PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0873%/8h= +95.6% APRnext payment +$1.09 per $10,000 · paid last 24h +0.117%

Price spread now: Injective against dYdX+0.736%98s7-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 Injective

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 +$26 a day on $10k at the current rate, and Injective is 0.736% dearer against dYdX than usual: you sell high and buy low: +$74 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PEPE-USD	0.000004838	0	get 0.0000% / 1h	35m 35s	$18K	$95	10x
Short	Injective PEPE/USDC PERP	0.000004874	0.0873	get 0.0109% / 1h	35m 35s	$4K	$103K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.736%Rate

Funding earned: $183.39
Price spread: +0.736% → 0.000%: $73.64
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $247
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Injective: live order book, 48 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 Injective live order book, 48 min ago	22.68 bp	22.7 bp −$23	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
dYdX PEPE-USDlong	0.0000%	1h	0.000004838	long leg	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004847	+0.174%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004846	+0.158%	$597K	$5.5M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004838	−0.008%	$61.9M	$78.2M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004843	+0.096%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004845	+0.143%	$87.6M	$279.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004841	+0.054%	$151.6M	$62.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004841	+0.058%	$24.9M	$53.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004864	+0.528%	$583K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004858	+0.401%	$27K	$343K	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	0.000004862	+0.486%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004848	+0.199%	$2K	$9K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004850	+0.242%	$549K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0155%	8h	0.000004847	+0.176%	$42.7M	$151.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004847	+0.172%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0204%	8h	0.000004848	+0.199%	$41.8M	$494.0M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0213% / S −0.0093%	1h	0.000004000	−17.328%	$54K	—	100x	as long as short
BloFin PEPE-USDT	+0.0323%	8h	0.000004858	+0.406%	$3.9M	$22.3M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0379%	8h	0.000004844	+0.113%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0407%	8h	0.000004842	+0.081%	$2.3M	$6.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0443%	8h	0.000004851	+0.259%	$30K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004853	+0.302%	$616K	$25.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.0472%	1h	0.000004849	+0.220%	$555	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0575%	1h	0.000004850	+0.240%	$82K	$94K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0619%	1h	0.000004844	+0.110%	$91K	$614K	15x	as long as short
Nado kPEPE-PERP	+0.0730%	1h	0.000004845	+0.130%	$186K	$854K	10x	as long as short
BingX 1000PEPE-USDC	+0.0823%	8h	0.000004841	+0.056%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0832%	8h	0.000004846	+0.154%	$130.6M	$1.03B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0832%	1h	0.000004855	+0.344%	$137K	—	3x	as long as short
MEXC PEPE_USDT	+0.0836%	8h	0.000004843	+0.089%	$91.9M	$283.5M	300x	as long as short
Extended 1000PEPE-USD	+0.0840%	1h	0.000004847	+0.186%	$532K	$148K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0841%	1h	0.000004868	+0.612%	$104K	$764K	25x	as long as short
Aster 1000PEPEUSDT	+0.0860%	8h	0.000004844	+0.118%	$1.5M	$7.0M	50x	as long as short
Injective PEPE/USDC PERPshort	+0.0873%	1h	0.000004874	+0.736%	$4K	$103K	12x
Kraken Futures PF_PEPEUSD	+0.1316%	1h	0.000004845	+0.144%	$4.0M	$13.3M	50x	as long as short