PEPE

Alert

Funding spread now, next payment 19:00 UTC−0.0354%/8h

next payment, per $10,000−$0.44paid, last 24h+0.036%paid, last 3 days−0.002%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.002% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 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	Deribit 1000PEPE_USDC-PERPETUAL	0.000004897	0.0567	pay 0.0071% / 1h	50m 31s	$83K	$86K	25x
Short	SoDEX 1000PEPE-USD	0.000004893	0.0214	get 0.0027% / 1h	50m 31s	$1K	$8K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee SoDEXbpOrdersRate

Funding earned: −$74.27
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$89.27
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; SoDEX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.082%
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 SoDEX no order-book sample	—	—	—	—	—

Deribit and SoDEX: 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 +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$62K	$88K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.1M	$241.9M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$41.9M	$452.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$144.2M	$54.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$22.5M	$39.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$46.7M	$124.1M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	$97K	$527K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$728K	$3.0M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$325K	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	$572K	$3.6M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0188%	8h	$30K	$9K	20x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
SoDEX 1000PEPE-USDshort	+0.0214%	1h	$1K	$8K	10x
BloFin PEPE-USDT	+0.0220%	8h	$4.0M	$19.5M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0279% / S −0.0211%	1h	$48K	—	100x	as long as short
Nado kPEPE-PERP	+0.0342%	1h	$197K	$751K	10x	as long as short
Hyperliquid kPEPE	+0.0415%	1h	$54.6M	$56.6M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0447%	8h	$2.4M	$5.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0453%	8h	$5K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0512%	1h	$654K	$23.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.0567%	1h	$83K	$86K	25x
BingX 1000PEPE-USDT	+0.0579%	8h	—	$237.4M	—	as long as short
MEXC PEPE_USDT	+0.0613%	8h	$122.0M	$263.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0616%	1h	$538K	$126K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0616%	1h	$138K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0618%	8h	$127.3M	$884.9M	75x	as long as short
Lighter 1000PEPE	+0.0680%	1h	$592K	$4.6M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0705%	1h	$91K	$752K	25x	as long as short
01 Exchange kPEPEUSD	+0.0744%	1h	$562	$2K	10x	as long as short
Aster 1000PEPEUSDT	+0.0829%	8h	$1.3M	$5.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0921%	1h	$5K	$67K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1117%	1h	$3.5M	$10.2M	50x	as long as short