PEPE

Alert

Funding spread now, next payment 15:00 UTC+0.0664%/8h

next payment, per $10,000+$0.83paid, last 24h−0.133%paid, last 5 days−0.050%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 -0.050% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.83 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	0.000004365	0	get 0.0000% / 1h	39m 53s	$16K	$908	10x
Short	Lighter 1000PEPE	0.000004361	0.0664	get 0.0083% / 1h	39m 53s	$776K	$2.5M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee LighterbpOrdersRate

Funding earned: $139.44
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $129.44
Break-even: 0.5 days

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.090%
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 Lighter live order book, 9 min ago	3.46 bp	7.5 bp −$7	16.4 bp −$164	43.4 bp −$4,343	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 34 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit 1000PEPE_USDC-PERPETUAL	−0.0210%	1h	$37K	$63K	25x	as long as short
Injective PEPE/USDC PERP	−0.0104%	1h	$16K	$39K	12x	as long as short
Phemex u1000PEPEUSDT	−0.0028%	8h	$2.1M	$5.2M	50x	as long as short
dYdX PEPE-USDlong	0.0000%	1h	$16K	$908	10x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0002%	1h	$4K	—	150x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0061%	8h	$26K	$3K	20x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$123K	—	3x	as long as short
Paradex kPEPE-USD-PERP	+0.0098%	8h	$5K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	$195K	$388K	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	$52K	$37K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance 1000PEPEUSDT	+0.0100%	8h	$98.3M	$448.9M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$74.1M	$111.2M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$31.3M	$208.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$112.6M	$25.4M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$95.0M	$202.4M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$19.6M	$24.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$40.1M	$61.8M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	—	$2.3M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$534K	$1.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$25K	$330K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$103K	$711K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$1.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	$2K	$7K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$463K	$2.1M	75x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$462K	$207K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0113%	1h	$119K	$190K	15x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0200%	1h	$585K	$6.5M	50x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.0M	$11.0M	75x	as long as short
Hyperliquid kPEPE	+0.0245%	1h	$49.5M	$34.4M	10x	as long as short
Aster 1000PEPEUSDT	+0.0362%	8h	$1.3M	$2.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0372% / S −0.0460%	1h	$49K	—	100x	as long as short
Kraken Futures PF_PEPEUSD	+0.0535%	1h	$2.8M	$8.2M	50x	as long as short
Lighter 1000PEPEshort	+0.0664%	1h	$776K	$2.5M	10x