PEPE

Alert

Funding spread now, next payment 16:00 UTC−0.0374%/8h

paid, last 24h−0.027%paid, last 4 days+0.004%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.004% in total (about 0.4% 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	Injective PEPE/USDC PERP	0.000005036	0.0474	pay 0.0059% / 1h	5m 17s	$41K	$74K	12x
Short	Bybit 1000PEPEUSDT	0.000005040	0.0100	get 0.0100% / 8h	5m 17s	$88.7M	$199.8M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee BybitbpOrdersRate

Funding earned: −$78.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$89.55
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.085%
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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	1.00 bp	9.9 bp −$10	19.0 bp −$190	43.3 bp −$4,329	doesn't fit

Injective: 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	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	$3K	—	150x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$143K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$59K	$61K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$132.2M	$733.4M	75x	as long as short
Bybit 1000PEPEUSDTshort	+0.0100%	8h	$88.7M	$199.8M	50x
OKX PEPE-USDT-SWAP	+0.0100%	8h	$43.7M	$402.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$141.0M	$46.4M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$119.2M	$250.9M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.7M	$33.1M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0100%	8h	$40.8M	$97.1M	75x	as long as short
BingX 1000PEPE-USDT	+0.0100%	8h	—	$198.4M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$934K	$2.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$342K	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$31K	$6K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$2.2M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$641K	$3.1M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	$2.6M	$5.7M	50x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$537K	$235K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.2M	$17.5M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0236%	1h	$93K	$749K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$581K	$17.6M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0276% / S −0.0233%	1h	$41K	—	100x	as long as short
Nado kPEPE-PERP	+0.0396%	1h	$246K	$606K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0430%	8h	$6K	$52	20x	as long as short
Injective PEPE/USDC PERPlong	+0.0474%	1h	$41K	$74K	12x
Aster 1000PEPEUSDT	+0.0696%	8h	$1.3M	$4.3M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0871%	1h	$3.5M	$9.6M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0937%	1h	$82K	$95K	25x	as long as short
SoDEX 1000PEPE-USD	+0.1176%	1h	$1K	$8K	10x	as long as short
01 Exchange kPEPEUSD	+0.1224%	1h	$579	$1K	10x	as long as short
Hyperliquid kPEPE	+0.1267%	1h	$58.8M	$49.9M	10x	as long as short
Lighter 1000PEPE	+0.1408%	1h	$658K	$4.5M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1484%	1h	$133K	$400K	15x	as long as short