PEPE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Deribit1000PEPE_USDC-PERPETUAL	0.000004600	+0.0403	pay 0.0050% / 1h	57m 55s	$251K	$27.6M	25x	Long Deribit
SHORT	PhoenixkPEPE	0.000004599	+0.0281	get 0.0035% / 1h	57m 55s	$47K	$276K	10x	Short Phoenix

Price gap−0.022%61s

Funding gap−0.0122% /8h

Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.159% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$7−0.0122% /8h now · paid −0.065% over the last 7D

Price—spread −0.022%61s now · prices read too far apart to compare

Costs−$810.806% of $10k · taker + slippage, in and out

Result—no pointsneeds both prices read together

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−0.022%

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

1 ok · 4 to watch

Watch: Thin at this size17.6 / 24.7 bp
At $10k entering Phoenix costs 24.7 bp, fee and slippage, 1.4× Deribit’s.
Note: Margin at max leverage$400 + $1,000
Deribit 25x, 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: −$3.65Long Deribit: 24 payments, −$12.08; short Phoenix: 24 payments, +$8.43.
Watch: Prices read 61 s apart−0.022% vs +0.137%
Part of this gap may be the market moving.
Watch: Short leg is thinner$47K vs $251K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCDeribit Yes · Phoenix No
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0031%/8h × 21 periods−$6.51

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$66.64

Fee Deribit bp × 2 orders−$7.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$87.15

price spread not counted: prices read too far apart

Costs to cover0.806%Break-evennever at this rate

Slippage: Deribit: live order book, 5 min ago; Phoenix: live order book, 53 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGDeribit6.5417.6 bp−$1835.8 bp−$358doesn’t fitdoesn’t fit

SELL · SHORTPhoenix2.2124.7 bp−$2583.7 bp−$837doesn’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 ↗