Funding you earn now, next payment 01:00 UTC+0.0515%/8h= +56.3% APRnext payment +$0.64 per $10,000 · paid last 24h +0.060%
Price spread now: Injective against SoDEX+0.207%58s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$15 a day on $10k at the current rate, and Injective is 0.207% dearer against SoDEX than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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 | 0.000004821 | 0.0121 | pay 0.0015% / 1h | 51m 28s | $2K | $12K | 10x |
| Short | Injective PEPE/USDC PERP | 0.000004831 | 0.0636 | get 0.0079% / 1h | 51m 28s | $4K | $102K | 12x |
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SoDEX. 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
- $108.05
- Price spread: +0.207% → 0.000%
- $20.74
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $120.77
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; Injective: live order book, 22 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 Injective live order book, 22 min ago | 18.02 bp | 18.0 bp −$18 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0121% | 1h | 0.000004819 | −0.034% | $3.9M | $14.0M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004821 | +0.004% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004822 | +0.010% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004820 | −0.021% | $66.4M | $104.8M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004825 | +0.083% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004823 | +0.041% | $88.7M | $298.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004824 | +0.062% | $153.4M | $64.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004820 | −0.017% | $24.0M | $55.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004824 | +0.071% | $42.6M | $151.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004819 | −0.047% | $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 | −0.181% | $26K | $351K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004834 | +0.268% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004823 | +0.048% | $547K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004820 | −0.015% | $2.3M | $6.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0104% | 1h | 0.000004828 | +0.145% | $588K | $6.6M | 10x | as long as short |
| SoDEX 1000PEPE-USDlong | +0.0121% | 1h | 0.000004821 | long leg | $2K | $12K | 10x | |
| Paradex kPEPE-USD-PERP | +0.0174% | 8h | 0.000004827 | +0.124% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004822 | +0.029% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0190% | 8h | 0.000004823 | +0.041% | $43.1M | $509.0M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0313% | 8h | 0.000004821 | 0.000% | $4.0M | $22.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0324% | 8h | 0.000004822 | +0.023% | $30K | $13K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0352% | 1h | 0.000004825 | +0.083% | $1K | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004820 | −0.021% | $561K | $26.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0390% | 1h | 0.000004824 | +0.062% | $181K | $848K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0411% / S −0.0534% | 1h | 0.000004000 | −17.030% | $41K | — | 100x | as long as short |
| BingX 1000PEPE-USDC | +0.0532% | 8h | 0.000004819 | −0.033% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0536% | 8h | 0.000004828 | +0.151% | $137.1M | $1.08B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0536% | 1h | 0.000004822 | +0.025% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0536% | 1h | 0.000004791 | −0.622% | $135K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0537% | 8h | 0.000004822 | +0.027% | $92.5M | $280.0M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0541% | 8h | 0.000004825 | +0.078% | $1.5M | $7.4M | 50x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0636% | 1h | 0.000004831 | +0.207% | $4K | $102K | 12x | |
| Backpack kPEPE_USDC_PERP | +0.0714% | 1h | 0.000004821 | +0.006% | $93K | $602K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0787% | 1h | 0.000004817 | −0.083% | $100K | $754K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0788% | 1h | 0.000004820 | −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
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL