PEPE

Alert

Funding spread now, next payment 18:00 UTC+0.0770%/8h

next payment, per $10,000+$0.96paid, last 24h−0.009%paid, last 5 days−0.164%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 -0.164% in total (about -12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.96 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	0.000004897	0	get 0.0000% / 1h	4m 44s	$18K	$95	10x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000004905	0.0770	get 0.0096% / 1h	4m 44s	$83K	$86K	25x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee DeribitbpOrdersRate

Funding earned: $161.79
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $144.79
Break-even: 0.7 days

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

Price risk

price view

Price gap now: +0.155%
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 Deribit no order-book sample	—	—	—	—	—

dYdX and 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
Injective PEPE/USDC PERP	−0.0669%	1h	$5K	$67K	12x	as long as short
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
Pacifica kPEPE	+0.0100%	1h	$62K	$86K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.3M	$238.1M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.0M	$447.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$142.6M	$54.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$22.2M	$38.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.0M	$122.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$754K	$2.9M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$324K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$578K	$3.5M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0175%	8h	$30K	$8K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0179% / S −0.0010%	1h	$60K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0188%	1h	$90K	$751K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.3M	75x	as long as short
Nado kPEPE-PERP	+0.0223%	1h	$200K	$751K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0324%	1h	$1K	$8K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0475%	8h	$5K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0528%	1h	$639K	$23.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0550%	8h	—	$235.9M	—	as long as short
Phemex u1000PEPEUSDT	+0.0561%	8h	$2.4M	$5.9M	50x	as long as short
Extended 1000PEPE-USD	+0.0584%	1h	$539K	$124K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0584%	1h	$139K	—	3x	as long as short
MEXC PEPE_USDT	+0.0586%	8h	$120.1M	$271.9M	300x	as long as short
Hyperliquid kPEPE	+0.0588%	1h	$55.5M	$55.0M	10x	as long as short
Binance 1000PEPEUSDT	+0.0591%	8h	$127.1M	$874.1M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0662%	1h	$100K	$524K	15x	as long as short
Lighter 1000PEPE	+0.0720%	1h	$594K	$4.6M	10x	as long as short
01 Exchange kPEPEUSD	+0.0728%	1h	$562	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUALshort	+0.0770%	1h	$83K	$86K	25x
Aster 1000PEPEUSDT	+0.0829%	8h	$1.3M	$5.4M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.1816%	1h	$3.6M	$10.0M	50x	as long as short