Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0750%/8h= −82.1% APRpaid last 24h −0.066%

Price spread now: dYdX against MEXC−0.066%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on dYdX

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 against this trade now: funding costs −$23 a day on $10k at the current rate, and dYdX is 0.066% cheaper against MEXC than usual: you would sell low and buy high (−$7 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	MEXC PEPE_USDT	0.000005158	0.0750	pay 0.0750% / 8h	4h 14m	$99.2M	$292.1M	300x
Short	dYdX PEPE-USD	0.000005155	0	get 0.0000% / 1h	14m 08s	$19K	$95	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$157.5
Price spread: −0.066% → 0.000%: −$6.65
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$174.15
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	2.43 bp	4.4 bp −$4	12.2 bp −$122	48.6 bp −$4,859	72.5 bp −$36.2K
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	0.000005155	−0.066%	$19K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005148	−0.200%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005166	+0.155%	$66K	$146K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005148	−0.190%	$99.5M	$359.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005148	−0.194%	$167.7M	$82.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005152	−0.111%	$26.2M	$65.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005163	+0.089%	$807K	$4.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005166	+0.158%	$28K	$480K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005153	−0.107%	$2K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005166	+0.149%	$599K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005153	−0.105%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0214%	8h	0.000005155	−0.054%	$47.6M	$180.3M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	+0.291%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0358%	8h	0.000005154	−0.081%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0395%	8h	0.000005154	−0.078%	$48.2M	$630.4M	50x	as long as short
BloFin PEPE-USDT	+0.0512%	8h	0.000005167	+0.174%	$4.6M	$26.7M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0528%	1h	0.000005148	−0.194%	$73K	$125K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0592%	8h	0.000005155	−0.054%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005154	−0.078%	$967K	$34.1M	50x	as long as short
BingX 1000PEPE-USDT	+0.0711%	8h	0.000005153	−0.099%	—	$263.0M	—	as long as short
SoDEX 1000PEPE-USD	+0.0746%	1h	0.000005157	−0.019%	$2K	$10K	10x	as long as short
MEXC PEPE_USDTlong	+0.0750%	8h	0.000005158	long leg	$99.2M	$292.1M	300x
Extended 1000PEPE-USD	+0.0752%	1h	0.000005153	−0.094%	$547K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0752%	1h	0.000005156	−0.039%	$146K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0754%	8h	0.000005156	−0.043%	$146.8M	$1.26B	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0798%	8h	0.000005161	+0.065%	$6K	—	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0803% / S −0.1617%	1h	0.000005000	−3.063%	$62K	—	100x	as long as short
Lighter 1000PEPE	+0.0824%	1h	0.000005158	0.000%	$612K	$8.3M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0824%	1h	0.000005166	+0.155%	$101K	$744K	25x	as long as short
Aster 1000PEPEUSDT	+0.0861%	8h	0.000005154	−0.078%	$1.8M	$9.6M	50x	as long as short
Nado kPEPE-PERP	+0.0941%	1h	0.000005156	−0.048%	$185K	$903K	10x	as long as short
01 Exchange kPEPEUSD	+0.1104%	1h	0.000005169	+0.213%	$623	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1141%	1h	0.000005152	−0.118%	$65K	$686K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1264%	1h	0.000005154	−0.074%	$4.6M	$16.0M	50x	as long as short
Hyperliquid kPEPE	+0.1572%	1h	0.000005159	+0.019%	$55.7M	$142.2M	10x	as long as short