PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0320%/8h= +35.0% APRnext payment +$3.20 per $10,000 · paid last 24h −0.011%

Price spread now: Phemex against Orderly−0.314%53s7-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 Phemex

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

Funding pays, the price is against you. Phemex is 0.314% cheaper against Orderly than usual: you would sell low and buy high (spread −0.314% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 3.3 days of funding at the current rate (+$10 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_1000PEPE_USDC	0.000005068	0.0316	pay 0.0316% / 8h	5h 35m	$33K	$24K	20x
Short	Phemex u1000PEPEUSDT	0.000005052	0.0635	get 0.0635% / 8h	5h 35m	$2.4M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.314%Rate

Funding earned: $67.16
Price spread: −0.314% → 0.000%: −$31.38
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: $17.78
Costs to cover: 0.180%
Break-even: 5.1 days

Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago	8.99 bp	23.7 bp −$24	41.1 bp −$411	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	0.000005050	−0.340%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005059	−0.180%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005053	−0.290%	$64K	$136K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005063	−0.091%	$99.2M	$334.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005065	−0.053%	$166.1M	$74.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005065	−0.045%	$25.5M	$62.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005068	−0.002%	$46.5M	$171.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005042	−0.517%	$681K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005040	−0.542%	$36K	$434K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005071	+0.059%	$2K	$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	0.000005028	−0.791%	$574K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005067	−0.004%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0316%	8h	0.000005068	long leg	$33K	$24K	20x
OKX PEPE-USDT-SWAP	+0.0317%	8h	0.000005066	−0.034%	$46.2M	$586.3M	50x	as long as short
BloFin PEPE-USDT	+0.0429%	8h	0.000005028	−0.783%	$4.3M	$25.1M	75x	as long as short
BingX 1000PEPE-USDC	+0.0575%	8h	0.000005056	−0.227%	—	$2.3M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005018	−0.981%	$838K	$30.9M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0582% / S −0.0900%	1h	0.000005000	−1.336%	$50K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0588%	1h	0.000005050	−0.349%	$2K	$12K	10x	as long as short
MEXC PEPE_USDT	+0.0607%	8h	0.000005062	−0.111%	$96.0M	$288.5M	300x	as long as short
Extended 1000PEPE-USD	+0.0608%	1h	0.000005062	−0.114%	$535K	$221K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0608%	1h	0.000005068	+0.006%	$143K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0612%	8h	0.000005069	+0.026%	$142.2M	$1.20B	75x	as long as short
Phemex u1000PEPEUSDTshort	+0.0635%	8h	0.000005052	−0.314%	$2.4M	$7.0M	50x
Aster 1000PEPEUSDT	+0.0705%	8h	0.000005060	−0.144%	$1.8M	$9.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0738%	1h	0.000005064	−0.073%	$61K	$114K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0773%	8h	0.000005060	−0.153%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0862%	1h	0.000005040	−0.547%	$99K	$753K	25x	as long as short
Nado kPEPE-PERP	+0.0869%	1h	0.000005067	−0.015%	$184K	$866K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0925%	1h	0.000005054	−0.276%	$98K	$618K	15x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+0.736%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0984%	1h	0.000005074	+0.124%	$612	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1379%	1h	0.000005047	−0.414%	$4.2M	$15.1M	50x	as long as short
Lighter 1000PEPE	+0.1400%	1h	0.000005053	−0.290%	$709K	$8.0M	10x	as long as short
Hyperliquid kPEPE	+0.1803%	1h	0.000005073	+0.105%	$55.8M	$137.5M	10x	as long as short