PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0223%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h −0.023%

Price spread now: SoDEX against Deribit+0.020%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 SoDEX

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. SoDEX is 0.020% dearer against Deribit than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000PEPE_USDC-PERPETUAL	0.000004976	0.0555	pay 0.0069% / 1h	53m 27s	$71K	$127K	25x
Short	SoDEX 1000PEPE-USD	0.000004977	0.0331	get 0.0041% / 1h	53m 27s	$2K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$46.91
Price spread: +0.020% → 0.000%: $2.01
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$59.9
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 25 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 Deribit live order book, 25 min ago	6.69 bp	10.2 bp −$10	doesn't fit	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	0.000004977	+0.013%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004972	−0.082%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004980	+0.080%	$62K	$165K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004973	−0.052%	$97.7M	$398.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004978	+0.040%	$160.2M	$92.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004977	+0.012%	$24.7M	$69.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004979	+0.053%	$597K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004977	+0.029%	$27K	$536K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004980	+0.074%	$1K	$2.6M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004976	−0.002%	$555K	$4.1M	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	0.000004975	−0.018%	$8K	—	15x	as long as short
SoDEX 1000PEPE-USDshort	+0.0331%	1h	0.000004977	+0.020%	$2K	$10K	10x
Bitget PEPEUSDT	+0.0346%	8h	0.000004978	+0.050%	$44.4M	$205.6M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0409%	8h	0.000004977	+0.020%	$45.7M	$670.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0416%	8h	0.000004978	+0.036%	$33K	$27K	20x	as long as short
Lighter 1000PEPE	+0.0528%	1h	0.000004985	+0.181%	$600K	$9.0M	10x	as long as short
BloFin PEPE-USDT	+0.0534%	8h	0.000004978	+0.040%	$4.7M	$27.5M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0546%	8h	0.000004980	+0.076%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.0555%	1h	0.000004976	long leg	$71K	$127K	25x
Backpack kPEPE_USDC_PERP	+0.0571%	1h	0.000004976	−0.006%	$72K	$825K	15x	as long as short
01 Exchange kPEPEUSD	+0.0648%	1h	0.000004981	+0.100%	$601	$3K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0680%	1h	0.000004992	+0.322%	$637K	$36.2M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0707%	8h	0.000004981	+0.102%	$2.4M	$7.8M	50x	as long as short
BingX 1000PEPE-USDC	+0.0788%	8h	0.000004979	+0.062%	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004995	+0.382%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0805%	8h	0.000004976	−0.006%	$96.5M	$298.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0806%	8h	0.000004978	+0.030%	$141.5M	$1.38B	75x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000004978	+0.047%	$528K	$262K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0859%	1h	0.000004974	−0.046%	$4.6M	$16.7M	50x	as long as short
Aster 1000PEPEUSDT	+0.0877%	8h	0.000004981	+0.105%	$1.7M	$10.9M	50x	as long as short
Hyperliquid kPEPE	+0.0946%	1h	0.000004980	+0.080%	$52.8M	$150.0M	10x	as long as short
Nado kPEPE-PERP	+0.0972%	1h	0.000004975	−0.015%	$166K	$939K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1043% / S −0.1475%	1h	0.000004000	−19.614%	$69K	—	100x	as long as short
Injective PEPE/USDC PERP	+0.1379%	1h	0.000005327	+7.054%	$3K	$111K	12x	as long as short
ApeX Omni 1000PEPEUSDT	+0.2033%	1h	0.000004976	0.000%	$153K	$812K	25x	as long as short