PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0898%/8h= −98.3% APRnext payment −$1.12 per $10,000 · paid last 24h −0.126%

Price spread now: dYdX against Backpack−0.270%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on dYdX

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

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and dYdX is 0.270% cheaper against Backpack than usual: you would sell low and buy high (−$27 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	Backpack kPEPE_USDC_PERP	0.000005112	0.0898	pay 0.0112% / 1h	56m 46s	$100K	$610K	15x
Short	dYdX PEPE-USD	0.000005098	0	get 0.0000% / 1h	56m 46s	$19K	$95	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now −0.270%Rate

Funding earned: −$188.49
Price spread: −0.270% → 0.000%: −$27.03
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$235.52
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 7 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 Backpack live order book, 7 min ago	0.89 bp	17.2 bp −$17	42.6 bp −$426	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 34 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	0.000005098	−0.270%	$19K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005097	−0.291%	$18K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005103	−0.182%	$63K	$128K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005129	+0.331%	$100.1M	$327.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005112	−0.006%	$164.0M	$72.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005115	+0.055%	$25.6M	$61.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005136	+0.467%	$48.1M	$167.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005100	−0.248%	$681K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005107	−0.107%	$27K	$424K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005109	−0.055%	$2K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005108	−0.084%	$582K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005104	−0.165%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0280%	8h	0.000005136	+0.464%	$46.4M	$585.5M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0298%	8h	0.000005106	−0.115%	$33K	$24K	20x	as long as short
BingX 1000PEPE-USDC	+0.0530%	8h	0.000005126	+0.276%	—	$2.3M	—	as long as short
Phemex u1000PEPEUSDT	+0.0535%	8h	0.000005105	−0.141%	$2.4M	$7.0M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0541% / S −0.0937%	1h	0.000005000	−2.197%	$48K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000005103	−0.182%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0566%	8h	0.000005123	+0.215%	$97.4M	$285.4M	300x	as long as short
Extended 1000PEPE-USD	+0.0568%	1h	0.000005115	+0.056%	$562K	$199K	25x	as long as short
Binance 1000PEPEUSDT	+0.0569%	8h	0.000005135	+0.446%	$145.4M	$1.18B	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005108	−0.084%	$926K	$30.8M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0647%	1h	0.000005110	−0.045%	$106K	$749K	25x	as long as short
Aster 1000PEPEUSDT	+0.0671%	8h	0.000005111	−0.018%	$1.7M	$8.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0700%	8h	0.000005101	−0.219%	$6K	—	20x	as long as short
SoDEX 1000PEPE-USD	+0.0834%	1h	0.000005103	−0.182%	$2K	$12K	10x	as long as short
Nado kPEPE-PERP	+0.0857%	1h	0.000005104	−0.167%	$194K	$858K	10x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.0898%	1h	0.000005112	long leg	$100K	$610K	15x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0927%	1h	0.000005103	−0.182%	$62K	$114K	25x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	−0.143%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.1104%	1h	0.000005122	+0.190%	$618	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1364%	1h	0.000005103	−0.190%	$4.1M	$14.6M	50x	as long as short
Lighter 1000PEPE	+0.1520%	1h	0.000005113	+0.014%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2044%	1h	0.000005141	+0.561%	$56.8M	$136.7M	10x	as long as short