PEPE

Alert

Funding spread now, next payment 17:00 UTC−0.0658%/8h

next payment, per $10,000−$0.82paid, last 24h−0.042%paid, last 5 days−0.067%to open and close $10k−$30

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.067% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.82 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	Backpack kPEPE_USDC_PERP	0.000004888	0.0994	pay 0.0124% / 1h	23m 34s	$97K	$488K	15x
Short	Extended 1000PEPE-USD	0.000004899	0.0336	get 0.0042% / 1h	23m 34s	$533K	$252K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee ExtendedbpOrdersRate

Funding earned: −$138.08
Slippage, 4 orders: −$14.52
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$167.6
Break-even: never at this rate

Slippage from Backpack: live order book, 22 min ago; Extended: live order book, 21 min ago.

Price risk

price view

Price gap now: +0.225%
Avg gap 7d: −0.043%

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 Backpack live order book, 22 min ago	1.42 bp	7.4 bp −$7	26.5 bp −$265	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	3.04 bp	7.7 bp −$8	45.1 bp −$451	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 +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
BingX 1000PEPE-USDT	+0.0080%	8h	—	$224.3M	—	as long as short
Pacifica kPEPE	+0.0100%	1h	$59K	$75K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.9M	$219.9M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.4M	$425.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$139.3M	$50.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.1M	$36.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$40.1M	$105.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$863K	$2.7M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$349K	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$8K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$597K	$3.6M	75x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$40K	$59K	12x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.0M	$18.4M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0290% / S −0.0237%	1h	$47K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0328%	1h	$138K	—	3x	as long as short
MEXC PEPE_USDT	+0.0334%	8h	$103.2M	$258.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0335%	8h	$128.1M	$819.2M	75x	as long as short
Extended 1000PEPE-USDshort	+0.0336%	1h	$533K	$252K	25x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0366%	1h	$83K	$96K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$688K	$20.4M	50x	as long as short
Nado kPEPE-PERP	+0.0463%	1h	$222K	$730K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0530%	1h	$91K	$751K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0541%	8h	$5K	$52	20x	as long as short
SoDEX 1000PEPE-USD	+0.0719%	1h	$1K	$8K	10x	as long as short
Hyperliquid kPEPE	+0.0793%	1h	$56.3M	$52.2M	10x	as long as short
Aster 1000PEPEUSDT	+0.0802%	8h	$1.3M	$5.1M	50x	as long as short
01 Exchange kPEPEUSD	+0.0912%	1h	$561	$2K	10x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.0994%	1h	$97K	$488K	15x
Lighter 1000PEPE	+0.1152%	1h	$618K	$4.6M	10x	as long as short
Phemex u1000PEPEUSDT	+0.1216%	8h	$2.4M	$5.9M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.2407%	1h	$3.4M	$10.1M	50x	as long as short