PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0289%/8h= −31.6% APRnext payment −$2.89 per $10,000 · paid last 24h −0.016%

Price spread now: KuCoin against Orderly+0.076%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 KuCoin

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. KuCoin is 0.076% dearer against Orderly than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_1000PEPE_USDC	0.000005267	0.0389	pay 0.0389% / 8h	3h 29m	$35K	$26K	20x
Short	KuCoin PEPEUSDTM	0.000005271	0.0100	get 0.0100% / 8h	3h 29m	$26.4M	$68.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$60.65
Price spread: +0.076% → 0.000%: $7.59
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.06
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	1.04 bp	13.3 bp −$13	23.8 bp −$238	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 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	0.000005280	+0.246%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005270	+0.066%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+1.139%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005285	+0.342%	$67K	$162K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005269	+0.038%	$107.1M	$378.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005276	+0.171%	$175.1M	$87.9M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000005271	+0.076%	$26.4M	$68.2M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005312	+0.846%	$747K	$5.1M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005299	+0.612%	$29K	$535K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005301	+0.651%	$2K	$2.5M	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	0.000005295	+0.532%	$601K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005285	+0.337%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0289%	8h	0.000005271	+0.082%	$51.3M	$190.0M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0320%	1h	0.000005268	+0.019%	$75K	$126K	25x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0389%	8h	0.000005267	long leg	$35K	$26K	20x
OKX PEPE-USDT-SWAP	+0.0435%	8h	0.000005272	+0.095%	$51.6M	$678.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0477%	1h	0.000005296	+0.551%	$2K	$10K	10x	as long as short
BloFin PEPE-USDT	+0.0560%	8h	0.000005312	+0.854%	$5.0M	$28.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0630%	8h	0.000005296	+0.543%	$2.6M	$7.5M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005304	+0.702%	$650K	$36.6M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0755%	8h	0.000005279	+0.227%	$6K	—	20x	as long as short
BingX 1000PEPE-USDT	+0.0761%	8h	0.000005280	+0.241%	—	$235.1M	—	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005274	+0.133%	$559K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005258	−0.171%	$149K	—	3x	as long as short
MEXC PEPE_USDT	+0.0801%	8h	0.000005280	+0.254%	$103.4M	$295.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0802%	8h	0.000005279	+0.234%	$154.0M	$1.32B	75x	as long as short
Nado kPEPE-PERP	+0.0875%	1h	0.000005282	+0.287%	$190K	$916K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0904%	1h	0.000005308	+0.778%	$163K	$808K	25x	as long as short
Aster 1000PEPEUSDT	+0.0919%	8h	0.000005279	+0.232%	$1.9M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0945% / S −0.1879%	1h	0.000005000	−5.069%	$65K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.1016%	1h	0.000005285	+0.342%	$637	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1217%	1h	0.000005288	+0.408%	$69K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1256%	1h	0.000005291	+0.456%	$697K	$8.7M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1543%	1h	0.000005291	+0.459%	$4.9M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1632%	1h	0.000005288	+0.399%	$57.8M	$145.2M	10x	as long as short