PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.4202%/8h= −460.1% APRnext payment −$5.25 per $10,000 · paid last 24h −0.054%

Price spread now: SoDEX against dYdX+0.116%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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 0.116% dearer against dYdX than usual: you sell high and buy low (spread +0.116% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$126 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PEPE-USD	0.000004903	0.4302	pay 0.0538% / 1h	28m 35s	$25K	$18K	10x
Short	SoDEX 1000PEPE-USD	0.000004909	0.0100	get 0.0013% / 1h	28m 35s	$2K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$882.37
Price spread: +0.116% → 0.000%: $11.57
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$888.8
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

dYdX and 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 exchanges

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	−0.0374%	1h	0.000004906	+0.057%	$4.5M	$16.0M	50x	as long as short
01 Exchange kPEPEUSD	−0.0016%	1h	0.000004904	+0.014%	$592	$2K	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004896	−0.139%	$3K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004910	+0.136%	$597K	$9.0M	10x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004903	−0.007%	$138K	$952K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004908	+0.095%	$49.5M	$155.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004909	+0.116%	$58K	$197K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004907	+0.081%	$92.4M	$445.3M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004908	+0.095%	$43.6M	$717.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004906	+0.055%	$149.3M	$103.7M	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004905	+0.030%	$24.2M	$76.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004902	−0.027%	$43.9M	$233.7M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004909	+0.108%	$75K	$996K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004904	+0.021%	$637K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004905	+0.037%	$26K	$573K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004907	+0.075%	$108K	$869K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004918	+0.295%	$1K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USDshort	+0.0100%	1h	0.000004909	+0.116%	$2K	$11K	10x
HTX PEPE-USDT	+0.0100%	8h	0.000004905	+0.038%	$579K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004911	+0.156%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0108%	8h	0.000004907	+0.073%	$5K	—	20x	as long as short
Binance 1000PEPEUSDT	+0.0189%	8h	0.000004906	+0.056%	$126.2M	$1.53B	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004899	−0.081%	$7K	—	15x	as long as short
MEXC PEPE_USDT	+0.0191%	8h	0.000004904	+0.014%	$97.8M	$297.7M	300x	as long as short
Extended 1000PEPE-USD	+0.0192%	1h	0.000004903	+0.001%	$512K	$288K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0192%	1h	0.000004904	+0.014%	$139K	—	3x	as long as short
BingX 1000PEPE-USDT	+0.0200%	8h	0.000004905	+0.024%	—	$182.2M	—	as long as short
Aster 1000PEPEUSDT	+0.0200%	8h	0.000004910	+0.140%	$1.7M	$12.6M	50x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004910	+0.136%	$4.2M	$28.5M	75x	as long as short
Injective PEPE/USDC PERP	+0.0284%	1h	0.000004904	+0.014%	$3K	$123K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0309%	8h	0.000004909	+0.118%	$32K	$30K	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0361%	1h	0.000004909	+0.116%	$60K	$119K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004903	−0.007%	$716K	$38.5M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0793% / S −0.0894%	1h	0.000004000	−18.423%	$50K	—	100x	as long as short
dYdX PEPE-USDlong	+0.4302%	1h	0.000004903	long leg	$25K	$18K	10x