0.074%$142.4M$1.41B75x
Aster 1000PEPEUSDT+0.0844%8h0.000005078+0.048%$1.8M$11.2M50xas long as short
Kraken Futures PF_PEPEUSD+0.0844%1h0.000005057−0.355%$4.6M$16.7M50xas long as short
Hyperliquid kPEPE+0.0998%1h0.000005084+0.176%$53.9M$152.6M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1130% / S −0.2171%1h0.000005000−1.480%$64K100xas long as short
Injective PEPE/USDC PERP+0.1379%1h0.000005027−0.948%$3K$111K12xas long as short