PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0387%/8h= −42.4% APRnext payment −$0.48 per $10,000 · paid last 24h −0.063%

Price spread now: Reya against Backpack+0.492%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Reya

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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.492% dearer against Backpack than usual: you sell high and buy low (spread +0.492% now, against zero (this spread has no 7-day history yet)): +$49 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kPEPE_USDC_PERP	0.000005032	0.0576	pay 0.0072% / 1h	16m 20s	$95K	$601K	15x
Short	Reya kPEPERUSDPERP	0.000005057	0.0189	get 0.0024% / 1h	16m 20s	$8K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now +0.492%Rate

Funding earned: −$81.36
Price spread: +0.492% → 0.000%: $49.15
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$48.21
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Backpack: live order book, 57 min ago; Reya: 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 Backpack live order book, 57 min ago	2.22 bp	14.2 bp −$14	38.6 bp −$386	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0117%	1h	0.000005021	−0.232%	$3.9M	$14.2M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005045	+0.249%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005059	+0.533%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005049	+0.334%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005062	+0.594%	$95.0M	$307.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005056	+0.473%	$162.5M	$68.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005059	+0.537%	$26.0M	$57.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005056	+0.477%	$44.3M	$154.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005008	−0.487%	$576K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005015	−0.340%	$52K	$379K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005028	−0.087%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005022	−0.203%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005024	−0.169%	$567K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005013	−0.386%	$2.4M	$6.7M	50x	as long as short
Reya kPEPERUSDPERPshort	+0.0189%	1h	0.000005057	+0.492%	$8K	—	15x
OKX PEPE-USDT-SWAP	+0.0193%	8h	0.000005068	+0.711%	$45.0M	$544.6M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0242%	1h	0.000005019	−0.262%	$104K	$749K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0246%	8h	0.000005059	+0.523%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0275%	8h	0.000005059	+0.537%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0310%	8h	0.000005024	−0.163%	$4.0M	$24.1M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000005029	−0.064%	$684K	$27.6M	50x	as long as short
BingX 1000PEPE-USDT	+0.0465%	8h	0.000005063	+0.618%	—	$257.5M	—	as long as short
MEXC PEPE_USDT	+0.0478%	8h	0.000005061	+0.578%	$100.4M	$289.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0479%	8h	0.000005065	+0.659%	$139.9M	$1.11B	75x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005052	+0.402%	$555K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005046	+0.274%	$143K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0486% / S −0.0461%	1h	0.000005000	−0.640%	$58K	—	100x	as long as short
Lighter 1000PEPE	+0.0504%	1h	0.000005055	+0.453%	$659K	$6.8M	10x	as long as short
Nado kPEPE-PERP	+0.0517%	1h	0.000005061	+0.564%	$192K	$862K	10x	as long as short
Aster 1000PEPEUSDT	+0.0522%	8h	0.000005056	+0.481%	$1.5M	$7.5M	50x	as long as short
01 Exchange kPEPEUSD	+0.0560%	1h	0.000005066	+0.672%	$1K	$2K	10x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.0576%	1h	0.000005032	long leg	$95K	$601K	15x
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005032	−0.004%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0747%	1h	0.000005022	−0.203%	$61K	$114K	25x	as long as short
Hyperliquid kPEPE	+0.1669%	1h	0.000005083	+1.009%	$57.9M	$129.2M	10x	as long as short