PEPE

Alert

Funding spread now, next payment 19:00 UTC−0.1060%/8h

paid, last 24h+0.015%paid, last 5 days+0.099%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 0.099% in total (about 7.6% 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	0.000004973	0.1160	pay 0.0145% / 1h	12m 34s	$85K	$86K	25x
Short	edgeX 1000PEPEUSDC	0.000005022	0.0100	get 0.0050% / 4h	1h 12m	$28K	$328K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee edgeXbpOrdersRate

Funding earned: −$222.51
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$238.51
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; edgeX: live order book, 22 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.981%
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 edgeX live order book, 22 min ago	1.11 bp	5.7 bp −$6	42.2 bp −$422	doesn't fit	doesn't fit

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	$62K	$97K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.1M	$248.9M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$43.7M	$468.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$149.5M	$56.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$24.5M	$43.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$46.7M	$130.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$769K	$3.2M	—	as long as short
edgeX 1000PEPEUSDCshort	+0.0100%	4h	$28K	$328K	20x

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	$575K	$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	$20.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0230%	8h	$31K	$9K	20x	as long as short
Nado kPEPE-PERP	+0.0372%	1h	$220K	$776K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0458%	8h	$2.5M	$6.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0512%	1h	$670K	$23.9M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0540%	1h	$2K	$8K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0540%	8h	$6K	$52	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0626%	1h	$93K	$756K	25x	as long as short
BingX 1000PEPE-USDT	+0.0677%	8h	—	$247.2M	—	as long as short
Extended 1000PEPE-USD	+0.0720%	1h	$543K	$145K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0723%	8h	$108.5M	$271.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0724%	8h	$131.4M	$918.0M	75x	as long as short
Hyperliquid kPEPE	+0.0819%	1h	$55.6M	$58.1M	10x	as long as short
Lighter 1000PEPE	+0.0848%	1h	$618K	$4.8M	10x	as long as short
01 Exchange kPEPEUSD	+0.0856%	1h	$567	$2K	10x	as long as short
Aster 1000PEPEUSDT	+0.0880%	8h	$1.5M	$6.0M	50x	as long as short
Injective PEPE/USDC PERP	+0.0921%	1h	$5K	$67K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.1093%	1h	$99K	$546K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1096%	1h	$3.8M	$10.9M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.1160%	1h	$85K	$86K	25x