PEPE

Alert

Funding spread now, next payment 19:00 UTC−0.0313%/8h

paid, last 24h−0.015%paid, last 4 days+0.065%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 0.065% in total (about 6.4% 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	0.000004908	0.0921	pay 0.0115% / 1h	55m 59s	$5K	$67K	12x
Short	MEXC PEPE_USDT	0.000004862	0.0608	get 0.0608% / 8h	5h 55m	$121.5M	$263.1M	300x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee MEXCbpOrdersRate

Funding earned: −$65.82
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: −$65.84
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.945%
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 MEXC live order book, 5 min ago	0.51 bp	1.6 bp −$2	18.9 bp −$189	49.7 bp −$4,972	75.5 bp −$37.7K

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 0.0000%	1h	$10K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$62K	$88K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$86.5M	$240.9M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$41.2M	$447.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$143.2M	$54.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$22.2M	$39.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$46.5M	$123.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$755K	$2.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$323K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$569K	$3.6M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0149%	1h	$1K	$8K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0176% / S +0.0026%	1h	$64K	—	100x	as long as short
Backpack kPEPE_USDC_PERP	+0.0178%	1h	$99K	$526K	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0185%	8h	$30K	$8K	20x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.5M	75x	as long as short
Nado kPEPE-PERP	+0.0223%	1h	$196K	$751K	10x	as long as short
Hyperliquid kPEPE	+0.0284%	1h	$54.5M	$56.2M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0296%	1h	$91K	$752K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0365%	1h	$83K	$86K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0442%	8h	$2.4M	$5.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0464%	8h	$5K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0512%	1h	$642K	$23.1M	50x	as long as short
Lighter 1000PEPE	+0.0520%	1h	$586K	$4.6M	10x	as long as short
BingX 1000PEPE-USDT	+0.0575%	8h	—	$236.5M	—	as long as short
Extended 1000PEPE-USD	+0.0608%	1h	$535K	$126K	25x	as long as short
MEXC PEPE_USDTshort	+0.0608%	8h	$121.5M	$263.1M	300x
Aevo 1000PEPE-PERP	+0.0608%	1h	$138K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0611%	8h	$126.4M	$881.0M	75x	as long as short
01 Exchange kPEPEUSD	+0.0768%	1h	$563	$2K	10x	as long as short
Aster 1000PEPEUSDT	+0.0828%	8h	$1.3M	$5.5M	50x	as long as short
Injective PEPE/USDC PERPlong	+0.0921%	1h	$5K	$67K	12x
Kraken Futures PF_PEPEUSD	+0.1119%	1h	$3.5M	$10.2M	50x	as long as short