PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0287%/8h= −31.4% APRnext payment −$2.87 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against Orderly−0.071%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bybit

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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.071% cheaper against Orderly than usual: you would sell low and buy high (−$7 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	Orderly PERP_1000PEPE_USDC	0.000004762	0.0387	pay 0.0387% / 8h	28m 19s	$30K	$12K	20x
Short	Bybit 1000PEPEUSDT	0.000004759	0.0100	get 0.0100% / 8h	28m 19s	$85.7M	$290.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$60.25
Price spread: −0.071% → 0.000%: −$7.14
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$84.39
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 6 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 Bybit live order book, 6 min ago	1.05 bp	8.4 bp −$8	11.5 bp −$115	29.9 bp −$2,992	170.9 bp −$85.5K

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 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	−0.0160%	1h	0.000004754	−0.176%	$66.6M	$93.2M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004763	+0.017%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004756	−0.132%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004760	−0.042%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004768	+0.118%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDTshort	+0.0100%	8h	0.000004759	−0.071%	$85.7M	$290.0M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000004760	−0.050%	$149.3M	$64.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004763	+0.010%	$24.2M	$54.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004762	−0.019%	$42.1M	$150.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004765	+0.054%	$583K	$4.1M	—	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	0.000004771	+0.180%	$26K	$351K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004769	+0.139%	$99K	$761K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004776	+0.292%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004761	−0.029%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004762	−0.013%	$539K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0104%	1h	0.000004762	−0.008%	$598K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0183%	8h	0.000004767	+0.107%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004760	−0.055%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0190%	8h	0.000004762	−0.006%	$2.3M	$6.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0204%	8h	0.000004762	−0.008%	$41.4M	$494.6M	50x	as long as short
01 Exchange kPEPEUSD	+0.0264%	1h	0.000004768	+0.118%	$546	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0325%	8h	0.000004772	+0.202%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0379% / S −0.0340%	1h	0.000004000	−16.009%	$47K	—	100x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0387%	8h	0.000004762	long leg	$30K	$12K	20x
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004765	+0.055%	$568K	$25.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004776	+0.286%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0575%	1h	0.000004773	+0.225%	$90K	$602K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0591%	1h	0.000004761	−0.029%	$77K	$98K	25x	as long as short
BingX 1000PEPE-USDT	+0.0602%	8h	0.000004761	−0.023%	—	$256.8M	—	as long as short
Binance 1000PEPEUSDT	+0.0613%	8h	0.000004760	−0.040%	$130.5M	$1.06B	75x	as long as short
Aster 1000PEPEUSDT	+0.0614%	8h	0.000004762	−0.004%	$1.5M	$7.3M	50x	as long as short
MEXC PEPE_USDT	+0.0615%	8h	0.000004763	+0.008%	$91.3M	$281.1M	300x	as long as short
Extended 1000PEPE-USD	+0.0616%	1h	0.000004760	−0.056%	$524K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0616%	1h	0.000004766	+0.076%	$135K	—	3x	as long as short
Nado kPEPE-PERP	+0.0680%	1h	0.000004761	−0.020%	$182K	$849K	10x	as long as short