PEPE

Alert

Funding spread now, next payment 17:00 UTC+0.1021%/8h

next payment, per $10,000+$1.28paid, last 24h+0.031%paid, last 4 days+0.152%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 0.152% in total (about 15.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.28 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	0.000004942	0.0123	pay 0.0015% / 1h	46m 37s	$40K	$58K	12x
Short	Lighter 1000PEPE	0.000004946	0.1144	get 0.0143% / 1h	46m 37s	$618K	$4.5M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee LighterbpOrdersRate

Funding earned: $214.33
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $214.31
Break-even: 0.0 days

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.081%
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 Lighter live order book, 3 min ago	7.05 bp	10.4 bp −$10	18.6 bp −$186	52.7 bp −$5,274	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	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
BingX 1000PEPE-USDC	+0.0080%	8h	—	$2.3M	—	as long as short
Pacifica kPEPE	+0.0100%	1h	$60K	$73K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.4M	$214.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.4M	$420.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$138.6M	$48.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.3M	$35.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$39.8M	$103.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$932K	$2.6M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$344K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$92K	$752K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$8K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$627K	$3.3M	75x	as long as short
Injective PEPE/USDC PERPlong	+0.0123%	1h	$40K	$58K	12x
Aevo 1000PEPE-PERP	+0.0176%	1h	$138K	—	3x	as long as short
MEXC PEPE_USDT	+0.0183%	8h	$109.5M	$252.9M	300x	as long as short
Extended 1000PEPE-USD	+0.0184%	1h	$525K	$237K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0186% / S −0.0054%	1h	$56K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Binance 1000PEPEUSDT	+0.0193%	8h	$129.9M	$791.4M	75x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$18.2M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$672K	$19.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0469%	8h	$6K	$52	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0560%	1h	$80K	$95K	25x	as long as short
Nado kPEPE-PERP	+0.0592%	1h	$237K	$710K	10x	as long as short
Aster 1000PEPEUSDT	+0.0736%	8h	$1.3M	$4.8M	50x	as long as short
Hyperliquid kPEPE	+0.0807%	1h	$57.1M	$52.3M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0881%	1h	$107K	$456K	15x	as long as short
SoDEX 1000PEPE-USD	+0.0901%	1h	$1K	$8K	10x	as long as short
01 Exchange kPEPEUSD	+0.1040%	1h	$566	$1K	10x	as long as short
Lighter 1000PEPEshort	+0.1144%	1h	$618K	$4.5M	10x
Kraken Futures PF_PEPEUSD	+0.2377%	1h	$3.4M	$10.2M	50x	as long as short
Phemex u1000PEPEUSDT	+0.2855%	8h	$2.5M	$5.9M	50x	as long as short