PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0909%/8h= +99.5% APRnext payment +$1.14 per $10,000 · paid last 24h +0.131%

Price spread now: Injective against dYdX+0.979%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Injective

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 for this trade now. Funding pays +$27 a day on $10k at the current rate, and Injective is 0.979% dearer against dYdX than usual: you sell high and buy low: +$98 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PEPE-USD	0.000004979	0	get 0.0000% / 1h	40m 14s	$18K	$95	10x
Short	Injective PEPE/USDC PERP	0.000005028	0.0909	get 0.0114% / 1h	40m 14s	$4K	$102K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee dYdXbpFee InjectivebpOrdersPrice spread, now +0.979%Rate

Funding earned: $190.82
Price spread: +0.979% → 0.000%: $97.9
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $278.7
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Injective: live order book, 28 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Injective live order book, 28 min ago	22.64 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USDlong	0.0000%	1h	0.000004979	long leg	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004973	−0.116%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004984	+0.095%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004996	+0.334%	$96.7M	$320.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004971	−0.166%	$158.4M	$70.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005000	+0.427%	$24.9M	$59.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004999	+0.393%	$44.3M	$158.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005000	+0.411%	$564K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005038	+1.171%	$27K	$405K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004981	+0.043%	$1K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005000	+0.407%	$562K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004972	−0.145%	$8K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0204%	8h	0.000005000	+0.425%	$2.4M	$6.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0217%	8h	0.000005000	+0.417%	$44.1M	$557.2M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000004990	+0.214%	$33K	$23K	20x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	+0.577%	$4.2M	$24.6M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0318%	1h	0.000005030	+1.019%	$107K	$751K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005004	+0.497%	$645K	$28.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0453%	8h	0.000004985	+0.115%	$6K	$16	20x	as long as short
BingX 1000PEPE-USDT	+0.0466%	8h	0.000004985	+0.121%	—	$258.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0488%	1h	0.000004984	+0.095%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0493%	8h	0.000005005	+0.525%	$94.2M	$288.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0495%	8h	0.000005006	+0.531%	$139.9M	$1.16B	75x	as long as short
Extended 1000PEPE-USD	+0.0496%	1h	0.000004996	+0.328%	$549K	$199K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0505% / S −0.0383%	1h	0.000004000	−19.667%	$64K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0556%	1h	0.000004996	+0.336%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0573%	8h	0.000004975	−0.089%	$1.7M	$8.0M	50x	as long as short
Nado kPEPE-PERP	+0.0665%	1h	0.000004969	−0.196%	$174K	$880K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0753%	1h	0.000004992	+0.256%	$61K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0833%	1h	0.000005001	+0.446%	$3.9M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0900%	1h	0.000005003	+0.475%	$102K	$626K	15x	as long as short
Injective PEPE/USDC PERPshort	+0.0909%	1h	0.000005028	+0.979%	$4K	$102K	12x
01 Exchange kPEPEUSD	+0.0952%	1h	0.000004986	+0.136%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1288%	1h	0.000005011	+0.638%	$651K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2388%	1h	0.000004977	−0.045%	$55.0M	$135.3M	10x	as long as short