PEPE

Alert

Funding spread now, next payment 18:00 UTC−0.0184%/8h

next payment, per $10,000−$0.23paid, last 24h+0.010%paid, last 7 days−0.033%to open and close $10k−$2,351

Long on Aevo Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000005048	0.0696	pay 0.0087% / 1h	23m 46s	$143K	—	3x
Short	Coinbase International 1000PEPE-PERP-INTX	0.000005042	0.0512	get 0.0064% / 1h	23m 46s	$670K	$24.1M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee Coinbase InternationalbpOrdersRate

Funding earned: −$38.64
Slippage, 4 orders: −$2,325.21
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$2,389.85
Break-even: never at this rate

Slippage from Aevo: live order book, 11 min ago; Coinbase International: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.119%
Avg gap 7d: +0.015%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aevo live order book, 11 min ago	274.42 bp	1098.3 bp −$1,098	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.98 bp	12.9 bp −$13	18.0 bp −$180	doesn't fit	doesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0009%	1h	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$64K	$94K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$89.5M	$246.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$43.1M	$474.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$151.1M	$56.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$25.5M	$42.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.5M	$129.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$731K	$3.1M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$325K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$582K	$3.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0181% / S −0.0046%	1h	$57K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0215%	8h	$31K	$9K	20x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.0M	$20.3M	75x	as long as short
Nado kPEPE-PERP	+0.0301%	1h	$206K	$764K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0329%	1h	$93K	$755K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0402%	8h	$2.5M	$6.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0494%	8h	$6K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTXshort	+0.0512%	1h	$670K	$24.1M	50x
SoDEX 1000PEPE-USD	+0.0527%	1h	$2K	$8K	10x	as long as short
BingX 1000PEPE-USDC	+0.0644%	8h	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0696%	1h	$556K	$124K	25x	as long as short
MEXC PEPE_USDT	+0.0696%	8h	$111.9M	$269.8M	300x	as long as short
Aevo 1000PEPE-PERPlong	+0.0696%	1h	$143K	—	3x
Binance 1000PEPEUSDT	+0.0697%	8h	$133.2M	$910.0M	75x	as long as short
Hyperliquid kPEPE	+0.0762%	1h	$56.4M	$57.7M	10x	as long as short
01 Exchange kPEPEUSD	+0.0784%	1h	$578	$2K	10x	as long as short
Lighter 1000PEPE	+0.0848%	1h	$648K	$4.8M	10x	as long as short
Aster 1000PEPEUSDT	+0.0869%	8h	$1.4M	$6.0M	50x	as long as short
Injective PEPE/USDC PERP	+0.0921%	1h	$5K	$67K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0929%	1h	$100K	$540K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1083%	1h	$3.8M	$10.8M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1140%	1h	$85K	$86K	25x	as long as short