Funding you earn now, next payment 05:00 UTC−0.0395%/8h= −43.3% APRpaid last 24h −0.060%
Price spread now: Bybit against SoDEX−0.457%56s7-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 −$12 a day on $10k at the current rate, and Bybit is 0.457% cheaper against SoDEX than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX 1000PEPE-USD | 0.000005317 | 0.0495 | pay 0.0062% / 1h | 30m 30s | $2K | $10K | 10x |
| Short | Bybit 1000PEPEUSDT | 0.000005293 | 0.0100 | get 0.0100% / 8h | 3h 30m | $107.6M | $378.1M | 50x |
SoDEX 1000PEPE-USD
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SoDEX. 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
- −$83
- Price spread: −0.457% → 0.000%
- −$45.7
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$147.7
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 4 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 0.95 bp | 8.0 bp −$8 | 13.8 bp −$138 | 34.2 bp −$3,419 | doesn't fit |
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 | 0.000005299 | −0.329% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005289 | −0.527% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +0.188% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005309 | −0.150% | $70K | $155K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000005293 | −0.457% | $107.6M | $378.1M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005293 | −0.451% | $175.6M | $87.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005297 | −0.367% | $26.4M | $68.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005312 | −0.102% | $747K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005295 | −0.406% | $53K | $509K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005321 | +0.079% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005317 | +0.006% | $608K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005296 | −0.386% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0288% | 8h | 0.000005297 | −0.367% | $51.6M | $189.8M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0388% | 8h | 0.000005300 | −0.327% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0433% | 8h | 0.000005297 | −0.376% | $51.9M | $681.0M | 50x | as long as short |
| SoDEX 1000PEPE-USDlong | +0.0495% | 1h | 0.000005317 | long leg | $2K | $10K | 10x | |
| BloFin PEPE-USDT | +0.0560% | 8h | 0.000005312 | −0.094% | $5.0M | $28.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0630% | 8h | 0.000005320 | +0.049% | $2.6M | $7.5M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005320 | +0.056% | $651K | $36.7M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0755% | 8h | 0.000005279 | −0.715% | $6K | — | 20x | as long as short |
| BingX 1000PEPE-USDT | +0.0763% | 8h | 0.000005299 | −0.337% | — | $235.1M | — | as long as short |
| MEXC PEPE_USDT | +0.0797% | 8h | 0.000005295 | −0.414% | $103.8M | $295.0M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005300 | −0.322% | $562K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005306 | −0.207% | $150K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0802% | 8h | 0.000005300 | −0.329% | $154.6M | $1.32B | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0804% | 1h | 0.000005291 | −0.489% | $162K | $808K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0861% | 1h | 0.000005300 | −0.311% | $191K | $916K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0914% | 8h | 0.000005300 | −0.325% | $1.9M | $10.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0939% / S −0.1863% | 1h | 0.000005000 | −5.962% | $65K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.1024% | 1h | 0.000005303 | −0.263% | $640 | $3K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1069% | 1h | 0.000005315 | −0.038% | $75K | $126K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1225% | 1h | 0.000005323 | +0.109% | $69K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1248% | 1h | 0.000005317 | 0.000% | $701K | $8.7M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1535% | 1h | 0.000005319 | +0.042% | $4.9M | $16.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1639% | 1h | 0.000005304 | −0.244% | $58.0M | $145.2M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Paradex kPEPE-USD-PERP
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE