PEPE

Alert

Funding spread now, next payment 16:00 UTC−0.1516%/8h

next payment, per $10,000−$1.89paid, last 24h−0.031%paid, last 3 days−0.214%to open and closeno order book

Long on Backpack Short on gTrade (Gains Network)

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.214% in total (about -27.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.89 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	0.000004855	0.1520	pay 0.0190% / 1h	45m 24s	$126K	$307K	15x
Short	gTrade (Gains Network) PEPE/USD	0.000004850	L +0.0005% / S −0.0004%	get 0.0001% / 1h	45m 24s	$20K	—	150x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$318.28
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$338.28
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.107%
Avg gap 7d: —

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, 4 min ago	1.35 bp	24.5 bp −$25	44.4 bp −$444	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni 1000PEPEUSDT	−0.0803%	1h	$115K	$733K	25x	as long as short
dYdX PEPE-USD	0.0000%	1h	$18K	$95	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	$52K	$67K	25x	as long as short
gTrade (Gains Network) PEPE/USDshort	L +0.0005% / S −0.0004%	1h	$20K	—	150x
Aevo 1000PEPE-PERP	+0.0096%	1h	$137K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$56K	$47K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$121.4M	$621.6M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$83.0M	$164.7M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$37.3M	$322.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$120.5M	$36.9M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PEPE_USDT	+0.0100%	8h	$103.7M	$228.9M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.0M	$28.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$40.4M	$81.5M	75x	as long as short
BingX 1000PEPE-USDT	+0.0100%	8h	—	$176.2M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$836K	$2.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$330K	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$5K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$1.9M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$559K	$2.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	$2.4M	$5.4M	50x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$509K	$221K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0179%	8h	$5K	$52	20x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.5M	$15.3M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$610K	$12.9M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0283% / S −0.0335%	1h	$38K	—	100x	as long as short
Nado kPEPE-PERP	+0.0428%	1h	$211K	$533K	10x	as long as short
Aster 1000PEPEUSDT	+0.0469%	8h	$1.3M	$3.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0474%	1h	$41K	$69K	12x	as long as short
SoDEX 1000PEPE-USD	+0.0757%	1h	$1K	$8K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0908%	1h	$3.2M	$9.1M	50x	as long as short
01 Exchange kPEPEUSD	+0.1072%	1h	$550	$1K	10x	as long as short
Lighter 1000PEPE	+0.1080%	1h	$647K	$4.1M	10x	as long as short
Hyperliquid kPEPE	+0.1093%	1h	$56.8M	$43.6M	10x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.1520%	1h	$126K	$307K	15x