Funding you earn now, next payment 05:00 UTC−0.0427%/8h= −46.8% APRnext payment −$0.53 per $10,000 · paid last 24h −0.019%
Price spread now: SoDEX against Coinbase International−0.079%7-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 −$13 a day on $10k at the current rate, and SoDEX is 0.079% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000PEPE-PERP-INTX | 0.000005034 | 0.0680 | pay 0.0085% / 1h | 46m 53s | $622K | $36.8M | 50x |
| Short | SoDEX 1000PEPE-USD | 0.000005030 | 0.0253 | get 0.0032% / 1h | 46m 53s | $2K | $10K | 10x |
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Coinbase International. 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
- −$89.74
- Price spread: −0.079% → 0.000%
- −$7.95
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$115.69
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago | 3.98 bp | 9.0 bp −$9 | 14.4 bp −$144 | 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 | 0.000005029 | −0.106% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005022 | −0.242% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005034 | 0.000% | $59K | $176K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005033 | −0.018% | $98.9M | $400.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005026 | −0.159% | $161.5M | $92.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005032 | −0.032% | $25.2M | $70.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005035 | +0.012% | $596K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005016 | −0.359% | $28K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005033 | −0.018% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005030 | −0.075% | $562K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005027 | −0.136% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USDshort | +0.0253% | 1h | 0.000005030 | −0.079% | $2K | $10K | 10x | |
| Bitget PEPEUSDT | +0.0343% | 8h | 0.000005037 | +0.052% | $45.5M | $208.8M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0411% | 8h | 0.000005038 | +0.079% | $46.6M | $681.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0412% | 8h | 0.000005030 | −0.081% | $33K | $27K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0533% | 8h | 0.000005033 | −0.020% | $4.5M | $27.9M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0546% | 1h | 0.000005028 | −0.119% | $72K | $127K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0546% | 8h | 0.000005029 | −0.098% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0665% | 8h | 0.000005030 | −0.087% | $2.4M | $7.8M | 50x | as long as short |
| Lighter 1000PEPE | +0.0680% | 1h | 0.000005036 | +0.040% | $601K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0680% | 1h | 0.000005034 | long leg | $622K | $36.8M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0683% | 1h | 0.000005029 | −0.101% | $73K | $827K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005030 | −0.079% | $607 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0769% | 8h | 0.000005035 | +0.028% | — | $238.4M | — | as long as short |
| Nado kPEPE-PERP | +0.0772% | 1h | 0.000005028 | −0.129% | $169K | $940K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005034 | +0.009% | $533K | $262K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0808% | 1h | 0.000005030 | −0.079% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0809% | 8h | 0.000005035 | +0.014% | $97.4M | $299.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0809% | 8h | 0.000005034 | −0.005% | $142.2M | $1.39B | 75x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0849% | 1h | 0.000005029 | −0.097% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0878% | 8h | 0.000005035 | +0.027% | $1.8M | $11.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0914% | 1h | 0.000005024 | −0.199% | $154K | $812K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1060% / S −0.1968% | 1h | 0.000005000 | −0.675% | $64K | — | 100x | as long as short |
| Hyperliquid kPEPE | +0.1127% | 1h | 0.000005043 | +0.179% | $53.4M | $150.7M | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005013 | −0.417% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Nado kPEPE-PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Hyperliquid kPEPE
Injective PEPE/USDC PERP