PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h +0.040%

Price spread now: Injective against SoDEX+0.475%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Injective

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. Injective is 0.475% dearer against SoDEX than usual: you sell high and buy low (spread +0.475% now, against zero (this spread has no 7-day history yet)): +$48 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000004838	0.0811	pay 0.0101% / 1h	21m 05s	$2K	$9K	10x
Short	Injective PEPE/USDC PERP	0.000004861	0.0555	get 0.0069% / 1h	21m 05s	$4K	$110K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SoDEX. 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 SoDEXbpFee InjectivebpOrdersPrice spread, now +0.475%Rate

Funding earned: −$53.73
Price spread: +0.475% → 0.000%: $47.54
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$14.21
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Injective: live order book, 2 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 Injective live order book, 2 min ago	22.68 bp	22.7 bp −$23	doesn't fit	doesn't fit	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	0.000004844	+0.130%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004835	−0.058%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004833	−0.103%	$57.9M	$71.4M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004852	+0.289%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004832	−0.124%	$88.1M	$274.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004833	−0.103%	$151.0M	$62.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004837	−0.017%	$25.1M	$53.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004837	−0.014%	$705K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004858	+0.414%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004854	+0.335%	$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	0.000004852	+0.287%	$559K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0152%	8h	0.000004835	−0.062%	$41.5M	$488.2M	50x	as long as short
Bitget PEPEUSDT	+0.0180%	8h	0.000004832	−0.124%	$42.8M	$152.0M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004839	+0.018%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0271%	8h	0.000004842	+0.083%	$3.8M	$21.9M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−17.321%	$52K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0399%	8h	0.000004844	+0.132%	$30K	$11K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0456%	8h	0.000004836	−0.048%	$2.3M	$6.4M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004841	+0.062%	$580K	$25.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0484%	8h	0.000004852	+0.291%	$5K	$16	20x	as long as short
Lighter 1000PEPE	+0.0504%	1h	0.000004842	+0.083%	$615K	$5.2M	10x	as long as short
Injective PEPE/USDC PERPshort	+0.0555%	1h	0.000004861	+0.475%	$4K	$110K	12x
Backpack kPEPE_USDC_PERP	+0.0668%	1h	0.000004835	−0.072%	$93K	$623K	15x	as long as short
Nado kPEPE-PERP	+0.0699%	1h	0.000004849	+0.234%	$192K	$847K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0757%	1h	0.000004837	−0.016%	$3.9M	$13.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0784%	1h	0.000004841	+0.062%	$82K	$94K	25x	as long as short
BingX 1000PEPE-USDT	+0.0808%	8h	0.000004836	−0.050%	—	$255.0M	—	as long as short
SoDEX 1000PEPE-USDlong	+0.0811%	1h	0.000004838	long leg	$2K	$9K	10x
ApeX Omni 1000PEPEUSDT	+0.0840%	1h	0.000004860	+0.455%	$101K	$761K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0848%	1h	0.000004844	+0.124%	$137K	—	3x	as long as short
MEXC PEPE_USDT	+0.0852%	8h	0.000004838	0.000%	$91.1M	$290.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0855%	8h	0.000004837	−0.029%	$128.7M	$1.02B	75x	as long as short
Extended 1000PEPE-USD	+0.0856%	1h	0.000004838	+0.004%	$532K	$147K	25x	as long as short
Aster 1000PEPEUSDT	+0.0893%	8h	0.000004841	+0.052%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1232%	1h	0.000004855	+0.351%	$556	$2K	10x	as long as short