PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0187%/8h= −20.5% APRnext payment −$1.87 per $10,000 · paid last 24h −0.014%

Price spread now: Bitget against Orderly+0.039%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Bitget is 0.039% dearer against Orderly than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_1000PEPE_USDC	0.000005106	0.0287	pay 0.0287% / 8h	6h 07m	$34K	$24K	20x
Short	Bitget PEPEUSDT	0.000005108	0.0100	get 0.0100% / 8h	6h 07m	$47.8M	$166.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$39.36
Price spread: +0.039% → 0.000%: $3.92
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$53.44
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 1 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	1.57 bp	7.6 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit

Orderly: 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 34 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	0.000005104	−0.034%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005098	−0.145%	$18K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005110	+0.084%	$63K	$127K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005101	−0.100%	$99.4M	$326.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005107	+0.025%	$163.8M	$72.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005112	+0.131%	$25.6M	$61.3M	75x	as long as short
Bitget PEPEUSDTshort	+0.0100%	8h	0.000005108	+0.039%	$47.8M	$166.4M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005085	−0.413%	$648K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005092	−0.259%	$27K	$421K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005110	+0.082%	$2K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005107	+0.020%	$572K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005097	−0.171%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0260%	8h	0.000005106	+0.006%	$45.9M	$579.7M	50x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0287%	8h	0.000005106	long leg	$34K	$24K	20x
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005116	+0.202%	$734K	$30.6M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0458%	8h	0.000005115	+0.174%	$2.4M	$7.0M	50x	as long as short
BingX 1000PEPE-USDC	+0.0507%	8h	0.000005106	+0.006%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0527% / S −0.0557%	1h	0.000005000	−2.070%	$57K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0530%	1h	0.000005085	−0.405%	$105K	$748K	25x	as long as short
Extended 1000PEPE-USD	+0.0544%	1h	0.000005109	+0.069%	$562K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0544%	1h	0.000005121	+0.300%	$145K	—	3x	as long as short
MEXC PEPE_USDT	+0.0546%	8h	0.000005101	−0.084%	$96.6M	$292.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0552%	8h	0.000005107	+0.024%	$144.6M	$1.18B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0626%	1h	0.000005109	+0.065%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0650%	8h	0.000005117	+0.212%	$1.7M	$8.3M	50x	as long as short
Nado kPEPE-PERP	+0.0650%	1h	0.000005092	−0.266%	$193K	$885K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0653%	8h	0.000005102	−0.080%	$6K	$16	20x	as long as short
Kraken Futures PF_PEPEUSD	+0.0815%	1h	0.000005113	+0.139%	$4.1M	$14.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005095	−0.210%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0927%	1h	0.000005103	−0.053%	$62K	$114K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0950%	1h	0.000005117	+0.229%	$99K	$622K	15x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005119	+0.260%	$617	$3K	10x	as long as short
Lighter 1000PEPE	+0.1792%	1h	0.000005121	+0.300%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2060%	1h	0.000005123	+0.339%	$56.5M	$136.0M	10x	as long as short