PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1615%/8h= +176.8% APRnext payment +$2.02 per $10,000 · paid last 24h +0.148%

Price spread now: Hyperliquid against dYdX+0.229%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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Hyperliquid is 0.229% dearer against dYdX than usual: you sell high and buy low: +$23 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	0.000005009	0	get 0.0000% / 1h	17m 35s	$18K	$95	10x
Short	Hyperliquid kPEPE	0.000005020	0.1615	get 0.0202% / 1h	17m 35s	$53.5M	$139.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.229%Rate

Funding earned: $339.11
Price spread: +0.229% → 0.000%: $22.86
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $342.97
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago	2.98 bp	17.5 bp −$18	27.2 bp −$272	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	0.000005009	long leg	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005000	−0.175%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005015	+0.129%	$64K	$139K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005010	+0.029%	$97.4M	$339.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005009	+0.009%	$163.9M	$75.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005013	+0.089%	$25.8M	$63.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005020	+0.220%	$680K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005027	+0.365%	$27K	$444K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005026	+0.342%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005006	−0.051%	$569K	$3.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0125%	8h	0.000005013	+0.087%	$46.0M	$172.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005006	−0.054%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0319%	8h	0.000005009	+0.007%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0340%	8h	0.000005011	+0.049%	$45.4M	$585.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0350%	1h	0.000005005	−0.071%	$71K	$124K	25x	as long as short
BloFin PEPE-USDT	+0.0455%	8h	0.000005022	+0.269%	$4.3M	$25.0M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0556%	1h	0.000005009	+0.009%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0563%	1h	0.000005028	+0.388%	$99K	$755K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005023	+0.289%	$929K	$31.4M	50x	as long as short
BingX 1000PEPE-USDC	+0.0593%	8h	0.000005010	+0.031%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0617% / S −0.1118%	1h	0.000005000	−0.171%	$47K	—	100x	as long as short
MEXC PEPE_USDT	+0.0637%	8h	0.000005014	+0.115%	$95.4M	$290.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0637%	8h	0.000005014	+0.117%	$140.2M	$1.21B	75x	as long as short
Extended 1000PEPE-USD	+0.0640%	1h	0.000005009	+0.008%	$530K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000005009	+0.009%	$142K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0728%	8h	0.000005014	+0.116%	$1.8M	$9.1M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0768%	8h	0.000005010	+0.025%	$2.4M	$7.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0812%	8h	0.000005013	+0.079%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0813%	1h	0.000005006	−0.051%	$183K	$871K	10x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005015	+0.129%	$605	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0970%	1h	0.000005010	+0.027%	$96K	$627K	15x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+1.926%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1232%	1h	0.000005016	+0.149%	$670K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1390%	1h	0.000005006	−0.050%	$4.3M	$15.2M	50x	as long as short
Hyperliquid kPEPEshort	+0.1615%	1h	0.000005020	+0.229%	$53.5M	$139.4M	10x