PEPE

Alert

Funding spread now, next payment 19:00 UTC+0.0828%/8h

next payment, per $10,000+$1.04paid, last 24h−0.028%paid, last 3 days−0.156%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.156% in total (about -19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.04 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	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0281% / S −0.0212%	pay 0.0035% / 1h	46m 24s	$48K	—	100x
Short	Kraken Futures PF_PEPEUSD	0.000004925	0.1109	get 0.0139% / 1h	46m 24s	$3.6M	$10.3M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Kraken FuturesbpOrdersRate

Funding earned: $173.91
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $151.91
Break-even: 0.9 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +23.123%
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 GMX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	5.72 bp	15.5 bp −$16	20.3 bp −$203	124.4 bp −$12.4K	doesn't fit

GMX: 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-USD	0.0000%	1h	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	$18K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$62K	$89K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.4M	$242.1M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.2M	$455.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$145.3M	$54.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$22.7M	$39.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.0M	$124.4M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	$97K	$528K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$728K	$3.0M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$326K	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	$572K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0192%	8h	$30K	$9K	20x	as long as short
SoDEX 1000PEPE-USD	+0.0218%	1h	$1K	$8K	10x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.0M	$19.6M	75x	as long as short
Nado kPEPE-PERP	+0.0273%	1h	$198K	$751K	10x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.0281% / S −0.0212%	1h	$48K	—	100x
Phemex u1000PEPEUSDT	+0.0400%	8h	$2.5M	$6.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0458%	8h	$6K	$52	20x	as long as short
Hyperliquid kPEPE	+0.0507%	1h	$55.0M	$56.6M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0512%	1h	$653K	$23.3M	50x	as long as short
BingX 1000PEPE-USDC	+0.0581%	8h	—	$2.3M	—	as long as short
ApeX Omni 1000PEPEUSDT	+0.0583%	1h	$91K	$752K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0616%	1h	$139K	—	3x	as long as short
MEXC PEPE_USDT	+0.0622%	8h	$122.7M	$264.1M	300x	as long as short
Extended 1000PEPE-USD	+0.0624%	1h	$540K	$126K	25x	as long as short
Binance 1000PEPEUSDT	+0.0626%	8h	$127.8M	$886.4M	75x	as long as short
01 Exchange kPEPEUSD	+0.0704%	1h	$564	$2K	10x	as long as short
Lighter 1000PEPE	+0.0704%	1h	$593K	$4.6M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0766%	1h	$83K	$86K	25x	as long as short
Aster 1000PEPEUSDT	+0.0826%	8h	$1.3M	$5.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0921%	1h	$5K	$67K	12x	as long as short
Kraken Futures PF_PEPEUSDshort	+0.1109%	1h	$3.6M	$10.3M	50x