PEPE

Alert

Funding spread now, next payment 18:00 UTC−0.1798%/8h

next payment, per $10,000−$2.25paid, last 24h−0.036%paid, last 5 days+0.078%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 0.078% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.25 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	Kraken Futures PF_PEPEUSD	0.000004954	0.1798	pay 0.0225% / 1h	30m 40s	$3.5M	$9.7M	50x
Short	dYdX PEPE-USD	0.000004957	0	get 0.0000% / 1h	30m 40s	$18K	$95	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee dYdXbpOrdersRate

Funding earned: −$377.54
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$397.54
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.067%
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, 5 min ago	8.90 bp	17.4 bp −$17	25.3 bp −$253	80.5 bp −$8,053	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Injective PEPE/USDC PERP	−0.0669%	1h	$5K	$67K	12x	as long as short
dYdX PEPE-USDshort	0.0000%	1h	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$63K	$83K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.4M	$227.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.6M	$444.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$144.2M	$52.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.8M	$37.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.3M	$117.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$767K	$2.8M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$338K	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	$584K	$3.6M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0147%	8h	$31K	$8K	20x	as long as short
Nado kPEPE-PERP	+0.0152%	1h	$204K	$740K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0184% / S +0.0065%	1h	$70K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0250%	1h	$2K	$8K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0335%	8h	$2.5M	$5.9M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0349%	1h	$92K	$752K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0457%	8h	$6K	$52	20x	as long as short
BingX 1000PEPE-USDC	+0.0477%	8h	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0512%	1h	$140K	—	3x	as long as short
MEXC PEPE_USDT	+0.0517%	8h	$101.2M	$255.9M	300x	as long as short
Extended 1000PEPE-USD	+0.0520%	1h	$541K	$247K	25x	as long as short
Hyperliquid kPEPE	+0.0520%	1h	$56.4M	$53.4M	10x	as long as short
Binance 1000PEPEUSDT	+0.0525%	8h	$129.5M	$850.6M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0528%	1h	$674K	$22.5M	50x	as long as short
01 Exchange kPEPEUSD	+0.0672%	1h	$570	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0729%	1h	$96K	$504K	15x	as long as short
Lighter 1000PEPE	+0.0752%	1h	$626K	$4.5M	10x	as long as short
Aster 1000PEPEUSDT	+0.0836%	8h	$1.4M	$5.4M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1568%	1h	$84K	$96K	25x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.1798%	1h	$3.5M	$9.7M	50x