PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1197%/8h= −131.1% APRnext payment −$1.50 per $10,000 · paid last 24h −0.075%

Price spread now: SoDEX against Hyperliquid+0.059%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid 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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. SoDEX is 0.059% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kPEPE	0.000005062	0.1805	pay 0.0226% / 1h	41m 37s	$55.6M	$137.4M	10x
Short	SoDEX 1000PEPE-USD	0.000005065	0.0607	get 0.0076% / 1h	41m 37s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Hyperliquid. 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 HyperliquidbpFee SoDEXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$251.47
Price spread: +0.059% → 0.000%: $5.93
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$262.54
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 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 Hyperliquid live order book, 12 min ago	2.96 bp	9.0 bp −$9	14.5 bp −$145	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	0.000005046	−0.316%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005055	−0.130%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005053	−0.178%	$64K	$135K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005049	−0.261%	$98.6M	$333.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005049	−0.257%	$165.4M	$73.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005053	−0.178%	$25.4M	$62.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005052	−0.190%	$46.4M	$171.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005020	−0.837%	$706K	$4.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005064	+0.038%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005066	+0.077%	$1K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005066	+0.089%	$578K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005064	+0.032%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0300%	8h	0.000005052	−0.198%	$45.9M	$583.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0314%	8h	0.000005064	+0.032%	$33K	$24K	20x	as long as short
BloFin PEPE-USDT	+0.0419%	8h	0.000005074	+0.237%	$4.4M	$25.2M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0541%	1h	0.000005060	−0.040%	$61K	$114K	25x	as long as short
BingX 1000PEPE-USDC	+0.0553%	8h	0.000005058	−0.075%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0567% / S −0.0870%	1h	0.000005000	−1.225%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005064	+0.040%	$861K	$31.1M	50x	as long as short
Aevo 1000PEPE-PERP	+0.0592%	1h	0.000005067	+0.099%	$143K	—	3x	as long as short
Extended 1000PEPE-USD	+0.0600%	1h	0.000005053	−0.169%	$536K	$221K	25x	as long as short
MEXC PEPE_USDT	+0.0601%	8h	0.000005057	−0.101%	$96.3M	$287.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0601%	8h	0.000005051	−0.221%	$141.6M	$1.20B	75x	as long as short
Phemex u1000PEPEUSDT	+0.0603%	8h	0.000005062	+0.008%	$2.4M	$7.0M	50x	as long as short
SoDEX 1000PEPE-USDshort	+0.0607%	1h	0.000005065	+0.059%	$2K	$12K	10x
Aster 1000PEPEUSDT	+0.0696%	8h	0.000005054	−0.150%	$1.8M	$9.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0748%	8h	0.000005051	−0.222%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0919%	1h	0.000005055	−0.142%	$184K	$866K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0956%	1h	0.000005065	+0.049%	$100K	$617K	15x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+0.849%	$4K	$102K	12x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0992%	1h	0.000005065	+0.059%	$99K	$752K	25x	as long as short
01 Exchange kPEPEUSD	+0.1000%	1h	0.000005056	−0.119%	$610	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1373%	1h	0.000005068	+0.128%	$4.2M	$15.1M	50x	as long as short
Lighter 1000PEPE	+0.1584%	1h	0.000005055	−0.138%	$718K	$8.0M	10x	as long as short
Hyperliquid kPEPElong	+0.1805%	1h	0.000005062	long leg	$55.6M	$137.4M	10x