PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0173%/8h= +18.9% APRnext payment +$1.73 per $10,000 · paid last 24h +0.014%

Price spread now: Orderly against Bitget−0.245%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.245% cheaper against Bitget than usual: you would sell low and buy high (spread −0.245% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 4.7 days of funding at the current rate (+$5 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEPEUSDT	0.000005012	0.0100	pay 0.0100% / 8h	6h 48m	$44.4M	$158.3M	75x
Short	Orderly PERP_1000PEPE_USDC	0.000005000	0.0273	get 0.0273% / 8h	6h 48m	$32K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee OrderlybpOrdersPrice spread, now −0.245%Rate

Funding earned: $36.29
Price spread: −0.245% → 0.000%: −$24.54
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.24
Costs to cover: 0.180%
Break-even: 8.2 days

Slippage unknown: Bitget: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.

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 Bitget live order book, 6 min ago	3.02 bp	12.3 bp −$12	17.7 bp −$177	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000005023	+0.201%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004994	−0.369%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	+0.289%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005018	+0.108%	$96.7M	$319.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005019	+0.130%	$159.8M	$69.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005026	+0.267%	$25.2M	$59.1M	75x	as long as short
Bitget PEPEUSDTlong	+0.0100%	8h	0.000005012	long leg	$44.4M	$158.3M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004998	−0.295%	$557K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004981	−0.629%	$46K	$387K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004999	−0.269%	$106K	$751K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005009	−0.074%	$1K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005013	+0.002%	$555K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005009	−0.070%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005013	+0.015%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0203%	8h	0.000005021	+0.170%	$44.6M	$555.5M	50x	as long as short
Orderly PERP_1000PEPE_USDCshort	+0.0273%	8h	0.000005000	−0.245%	$32K	$22K	20x
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	−0.090%	$4.2M	$24.6M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0350%	1h	0.000005000	−0.249%	$61K	$114K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0395%	8h	0.000005026	+0.272%	$6K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005011	−0.030%	$636K	$28.6M	50x	as long as short
BingX 1000PEPE-USDC	+0.0447%	8h	0.000005021	+0.176%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0479%	8h	0.000005029	+0.323%	$95.6M	$287.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005022	+0.198%	$552K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005000	−0.249%	$141K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0481%	8h	0.000005023	+0.213%	$139.2M	$1.16B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0504% / S −0.0410%	1h	0.000004000	−20.200%	$62K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0529%	1h	0.000005004	−0.170%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0555%	8h	0.000005028	+0.311%	$1.7M	$8.0M	50x	as long as short
Nado kPEPE-PERP	+0.0610%	1h	0.000005015	+0.055%	$177K	$883K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0828%	1h	0.000005016	+0.066%	$102K	$623K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0832%	1h	0.000005006	−0.128%	$3.9M	$14.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005024	+0.229%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0936%	1h	0.000005034	+0.429%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1192%	1h	0.000005028	+0.309%	$649K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2584%	1h	0.000005027	+0.289%	$55.6M	$134.8M	10x	as long as short