PEPE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixkPEPE	0.000004634	+0.0313	pay 0.0039% / 1h	9m 18s	$47K	$306K	10x	Long Phoenix
SHORT	Deribit1000PEPE_USDC-PERPETUAL	0.000004646	0	0.0000% / 1h	9m 18s	$280K	$28.5M	25x	Short Deribit

Price gap+0.259%

Funding gap−0.0313% /8h

The gap pays +$40 on $10k if it goes back to its 7d average, but funding costs $9 a day and eats that in about 4.2 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$6−0.0313% /8h now · paid +0.064% over the last 7D

Price+$40spread +0.259% now, avg −0.138% → +0.397% if it goes back

Costs−$700.700% of $10k · taker + slippage, in and out

Result−$24−0.24%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.064% in total, about +0.0030%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.259%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PEPE on 39 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size26.2 / 9.8 bp
At $10k entering Phoenix costs 26.2 bp, fee and slippage, 2.7× Deribit’s.
Note: Margin at max leverage$1,000 + $400
Phoenix 10x, Deribit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$9.39Long Phoenix: 24 payments, −$9.39; short Deribit: 24 payments, $0.00.
OK: Entry gap works for you+0.259% vs −0.138%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$47K vs $280K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhoenix No · Deribit Yes
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0030%/8h × 21 periods+$6.39

Price spread+0.259% → −0.138% (7d avg)+$39.68

Slippage, 4 orderslive order books−$55.97

Fee Phoenix bp × 2 orders−$7.00

Fee Deribit bp × 2 orders−$7.00

Net · 7 days · $10k−$23.90

Costs to cover0.700%Break-even33.2 days

Slippage: Phoenix: live order book, 37 min ago; Deribit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix4.2926.2 bp−$2681.7 bp−$817doesn’t fitdoesn’t fit

SELL · SHORTDeribit4.339.8 bp−$1015.6 bp−$156doesn’t fitdoesn’t fit

Closing costs about the same again.

PEPE news

posts that mention PEPE, from every exchangeSearch all news →

10-28 16:00	OKX	Other	Europe, your next X Drops basket is here. ZEC, NEAR, SUI, TAO, PEPE, WLD, LINK, PUMP, ONDO and ZAMA are in, with 3.4M $ZAMA up for grabs. Trade @zama for 3× rewards. @okx on X ↗
10-22 06:00	KuCoin	Other	Fresh out of the oven: the coin cookie tray 🍪 BTC, ETH, SOL, DOGE, PEPE and more. Which one are you reaching for? Register and complete your first trade for a chance to share 5,000 USDT, up to 100 USDT each. Grab yours 👉 #FoodForYourThought #KuFood #KuCoin @kucoincom on X ↗
09-28 17:53	Phoenix	Listing	Now live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗
09-24 15:00	Phoenix	Listing	new market kPEPE ($PEPE) seen by our collector
09-23 09:30	Phemex	Other	BTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗