PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0459%/8h= −50.2% APRnext payment −$0.57 per $10,000 · paid last 24h −0.040%

Price spread now: SoDEX against Backpack−0.004%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on SoDEX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kPEPE_USDC_PERP	0.000004813	0.0559	pay 0.0070% / 1h	14m 39s	$93K	$614K	15x
Short	SoDEX 1000PEPE-USD	0.000004813	0.0100	get 0.0013% / 1h	14m 39s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Backpack. 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 BackpackbpFee SoDEXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$96.33
Price spread: −0.004% → 0.000%: −$0.42
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$114.74
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 4 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 Backpack live order book, 4 min ago	3.23 bp	11.8 bp −$12	30.4 bp −$304	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	0.000004806	−0.146%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004806	−0.150%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004813	−0.004%	$696K	$5.9M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004809	−0.087%	$62.3M	$82.2M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004812	−0.025%	$60K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004809	−0.087%	$87.0M	$282.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004806	−0.150%	$150.1M	$63.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004811	−0.048%	$24.8M	$53.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004782	−0.650%	$541K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004784	−0.602%	$27K	$345K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004818	+0.102%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USDshort	+0.0100%	1h	0.000004813	−0.004%	$2K	$12K	10x
HTX PEPE-USDT	+0.0100%	8h	0.000004802	−0.231%	$541K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0121%	8h	0.000004812	−0.033%	$42.3M	$148.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004813	+0.001%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0214%	8h	0.000004812	−0.025%	$41.7M	$492.8M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0286%	8h	0.000004808	−0.100%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0322% / S −0.0344%	1h	0.000004000	−16.895%	$43K	—	100x	as long as short
BloFin PEPE-USDT	+0.0337%	8h	0.000004812	−0.025%	$3.9M	$22.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0352%	8h	0.000004810	−0.077%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0416%	1h	0.000004811	−0.046%	$551	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004816	+0.058%	$585K	$25.5M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0451%	8h	0.000004813	0.000%	$29K	$11K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0471%	1h	0.000004779	−0.711%	$102K	$763K	25x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.0559%	1h	0.000004813	long leg	$93K	$614K	15x
BingX 1000PEPE-USDT	+0.0742%	8h	0.000004811	−0.035%	—	$256.4M	—	as long as short
Nado kPEPE-PERP	+0.0753%	1h	0.000004809	−0.082%	$185K	$845K	10x	as long as short
Binance 1000PEPEUSDT	+0.0764%	8h	0.000004811	−0.037%	$130.6M	$1.04B	75x	as long as short
MEXC PEPE_USDT	+0.0765%	8h	0.000004814	+0.010%	$91.6M	$285.6M	300x	as long as short
Extended 1000PEPE-USD	+0.0768%	1h	0.000004809	−0.090%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0768%	1h	0.000004801	−0.253%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0782%	8h	0.000004813	0.000%	$1.5M	$7.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004785	−0.586%	$4K	$103K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0998%	1h	0.000004813	−0.004%	$81K	$94K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.1325%	1h	0.000004814	+0.019%	$3.9M	$13.3M	50x	as long as short