PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0312%/8h= +34.1% APRnext payment +$0.39 per $10,000 · paid last 24h +0.064%

Price spread now: Backpack against SoDEX−0.321%50s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Backpack

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

Funding pays, the price is against you. Backpack is 0.321% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.321% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 3.4 days of funding at the current rate (+$9 a day). The two prices were read 50 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	0.000005077	0.0699	pay 0.0087% / 1h	53m 19s	$2K	$12K	10x
Short	Backpack kPEPE_USDC_PERP	0.000005061	0.1010	get 0.0126% / 1h	53m 19s	$98K	$612K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.321%Rate

Funding earned: $65.45
Price spread: −0.321% → 0.000%: −$32.11
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $15.34
Costs to cover: 0.180%
Break-even: 5.4 days

Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 11 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 Backpack live order book, 11 min ago	0.89 bp	6.5 bp −$6	21.1 bp −$211	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 34 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	0.000005050	−0.532%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0009%	1h	0.000005069	−0.152%	$18K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005057	−0.394%	$62K	$128K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005071	−0.122%	$98.8M	$329.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005068	−0.177%	$165.4M	$72.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005063	−0.276%	$25.3M	$61.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005075	−0.043%	$46.4M	$169.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005145	+1.333%	$696K	$4.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005121	+0.871%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005069	−0.152%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005079	+0.039%	$578K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005069	−0.164%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0291%	8h	0.000005080	+0.059%	$45.8M	$581.8M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0301%	8h	0.000005077	0.000%	$33K	$24K	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0342%	1h	0.000005068	−0.177%	$61K	$114K	25x	as long as short
BingX 1000PEPE-USDT	+0.0538%	8h	0.000005076	−0.026%	—	$260.1M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0548% / S −0.0832%	1h	0.000005000	−1.517%	$50K	—	100x	as long as short
Phemex u1000PEPEUSDT	+0.0557%	8h	0.000005068	−0.177%	$2.4M	$7.0M	50x	as long as short
Extended 1000PEPE-USD	+0.0576%	1h	0.000005058	−0.377%	$536K	$219K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0576%	1h	0.000005135	+1.142%	$145K	—	3x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005077	0.000%	$928K	$30.7M	50x	as long as short
MEXC PEPE_USDT	+0.0577%	8h	0.000005071	−0.118%	$96.1M	$286.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0579%	8h	0.000005071	−0.109%	$143.2M	$1.19B	75x	as long as short
Aster 1000PEPEUSDT	+0.0678%	8h	0.000005060	−0.339%	$1.7M	$8.6M	50x	as long as short
SoDEX 1000PEPE-USDlong	+0.0699%	1h	0.000005077	long leg	$2K	$12K	10x
Paradex kPEPE-USD-PERP	+0.0710%	8h	0.000005057	−0.387%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0934%	1h	0.000005098	+0.414%	$105K	$749K	25x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+0.552%	$4K	$102K	12x	as long as short
Nado kPEPE-PERP	+0.1005%	1h	0.000005065	−0.238%	$194K	$861K	10x	as long as short
Backpack kPEPE_USDC_PERPshort	+0.1010%	1h	0.000005061	−0.321%	$98K	$612K	15x
01 Exchange kPEPEUSD	+0.1096%	1h	0.000005067	−0.197%	$611	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1371%	1h	0.000005074	−0.053%	$4.2M	$14.9M	50x	as long as short
Lighter 1000PEPE	+0.1680%	1h	0.000005066	−0.217%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.1848%	1h	0.000005077	0.000%	$56.1M	$136.7M	10x	as long as short