PEPE

Alert

Funding spread now, next payment 16:00 UTC−0.0921%/8h

next payment, per $10,000−$1.15paid, last 24h−0.007%paid, last 5 days−0.060%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.060% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.15 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	Kraken Futures PF_PEPEUSD	0.000004784	0.0921	pay 0.0115% / 1h	36m 14s	$3.2M	$8.8M	50x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000004781	0	get 0.0000% / 1h	36m 14s	$66K	$83K	25x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee DeribitbpOrdersRate

Funding earned: −$193.32
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$210.32
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.073%
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 Kraken Futures live order book, 4 min ago	10.19 bp	15.6 bp −$16	27.1 bp −$271	83.9 bp −$8,386	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	$17K	$95	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUALshort	0.0000%	1h	$66K	$83K	25x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0004%	1h	$19K	—	150x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$135K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$56K	$50K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$121.1M	$640.0M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$82.5M	$170.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$37.3M	$330.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$124.0M	$38.6M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$104.5M	$231.5M	300x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0100%	8h	$20.2M	$29.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$39.3M	$83.7M	75x	as long as short
BingX 1000PEPE-USDT	+0.0100%	8h	—	$179.7M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$930K	$2.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$329K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$112K	$735K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$5K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$1.9M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$553K	$2.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	$2.4M	$5.5M	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
BloFin PEPE-USDT	+0.0220%	8h	$3.7M	$15.4M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0236%	8h	$5K	$52	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0272% / S −0.0201%	1h	$41K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$666K	$13.7M	50x	as long as short
Nado kPEPE-PERP	+0.0415%	1h	$221K	$555K	10x	as long as short
Injective PEPE/USDC PERP	+0.0474%	1h	$41K	$70K	12x	as long as short
Aster 1000PEPEUSDT	+0.0491%	8h	$1.3M	$3.7M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0878%	1h	$1K	$8K	10x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.0921%	1h	$3.2M	$8.8M	50x
Lighter 1000PEPE	+0.1216%	1h	$599K	$4.1M	10x	as long as short
Hyperliquid kPEPE	+0.1227%	1h	$57.0M	$45.2M	10x	as long as short
01 Exchange kPEPEUSD	+0.1248%	1h	$546	$1K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1385%	1h	$123K	$316K	15x	as long as short