Funding you earn now, next payment 05:00 UTC−0.0237%/8h= −25.9% APRnext payment −$0.30 per $10,000 · paid last 24h −0.016%
Price spread now: SoDEX against Coinbase International−0.020%7-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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SoDEX is 0.020% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000004981 | 0.0680 | pay 0.0085% / 1h | 55m 01s | $637K | $36.1M | 50x |
| Short | SoDEX 1000PEPE-USD | 0.000004980 | 0.0443 | get 0.0055% / 1h | 55m 01s | $2K | $10K | 10x |
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Coinbase International. 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
- −$49.74
- Price spread: −0.020% → 0.000%
- −$2.01
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$69.74
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 4 min ago; SoDEX: 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 Coinbase International live order book, 4 min ago | 5.06 bp | 10.1 bp −$10 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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-USD | 0.0000% | 1h | 0.000004969 | −0.241% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004966 | −0.295% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004978 | −0.060% | $62K | $165K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004978 | −0.068% | $97.8M | $397.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004976 | −0.100% | $160.2M | $92.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004983 | +0.036% | $24.7M | $69.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004979 | −0.048% | $597K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004970 | −0.230% | $27K | $535K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004983 | +0.050% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004975 | −0.114% | $558K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004969 | −0.241% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0350% | 8h | 0.000004978 | −0.062% | $44.6M | $205.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0409% | 8h | 0.000004978 | −0.060% | $45.7M | $669.9M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0416% | 8h | 0.000004980 | −0.014% | $33K | $27K | 20x | as long as short |
| SoDEX 1000PEPE-USDshort | +0.0443% | 1h | 0.000004980 | −0.020% | $2K | $10K | 10x | |
| Lighter 1000PEPE | +0.0464% | 1h | 0.000004984 | +0.060% | $600K | $9.0M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0534% | 8h | 0.000004978 | −0.060% | $4.7M | $27.5M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0545% | 8h | 0.000004979 | −0.045% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0554% | 1h | 0.000004977 | −0.080% | $71K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0573% | 1h | 0.000004979 | −0.034% | $72K | $825K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0664% | 1h | 0.000004979 | −0.040% | $601 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0680% | 1h | 0.000004981 | long leg | $637K | $36.1M | 50x | |
| Phemex u1000PEPEUSDT | +0.0704% | 8h | 0.000004981 | 0.000% | $2.3M | $7.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0781% | 8h | 0.000004978 | −0.052% | — | $238.1M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004984 | +0.060% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0804% | 8h | 0.000004984 | +0.060% | $97.6M | $297.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0805% | 8h | 0.000004978 | −0.056% | $141.5M | $1.38B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004977 | −0.090% | $528K | $262K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0858% | 1h | 0.000004976 | −0.092% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0880% | 8h | 0.000004974 | −0.134% | $1.7M | $10.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0973% | 1h | 0.000004984 | +0.060% | $52.8M | $150.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1039% / S −0.1551% | 1h | 0.000004000 | −19.695% | $68K | — | 100x | as long as short |
| Nado kPEPE-PERP | +0.1076% | 1h | 0.000004970 | −0.226% | $166K | $938K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005327 | +6.946% | $3K | $111K | 12x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.2033% | 1h | 0.000004976 | −0.100% | $153K | $812K | 25x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Lighter 1000PEPE
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
Injective PEPE/USDC PERP
ApeX Omni 1000PEPEUSDT