PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0436%/8h= −47.7% APRnext payment −$0.54 per $10,000 · paid last 24h +0.041%

Price spread now: 01 Exchange against Deribit+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.041% dearer against Deribit than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000PEPE_USDC-PERPETUAL	0.000004823	0.0788	pay 0.0098% / 1h	50m 45s	$78K	$98K	25x
Short	01 Exchange kPEPEUSD	0.000004825	0.0352	get 0.0044% / 1h	50m 45s	$1K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee 01 ExchangebpOrdersPrice spread, now +0.041%Rate

Funding earned: −$91.51
Price spread: +0.041% → 0.000%: $4.15
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$101.37
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; 01 Exchange: no order-book sample. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—

Deribit and 01 Exchange: 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: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PEPEUSD	−0.0121%	1h	0.000004823	+0.005%	$3.9M	$14.0M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004823	+0.005%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004822	−0.031%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004823	0.000%	$66.0M	$105.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004827	+0.083%	$57K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004825	+0.041%	$88.8M	$298.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004824	+0.021%	$153.5M	$64.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004822	−0.021%	$24.1M	$55.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004820	−0.058%	$42.6M	$151.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004819	−0.088%	$555K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004812	−0.222%	$26K	$351K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004834	+0.218%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004822	−0.029%	$547K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004826	+0.058%	$2.3M	$6.5M	50x	as long as short
Lighter 1000PEPE	+0.0104%	1h	0.000004830	+0.145%	$588K	$6.6M	10x	as long as short
SoDEX 1000PEPE-USD	+0.0104%	1h	0.000004823	0.000%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0173%	8h	0.000004824	+0.030%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004822	−0.012%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0190%	8h	0.000004824	+0.021%	$43.1M	$509.3M	50x	as long as short
BloFin PEPE-USDT	+0.0311%	8h	0.000004825	+0.041%	$3.9M	$22.9M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0324%	8h	0.000004822	−0.019%	$30K	$13K	20x	as long as short
01 Exchange kPEPEUSDshort	+0.0352%	1h	0.000004825	+0.041%	$1K	$2K	10x
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004824	+0.021%	$554K	$26.0M	50x	as long as short
Nado kPEPE-PERP	+0.0390%	1h	0.000004824	+0.021%	$181K	$848K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0411% / S −0.0534%	1h	0.000004000	−17.064%	$41K	—	100x	as long as short
BingX 1000PEPE-USDT	+0.0517%	8h	0.000004822	−0.021%	—	$257.5M	—	as long as short
MEXC PEPE_USDT	+0.0535%	8h	0.000004828	+0.110%	$92.6M	$280.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0536%	8h	0.000004829	+0.120%	$137.1M	$1.08B	75x	as long as short
Extended 1000PEPE-USD	+0.0536%	1h	0.000004824	+0.028%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0536%	1h	0.000004791	−0.663%	$135K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0541%	8h	0.000004825	+0.036%	$1.5M	$7.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004831	+0.166%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0696%	1h	0.000004825	+0.035%	$93K	$602K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0787%	1h	0.000004817	−0.124%	$100K	$754K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.0788%	1h	0.000004823	long leg	$78K	$98K	25x