Funding you earn now, next payment 00:00 UTC−0.0264%/8h= −28.9% APRnext payment −$0.33 per $10,000 · paid last 24h −0.006%
Price spread now: SoDEX against Coinbase International−0.021%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 −$8 a day on $10k at the current rate, and SoDEX is 0.021% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 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 | 0.000004824 | 0.0368 | pay 0.0046% / 1h | 50m 26s | $554K | $26.0M | 50x |
| Short | SoDEX 1000PEPE-USD | 0.000004823 | 0.0104 | get 0.0013% / 1h | 50m 26s | $2K | $12K | 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
- −$55.34
- Price spread: −0.021% → 0.000%
- −$2.07
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$75.41
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: 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 Coinbase International live order book, 4 min ago | 3.12 bp | 14.1 bp −$14 | 16.6 bp −$166 | 49.9 bp −$4,993 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0121% | 1h | 0.000004823 | −0.016% | $3.9M | $14.0M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004823 | −0.016% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004822 | −0.052% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004818 | −0.124% | $65.8M | $105.2M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004827 | +0.062% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004818 | −0.120% | $88.7M | $298.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004824 | 0.000% | $153.5M | $64.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004822 | −0.041% | $24.1M | $55.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004819 | −0.095% | $42.6M | $151.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004819 | −0.109% | $555K | $4.2M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004812 | −0.243% | $26K | $351K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004834 | +0.197% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004822 | −0.050% | $547K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004826 | +0.037% | $2.3M | $6.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0104% | 1h | 0.000004830 | +0.124% | $588K | $6.6M | 10x | as long as short |
| SoDEX 1000PEPE-USDshort | +0.0104% | 1h | 0.000004823 | −0.021% | $2K | $12K | 10x | |
| Paradex kPEPE-USD-PERP | +0.0173% | 8h | 0.000004824 | +0.010% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004819 | −0.107% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0190% | 8h | 0.000004823 | −0.021% | $43.1M | $509.2M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0311% | 8h | 0.000004825 | +0.021% | $3.9M | $22.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0324% | 8h | 0.000004822 | −0.039% | $30K | $13K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0344% | 1h | 0.000004826 | +0.041% | $1K | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0368% | 1h | 0.000004824 | long leg | $554K | $26.0M | 50x | |
| Nado kPEPE-PERP | +0.0381% | 1h | 0.000004820 | −0.087% | $181K | $848K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0411% / S −0.0534% | 1h | 0.000004000 | −17.081% | $41K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0517% | 8h | 0.000004822 | −0.041% | — | $257.5M | — | as long as short |
| MEXC PEPE_USDT | +0.0535% | 8h | 0.000004828 | +0.089% | $92.6M | $280.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0536% | 8h | 0.000004822 | −0.044% | $136.9M | $1.08B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0536% | 1h | 0.000004824 | +0.007% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0536% | 1h | 0.000004791 | −0.684% | $135K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0541% | 8h | 0.000004829 | +0.101% | $1.5M | $7.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004831 | +0.145% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0696% | 1h | 0.000004825 | +0.015% | $93K | $602K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0787% | 1h | 0.000004817 | −0.145% | $100K | $754K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0788% | 1h | 0.000004823 | −0.021% | $78K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
01 Exchange kPEPEUSD
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL