PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0827%/8h= +90.6% APRnext payment +$1.03 per $10,000 · paid last 24h +0.109%

Price spread now: Hyperliquid against SoDEX−0.058%7-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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.058% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000005182	0.0116	pay 0.0015% / 1h	55m 18s	$2K	$11K	10x
Short	Hyperliquid kPEPE	0.000005179	0.0943	get 0.0118% / 1h	55m 18s	$55.3M	$154.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.058%Rate

Funding earned: $173.74
Price spread: −0.058% → 0.000%: −$5.79
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $150.95
Costs to cover: 0.170%
Break-even: 0.9 days

Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 9 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 Hyperliquid live order book, 9 min ago	2.92 bp	8.5 bp −$8	13.2 bp −$132	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 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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005156	−0.502%	$10K	$119K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005152	−0.577%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005168	−0.261%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005159	−0.444%	$60K	$180K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005179	−0.056%	$101.6M	$413.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005167	−0.289%	$163.7M	$95.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005172	−0.187%	$25.7M	$71.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005162	−0.394%	$615K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005173	−0.174%	$28K	$539K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005186	+0.075%	$2K	$2.6M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005171	−0.206%	$589K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USDlong	+0.0116%	1h	0.000005182	long leg	$2K	$11K	10x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005176	−0.117%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0310%	8h	0.000005181	−0.017%	$46.4M	$213.7M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0379%	8h	0.000005181	−0.014%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0417%	8h	0.000005179	−0.058%	$48.6M	$724.6M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0451%	1h	0.000005179	−0.058%	$4.7M	$16.8M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0515%	8h	0.000005158	−0.463%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0542%	8h	0.000005178	−0.077%	$4.6M	$29.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0571%	8h	0.000005179	−0.054%	$2.4M	$8.0M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0607%	1h	0.000005157	−0.482%	$72K	$848K	15x	as long as short
Lighter 1000PEPE	+0.0616%	1h	0.000005184	+0.039%	$624K	$9.0M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005177	−0.096%	$704K	$38.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0648%	1h	0.000005156	−0.502%	$622	$3K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0716%	1h	0.000005180	−0.039%	$74K	$127K	25x	as long as short
Nado kPEPE-PERP	+0.0739%	1h	0.000005173	−0.174%	$164K	$956K	10x	as long as short
BingX 1000PEPE-USDT	+0.0751%	8h	0.000005174	−0.154%	—	$217.3M	—	as long as short
Extended 1000PEPE-USD	+0.0784%	1h	0.000005180	−0.041%	$547K	$285K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0784%	1h	0.000005178	−0.077%	$146K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0785%	8h	0.000005181	−0.015%	$143.2M	$1.44B	75x	as long as short
MEXC PEPE_USDT	+0.0788%	8h	0.000005179	−0.056%	$98.6M	$301.9M	300x	as long as short
Aster 1000PEPEUSDT	+0.0812%	8h	0.000005181	−0.027%	$1.8M	$11.6M	50x	as long as short
Hyperliquid kPEPEshort	+0.0943%	1h	0.000005179	−0.058%	$55.3M	$154.5M	10x
GMX PEPE/USD [ETH-USDC]	L +0.1132% / S −0.2351%	1h	0.000005000	−3.512%	$63K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1244%	1h	0.000005189	+0.135%	$157K	$818K	25x	as long as short