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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0758%/8h= +83.0% APRpaid last 24h +0.067%
Price spread now: Binance against dYdX+0.121%7-day average · you sell dearer than you buy
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 6 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 for this trade now. Funding pays +$23 a day on $10k at the current rate, and Binance is 0.121% dearer against dYdX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX PEPE-USD0.0000051640get 0.0000% / 1h0m 14s$19K$9510x
ShortBinance 1000PEPEUSDT0.0000051700.0758get 0.0758% / 8h1h 00m$142.2M$1.47B75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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
$159.08
Price spread: +0.121% → 0.000%
$12.09
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$151.17
Costs to cover
0.200%
Break-even
0.3 days
Slippage unknown: dYdX: no order-book sample; Binance: live order book, 14 min ago. 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 dYdX no order-book sample
Sell Binance live order book, 14 min ago0.10 bp7.2 bp −$713.6 bp −$13635.0 bp −$3,499doesn't fit
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
Injective PEPE/USDC PERP−0.0016%1h0.000005162−0.038%$8K$120K12xas long as short
dYdX PEPE-USDlong0.0000%1h0.000005164long leg$19K$9510x
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005168+0.072%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005169+0.097%$60K$182K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005171+0.136%$101.3M$422.1M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005169+0.097%$164.5M$98.0M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005174+0.186%$606K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005170+0.113%$28K$545K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005181+0.336%$1K$2.7M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000005175+0.204%$601K$4.2M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PEPEUSDTM+0.0109%8h0.000005174+0.194%$26.5M$72.7M75xas long as short
SoDEX 1000PEPE-USD+0.0182%1h0.000005173+0.175%$2K$11K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005172+0.154%$8K15xas long as short
Bitget PEPEUSDT+0.0283%8h0.000005170+0.109%$46.3M$216.6M75xas long as short
OKX PEPE-USDT-SWAP+0.0399%8h0.000005172+0.156%$47.8M$739.2M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0401%8h0.000005169+0.103%$34K$26K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0441%1h0.000005174+0.194%$150K$830K25xas long as short
Kraken Futures PF_PEPEUSD+0.0451%1h0.000005170+0.115%$4.7M$16.5M50xas long as short
Backpack kPEPE_USDC_PERP+0.0471%1h0.000005175+0.214%$76K$867K15xas long as short
Phemex u1000PEPEUSDT+0.0517%8h0.000005174+0.190%$2.4M$8.1M50xas long as short
BloFin PEPE-USDT+0.0518%8h0.000005178+0.272%$4.4M$30.0M75xas long as short
Paradex kPEPE-USD-PERP+0.0521%8h0.000005170+0.118%$6K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.000005176+0.233%$698K$39.2M50xas long as short
01 Exchange kPEPEUSD+0.0680%1h0.000005180+0.310%$625$3K10xas long as short
Nado kPEPE-PERP+0.0705%1h0.000005167+0.053%$165K$954K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0718%1h0.000005172+0.156%$74K$127K25xas long as short
BingX 1000PEPE-USDC+0.0723%8h0.000005172+0.161%$2.3Mas long as short
Lighter 1000PEPE+0.0736%1h0.000005175+0.214%$618K$9.1M10xas long as short
Aster 1000PEPEUSDT+0.0745%8h0.000005169+0.091%$1.8M$11.7M50xas long as short
MEXC PEPE_USDT+0.0755%8h0.000005170+0.127%$100.8M$307.6M300xas long as short
Binance 1000PEPEUSDTshort+0.0758%8h0.000005170+0.121%$142.2M$1.47B75x
Extended 1000PEPE-USD+0.0760%1h0.000005171+0.144%$542K$286K25xas long as short
Aevo 1000PEPE-PERP+0.0760%1h0.000005171+0.136%$146K3xas long as short
Hyperliquid kPEPE+0.0959%1h0.000005176+0.233%$53.8M$157.0M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1133% / S −0.2249%1h0.000005000−3.175%$64K100xas long as short