PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0760%/8h= +83.2% APRnext payment +$0.95 per $10,000 · paid last 24h +0.121%

Price spread now: Kraken Futures against dYdX−0.143%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 Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.143% cheaper against dYdX than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 15 hours of funding at the current rate (+$23 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PEPE-USD	0.000004826	0	get 0.0000% / 1h	10m 31s	$18K	$95	10x
Short	Kraken Futures PF_PEPEUSD	0.000004819	0.0760	get 0.0095% / 1h	10m 31s	$3.9M	$13.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.143%Rate

Funding earned: $159.58
Price spread: −0.143% → 0.000%: −$14.25
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $125.32
Costs to cover: 0.200%
Break-even: 1.5 days

Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	4.68 bp	9.9 bp −$10	13.9 bp −$139	88.8 bp −$8,879	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	0.000004826	long leg	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004817	−0.181%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004830	+0.088%	$58.4M	$72.4M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004830	+0.088%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004834	+0.169%	$87.9M	$275.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004825	−0.016%	$150.7M	$62.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004830	+0.090%	$25.0M	$53.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004810	−0.321%	$559K	$3.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004818	−0.163%	$27K	$342K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004828	+0.053%	$2K	$2.4M	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	0.000004815	−0.231%	$554K	$3.4M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0175%	8h	0.000004838	+0.254%	$41.6M	$488.2M	50x	as long as short
Bitget PEPEUSDT	+0.0183%	8h	0.000004829	+0.059%	$42.6M	$150.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004825	−0.016%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0287%	8h	0.000004831	+0.109%	$3.9M	$21.9M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−17.111%	$52K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0414%	8h	0.000004824	−0.039%	$29K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004817	−0.181%	$579K	$25.1M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0502%	8h	0.000004834	+0.177%	$2.3M	$6.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0525%	8h	0.000004829	+0.072%	$5K	$16	20x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004814	−0.244%	$4K	$110K	12x	as long as short
Lighter 1000PEPE	+0.0704%	1h	0.000004837	+0.233%	$603K	$5.3M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0706%	1h	0.000004834	+0.167%	$93K	$624K	15x	as long as short
Nado kPEPE-PERP	+0.0731%	1h	0.000004836	+0.209%	$189K	$848K	10x	as long as short
Kraken Futures PF_PEPEUSDshort	+0.0760%	1h	0.000004819	−0.143%	$3.9M	$13.1M	50x
ApeX Omni 1000PEPEUSDT	+0.0765%	1h	0.000004818	−0.161%	$102K	$761K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0785%	1h	0.000004819	−0.140%	$2K	$9K	10x	as long as short
BingX 1000PEPE-USDT	+0.0820%	8h	0.000004831	+0.100%	—	$254.7M	—	as long as short
Extended 1000PEPE-USD	+0.0864%	1h	0.000004827	+0.018%	$529K	$147K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0864%	1h	0.000004816	−0.202%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0865%	8h	0.000004830	+0.086%	$91.9M	$292.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0870%	8h	0.000004833	+0.149%	$128.8M	$1.02B	75x	as long as short
Aster 1000PEPEUSDT	+0.0902%	8h	0.000004823	−0.066%	$1.5M	$6.8M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0995%	1h	0.000004824	−0.036%	$82K	$94K	25x	as long as short
01 Exchange kPEPEUSD	+0.1208%	1h	0.000004840	+0.295%	$554	$2K	10x	as long as short