PEPE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Polymarket PerpsKPEPE-USD	0.000004451	−0.0124	get 0.0015% / 1h	25m 04s	$157K	$155K	10x	Long Polymarket Perps
SHORT	InjectivePEPE/USDC PERP	0.000004450	+0.0033	get 0.0004% / 1h	25m 04s	$17K	$139K	10x	Short Injective

Price gap−0.017%

Funding gap+0.0157% /8h

Both sides work: funding pays +$5 a day on $10k, and the gap is 0.045% above its 7d average: +$4 more if it goes back.

If you open now and hold

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

Funding+$81+0.0157% /8h now · paid +0.807% over the last 7D

Price+$4spread −0.017% now, avg −0.062% → +0.045% if it goes back

Costs−$440.439% of $10k · taker + slippage, in and out

Result+$41+0.41%no pointsWhat the last 7D really paid, hour by hour → backtest

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−0.017%

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

3 ok · 2 to watch

Watch: Large against open interest7.4 / 14.1 bp
$10k is over 10% of Injective’s open interest.
Note: Margin at max leverage$1,000 + $1,000
Polymarket Perps 10x, Injective 10x. 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: +$4.71Long Polymarket Perps: 24 payments, +$3.71; short Injective: 24 payments, +$1.00.
OK: Entry gap works for you−0.017% vs −0.062%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$17K vs $157K OI
Injective sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
OK: No KYC on either legPolymarket Perps No · Injective No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0384%/8h × 21 periods+$80.73

Price spread−0.017% → −0.062% (7d avg)+$4.48

Slippage, 4 orderslive order books−$35.92

Fee Polymarket Perps bp × 2 orders−$8.00

Fee Injective bp × 2 orders−$0.02

Net · 7 days · $10k+$41.26

Costs to cover0.439%Break-even3.4 days

Slippage: Polymarket Perps: live order book, 23 min ago; Injective: live order book, 19 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPolymarket Perps3.357.4 bp−$711.1 bp−$111doesn’t fitdoesn’t fit

SELL · SHORTInjective11.1714.1 bp−$14doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

PEPE news

posts that mention PEPE, from every exchangeSearch all news →

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