PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h −0.050%

Price spread now: Deribit against 01 Exchange−0.199%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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. Deribit is 0.199% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.199% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 8.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000005031	0.0672	pay 0.0084% / 1h	22m 34s	$607	$3K	10x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000005021	0.0747	get 0.0093% / 1h	22m 34s	$72K	$127K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against 01 Exchange. 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 01 ExchangebpFee DeribitbpOrdersPrice spread, now −0.199%Rate

Funding earned: $15.71
Price spread: −0.199% → 0.000%: −$19.88
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$18.17
Costs to cover: 0.140%
Break-even: 15.1 days

Slippage unknown: 01 Exchange: no order-book sample; Deribit: live order book, 56 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Deribit live order book, 56 min ago	6.69 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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	0.000005017	−0.268%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0001%	1h	0.000005018	−0.262%	$6K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005024	−0.139%	$57K	$177K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005038	+0.145%	$98.7M	$405.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005024	−0.139%	$161.1M	$94.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005022	−0.173%	$24.9M	$71.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005002	−0.583%	$598K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004994	−0.736%	$27K	$537K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005028	−0.054%	$2K	$2.6M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005022	−0.185%	$562K	$4.1M	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	0.000005024	−0.148%	$8K	—	15x	as long as short
SoDEX 1000PEPE-USD	+0.0209%	1h	0.000005023	−0.159%	$2K	$10K	10x	as long as short
Bitget PEPEUSDT	+0.0332%	8h	0.000005028	−0.062%	$45.2M	$210.4M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0396%	8h	0.000005023	−0.151%	$33K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0422%	8h	0.000005041	+0.199%	$46.6M	$690.3M	50x	as long as short
BloFin PEPE-USDT	+0.0549%	8h	0.000005021	−0.199%	$4.4M	$28.0M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0564%	8h	0.000005021	−0.207%	$6K	—	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0639%	1h	0.000005020	−0.221%	$73K	$831K	15x	as long as short
Phemex u1000PEPEUSDT	+0.0646%	8h	0.000005024	−0.143%	$2.4M	$7.9M	50x	as long as short
Lighter 1000PEPE	+0.0656%	1h	0.000005028	−0.060%	$597K	$9.0M	10x	as long as short
01 Exchange kPEPEUSDlong	+0.0672%	1h	0.000005031	long leg	$607	$3K	10x
Coinbase International 1000PEPE-PERP-INTX	+0.0680%	1h	0.000005025	−0.119%	$635K	$36.9M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0689%	1h	0.000005000	−0.616%	$154K	$813K	25x	as long as short
Nado kPEPE-PERP	+0.0710%	1h	0.000005025	−0.118%	$165K	$943K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUALshort	+0.0747%	1h	0.000005021	−0.199%	$72K	$127K	25x
BingX 1000PEPE-USDT	+0.0748%	8h	0.000005027	−0.089%	—	$239.2M	—	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000005027	−0.072%	$530K	$277K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000005026	−0.099%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0792%	8h	0.000005037	+0.111%	$141.2M	$1.41B	75x	as long as short
MEXC PEPE_USDT	+0.0793%	8h	0.000005028	−0.066%	$95.9M	$302.2M	300x	as long as short
Aster 1000PEPEUSDT	+0.0839%	8h	0.000005032	+0.024%	$1.8M	$11.2M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0851%	1h	0.000005020	−0.212%	$4.6M	$16.7M	50x	as long as short
Hyperliquid kPEPE	+0.0981%	1h	0.000005028	−0.060%	$53.0M	$152.3M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1128% / S −0.2171%	1h	0.000005000	−0.616%	$63K	—	100x	as long as short
Injective PEPE/USDC PERP	+0.1379%	1h	0.000004992	−0.775%	$3K	$111K	12x	as long as short