Funding you earn now, next payment 23:00 UTC−0.0583%/8h= −63.8% APRnext payment −$0.73 per $10,000 · paid last 24h −0.107%
Price spread now: dYdX against Backpack−0.126%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$17 a day on $10k at the current rate, and dYdX is 0.126% cheaper against Backpack than usual: you would sell low and buy high (−$13 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 | 0.000004809 | 0.0583 | pay 0.0073% / 1h | 20m 47s | $92K | $615K | 15x |
| Short | dYdX PEPE-USD | 0.000004803 | 0 | get 0.0000% / 1h | 20m 47s | $18K | $95 | 10x |
Backpack kPEPE_USDC_PERP
dYdX PEPE-USDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$122.33
- Price spread: −0.126% → 0.000%
- −$12.63
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$154.96
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 63 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, 63 min ago | 0.10 bp | 13.7 bp −$14 | 36.5 bp −$365 | 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 | 0.000004803 | −0.126% | $18K | $95 | 10x | |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004811 | +0.035% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004809 | +0.002% | $668K | $5.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004803 | −0.123% | $62.8M | $80.6M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004816 | +0.148% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004804 | −0.096% | $86.9M | $281.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004806 | −0.060% | $150.2M | $63.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004808 | −0.017% | $24.8M | $54.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004813 | +0.083% | $537K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004812 | +0.075% | $27K | $343K | 20x | as long as short |
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004823 | +0.295% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004817 | +0.168% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004819 | +0.204% | $544K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0130% | 8h | 0.000004807 | −0.046% | $42.3M | $152.1M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004815 | +0.128% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0206% | 8h | 0.000004809 | +0.002% | $41.8M | $492.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0311% | 8h | 0.000004804 | −0.098% | $5K | $16 | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0314% / S −0.0332% | 1h | 0.000004000 | −16.821% | $43K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0325% | 8h | 0.000004815 | +0.127% | $3.9M | $22.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0359% | 8h | 0.000004813 | +0.087% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0408% | 1h | 0.000004816 | +0.148% | $552 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004815 | +0.127% | $594K | $25.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0449% | 8h | 0.000004814 | +0.110% | $29K | $11K | 20x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0583% | 1h | 0.000004809 | long leg | $92K | $615K | 15x | |
| ApeX Omni 1000PEPEUSDT | +0.0605% | 1h | 0.000004813 | +0.085% | $102K | $763K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0752% | 1h | 0.000004815 | +0.129% | $186K | $853K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0766% | 8h | 0.000004807 | −0.048% | — | $256.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0781% | 8h | 0.000004808 | −0.010% | $130.3M | $1.04B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0784% | 1h | 0.000004805 | −0.089% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000004816 | +0.148% | $136K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0788% | 8h | 0.000004809 | +0.004% | $91.4M | $285.0M | 300x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0789% | 1h | 0.000004816 | +0.148% | $81K | $94K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0802% | 8h | 0.000004813 | +0.080% | $1.5M | $7.1M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004814 | +0.106% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1325% | 1h | 0.000004815 | +0.125% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Deribit 1000PEPE_USDC-PERPETUAL
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD