Funding you earn now, next payment 01:00 UTC−0.1087%/8h= −119.0% APRnext payment −$1.36 per $10,000 · paid last 24h −0.004%
Price spread now: SoDEX against Deribit−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 −$33 a day on $10k at the current rate, and SoDEX is 0.021% cheaper against Deribit 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004849 | 0.1196 | pay 0.0149% / 1h | 48m 49s | $78K | $98K | 25x |
| Short | SoDEX 1000PEPE-USD | 0.000004848 | 0.0109 | get 0.0014% / 1h | 48m 49s | $2K | $12K | 10x |
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Deribit. 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
- −$228.22
- Price spread: −0.021% → 0.000%
- −$2.06
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$245.28
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample | — | — | — | — | — |
| Sell SoDEX no order-book sample | — | — | — | — | — |
Deribit and 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 | 0.000004848 | −0.012% | $3.9M | $14.0M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004822 | −0.554% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004840 | −0.186% | $15K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004849 | 0.000% | $590K | $6.6M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004851 | +0.041% | $65.8M | $105.9M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004827 | −0.454% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004846 | −0.062% | $89.0M | $298.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004845 | −0.082% | $154.3M | $64.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004850 | +0.021% | $24.3M | $55.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004851 | +0.041% | $42.8M | $151.8M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004819 | −0.624% | $555K | $4.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004812 | −0.757% | $26K | $351K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004844 | −0.097% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004837 | −0.258% | $549K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004841 | −0.165% | $2.3M | $6.5M | 50x | as long as short |
| SoDEX 1000PEPE-USDshort | +0.0109% | 1h | 0.000004848 | −0.021% | $2K | $12K | 10x | |
| Paradex kPEPE-USD-PERP | +0.0173% | 8h | 0.000004827 | −0.452% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004836 | −0.266% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0191% | 8h | 0.000004850 | +0.021% | $42.9M | $513.2M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0310% | 8h | 0.000004847 | −0.041% | $4.0M | $23.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0320% | 8h | 0.000004848 | −0.012% | $30K | $13K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0352% | 1h | 0.000004831 | −0.371% | $1K | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004837 | −0.247% | $557K | $26.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0400% | 1h | 0.000004831 | −0.368% | $182K | $848K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0433% / S −0.0635% | 1h | 0.000004000 | −17.509% | $46K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0512% | 8h | 0.000004848 | −0.027% | — | $257.6M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0528% | 1h | 0.000004822 | −0.557% | $100K | $754K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0532% | 8h | 0.000004852 | +0.056% | $137.7M | $1.08B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0535% | 8h | 0.000004851 | +0.045% | $93.0M | $280.2M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0536% | 1h | 0.000004848 | −0.013% | $532K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0536% | 1h | 0.000004840 | −0.186% | $137K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0537% | 8h | 0.000004851 | +0.032% | $1.5M | $7.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004830 | −0.392% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0641% | 1h | 0.000004853 | +0.087% | $93K | $602K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.1196% | 1h | 0.000004849 | long leg | $78K | $98K | 25x |
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
ApeX Omni 1000PEPEUSDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP