Funding you earn now, next payment 06:00 UTC−0.0526%/8h= −57.6% APRnext payment −$0.66 per $10,000 · paid last 24h −0.115%
Price spread now: dYdX against Deribit−0.379%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 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 −$16 a day on $10k at the current rate, and dYdX is 0.379% cheaper against Deribit than usual: you would sell low and buy high (−$38 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005158 | 0.0526 | pay 0.0066% / 1h | 6m 33s | $74K | $127K | 25x |
| Short | dYdX PEPE-USD | 0.000005138 | 0 | get 0.0000% / 1h | 6m 33s | $19K | $95 | 10x |
Deribit 1000PEPE_USDC-PERPETUAL
dYdX PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Deribit. 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
- −$110.48
- Price spread: −0.379% → 0.000%
- −$37.86
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$165.34
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: 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 Deribit live order book, 7 min ago | 27.35 bp | 30.8 bp −$31 | doesn't fit | 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 | 0.000005138 | −0.379% | $19K | $95 | 10x | |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005154 | −0.083% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005144 | −0.271% | $59K | $178K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005134 | −0.465% | $100.4M | $410.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005141 | −0.330% | $162.8M | $95.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005144 | −0.269% | $26.1M | $71.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005142 | −0.318% | $614K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005135 | −0.443% | $28K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005165 | +0.140% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005160 | +0.039% | $586K | $4.2M | 75x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0184% | 1h | 0.000005161 | +0.058% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005138 | −0.388% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0322% | 8h | 0.000005137 | −0.409% | $45.7M | $212.7M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0383% | 8h | 0.000005163 | +0.089% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0422% | 8h | 0.000005137 | −0.407% | $47.2M | $712.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0526% | 1h | 0.000005158 | long leg | $74K | $127K | 25x | |
| Paradex kPEPE-USD-PERP | +0.0547% | 8h | 0.000005139 | −0.363% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0549% | 8h | 0.000005159 | +0.019% | $4.3M | $29.3M | 75x | as long as short |
| Lighter 1000PEPE | +0.0592% | 1h | 0.000005147 | −0.213% | $621K | $9.1M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0611% | 8h | 0.000005163 | +0.093% | $2.4M | $7.9M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0651% | 1h | 0.000005135 | −0.447% | $159K | $951K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0660% | 1h | 0.000005160 | +0.037% | $67K | $842K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005157 | −0.019% | $694K | $38.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005141 | −0.330% | $620 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0760% | 8h | 0.000005140 | −0.341% | — | $239.9M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0784% | 1h | 0.000005139 | −0.368% | $156K | $817K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0797% | 8h | 0.000005142 | −0.302% | $98.5M | $304.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0797% | 8h | 0.000005142 | −0.307% | $143.0M | $1.43B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005139 | −0.376% | $544K | $281K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005162 | +0.078% | $146K | — | 3x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0828% | 1h | 0.000005158 | +0.004% | $4.7M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0831% | 8h | 0.000005143 | −0.301% | $1.8M | $11.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1025% | 1h | 0.000005152 | −0.116% | $54.8M | $153.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2351% | 1h | 0.000005000 | −3.063% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005158 | 0.000% | $10K | $119K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
ApeX Omni 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP