Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%
Price spread now: dYdX against Bybit−0.230%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 −$3 a day on $10k at the current rate, and dYdX is 0.230% cheaper against Bybit than usual: you would sell low and buy high (−$23 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 | Bybit 1000PEPEUSDT | 0.000005252 | 0.0100 | pay 0.0100% / 8h | 3h 20m | $106.6M | $382.8M | 50x |
| Short | dYdX PEPE-USD | 0.000005240 | 0 | get 0.0000% / 1h | 20m 07s | $19K | $95 | 10x |
Bybit 1000PEPEUSDT
dYdX PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bybit. 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
- −$21
- Price spread: −0.230% → 0.000%
- −$23.02
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$65.02
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.96 bp | 9.7 bp −$10 | 14.4 bp −$144 | 35.6 bp −$3,557 | 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 | 0.000005240 | −0.230% | $19K | $95 | 10x | |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005258 | +0.112% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +1.434% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005243 | −0.166% | $66K | $162K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000005252 | long leg | $106.6M | $382.8M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005253 | +0.025% | $172.9M | $88.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005259 | +0.135% | $26.2M | $68.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005213 | −0.745% | $661K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005239 | −0.244% | $29K | $534K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005274 | +0.421% | $1K | $2.5M | 20x | as long as short |
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005264 | +0.232% | $590K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005256 | +0.083% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0310% | 8h | 0.000005258 | +0.110% | $51.1M | $190.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0401% | 8h | 0.000005271 | +0.368% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0431% | 8h | 0.000005256 | +0.082% | $50.8M | $680.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0471% | 8h | 0.000005251 | −0.019% | $6K | — | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0475% | 1h | 0.000005267 | +0.291% | $2K | $10K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0565% | 8h | 0.000005222 | −0.566% | $4.9M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0653% | 8h | 0.000005261 | +0.168% | $2.5M | $7.6M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005274 | +0.425% | $710K | $36.7M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0762% | 8h | 0.000005253 | +0.015% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005270 | +0.348% | $149K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0806% | 8h | 0.000005258 | +0.122% | $99.7M | $296.4M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005265 | +0.262% | $556K | $231K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0810% | 8h | 0.000005255 | +0.062% | $152.7M | $1.34B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0858% | 1h | 0.000005252 | 0.000% | $189K | $917K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0903% | 1h | 0.000005243 | −0.166% | $161K | $808K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0912% | 8h | 0.000005252 | +0.008% | $1.8M | $10.4M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0972% / S −0.1946% | 1h | 0.000005000 | −4.793% | $65K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005255 | +0.063% | $634 | $3K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1080% | 1h | 0.000005270 | +0.348% | $75K | $126K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1154% | 1h | 0.000005261 | +0.183% | $69K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1200% | 1h | 0.000005263 | +0.215% | $635K | $8.8M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1550% | 1h | 0.000005267 | +0.284% | $4.8M | $16.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1564% | 1h | 0.000005260 | +0.158% | $57.2M | $145.9M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE