PEPE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BackpackkPEPE_USDC_PERP	0.000004515	+0.1005	pay 0.0126% / 1h	53m 17s	$176K	$1.4M	15x	Long Backpack
SHORT	PhoenixkPEPE	0.000004529	+0.0281	get 0.0035% / 1h	53m 17s	$46K	$277K	10x	Short Phoenix

Price gap+0.317%

Funding gap−0.0724% /8h

The gap pays +$24 on $10k if it goes back to its 7d average, but funding costs $22 a day and eats that in about 26 hours. At the last 7 days' pace that is about 3.1 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$54−0.0724% /8h now · paid −0.544% over the last 7D

Price+$24spread +0.317% now, avg +0.078% → +0.239% if it goes back

Costs−$730.728% of $10k · taker + slippage, in and out

Result−$103−1.03%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.317%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PEPE on 39 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size15.8 / 25.0 bp
At $10k entering Phoenix costs 25.0 bp, fee and slippage, 1.6× Backpack’s.
Note: Margin at max leverage$667 + $1,000
Backpack 15x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$21.73Long Backpack: 24 payments, −$30.16; short Phoenix: 24 payments, +$8.43.
OK: Entry gap works for you+0.317% vs +0.078%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$46K vs $176K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBackpack Yes · Phoenix No
KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0259%/8h × 21 periods−$54.42

Price spread+0.317% → +0.078% (7d avg)+$23.87

Slippage, 4 orderslive order books−$55.75

Fee Backpack bp × 2 orders−$10.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$103.31

Costs to cover0.728%Break-evennever at this rate

Slippage: Backpack: live order book, 5 min ago; Phoenix: live order book, 63 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBackpack0.1115.8 bp−$16doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTPhoenix2.2525.0 bp−$2584.5 bp−$845doesn’t fitdoesn’t fit

Closing costs about the same again.

PEPE news

posts that mention PEPE, from every exchangeSearch all news →

10-28 16:00	OKX	Other	Europe, your next X Drops basket is here. ZEC, NEAR, SUI, TAO, PEPE, WLD, LINK, PUMP, ONDO and ZAMA are in, with 3.4M $ZAMA up for grabs. Trade @zama for 3× rewards. @okx on X ↗
10-22 06:00	KuCoin	Other	Fresh out of the oven: the coin cookie tray 🍪 BTC, ETH, SOL, DOGE, PEPE and more. Which one are you reaching for? Register and complete your first trade for a chance to share 5,000 USDT, up to 100 USDT each. Grab yours 👉 #FoodForYourThought #KuFood #KuCoin @kucoincom on X ↗
09-28 17:53	Phoenix	Listing	Now live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗
09-24 15:00	Phoenix	Listing	new market kPEPE ($PEPE) seen by our collector
09-23 09:30	Phemex	Other	BTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗