PEPE

Alert

Funding spread now, next payment 16:00 UTC−0.0340%/8h

paid, last 24h−0.011%paid, last 3 days−0.077%to open and closeno order book

Long on Coinbase International Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.077% in total (about -9.3% 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	Coinbase International 1000PEPE-PERP-INTX	0.000004941	0.0440	pay 0.0055% / 1h	14m 30s	$620K	$21.6M	50x
Short	Variational Omni 1000PEPE	0.000004879	0.0100	get 0.0100% / 8h	7h 14m	$820K	$2.7M	—

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Variational OmnibpOrdersRate

Funding earned: −$71.4
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$81.4
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −1.259%
Avg gap 7d: −0.111%

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, 1 min ago	4.05 bp	10.9 bp −$11	16.2 bp −$162	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	6.14 bp	doesn't fit	28.6 bp −$286	doesn't fit	doesn't fit

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	$60K	$76K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.8M	$222.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.5M	$433.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$141.1M	$51.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.0M	$35.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$45.7M	$113.8M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	$820K	$2.7M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$350K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$31K	$8K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$574K	$3.7M	75x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$39K	$59K	12x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$18.6M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0291% / S −0.0237%	1h	$47K	—	100x	as long as short
BingX 1000PEPE-USDC	+0.0334%	8h	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0344%	1h	$139K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0359%	1h	$84K	$96K	25x	as long as short
MEXC PEPE_USDT	+0.0380%	8h	$113.7M	$263.4M	300x	as long as short
Extended 1000PEPE-USD	+0.0384%	1h	$538K	$252K	25x	as long as short
Binance 1000PEPEUSDT	+0.0391%	8h	$128.7M	$831.6M	75x	as long as short
Nado kPEPE-PERP	+0.0406%	1h	$226K	$732K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTXlong	+0.0440%	1h	$620K	$21.6M	50x
ApeX Omni 1000PEPEUSDT	+0.0487%	1h	$90K	$751K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0535%	8h	$6K	$52	20x	as long as short
SoDEX 1000PEPE-USD	+0.0702%	1h	$1K	$8K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0720%	8h	$2.5M	$5.9M	50x	as long as short
Hyperliquid kPEPE	+0.0776%	1h	$56.7M	$52.9M	10x	as long as short
Aster 1000PEPEUSDT	+0.0843%	8h	$1.3M	$5.2M	50x	as long as short
01 Exchange kPEPEUSD	+0.0912%	1h	$566	$2K	10x	as long as short
Lighter 1000PEPE	+0.1120%	1h	$628K	$4.7M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1154%	1h	$98K	$490K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.2384%	1h	$3.5M	$10.1M	50x	as long as short