PEPE

Alert

Funding spread now, next payment 19:00 UTC−0.0272%/8h

paid, last 24h+0.015%paid, last 5 days+0.094%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.094% in total (about 7.3% 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	Deribit 1000PEPE_USDC-PERPETUAL	0.000005014	0.0948	pay 0.0119% / 1h	15m 27s	$85K	$86K	25x
Short	BingX 1000PEPE-USDC	0.000005015	0.0676	get 0.0676% / 8h	5h 15m	—	$2.3M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BingXbpOrdersRate

Funding earned: −$57.14
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.14
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.014%
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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	1.49 bp	15.6 bp −$16	21.8 bp −$218	87.5 bp −$8,750	245.0 bp −$122.5K

Deribit: 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 −0.0009%	1h	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$63K	$97K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$89.4M	$247.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$43.1M	$472.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$151.2M	$56.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$25.5M	$42.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.4M	$129.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$769K	$3.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$328K	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	$579K	$3.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0179% / S −0.0044%	1h	$57K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.0M	$20.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0227%	8h	$31K	$9K	20x	as long as short
Nado kPEPE-PERP	+0.0343%	1h	$205K	$763K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0445%	8h	$2.5M	$6.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0512%	1h	$678K	$24.0M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0535%	1h	$93K	$756K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0544%	8h	$6K	$52	20x	as long as short
SoDEX 1000PEPE-USD	+0.0545%	1h	$2K	$8K	10x	as long as short
BingX 1000PEPE-USDCshort	+0.0676%	8h	—	$2.3M	—
MEXC PEPE_USDT	+0.0716%	8h	$111.2M	$270.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0719%	8h	$133.4M	$913.9M	75x	as long as short
Extended 1000PEPE-USD	+0.0720%	1h	$553K	$145K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	$142K	—	3x	as long as short
Hyperliquid kPEPE	+0.0824%	1h	$56.1M	$58.0M	10x	as long as short
01 Exchange kPEPEUSD	+0.0840%	1h	$575	$2K	10x	as long as short
Lighter 1000PEPE	+0.0872%	1h	$643K	$4.8M	10x	as long as short
Aster 1000PEPEUSDT	+0.0881%	8h	$1.5M	$6.0M	50x	as long as short
Injective PEPE/USDC PERP	+0.0921%	1h	$5K	$67K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.0948%	1h	$85K	$86K	25x
Backpack kPEPE_USDC_PERP	+0.1058%	1h	$100K	$546K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1089%	1h	$3.8M	$10.8M	50x	as long as short