PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0119%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h −0.019%

Price spread now: Deribit against Coinbase International−0.187%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.187% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.187% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 5.2 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000PEPE-PERP-INTX	0.000004816	0.0464	pay 0.0058% / 1h	32m 26s	$577K	$25.4M	50x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000004807	0.0583	get 0.0073% / 1h	32m 26s	$81K	$94K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −0.187%Rate

Funding earned: $24.95
Price spread: −0.187% → 0.000%: −$18.69
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$10.74
Costs to cover: 0.170%
Break-even: 10.0 days

Slippage unknown: Coinbase International: live order book, 2 min ago; Deribit: 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 Coinbase International live order book, 2 min ago	4.15 bp	11.1 bp −$11	15.0 bp −$150	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
dYdX PEPE-USD	0.0000%	1h	0.000004800	−0.337%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004789	−0.550%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004796	−0.415%	$56.8M	$70.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004806	−0.208%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004791	−0.509%	$88.3M	$273.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004796	−0.415%	$148.6M	$61.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004796	−0.417%	$23.7M	$52.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004799	−0.346%	$705K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004804	−0.255%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004826	+0.208%	$1K	$2.4M	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	0.000004801	−0.305%	$553K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0131%	8h	0.000004794	−0.457%	$41.2M	$487.2M	50x	as long as short
Bitget PEPEUSDT	+0.0171%	8h	0.000004798	−0.382%	$43.2M	$152.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004798	−0.374%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0245%	8h	0.000004812	−0.083%	$3.9M	$21.7M	75x	as long as short
Lighter 1000PEPE	+0.0304%	1h	0.000004806	−0.208%	$591K	$5.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.944%	$52K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0379%	8h	0.000004792	−0.500%	$29K	$11K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0381%	8h	0.000004806	−0.202%	$5K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTXlong	+0.0464%	1h	0.000004816	long leg	$577K	$25.4M	50x
Phemex u1000PEPEUSDT	+0.0467%	8h	0.000004811	−0.108%	$2.3M	$6.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0488%	1h	0.000004805	−0.222%	$95K	$622K	15x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004814	−0.042%	$4K	$92K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUALshort	+0.0583%	1h	0.000004807	−0.187%	$81K	$94K	25x
SoDEX 1000PEPE-USD	+0.0627%	1h	0.000004808	−0.166%	$2K	$9K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0670%	1h	0.000004816	0.000%	$100K	$758K	25x	as long as short
Nado kPEPE-PERP	+0.0683%	1h	0.000004800	−0.324%	$179K	$859K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0762%	1h	0.000004808	−0.165%	$3.9M	$13.0M	50x	as long as short
BingX 1000PEPE-USDC	+0.0766%	8h	0.000004793	−0.480%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0814%	8h	0.000004803	−0.260%	$90.2M	$289.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0816%	1h	0.000004802	−0.294%	$529K	$147K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000004811	−0.104%	$136K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0818%	8h	0.000004799	−0.361%	$127.2M	$1.02B	75x	as long as short
Aster 1000PEPEUSDT	+0.0859%	8h	0.000004800	−0.336%	$1.5M	$6.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.1232%	1h	0.000004812	−0.083%	$551	$2K	10x	as long as short