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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0401%/8h= −44.0% APRnext payment $0.50 per $10,000 · paid last 24h −0.092%
Price spread now: dYdX against SoDEX−0.336%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 3 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 against this trade now: funding costs −$12 a day on $10k at the current rate, and dYdX is 0.336% cheaper against SoDEX than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX 1000PEPE-USD0.0000050380.0401pay 0.0050% / 1h50m 28s$2K$10K10x
ShortdYdX PEPE-USD0.0000050210get 0.0000% / 1h50m 28s$18K$9510x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against SoDEX. 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
−$84.3
Price spread: −0.336% → 0.000%
−$33.55
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$135.86
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SoDEX: 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 SoDEX no order-book sample
Sell dYdX no order-book sample
SoDEX 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
dYdX PEPE-USDshort0.0000%1h0.000005021−0.336%$18K$9510x
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000005011−0.532%$3K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005026−0.238%$63K$165K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005013−0.496%$98.8M$399.7M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005016−0.437%$160.3M$92.5M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005024−0.272%$25.0M$70.2M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005035−0.067%$596K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004979−1.163%$27K$536K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005043+0.107%$2K$2.6M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000005022−0.320%$562K$4.1M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya kPEPERUSDPERP+0.0189%1h0.000005018−0.389%$8K15xas long as short
Bitget PEPEUSDT+0.0343%8h0.000005020−0.351%$45.5M$208.5M75xas long as short
SoDEX 1000PEPE-USDlong+0.0401%1h0.000005038long leg$2K$10K10x
OKX PEPE-USDT-SWAP+0.0409%8h0.000005017−0.417%$46.5M$678.2M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0414%8h0.000005018−0.407%$33K$27K20xas long as short
BloFin PEPE-USDT+0.0531%8h0.0000050380.000%$4.8M$27.9M75xas long as short
Paradex kPEPE-USD-PERP+0.0544%8h0.000005020−0.349%$6K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0585%1h0.000004982−1.112%$153K$812K25xas long as short
Backpack kPEPE_USDC_PERP+0.0649%1h0.000005034−0.079%$73K$826K15xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0680%1h0.000005040+0.040%$620K$36.8M50xas long as short
Phemex u1000PEPEUSDT+0.0691%8h0.000005037−0.020%$2.4M$7.8M50xas long as short
01 Exchange kPEPEUSD+0.0704%1h0.000005031−0.139%$607$3K10xas long as short
Lighter 1000PEPE+0.0720%1h0.000005030−0.159%$602K$9.0M10xas long as short
BingX 1000PEPE-USDT+0.0778%8h0.000005016−0.441%$238.3Mas long as short
Nado kPEPE-PERP+0.0780%1h0.000005024−0.272%$169K$940K10xas long as short
Aevo 1000PEPE-PERP+0.0800%1h0.000005052+0.278%$143K3xas long as short
MEXC PEPE_USDT+0.0806%8h0.000005023−0.292%$96.8M$298.6M300xas long as short
Extended 1000PEPE-USD+0.0808%1h0.000005022−0.325%$533K$262K25xas long as short
Binance 1000PEPEUSDT+0.0809%8h0.000005018−0.399%$142.1M$1.39B75xas long as short
Kraken Futures PF_PEPEUSD+0.0848%1h0.000005035−0.055%$4.6M$16.7M50xas long as short
Aster 1000PEPEUSDT+0.0881%8h0.000005021−0.347%$1.7M$11.0M50xas long as short
Hyperliquid kPEPE+0.1031%1h0.000005025−0.258%$53.3M$150.6M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1051% / S −0.1949%1h0.000005000−0.754%$64K100xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.1140%1h0.000005042+0.079%$72K$127K25xas long as short
Injective PEPE/USDC PERP+0.1379%1h0.000004976−1.231%$3K$111K12xas long as short