PEPE

Alert

Funding spread now, next payment 19:00 UTC+0.0721%/8h

paid, last 24h+0.083%paid, last 7 days+0.435%to open and close $10k−$42

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.435% in total (about 22.7% a year). A funding rate is set anew for every payment. 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	Gate PEPE_USDT	0.000004980	0.0100	pay 0.0100% / 8h	5h 14m	$150.5M	$56.6M	75x
Short	Hyperliquid kPEPE	0.000004991	0.0821	get 0.0103% / 1h	14m 09s	$55.8M	$58.0M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee HyperliquidbpOrdersRate

Funding earned: $151.51
Slippage, 4 orders: −$17.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $110.01
Break-even: 1.9 days

Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 11 min ago.

Price risk

price view

Price gap now: +0.221%
Avg gap 7d: +0.111%

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 Gate live order book, 1 min ago	2.00 bp	11.1 bp −$11	17.2 bp −$172	68.4 bp −$6,844	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.99 bp	10.3 bp −$10	15.0 bp −$150	doesn't fit	doesn't fit

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 +0.0006% / S −0.0009%	1h	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$63K	$97K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$89.0M	$247.7M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.7M	$470.6M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	$150.5M	$56.6M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	$25.4M	$42.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.2M	$129.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$769K	$3.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$328K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$578K	$3.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0179% / S −0.0044%	1h	$57K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.0M	$20.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0228%	8h	$31K	$9K	20x	as long as short
Nado kPEPE-PERP	+0.0345%	1h	$221K	$776K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0461%	8h	$2.5M	$6.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0512%	1h	$672K	$24.0M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0535%	1h	$93K	$756K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0541%	1h	$2K	$8K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0546%	8h	$6K	$52	20x	as long as short
BingX 1000PEPE-USDT	+0.0677%	8h	—	$247.3M	—	as long as short
MEXC PEPE_USDT	+0.0718%	8h	$110.4M	$270.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0719%	8h	$132.7M	$915.0M	75x	as long as short
Extended 1000PEPE-USD	+0.0720%	1h	$550K	$145K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	$142K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0753%	1h	$85K	$86K	25x	as long as short
Hyperliquid kPEPEshort	+0.0821%	1h	$55.8M	$58.0M	10x
01 Exchange kPEPEUSD	+0.0848%	1h	$576	$2K	10x	as long as short
Lighter 1000PEPE	+0.0856%	1h	$631K	$4.8M	10x	as long as short
Aster 1000PEPEUSDT	+0.0883%	8h	$1.5M	$6.0M	50x	as long as short
Injective PEPE/USDC PERP	+0.0921%	1h	$5K	$67K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.1083%	1h	$99K	$546K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1095%	1h	$3.8M	$10.8M	50x	as long as short