Funding you earn now, next payment 02:00 UTC−0.2553%/8h= −279.6% APRnext payment −$3.19 per $10,000 · paid last 24h −0.124%
Price spread now: dYdX against Hyperliquid−0.535%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$77 a day on $10k at the current rate, and dYdX is 0.535% cheaper against Hyperliquid than usual: you would sell low and buy high (−$53 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kPEPE | 0.000005000 | 0.2553 | pay 0.0319% / 1h | 53m 23s | $55.1M | $134.4M | 10x |
| Short | dYdX PEPE-USD | 0.000004973 | 0 | get 0.0000% / 1h | 53m 23s | $18K | $95 | 10x |
Hyperliquid kPEPE
dYdX PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$536.19
- Price spread: −0.535% → 0.000%
- −$53.49
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$608.69
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 11 min ago | 2.98 bp | 7.5 bp −$7 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
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-USDshort | 0.0000% | 1h | 0.000004973 | −0.535% | $18K | $95 | 10x | |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004989 | −0.224% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004977 | −0.460% | $59K | $122K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004988 | −0.240% | $96.4M | $315.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004985 | −0.300% | $159.2M | $69.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004991 | −0.172% | $25.1M | $58.7M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004990 | −0.192% | $44.0M | $157.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004938 | −1.245% | $556K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004983 | −0.338% | $46K | $386K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004981 | −0.380% | $106K | $751K | 25x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004965 | −0.696% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004939 | −1.226% | $548K | $3.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004951 | −0.980% | $2.4M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004992 | −0.160% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0194% | 8h | 0.000004992 | −0.160% | $43.9M | $549.6M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0253% | 1h | 0.000004959 | −0.820% | $2K | $12K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0271% | 8h | 0.000004994 | −0.118% | $32K | $22K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0317% | 8h | 0.000004949 | −1.020% | $4.2M | $24.2M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0353% | 8h | 0.000004970 | −0.598% | $6K | $16 | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000004937 | −1.260% | $570K | $28.0M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0444% | 8h | 0.000004993 | −0.134% | — | $257.9M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0464% | 1h | 0.000004947 | −1.060% | $140K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0468% | 8h | 0.000004989 | −0.214% | $93.6M | $287.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0471% | 8h | 0.000004996 | −0.082% | $137.5M | $1.15B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0472% | 1h | 0.000004984 | −0.316% | $546K | $199K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0503% / S −0.0409% | 1h | 0.000004000 | −20.000% | $62K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0524% | 8h | 0.000004983 | −0.338% | $1.7M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0590% | 1h | 0.000004964 | −0.720% | $100K | $621K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0715% | 1h | 0.000004990 | −0.199% | $172K | $880K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0761% | 1h | 0.000004949 | −1.020% | $60K | $114K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0824% | 1h | 0.000004995 | −0.100% | $1K | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0840% | 1h | 0.000004958 | −0.836% | $3.9M | $14.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000004967 | −0.660% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.1136% | 1h | 0.000004979 | −0.420% | $643K | $6.8M | 10x | as long as short |
| Hyperliquid kPEPElong | +0.2553% | 1h | 0.000005000 | long leg | $55.1M | $134.4M | 10x |
SunX 1000PEPE-USDT
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Lighter 1000PEPE