PEPE

Alert

Funding spread now, next payment 14:00 UTC+0.0764%/8h

next payment, per $10,000+$0.95paid, last 24h+0.034%paid, last 5 days+0.320%to open and close $10k−$39

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.320% in total (about 23.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.95 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	0.000004293	0.0132	pay 0.0016% / 1h	59m 13s	$120K	$198K	15x
Short	Hyperliquid kPEPE	0.000004310	0.0896	get 0.0112% / 1h	59m 13s	$48.4M	$35.1M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee HyperliquidbpOrdersRate

Funding earned: $160.44
Slippage, 4 orders: −$19.7
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $121.74
Break-even: 1.7 days

Slippage from Backpack: live order book, 60 min ago; Hyperliquid: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.394%
Avg gap 7d: +0.134%

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, 60 min ago	0.12 bp	12.9 bp −$13	33.5 bp −$335	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	2.33 bp	9.0 bp −$9	13.8 bp −$138	33.8 bp −$3,378	doesn't fit

PEPE on 34 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado kPEPE-PERP	−0.0107%	1h	$192K	$396K	10x	as long as short
Injective PEPE/USDC PERP	−0.0104%	1h	$16K	$39K	12x	as long as short
Phemex u1000PEPEUSDT	−0.0068%	8h	$2.1M	$5.2M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	$17K	$908	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	$36K	$63K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0002%	1h	$5K	—	150x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0058%	8h	$26K	$3K	20x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$122K	—	3x	as long as short
Paradex kPEPE-USD-PERP	+0.0096%	8h	$5K	$52	20x	as long as short
Pacifica kPEPE	+0.0100%	1h	$51K	$37K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance 1000PEPEUSDT	+0.0100%	8h	$96.8M	$443.8M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$72.9M	$109.0M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$30.7M	$206.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$111.0M	$24.3M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$91.8M	$197.4M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$19.1M	$25.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$38.8M	$65.9M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	—	$2.3M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$517K	$1.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$25K	$339K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$102K	$708K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$1.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	$2K	$7K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$452K	$2.2M	75x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$455K	$209K	25x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.0132%	1h	$120K	$198K	15x
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0200%	1h	$573K	$6.5M	50x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$2.9M	$10.7M	75x	as long as short
Lighter 1000PEPE	+0.0256%	1h	$773K	$2.5M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0363% / S −0.0445%	1h	$47K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0392%	8h	$1.3M	$2.9M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0540%	1h	$2.8M	$8.3M	50x	as long as short
Hyperliquid kPEPEshort	+0.0896%	1h	$48.4M	$35.1M	10x