PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h −0.124%

Price spread now: dYdX against Deribit+0.282%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on dYdX

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. dYdX is 0.282% dearer against Deribit than usual: you sell high and buy low (spread +0.282% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000PEPE_USDC-PERPETUAL	0.000005133	0.0140	pay 0.0017% / 1h	45m 46s	$73K	$127K	25x
Short	dYdX PEPE-USD	0.000005147	0	get 0.0000% / 1h	45m 46s	$19K	$95	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now +0.282%Rate

Funding earned: −$29.36
Price spread: +0.282% → 0.000%: $28.22
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$18.14
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: live order book, 28 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 Deribit live order book, 28 min ago	27.35 bp	30.8 bp −$31	doesn't fit	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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005164	+0.604%	$10K	$119K	12x	as long as short
dYdX PEPE-USDshort	0.0000%	1h	0.000005147	+0.282%	$19K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005128	−0.097%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005155	+0.429%	$60K	$180K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005130	−0.068%	$101.1M	$415.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005128	−0.097%	$163.5M	$96.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005135	+0.031%	$25.8M	$72.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005155	+0.422%	$615K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005149	+0.311%	$28K	$542K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005138	+0.094%	$2K	$2.6M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005132	−0.019%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005136	+0.049%	$592K	$4.2M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.0140%	1h	0.000005133	long leg	$73K	$127K	25x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005129	−0.082%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0300%	8h	0.000005131	−0.045%	$45.9M	$214.4M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0315%	1h	0.000005149	+0.312%	$156K	$820K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0381%	8h	0.000005139	+0.117%	$34K	$26K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0405%	1h	0.000005131	−0.031%	$73K	$849K	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0416%	8h	0.000005133	0.000%	$48.3M	$722.3M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0455%	1h	0.000005130	−0.062%	$4.7M	$16.8M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0512%	8h	0.000005157	+0.463%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0544%	8h	0.000005158	+0.487%	$4.6M	$29.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0576%	8h	0.000005126	−0.134%	$2.4M	$8.0M	50x	as long as short
Lighter 1000PEPE	+0.0584%	1h	0.000005134	+0.019%	$617K	$9.0M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005133	0.000%	$677K	$38.5M	50x	as long as short
01 Exchange kPEPEUSD	+0.0648%	1h	0.000005145	+0.234%	$621	$3K	10x	as long as short
BingX 1000PEPE-USDT	+0.0743%	8h	0.000005132	−0.021%	—	$217.5M	—	as long as short
Nado kPEPE-PERP	+0.0745%	1h	0.000005134	+0.017%	$162K	$956K	10x	as long as short
Binance 1000PEPEUSDT	+0.0773%	8h	0.000005131	−0.033%	$141.7M	$1.45B	75x	as long as short
MEXC PEPE_USDT	+0.0774%	8h	0.000005138	+0.099%	$98.7M	$302.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0776%	1h	0.000005134	+0.012%	$544K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0776%	1h	0.000005137	+0.078%	$145K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0787%	8h	0.000005131	−0.043%	$1.8M	$11.7M	50x	as long as short
Hyperliquid kPEPE	+0.0944%	1h	0.000005135	+0.039%	$54.9M	$154.6M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1132% / S −0.2351%	1h	0.000005000	−2.591%	$63K	—	100x	as long as short