PEPE

Alert

Funding spread now, next payment 17:00 UTC+0.1069%/8h

next payment, per $10,000+$1.34paid, last 24h+0.039%paid, last 5 days−0.028%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 -0.028% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.34 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	dYdX PEPE-USD	0.000004860	0	get 0.0000% / 1h	18m 26s	$18K	$95	10x
Short	Backpack kPEPE_USDC_PERP	0.000004848	0.1069	get 0.0134% / 1h	18m 26s	$98K	$488K	15x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee BackpackbpOrdersRate

Funding earned: $224.43
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $204.43
Break-even: 0.6 days

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 27 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.252%
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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 27 min ago	1.42 bp	6.7 bp −$7	24.3 bp −$243	doesn't fit	doesn't fit

dYdX: 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-USDlong	0.0000%	1h	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
BingX 1000PEPE-USDT	+0.0080%	8h	—	$225.2M	—	as long as short
Pacifica kPEPE	+0.0100%	1h	$59K	$76K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.3M	$221.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.2M	$423.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$138.9M	$50.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.9M	$36.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$39.2M	$107.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$844K	$2.7M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$349K	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$8K	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	$571K	$3.7M	75x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$39K	$59K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0163%	1h	$82K	$96K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.0M	$18.2M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0290% / S −0.0237%	1h	$47K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0344%	1h	$137K	—	3x	as long as short
MEXC PEPE_USDT	+0.0351%	8h	$100.9M	$260.4M	300x	as long as short
Extended 1000PEPE-USD	+0.0352%	1h	$528K	$250K	25x	as long as short
Binance 1000PEPEUSDT	+0.0359%	8h	$127.2M	$823.9M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$647K	$20.7M	50x	as long as short
Nado kPEPE-PERP	+0.0471%	1h	$219K	$731K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0542%	8h	$5K	$52	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0555%	1h	$90K	$752K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0681%	1h	$1K	$8K	10x	as long as short
Hyperliquid kPEPE	+0.0768%	1h	$55.8M	$52.6M	10x	as long as short
Aster 1000PEPEUSDT	+0.0802%	8h	$1.3M	$5.1M	50x	as long as short
01 Exchange kPEPEUSD	+0.0896%	1h	$558	$2K	10x	as long as short
Lighter 1000PEPE	+0.1064%	1h	$623K	$4.6M	10x	as long as short
Backpack kPEPE_USDC_PERPshort	+0.1069%	1h	$98K	$488K	15x
Phemex u1000PEPEUSDT	+0.1487%	8h	$2.4M	$5.9M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.2427%	1h	$3.4M	$10.1M	50x	as long as short