PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0233%/8h= −25.6% APRnext payment −$2.33 per $10,000 · paid last 24h +0.011%

Price spread now: Orderly against Phemex+0.450%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Orderly

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. Orderly is 0.450% dearer against Phemex than usual: you sell high and buy low (spread +0.450% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex u1000PEPEUSDT	0.000005159	0.0581	pay 0.0581% / 8h	4h 25m	$2.6M	$7.3M	50x
Short	Orderly PERP_1000PEPE_USDC	0.000005182	0.0347	get 0.0347% / 8h	4h 25m	$34K	$24K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phemex. 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 PhemexbpFee OrderlybpOrdersPrice spread, now +0.450%Rate

Funding earned: −$49.03
Price spread: +0.450% → 0.000%: $44.97
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$22.06
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Phemex: live order book, 4 min ago; Orderly: no order-book sample. 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 Phemex live order book, 4 min ago	20.86 bp	34.6 bp −$35	38.1 bp −$381	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	0.000005182	+0.436%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005171	+0.236%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005188	+0.562%	$66K	$144K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005177	+0.343%	$101.4M	$355.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005172	+0.252%	$173.2M	$79.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005182	+0.456%	$26.2M	$65.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005200	+0.786%	$761K	$4.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005216	+1.111%	$42K	$463K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005188	+0.554%	$1K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005185	+0.500%	$589K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005182	+0.451%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0199%	8h	0.000005181	+0.434%	$47.9M	$178.7M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	+0.271%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDCshort	+0.0347%	8h	0.000005182	+0.450%	$34K	$24K	20x
OKX PEPE-USDT-SWAP	+0.0379%	8h	0.000005181	+0.426%	$49.0M	$627.5M	50x	as long as short
BloFin PEPE-USDT	+0.0498%	8h	0.000005166	+0.136%	$4.4M	$26.4M	75x	as long as short
Phemex u1000PEPEUSDTlong	+0.0581%	8h	0.000005159	long leg	$2.6M	$7.3M	50x
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005194	+0.678%	$1.0M	$33.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0698%	8h	0.000005177	+0.353%	—	$262.7M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0716%	1h	0.000005179	+0.388%	$73K	$125K	25x	as long as short
Extended 1000PEPE-USD	+0.0736%	1h	0.000005181	+0.432%	$550K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0736%	1h	0.000005178	+0.368%	$146K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0740%	8h	0.000005186	+0.519%	$149.2M	$1.25B	75x	as long as short
MEXC PEPE_USDT	+0.0740%	8h	0.000005180	+0.407%	$98.1M	$290.5M	300x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0776% / S −0.1567%	1h	0.000005000	−3.082%	$64K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0809%	8h	0.000005190	+0.607%	$6K	—	20x	as long as short
SoDEX 1000PEPE-USD	+0.0835%	1h	0.000005184	+0.485%	$2K	$10K	10x	as long as short
Lighter 1000PEPE	+0.0840%	1h	0.000005173	+0.271%	$594K	$8.3M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0845%	1h	0.000005209	+0.969%	$104K	$744K	25x	as long as short
Aster 1000PEPEUSDT	+0.0848%	8h	0.000005181	+0.434%	$1.9M	$9.5M	50x	as long as short
Nado kPEPE-PERP	+0.0865%	1h	0.000005184	+0.489%	$191K	$898K	10x	as long as short
01 Exchange kPEPEUSD	+0.1144%	1h	0.000005185	+0.504%	$625	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1168%	1h	0.000005207	+0.932%	$99K	$666K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1257%	1h	0.000005182	+0.455%	$4.6M	$15.9M	50x	as long as short
Hyperliquid kPEPE	+0.1590%	1h	0.000005190	+0.601%	$56.0M	$141.8M	10x	as long as short