PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0474%/8h= −51.9% APRnext payment −$0.59 per $10,000 · paid last 24h −0.167%

Price spread now: SoDEX against Kraken Futures+0.098%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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 0.098% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PEPEUSD	0.000005026	0.0631	pay 0.0079% / 1h	30m 41s	$4.7M	$16.9M	50x
Short	SoDEX 1000PEPE-USD	0.000005031	0.0157	get 0.0020% / 1h	30m 41s	$2K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Kraken Futures. 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 Kraken FuturesbpFee SoDEXbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$99.53
Price spread: +0.098% → 0.000%: $9.81
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$107.72
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	8.50 bp	14.6 bp −$15	23.0 bp −$230	86.4 bp −$8,636	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
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005023	−0.057%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005018	−0.161%	$58K	$186K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005012	−0.280%	$97.0M	$439.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005014	−0.240%	$159.2M	$99.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005028	+0.032%	$644K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005064	+0.748%	$28K	$551K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005038	+0.229%	$1K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005031	+0.088%	$585K	$4.3M	75x	as long as short
Injective PEPE/USDC PERP	+0.0147%	1h	0.000005027	+0.019%	$7K	$121K	12x	as long as short
SoDEX 1000PEPE-USDshort	+0.0157%	1h	0.000005031	+0.098%	$2K	$11K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0165%	8h	0.000005018	−0.155%	$26.7M	$75.0M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005029	+0.053%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0196%	8h	0.000005016	−0.194%	$45.6M	$223.6M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0300%	1h	0.000005056	+0.595%	$148K	$841K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0320%	8h	0.000005011	−0.300%	$45.3M	$736.6M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0347%	1h	0.000005029	+0.058%	$72K	$128K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0391%	1h	0.000005024	−0.049%	$96K	$909K	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0408%	8h	0.000005019	−0.148%	$6K	—	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0436%	8h	0.000005032	+0.114%	$33K	$30K	20x	as long as short
BloFin PEPE-USDT	+0.0441%	8h	0.000005031	+0.098%	$4.4M	$30.2M	75x	as long as short
Hyperliquid kPEPE	+0.0455%	1h	0.000005027	+0.019%	$52.0M	$160.7M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0502%	8h	0.000005035	+0.170%	$2.3M	$8.1M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000005030	+0.078%	$713K	$39.2M	50x	as long as short
01 Exchange kPEPEUSD	+0.0536%	1h	0.000005023	−0.061%	$606	$2K	10x	as long as short
Lighter 1000PEPE	+0.0608%	1h	0.000005022	−0.081%	$590K	$9.1M	10x	as long as short
BingX 1000PEPE-USDT	+0.0624%	8h	0.000005018	−0.167%	—	$177.1M	—	as long as short
Kraken Futures PF_PEPEUSDlong	+0.0631%	1h	0.000005026	long leg	$4.7M	$16.9M	50x
MEXC PEPE_USDT	+0.0647%	8h	0.000005018	−0.165%	$96.8M	$308.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0647%	8h	0.000005022	−0.071%	$138.5M	$1.52B	75x	as long as short
Extended 1000PEPE-USD	+0.0648%	1h	0.000005016	−0.199%	$527K	$284K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0648%	1h	0.000005024	−0.041%	$142K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0667%	8h	0.000005022	−0.075%	$1.7M	$12.0M	50x	as long as short
Nado kPEPE-PERP	+0.0707%	1h	0.000005027	+0.009%	$158K	$967K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0972% / S −0.1091%	1h	0.000005000	−0.519%	$50K	—	100x	as long as short
dYdX PEPE-USD	+0.3332%	1h	0.000005018	−0.160%	$19K	$2K	10x	as long as short