PEPE

Alert

Funding spread now, next payment 17:00 UTC−0.0528%/8h

next payment, per $10,000−$0.66paid, last 24h−0.007%paid, last 5 days+0.141%to open and closeno order book

Long on Coinbase International Short on dYdX

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.141% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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	Coinbase International 1000PEPE-PERP-INTX	0.000004905	0.0528	pay 0.0066% / 1h	54m 55s	$650K	$21.8M	50x
Short	dYdX PEPE-USD	0.000004910	0	get 0.0000% / 1h	54m 55s	$18K	$95	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee dYdXbpOrdersRate

Funding earned: −$110.88
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$130.88
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 6 min ago; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.103%
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 Coinbase International live order book, 6 min ago	3.04 bp	13.5 bp −$13	16.7 bp −$167	56.7 bp −$5,671	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Injective PEPE/USDC PERP	−0.0669%	1h	$40K	$47K	12x	as long as short
dYdX PEPE-USDshort	0.0000%	1h	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	$222K	$736K	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	$61K	$80K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.3M	$223.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.7M	$435.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$141.7M	$51.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.3M	$37.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$46.1M	$114.8M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni 1000PEPE	+0.0100%	8h	$855K	$2.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$335K	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	$581K	$3.6M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0119%	8h	$30K	$8K	20x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0191% / S −0.0045%	1h	$57K	—	100x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$18.8M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0298%	1h	$1K	$8K	10x	as long as short
BingX 1000PEPE-USDT	+0.0422%	8h	—	$235.0M	—	as long as short
Aevo 1000PEPE-PERP	+0.0440%	1h	$139K	—	3x	as long as short
MEXC PEPE_USDT	+0.0444%	8h	$115.8M	$250.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0448%	8h	$127.6M	$839.7M	75x	as long as short
Extended 1000PEPE-USD	+0.0448%	1h	$536K	$253K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0495%	8h	$5K	$52	20x	as long as short
Phemex u1000PEPEUSDT	+0.0503%	8h	$2.5M	$6.0M	50x	as long as short
Hyperliquid kPEPE	+0.0518%	1h	$56.4M	$52.7M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTXlong	+0.0528%	1h	$650K	$21.8M	50x
01 Exchange kPEPEUSD	+0.0592%	1h	$563	$2K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0595%	1h	$91K	$752K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0731%	1h	$90K	$499K	15x	as long as short
Aster 1000PEPEUSDT	+0.0839%	8h	$1.4M	$5.4M	50x	as long as short
Lighter 1000PEPE	+0.0880%	1h	$627K	$4.5M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1177%	1h	$83K	$96K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.1811%	1h	$3.5M	$9.9M	50x	as long as short