PEPE

Alert

Funding spread now, next payment 16:00 UTC−0.0757%/8h

next payment, per $10,000−$0.95paid, last 24h−0.003%paid, last 3 days−0.133%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.133% in total (about -17.4% 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	0.000004785	0.1502	pay 0.0188% / 1h	42m 23s	$121K	$310K	15x
Short	SoDEX 1000PEPE-USD	0.000004775	0.0745	get 0.0093% / 1h	42m 23s	$1K	$8K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee SoDEXbpOrdersRate

Funding earned: −$158.88
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$176.88
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 8 min ago; SoDEX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.211%
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, 8 min ago	1.35 bp	24.5 bp −$25	44.4 bp −$444	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0178%	1h	$115K	$732K	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	$63K	$79K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0004%	1h	$19K	—	150x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$136K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$56K	$47K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$121.4M	$626.8M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$83.1M	$166.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$37.1M	$324.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$121.1M	$37.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PEPE_USDT	+0.0100%	8h	$103.5M	$229.7M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.3M	$29.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$39.7M	$82.3M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	—	$2.3M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$836K	$2.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$331K	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	$553K	$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
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0210%	8h	$5K	$52	20x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.6M	$15.0M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$603K	$12.9M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0272% / S −0.0213%	1h	$40K	—	100x	as long as short
Nado kPEPE-PERP	+0.0442%	1h	$212K	$538K	10x	as long as short
Aster 1000PEPEUSDT	+0.0467%	8h	$1.3M	$3.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0474%	1h	$41K	$69K	12x	as long as short
SoDEX 1000PEPE-USDshort	+0.0745%	1h	$1K	$8K	10x
Kraken Futures PF_PEPEUSD	+0.0920%	1h	$3.2M	$9.2M	50x	as long as short
Lighter 1000PEPE	+0.0928%	1h	$640K	$4.1M	10x	as long as short
01 Exchange kPEPEUSD	+0.1120%	1h	$552	$1K	10x	as long as short
Hyperliquid kPEPE	+0.1132%	1h	$56.7M	$43.9M	10x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.1502%	1h	$121K	$310K	15x