PEPE

Alert

Funding spread now, next payment 17:00 UTC+0.0256%/8h

paid, last 24h−0.013%paid, last 5 days+0.003%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.003% in total (about 0.3% a year). A funding rate is set anew for every payment. 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	Bybit 1000PEPEUSDT	0.000004967	0.0100	pay 0.0100% / 8h	7h 48m	$88.6M	$213.9M	50x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000004956	0.0356	get 0.0044% / 1h	48m 29s	$81K	$95K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee DeribitbpOrdersRate

Funding earned: $53.69
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $35.69
Break-even: 2.3 days

Slippage unknown: Bybit: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.225%
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 Bybit live order book, 2 min ago	1.00 bp	9.2 bp −$9	19.7 bp −$197	53.8 bp −$5,379	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	—	$204.7M	—	as long as short
Pacifica kPEPE	+0.0100%	1h	$60K	$73K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	$88.6M	$213.9M	50x
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.7M	$422.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$138.9M	$48.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.4M	$34.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$40.2M	$102.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$932K	$2.6M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$29K	$343K	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	$644K	$3.4M	75x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$40K	$58K	12x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0152%	1h	$95K	$751K	25x	as long as short
Extended 1000PEPE-USD	+0.0176%	1h	$531K	$237K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0176%	1h	$140K	—	3x	as long as short
MEXC PEPE_USDT	+0.0177%	8h	$110.2M	$252.5M	300x	as long as short
Binance 1000PEPEUSDT	+0.0183%	8h	$130.7M	$788.8M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0186% / S −0.0049%	1h	$57K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$18.2M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUALshort	+0.0356%	1h	$81K	$95K	25x
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$628K	$19.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0458%	8h	$6K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0597%	1h	$236K	$710K	10x	as long as short
Aster 1000PEPEUSDT	+0.0733%	8h	$1.3M	$4.8M	50x	as long as short
Hyperliquid kPEPE	+0.0885%	1h	$57.7M	$52.1M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0909%	1h	$105K	$455K	15x	as long as short
SoDEX 1000PEPE-USD	+0.0951%	1h	$1K	$8K	10x	as long as short
Lighter 1000PEPE	+0.1040%	1h	$618K	$4.5M	10x	as long as short
01 Exchange kPEPEUSD	+0.1080%	1h	$569	$1K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.2376%	1h	$3.4M	$10.2M	50x	as long as short
Phemex u1000PEPEUSDT	+0.3796%	8h	$2.5M	$5.9M	50x	as long as short