PEPE

Alert

Funding spread now, next payment 16:00 UTC−0.0317%/8h

next payment, per $10,000−$0.40paid, last 24h+0.007%paid, last 4 days−0.036%to open and closeno order book

Long on Coinbase International Short on Injective

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.036% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 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	0.000004944	0.0440	pay 0.0055% / 1h	2m 07s	$638K	$21.9M	50x
Short	Injective PEPE/USDC PERP	0.000004929	0.0123	get 0.0015% / 1h	2m 07s	$40K	$59K	12x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee InjectivebpOrdersRate

Funding earned: −$66.49
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$76.51
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.303%
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, 3 min ago	2.02 bp	7.5 bp −$8	17.7 bp −$177	174.2 bp −$17.4K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Pacifica kPEPE	+0.0100%	1h	$62K	$82K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.9M	$223.3M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.8M	$436.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$141.8M	$51.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.2M	$37.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$46.5M	$114.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$829K	$2.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$351K	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	$581K	$3.7M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0111%	8h	$31K	$8K	20x	as long as short
Injective PEPE/USDC PERPshort	+0.0123%	1h	$40K	$59K	12x
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.0M	$18.8M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0296% / S −0.0244%	1h	$48K	—	100x	as long as short
Nado kPEPE-PERP	+0.0343%	1h	$226K	$732K	10x	as long as short
BingX 1000PEPE-USDC	+0.0389%	8h	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0416%	1h	$140K	—	3x	as long as short
MEXC PEPE_USDT	+0.0427%	8h	$115.6M	$265.7M	300x	as long as short
Extended 1000PEPE-USD	+0.0432%	1h	$541K	$253K	25x	as long as short
Binance 1000PEPEUSDT	+0.0432%	8h	$128.5M	$838.0M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTXlong	+0.0440%	1h	$638K	$21.9M	50x
Phemex u1000PEPEUSDT	+0.0496%	8h	$2.5M	$5.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0510%	8h	$6K	$52	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0552%	1h	$91K	$752K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0554%	1h	$1K	$8K	10x	as long as short
Hyperliquid kPEPE	+0.0734%	1h	$56.7M	$52.9M	10x	as long as short
Aster 1000PEPEUSDT	+0.0853%	8h	$1.4M	$5.3M	50x	as long as short
01 Exchange kPEPEUSD	+0.0880%	1h	$567	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0966%	1h	$84K	$96K	25x	as long as short
Lighter 1000PEPE	+0.1080%	1h	$629K	$4.7M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1111%	1h	$95K	$496K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.2381%	1h	$3.5M	$10.0M	50x	as long as short