PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0226%/8h= −24.8% APRnext payment −$0.28 per $10,000 · paid last 24h −0.004%

Price spread now: 01 Exchange against Backpack−0.114%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on 01 Exchange

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—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and 01 Exchange is 0.114% cheaper against Backpack than usual: you would sell low and buy high (−$11 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	Backpack kPEPE_USDC_PERP	0.000004726	0.0530	pay 0.0066% / 1h	9m 15s	$92K	$603K	15x
Short	01 Exchange kPEPEUSD	0.000004721	0.0304	get 0.0038% / 1h	9m 15s	$541	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.114%Rate

Funding earned: −$47.5
Price spread: −0.114% → 0.000%: −$11.43
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$75.93
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 5 min ago; 01 Exchange: 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, 5 min ago	2.22 bp	14.2 bp −$14	38.6 bp −$386	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Hyperliquid kPEPE	−0.0321%	1h	0.000004712	−0.305%	$69.3M	$96.3M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004717	−0.202%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004720	−0.144%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0068%	1h	0.000004722	−0.085%	$3.8M	$13.8M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004718	−0.178%	$55K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004722	−0.093%	$86.7M	$293.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004722	−0.093%	$149.2M	$65.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004724	−0.057%	$24.0M	$54.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004725	−0.021%	$41.8M	$150.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004715	−0.245%	$567K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004726	−0.012%	$25K	$349K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004728	+0.034%	$99K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004733	+0.131%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004723	−0.072%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004724	−0.059%	$534K	$3.5M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0176%	8h	0.000004717	−0.191%	$5K	$16	20x	as long as short
Lighter 1000PEPE	+0.0176%	1h	0.000004726	−0.008%	$569K	$6.6M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004723	−0.071%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0196%	8h	0.000004728	+0.028%	$2.3M	$6.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000004725	−0.030%	$41.7M	$494.2M	50x	as long as short
01 Exchange kPEPEUSDshort	+0.0304%	1h	0.000004721	−0.114%	$541	$2K	10x
BloFin PEPE-USDT	+0.0324%	8h	0.000004725	−0.030%	$3.9M	$22.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0354%	8h	0.000004725	−0.032%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0388% / S −0.0314%	1h	0.000004000	−15.369%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004723	−0.072%	$563K	$25.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004726	−0.008%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.0530%	1h	0.000004726	long leg	$92K	$603K	15x
BingX 1000PEPE-USDT	+0.0553%	8h	0.000004727	+0.011%	—	$257.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0564%	8h	0.000004725	−0.034%	$1.5M	$7.3M	50x	as long as short
Extended 1000PEPE-USD	+0.0568%	1h	0.000004722	−0.101%	$518K	$148K	25x	as long as short
Binance 1000PEPEUSDT	+0.0570%	8h	0.000004727	+0.015%	$132.2M	$1.07B	75x	as long as short
MEXC PEPE_USDT	+0.0574%	8h	0.000004728	+0.038%	$88.2M	$282.9M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0576%	1h	0.000004724	−0.051%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0622%	1h	0.000004722	−0.092%	$178K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0810%	1h	0.000004724	−0.051%	$76K	$98K	25x	as long as short