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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.4921%/8h= +538.9% APRnext payment +$6.15 per $10,000 · paid last 24h −0.002%
Price spread now: dYdX against gTrade (Gains Network)+0.110%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 4 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 +$148 a day on $10k at the current rate, and dYdX is 0.110% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) PEPE/USD0.000004988L +0.0005% / S −0.0005%pay 0.0001% / 1h1m 25s$3K150x
ShortdYdX PEPE-USD0.0000049930.4927get 0.0616% / 1h1m 25s$25K$12K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against gTrade (Gains Network). 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
$1,033.51
Price spread: +0.110% → 0.000%
$11.03
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
$1,024.54
Costs to cover
0.200%
Break-even
0.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; dYdX: no order-book sample. 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 gTrade (Gains Network) no order-book sample
Sell dYdX no order-book sample
gTrade (Gains Network) and 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
gTrade (Gains Network) PEPE/USDlongL +0.0005% / S −0.0005%1h0.000004988long leg$3K150x
Pacifica kPEPE+0.0100%1h0.000005007+0.387%$57K$197K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005006+0.373%$96.4M$447.0M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005008+0.407%$159.9M$103.5M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005002+0.280%$652K$5.4Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004994+0.134%$27K$568K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004990+0.046%$145K$846K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005012+0.493%$2K$2.6M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000005007+0.387%$2K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004990+0.046%$583K$4.2M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PEPEUSDTM+0.0135%8h0.000005007+0.397%$25.7M$75.9M75xas long as short
Bitget PEPEUSDT+0.0135%8h0.000005008+0.399%$44.6M$225.7M75xas long as short
Injective PEPE/USDC PERP+0.0147%1h0.000005011+0.467%$6K$121K12xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0150%1h0.000005006+0.367%$57K$139K25xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005006+0.372%$8K15xas long as short
Phemex u1000PEPEUSDT+0.0216%8h0.000005011+0.467%$2.3M$8.0M50xas long as short
Lighter 1000PEPE+0.0264%1h0.000005008+0.407%$592K$9.1M10xas long as short
OKX PEPE-USDT-SWAP+0.0281%8h0.000005007+0.387%$45.8M$743.0M50xas long as short
Hyperliquid kPEPE+0.0284%1h0.000005013+0.507%$51.6M$161.6M10xas long as short
Paradex kPEPE-USD-PERP+0.0289%8h0.000005003+0.303%$6K20xas long as short
Backpack kPEPE_USDC_PERP+0.0329%1h0.000004992+0.076%$66K$959K15xas long as short
BloFin PEPE-USDT+0.0407%8h0.000004993+0.106%$4.4M$30.0M75xas long as short
01 Exchange kPEPEUSD+0.0416%1h0.000005003+0.307%$603$2K10xas long as short
Orderly PERP_1000PEPE_USDC+0.0432%8h0.000005008+0.413%$32K$31K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0504%1h0.000005010+0.447%$665K$39.4M50xas long as short
Nado kPEPE-PERP+0.0556%1h0.000005010+0.444%$152K$950K10xas long as short
Aevo 1000PEPE-PERP+0.0560%1h0.000005007+0.387%$142K3xas long as short
Binance 1000PEPEUSDT+0.0564%8h0.000005010+0.439%$132.2M$1.55B75xas long as short
Extended 1000PEPE-USD+0.0568%1h0.000005005+0.341%$525K$286K25xas long as short
MEXC PEPE_USDT+0.0569%8h0.000005011+0.465%$99.4M$313.8M300xas long as short
Aster 1000PEPEUSDT+0.0588%8h0.000005009+0.429%$1.8M$12.3M50xas long as short
BingX 1000PEPE-USDC+0.0588%8h0.000005007+0.387%$2.3Mas long as short
Kraken Futures PF_PEPEUSD+0.0633%1h0.000005005+0.356%$4.6M$17.1M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0926% / S −0.1034%1h0.000005000+0.247%$50K100xas long as short
dYdX PEPE-USDshort+0.4927%1h0.000004993+0.110%$25K$12K10x