Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.3711%/8h= −406.4% APRpaid last 24h +0.135%

Price spread now: MEXC against dYdX+0.262%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 MEXC

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. MEXC is 0.262% dearer against dYdX than usual: you sell high and buy low (spread +0.262% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$111 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PEPE-USD	0.000004958	0.4354	pay 0.0544% / 1h	20m 59s	$25K	$12K	10x
Short	MEXC PEPE_USDT	0.000004971	0.0643	get 0.0643% / 8h	7h 20m	$97.6M	$311.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.262%Rate

Funding earned: −$779.38
Price spread: +0.262% → 0.000%: $26.21
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$763.17
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.40 bp	1.4 bp −$1	10.7 bp −$107	46.7 bp −$4,668	78.5 bp −$39.2K

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
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005078	+2.430%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004955	−0.051%	$58K	$188K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004964	+0.133%	$96.5M	$445.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004965	+0.151%	$155.8M	$101.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004995	+0.747%	$641K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005050	+1.868%	$35K	$558K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004977	+0.387%	$1K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004969	+0.224%	$577K	$4.3M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0104%	1h	0.000004971	+0.272%	$2K	$11K	10x	as long as short
Injective PEPE/USDC PERP	+0.0147%	1h	0.000004989	+0.635%	$6K	$121K	12x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0162%	8h	0.000004977	+0.395%	$26.0M	$75.1M	75x	as long as short
Bitget PEPEUSDT	+0.0182%	8h	0.000004956	−0.024%	$44.6M	$225.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004964	+0.137%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0321%	8h	0.000004966	+0.171%	$45.8M	$737.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0353%	1h	0.000004975	+0.353%	$71K	$125K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0369%	1h	0.000004969	+0.234%	$72K	$969K	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0392%	8h	0.000004953	−0.092%	$6K	—	20x	as long as short
Hyperliquid kPEPE	+0.0403%	1h	0.000004973	+0.312%	$51.5M	$161.2M	10x	as long as short
BloFin PEPE-USDT	+0.0441%	8h	0.000004971	+0.272%	$4.4M	$30.0M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0442%	8h	0.000004975	+0.361%	$32K	$30K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0468%	1h	0.000005049	+1.846%	$148K	$839K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000004976	+0.373%	$692K	$39.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0536%	1h	0.000004926	−0.636%	$594	$2K	10x	as long as short
Lighter 1000PEPE	+0.0592%	1h	0.000004970	+0.252%	$585K	$9.1M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0594%	8h	0.000004972	+0.290%	$2.3M	$8.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0618%	8h	0.000004973	+0.321%	—	$2.3M	—	as long as short
Kraken Futures PF_PEPEUSD	+0.0638%	1h	0.000004970	+0.257%	$4.6M	$17.0M	50x	as long as short
Extended 1000PEPE-USD	+0.0640%	1h	0.000004975	+0.348%	$519K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000004986	+0.575%	$141K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0643%	8h	0.000004969	+0.230%	$135.8M	$1.54B	75x	as long as short
MEXC PEPE_USDTshort	+0.0643%	8h	0.000004971	+0.262%	$97.6M	$311.1M	300x
Aster 1000PEPEUSDT	+0.0667%	8h	0.000004968	+0.213%	$1.7M	$12.2M	50x	as long as short
Nado kPEPE-PERP	+0.0710%	1h	0.000004961	+0.081%	$153K	$973K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0970% / S −0.1091%	1h	0.000004000	−19.314%	$49K	—	100x	as long as short
dYdX PEPE-USDlong	+0.4354%	1h	0.000004958	long leg	$25K	$12K	10x