PEPE

Alert

Funding spread now, next payment 17:00 UTC+0.0192%/8h

next payment, per $10,000+$0.24paid, last 24h+0.043%paid, last 7 days+0.122%to open and close $10k−$32

Long on Coinbase International Short on Lighter

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 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	0.000004902	0.0528	pay 0.0066% / 1h	4m 45s	$639K	$23.0M	50x
Short	Lighter 1000PEPE	0.000004903	0.0720	get 0.0090% / 1h	4m 45s	$594K	$4.6M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee LighterbpOrdersRate

Funding earned: $40.32
Slippage, 4 orders: −$22.34
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $7.98
Break-even: 5.6 days

Slippage from Coinbase International: live order book, 6 min ago; Lighter: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.020%
Avg gap 7d: +0.044%

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	5.07 bp	10.1 bp −$10	13.9 bp −$139	55.3 bp −$5,530	doesn't fit
Sell Lighter live order book, 4 min ago	2.05 bp	3.6 bp −$4	13.6 bp −$136	50.9 bp −$5,088	doesn't fit

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	$5K	$67K	12x	as long as short
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	$86K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.3M	$238.1M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.0M	$447.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$142.6M	$54.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$22.2M	$38.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.0M	$122.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$754K	$2.9M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$324K	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	$578K	$3.5M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0175%	8h	$30K	$8K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0179% / S −0.0010%	1h	$60K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0188%	1h	$90K	$751K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.3M	75x	as long as short
Nado kPEPE-PERP	+0.0223%	1h	$200K	$751K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0324%	1h	$1K	$8K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0475%	8h	$5K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTXlong	+0.0528%	1h	$639K	$23.0M	50x
BingX 1000PEPE-USDT	+0.0550%	8h	—	$235.9M	—	as long as short
Phemex u1000PEPEUSDT	+0.0561%	8h	$2.4M	$5.9M	50x	as long as short
Extended 1000PEPE-USD	+0.0584%	1h	$539K	$124K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0584%	1h	$139K	—	3x	as long as short
MEXC PEPE_USDT	+0.0586%	8h	$120.1M	$271.9M	300x	as long as short
Hyperliquid kPEPE	+0.0588%	1h	$55.5M	$55.0M	10x	as long as short
Binance 1000PEPEUSDT	+0.0591%	8h	$127.1M	$874.1M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0662%	1h	$100K	$524K	15x	as long as short
Lighter 1000PEPEshort	+0.0720%	1h	$594K	$4.6M	10x
01 Exchange kPEPEUSD	+0.0728%	1h	$562	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0770%	1h	$83K	$86K	25x	as long as short
Aster 1000PEPEUSDT	+0.0829%	8h	$1.3M	$5.4M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.1816%	1h	$3.6M	$10.0M	50x	as long as short