PEPE

Alert

Funding spread now, next payment 16:00 UTC−0.0473%/8h

next payment, per $10,000−$0.59paid, last 24h+0.012%paid, last 3 days+0.038%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 0.038% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 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	0.000004827	0.1449	pay 0.0181% / 1h	48m 02s	$125K	$307K	15x
Short	01 Exchange kPEPEUSD	0.000004833	0.0976	get 0.0122% / 1h	48m 02s	$554	$1K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee 01 ExchangebpOrdersRate

Funding earned: −$99.39
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$116.39
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 2 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.126%
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, 2 min ago	1.35 bp	24.5 bp −$25	44.4 bp −$444	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.1814%	1h	$116K	$733K	25x	as long as short
dYdX PEPE-USD	0.0000%	1h	$18K	—	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	$52K	$67K	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
Orderly PERP_1000PEPE_USDC	+0.0098%	8h	$30K	$5K	20x	as long as short
Pacifica kPEPE	+0.0100%	1h	$56K	$47K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$121.9M	$615.0M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$82.9M	$162.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$37.1M	$321.0M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PEPE_USDT	+0.0100%	8h	$121.3M	$36.4M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$105.8M	$227.8M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.2M	$28.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$40.8M	$80.7M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	—	$2.3M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$726K	$1.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$329K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$1.8M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$554K	$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	$512K	$221K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0156%	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	$15.1M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$615K	$12.7M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0272% / S −0.0213%	1h	$41K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0459%	8h	$1.3M	$3.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0474%	1h	$41K	$69K	12x	as long as short
Nado kPEPE-PERP	+0.0493%	1h	$211K	$529K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0633%	1h	$1K	$8K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0913%	1h	$3.2M	$9.0M	50x	as long as short
Lighter 1000PEPE	+0.0968%	1h	$736K	$3.9M	10x	as long as short
01 Exchange kPEPEUSDshort	+0.0976%	1h	$554	$1K	10x
Hyperliquid kPEPE	+0.0997%	1h	$56.9M	$43.3M	10x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.1449%	1h	$125K	$307K	15x