Funding you earn now, next payment 00:00 UTC−0.0189%/8h= −20.7% APRnext payment −$0.24 per $10,000 · paid last 24h −0.056%
Price spread now: dYdX against Reya−0.240%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and dYdX is 0.240% cheaper against Reya than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya kPEPERUSDPERP | 0.000004793 | 0.0189 | pay 0.0024% / 1h | 38m 43s | $7K | — | 15x |
| Short | dYdX PEPE-USD | 0.000004782 | 0 | get 0.0000% / 1h | 38m 43s | $18K | $95 | 10x |
Reya kPEPERUSDPERP
dYdX PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Reya. 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
- −$39.61
- Price spread: −0.240% → 0.000%
- −$24
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$79.62
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample | — | — | — | — | — |
| Sell dYdX no order-book sample | — | — | — | — | — |
Reya and 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0160% | 1h | 0.000004782 | −0.238% | $65.1M | $91.5M | 10x | as long as short |
| dYdX PEPE-USDshort | 0.0000% | 1h | 0.000004782 | −0.240% | $18K | $95 | 10x | |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004787 | −0.130% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004791 | −0.056% | $3.8M | $13.6M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004784 | −0.197% | $59K | $116K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004784 | −0.188% | $86.0M | $289.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004784 | −0.197% | $149.7M | $64.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004788 | −0.113% | $24.5M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004787 | −0.132% | $42.3M | $150.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004793 | −0.011% | $587K | $4.1M | — | as long as short |
Hyperliquid kPEPE
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004796 | +0.057% | $26K | $348K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004796 | +0.054% | $101K | $760K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004799 | +0.118% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004791 | −0.051% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004793 | −0.017% | $543K | $3.5M | 75x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000004793 | long leg | $7K | — | 15x | |
| Phemex u1000PEPEUSDT | +0.0190% | 8h | 0.000004790 | −0.078% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0194% | 8h | 0.000004786 | −0.156% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0200% | 1h | 0.000004787 | −0.134% | $607K | $6.3M | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0210% | 8h | 0.000004789 | −0.092% | $41.5M | $497.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0232% | 1h | 0.000004791 | −0.051% | $549 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0332% | 8h | 0.000004791 | −0.051% | $3.9M | $22.3M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0370% / S −0.0417% | 1h | 0.000004000 | −16.552% | $42K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004786 | −0.155% | $576K | $25.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0407% | 8h | 0.000004792 | −0.026% | $30K | $12K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0426% | 1h | 0.000004790 | −0.065% | $91K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004798 | +0.095% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0585% | 1h | 0.000004792 | −0.030% | $77K | $98K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000004787 | −0.140% | $526K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0648% | 8h | 0.000004789 | −0.092% | $92.3M | $280.4M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0648% | 1h | 0.000004791 | −0.051% | $135K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0649% | 8h | 0.000004784 | −0.194% | $131.1M | $1.06B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0653% | 8h | 0.000004787 | −0.132% | $1.5M | $7.2M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0656% | 8h | 0.000004782 | −0.234% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0784% | 1h | 0.000004789 | −0.085% | $183K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
BingX 1000PEPE-USDC
Nado kPEPE-PERP