PEPE

Alert

Funding spread now, next payment 00:00 UTC+0.0418%/8h

next payment, per $10,000+$4.18paid, last 24h+0.060%paid, last 3 days+0.073%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 0.073% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.18 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	Bybit 1000PEPEUSDT	0.000004992	0.0100	pay 0.0100% / 8h	5h 00m	$88.9M	$251.1M	50x
Short	Paradex kPEPE-USD-PERP	0.000004992	0.0518	get 0.0518% / 8h	5h 00m	$6K	$52	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee ParadexbpOrdersRate

Funding earned: $87.8
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: $72.8
Break-even: 1.2 days

Slippage unknown: Bybit: live order book, 5 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.004%
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, 5 min ago	1.01 bp	9.6 bp −$10	14.5 bp −$145	42.9 bp −$4,289	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 +0.0006% / S −0.0006%	1h	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$63K	$98K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	$88.9M	$251.1M	50x
OKX PEPE-USDT-SWAP	+0.0100%	8h	$43.6M	$477.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$151.1M	$57.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$24.7M	$43.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.8M	$131.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$768K	$3.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$329K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$571K	$3.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0176% / S −0.0042%	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	$20.4M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0241%	8h	$31K	$9K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0388%	1h	$93K	$756K	25x	as long as short
Nado kPEPE-PERP	+0.0392%	1h	$214K	$783K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0433%	1h	$2K	$9K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0479%	8h	$2.5M	$6.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0512%	1h	$695K	$24.3M	50x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0518%	8h	$6K	$52	20x
BingX 1000PEPE-USDC	+0.0690%	8h	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0736%	1h	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0738%	8h	$109.2M	$272.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0743%	8h	$130.0M	$929.2M	75x	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	$550K	$145K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0752%	1h	$85K	$86K	25x	as long as short
Lighter 1000PEPE	+0.0816%	1h	$609K	$4.9M	10x	as long as short
Hyperliquid kPEPE	+0.0818%	1h	$55.8M	$58.5M	10x	as long as short
01 Exchange kPEPEUSD	+0.0824%	1h	$572	$2K	10x	as long as short
Aster 1000PEPEUSDT	+0.0902%	8h	$1.5M	$6.2M	50x	as long as short
Injective PEPE/USDC PERP	+0.0921%	1h	$5K	$67K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1094%	1h	$3.7M	$11.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.1157%	1h	$100K	$552K	15x	as long as short