PEPE

Alert

Funding spread now, next payment 15:00 UTC−0.0202%/8h

next payment, per $10,000−$0.25paid, last 24h−0.007%paid, last 4 days+0.036%to open and closeno order book

Long on Injective Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.036% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 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	Injective PEPE/USDC PERP	0.000004808	0.0474	pay 0.0059% / 1h	43m 02s	$41K	$69K	12x
Short	Coinbase International 1000PEPE-PERP-INTX	0.000004772	0.0272	get 0.0034% / 1h	43m 02s	$596K	$12.9M	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 Coinbase InternationalbpOrdersRate

Funding earned: −$42.41
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$52.43
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.749%
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 Coinbase International live order book, 2 min ago	3.12 bp	11.9 bp −$12	16.3 bp −$163	doesn't fit	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
ApeX Omni 1000PEPEUSDT	−0.0178%	1h	$115K	$732K	25x	as long as short
dYdX PEPE-USD	0.0000%	1h	$18K	$95	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	$63K	$79K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0004%	1h	$19K	—	150x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$136K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$56K	$47K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$121.6M	$625.8M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$83.0M	$166.0M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$37.0M	$324.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$120.9M	$37.1M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PEPE_USDT	+0.0100%	8h	$104.0M	$229.6M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.1M	$29.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$40.1M	$82.2M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	—	$2.3M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$836K	$2.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$331K	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$5K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$1.9M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$556K	$2.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	$2.4M	$5.4M	50x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$509K	$221K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0204%	8h	$5K	$52	20x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.6M	$15.0M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0272% / S −0.0213%	1h	$40K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTXshort	+0.0272%	1h	$596K	$12.9M	50x
Nado kPEPE-PERP	+0.0430%	1h	$211K	$536K	10x	as long as short
Aster 1000PEPEUSDT	+0.0471%	8h	$1.3M	$3.6M	50x	as long as short
Injective PEPE/USDC PERPlong	+0.0474%	1h	$41K	$69K	12x
SoDEX 1000PEPE-USD	+0.0745%	1h	$1K	$8K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0924%	1h	$3.2M	$9.1M	50x	as long as short
Lighter 1000PEPE	+0.0960%	1h	$638K	$4.1M	10x	as long as short
01 Exchange kPEPEUSD	+0.1120%	1h	$553	$1K	10x	as long as short
Hyperliquid kPEPE	+0.1125%	1h	$56.6M	$43.8M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1502%	1h	$121K	$310K	15x	as long as short