PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0636%/8h= +69.6% APRnext payment +$0.79 per $10,000 · paid last 24h +0.127%

Price spread now: Injective against dYdX+0.383%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 +$19 a day on $10k at the current rate, and Injective is 0.383% dearer against dYdX than usual: you sell high and buy low: +$38 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	0.000004964	0	get 0.0000% / 1h	28m 13s	$18K	$95	10x
Short	Injective PEPE/USDC PERP	0.000004983	0.0636	get 0.0079% / 1h	28m 13s	$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 +0.383%Rate

Funding earned: $133.46
Price spread: +0.383% → 0.000%: $38.26
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: $161.7
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Injective: live order book, 45 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, 45 min ago	18.02 bp	18.0 bp −$18	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
Kraken Futures PF_PEPEUSD	−0.0118%	1h	0.000004938	−0.520%	$3.9M	$14.0M	50x	as long as short
dYdX PEPE-USDlong	0.0000%	1h	0.000004964	long leg	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004926	−0.764%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004966	+0.040%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004940	−0.484%	$91.7M	$304.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004934	−0.604%	$157.0M	$66.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004939	−0.512%	$25.1M	$56.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004944	−0.399%	$43.0M	$152.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004960	−0.086%	$585K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004971	+0.146%	$52K	$379K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004937	−0.540%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004937	−0.544%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004968	+0.078%	$557K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004932	−0.643%	$2.4M	$6.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0181%	8h	0.000004944	−0.403%	$43.3M	$526.5M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004920	−0.891%	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0206%	8h	0.000004964	−0.008%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0287%	8h	0.000004936	−0.556%	$30K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0302%	8h	0.000004974	+0.201%	$4.0M	$23.6M	75x	as long as short
Lighter 1000PEPE	+0.0368%	1h	0.000004945	−0.383%	$579K	$6.7M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004945	−0.383%	$661K	$26.9M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0440%	1h	0.000004944	−0.403%	$102K	$754K	25x	as long as short
Nado kPEPE-PERP	+0.0472%	1h	0.000004919	−0.913%	$190K	$857K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0477% / S −0.0379%	1h	0.000004000	−19.420%	$61K	—	100x	as long as short
BingX 1000PEPE-USDT	+0.0480%	8h	0.000004942	−0.437%	—	$257.1M	—	as long as short
01 Exchange kPEPEUSD	+0.0480%	1h	0.000004926	−0.766%	$1K	$2K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0488%	1h	0.000004940	−0.484%	$140K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0494%	8h	0.000004942	−0.442%	$137.8M	$1.10B	75x	as long as short
Extended 1000PEPE-USD	+0.0496%	1h	0.000004938	−0.520%	$543K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0497%	8h	0.000004942	−0.441%	$98.2M	$285.0M	300x	as long as short
Aster 1000PEPEUSDT	+0.0527%	8h	0.000004926	−0.767%	$1.4M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0554%	1h	0.000004940	−0.484%	$94K	$601K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0561%	1h	0.000004938	−0.524%	$67K	$110K	25x	as long as short
Injective PEPE/USDC PERPshort	+0.0636%	1h	0.000004983	+0.383%	$4K	$102K	12x
Hyperliquid kPEPE	+0.0680%	1h	0.000004956	−0.161%	$59.1M	$119.5M	10x	as long as short