PEPE

Alert

Funding spread now, next payment 16:00 UTC−0.0610%/8h

paid, last 24h−0.053%paid, last 7 days−0.387%to open and close $10k−$34

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.387% in total (about -20.2% 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	Hyperliquid kPEPE	0.000004766	0.0710	pay 0.0089% / 1h	53m 24s	$55.9M	$42.3M	10x
Short	OKX PEPE-USDT-SWAP	0.000004718	0.0100	get 0.0100% / 8h	53m 24s	$36.4M	$304.0M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee OKXbpOrdersRate

Funding earned: −$128.1
Slippage, 4 orders: −$15.16
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$162.26
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; OKX: live order book, 2 min ago.

Price risk

price view

Price gap now: −1.007%
Avg gap 7d: −0.125%

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 Hyperliquid live order book, 12 min ago	1.07 bp	5.6 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.02 bp	8.7 bp −$9	17.1 bp −$171	32.5 bp −$3,245	doesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni 1000PEPEUSDT	−0.0976%	1h	$117K	$731K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	−0.0386%	1h	$51K	$75K	25x	as long as short
dYdX PEPE-USD	0.0000%	1h	$17K	—	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0004%	1h	$19K	—	150x	as long as short
Phemex u1000PEPEUSDT	+0.0025%	8h	$2.4M	$5.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0087%	8h	$29K	$4K	20x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$134K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$56K	$40K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$116.4M	$598.3M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$81.3M	$158.0M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PEPE-USDT-SWAPshort	+0.0100%	8h	$36.4M	$304.0M	50x
Gate PEPE_USDT	+0.0100%	8h	$119.2M	$34.9M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$108.5M	$225.9M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$19.9M	$27.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$40.3M	$78.5M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	—	$2.3M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$768K	$1.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$29K	$327K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$1.8M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	$1K	$8K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$544K	$2.4M	75x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$502K	$220K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0135%	8h	$5K	$52	20x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.2M	$14.6M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0262% / S −0.0188%	1h	$38K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$632K	$12.2M	50x	as long as short
Aster 1000PEPEUSDT	+0.0441%	8h	$1.4M	$3.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0474%	1h	$40K	$69K	12x	as long as short
Hyperliquid kPEPElong	+0.0710%	1h	$55.9M	$42.3M	10x
Nado kPEPE-PERP	+0.0726%	1h	$213K	$527K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0931%	1h	$3.1M	$8.9M	50x	as long as short
Lighter 1000PEPE	+0.0936%	1h	$639K	$3.8M	10x	as long as short
01 Exchange kPEPEUSD	+0.0952%	1h	$547	$1K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1711%	1h	$126K	$249K	15x	as long as short