PEPE

Alert

Funding spread now, next payment 17:00 UTC−0.0897%/8h

next payment, per $10,000−$1.12paid, last 24h−0.025%paid, last 4 days−0.150%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.150% in total (about -15.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.12 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	0.000004887	0.1020	pay 0.0128% / 1h	22m 19s	$97K	$488K	15x
Short	Injective PEPE/USDC PERP	0.000004875	0.0123	get 0.0015% / 1h	22m 19s	$39K	$59K	12x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee InjectivebpOrdersRate

Funding earned: −$188.32
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$198.34
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 23 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.244%
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, 23 min ago	1.42 bp	7.4 bp −$7	26.5 bp −$265	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
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	$87.6M	$219.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.1M	$423.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$138.7M	$50.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.8M	$36.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$40.0M	$106.0M	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	$595K	$3.6M	75x	as long as short
Injective PEPE/USDC PERPshort	+0.0123%	1h	$39K	$59K	12x
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	$102.9M	$259.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0342%	8h	$127.5M	$820.4M	75x	as long as short
Extended 1000PEPE-USD	+0.0344%	1h	$531K	$252K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$694K	$20.4M	50x	as long as short
Nado kPEPE-PERP	+0.0463%	1h	$220K	$730K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0530%	1h	$91K	$751K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0543%	8h	$5K	$52	20x	as long as short
SoDEX 1000PEPE-USD	+0.0693%	1h	$1K	$8K	10x	as long as short
Hyperliquid kPEPE	+0.0782%	1h	$56.1M	$52.3M	10x	as long as short
Aster 1000PEPEUSDT	+0.0804%	8h	$1.3M	$5.1M	50x	as long as short
01 Exchange kPEPEUSD	+0.0912%	1h	$558	$2K	10x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.1020%	1h	$97K	$488K	15x
Lighter 1000PEPE	+0.1112%	1h	$625K	$4.6M	10x	as long as short
Phemex u1000PEPEUSDT	+0.1169%	8h	$2.4M	$5.9M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1189%	1h	$83K	$96K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.2412%	1h	$3.4M	$10.1M	50x	as long as short