PEPE

Alert

Funding spread now, next payment 19:00 UTC−0.0640%/8h

paid, last 24h+0.012%paid, last 5 days−0.003%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 -0.003% in total (about -0.2% 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	0.000004966	0.1162	pay 0.0145% / 1h	9m 07s	$84K	$86K	25x
Short	Phemex u1000PEPEUSDT	0.000004961	0.0522	get 0.0522% / 8h	5h 09m	$2.5M	$6.0M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee PhemexbpOrdersRate

Funding earned: −$134.31
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$153.31
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.105%
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 Phemex live order book, 6 min ago	3.99 bp	20.9 bp −$21	38.6 bp −$386	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 −0.0006%	1h	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$62K	$98K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$89.0M	$249.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$43.5M	$472.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$149.9M	$56.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$24.8M	$43.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$46.9M	$130.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$759K	$3.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$327K	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	$570K	$3.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0178% / S −0.0043%	1h	$56K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$20.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0235%	8h	$30K	$9K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0347%	1h	$92K	$757K	25x	as long as short
Nado kPEPE-PERP	+0.0381%	1h	$218K	$777K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0495%	1h	$2K	$8K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0512%	1h	$700K	$24.0M	50x	as long as short
Phemex u1000PEPEUSDTshort	+0.0522%	8h	$2.5M	$6.0M	50x
Paradex kPEPE-USD-PERP	+0.0540%	8h	$6K	$52	20x	as long as short
BingX 1000PEPE-USDT	+0.0687%	8h	—	$249.4M	—	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0724%	8h	$109.5M	$271.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0727%	8h	$129.7M	$922.8M	75x	as long as short
Extended 1000PEPE-USD	+0.0728%	1h	$546K	$145K	25x	as long as short
Lighter 1000PEPE	+0.0824%	1h	$618K	$4.8M	10x	as long as short
Hyperliquid kPEPE	+0.0827%	1h	$55.5M	$58.0M	10x	as long as short
01 Exchange kPEPEUSD	+0.0848%	1h	$568	$2K	10x	as long as short
Aster 1000PEPEUSDT	+0.0875%	8h	$1.5M	$6.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0921%	1h	$5K	$67K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1100%	1h	$3.8M	$11.1M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.1106%	1h	$99K	$551K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.1162%	1h	$84K	$86K	25x