PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0341%/8h= +37.4% APRnext payment +$0.43 per $10,000 · paid last 24h +0.124%

Price spread now: Deribit against dYdX−0.258%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Deribit

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. Deribit is 0.258% cheaper against dYdX than usual: you would sell low and buy high (spread −0.258% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 2.5 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PEPE-USD	0.000005090	0	get 0.0000% / 1h	35m 11s	$19K	$95	10x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000005077	0.0341	get 0.0043% / 1h	35m 11s	$72K	$127K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.258%Rate

Funding earned: $71.66
Price spread: −0.258% → 0.000%: −$25.8
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $28.86
Costs to cover: 0.170%
Break-even: 4.2 days

Slippage unknown: dYdX: no order-book sample; Deribit: live order book, 39 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 Deribit live order book, 39 min ago	27.35 bp	30.8 bp −$31	doesn't fit	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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005083	−0.140%	$9K	$120K	12x	as long as short
dYdX PEPE-USDlong	0.0000%	1h	0.000005090	long leg	$19K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005090	−0.012%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005094	+0.076%	$59K	$181K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005076	−0.284%	$99.9M	$417.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005073	−0.337%	$161.6M	$96.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005074	−0.311%	$25.6M	$72.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005114	+0.461%	$611K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005128	+0.736%	$28K	$542K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005089	−0.032%	$1K	$2.6M	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	0.000005066	−0.468%	$585K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0160%	1h	0.000005082	−0.160%	$2K	$11K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0188%	1h	0.000005132	+0.822%	$155K	$822K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005081	−0.178%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0292%	8h	0.000005077	−0.254%	$45.5M	$215.4M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUALshort	+0.0341%	1h	0.000005077	−0.258%	$72K	$127K	25x
Backpack kPEPE_USDC_PERP	+0.0378%	1h	0.000005078	−0.234%	$71K	$856K	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0387%	8h	0.000005081	−0.172%	$33K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0411%	8h	0.000005079	−0.219%	$47.2M	$720.5M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0460%	1h	0.000005078	−0.229%	$4.6M	$16.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0503%	8h	0.000005090	+0.006%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0535%	8h	0.000005078	−0.238%	$4.5M	$29.2M	75x	as long as short
Lighter 1000PEPE	+0.0544%	1h	0.000005080	−0.199%	$606K	$9.0M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0586%	8h	0.000005080	−0.199%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005086	−0.081%	$685K	$38.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0672%	1h	0.000005095	+0.096%	$615	$3K	10x	as long as short
BingX 1000PEPE-USDT	+0.0733%	8h	0.000005078	−0.238%	—	$217.6M	—	as long as short
Nado kPEPE-PERP	+0.0762%	1h	0.000005085	−0.109%	$163K	$959K	10x	as long as short
Extended 1000PEPE-USD	+0.0768%	1h	0.000005079	−0.222%	$538K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0768%	1h	0.000005083	−0.140%	$144K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0768%	8h	0.000005080	−0.207%	$140.0M	$1.46B	75x	as long as short
MEXC PEPE_USDT	+0.0771%	8h	0.000005076	−0.268%	$96.6M	$304.0M	300x	as long as short
Aster 1000PEPEUSDT	+0.0773%	8h	0.000005081	−0.177%	$1.8M	$11.7M	50x	as long as short
Hyperliquid kPEPE	+0.0980%	1h	0.000005084	−0.121%	$54.0M	$155.4M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1130% / S −0.2257%	1h	0.000005000	−1.771%	$63K	—	100x	as long as short