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

PEPE

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.020%
Price spread now: dYdX against Pacifica−0.150%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.150% cheaper against Pacifica than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica kPEPE0.0000048030.0100pay 0.0013% / 1h34m 11s$59K$113K10x
ShortdYdX PEPE-USD0.0000047960get 0.0000% / 1h34m 11s$18K$9510x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Pacifica. 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
−$21
Price spread: −0.150% → 0.000%
−$14.97
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$53.97
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 53 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 53 min ago6.08 bp13.9 bp −$14doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USDshort0.0000%1h0.000004796−0.150%$18K$9510x
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004796−0.146%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004800−0.062%$56.7M$69.9M10xas long as short
Pacifica kPEPElong+0.0100%1h0.000004803long leg$59K$113K10x
Bybit 1000PEPEUSDT+0.0100%8h0.000004799−0.092%$88.6M$273.0M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004796−0.146%$148.5M$61.7M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004798−0.102%$23.7M$52.3M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004799−0.076%$705K$3.7Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004821+0.375%$27K$337K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004810+0.146%$1K$2.4M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000004801−0.035%$553K$3.6M75xas long as short
OKX PEPE-USDT-SWAP+0.0127%8h0.000004802−0.021%$41.3M$487.7M50xas long as short
Bitget PEPEUSDT+0.0169%8h0.000004799−0.083%$43.2M$152.1M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004801−0.036%$7K15xas long as short
BloFin PEPE-USDT+0.0241%8h0.000004806+0.062%$3.9M$21.7M75xas long as short
Lighter 1000PEPE+0.0288%1h0.000004802−0.021%$591K$5.1M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0318% / S −0.0217%1h0.000004000−16.719%$52K100xas long as short
Paradex kPEPE-USD-PERP+0.0370%8h0.000004804+0.022%$5K$1620xas long as short
Orderly PERP_1000PEPE_USDC+0.0374%8h0.000004800−0.065%$30K$10K20xas long as short
Backpack kPEPE_USDC_PERP+0.0423%1h0.000004805+0.035%$95K$623K15xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004804+0.021%$584K$25.4M50xas long as short
Phemex u1000PEPEUSDT+0.0474%8h0.000004805+0.042%$2.3M$6.3M50xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004805+0.042%$4K$92K12xas long as short
SoDEX 1000PEPE-USD+0.0616%1h0.000004802−0.021%$2K$9K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0670%1h0.000004816+0.271%$100K$758K25xas long as short
Nado kPEPE-PERP+0.0670%1h0.000004803−0.004%$179K$865K10xas long as short
Kraken Futures PF_PEPEUSD+0.0762%1h0.000004803−0.001%$3.9M$13.0M50xas long as short
BingX 1000PEPE-USDC+0.0766%8h0.000004798−0.100%$2.3Mas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0792%1h0.000004802−0.021%$81K$94K25xas long as short
Aevo 1000PEPE-PERP+0.0808%1h0.000004806+0.062%$136K3xas long as short
MEXC PEPE_USDT+0.0809%8h0.000004802−0.021%$89.8M$289.3M300xas long as short
Binance 1000PEPEUSDT+0.0815%8h0.000004805+0.037%$127.4M$1.01B75xas long as short
Extended 1000PEPE-USD+0.0816%1h0.000004801−0.046%$526K$146K25xas long as short
Aster 1000PEPEUSDT+0.0849%8h0.000004805+0.042%$1.5M$6.7M50xas long as short
01 Exchange kPEPEUSD+0.1240%1h0.000004808+0.104%$551$2K10xas long as short