PEPE

Alert

Funding spread now, next payment 17:00 UTC−0.2149%/8h

next payment, per $10,000−$2.69paid, last 24h−0.005%paid, last 7 days+0.014%to open and close $10k−$43

Long on Kraken Futures Short on Extended

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.69 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	0.000004942	0.2381	pay 0.0298% / 1h	41m 09s	$3.5M	$10.2M	50x
Short	Extended 1000PEPE-USD	0.000004941	0.0232	get 0.0029% / 1h	41m 09s	$525K	$237K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ExtendedbpOrdersRate

Funding earned: −$451.2
Slippage, 4 orders: −$28.22
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$494.42
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Extended: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.029%
Avg gap 7d: −0.027%

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	7.49 bp	15.3 bp −$15	25.8 bp −$258	96.0 bp −$9,602	doesn't fit
Sell Extended live order book, 3 min ago	3.04 bp	7.7 bp −$8	45.1 bp −$451	doesn't fit	doesn't fit

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	$87.9M	$216.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.3M	$423.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$139.0M	$49.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.0M	$35.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$39.8M	$104.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$890K	$2.7M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$345K	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$8K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$602K	$3.5M	75x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$40K	$58K	12x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$18.3M	75x	as long as short
MEXC PEPE_USDT	+0.0224%	8h	$109.6M	$254.9M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0224%	1h	$140K	—	3x	as long as short
Extended 1000PEPE-USDshort	+0.0232%	1h	$525K	$237K	25x
Binance 1000PEPEUSDT	+0.0234%	8h	$129.9M	$801.9M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0242%	1h	$93K	$752K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0290% / S −0.0236%	1h	$47K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$556K	$19.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0488%	8h	$6K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0501%	1h	$233K	$714K	10x	as long as short
Aster 1000PEPEUSDT	+0.0761%	8h	$1.3M	$5.0M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0764%	1h	$80K	$95K	25x	as long as short
Hyperliquid kPEPE	+0.0810%	1h	$57.0M	$52.8M	10x	as long as short
SoDEX 1000PEPE-USD	+0.0930%	1h	$1K	$8K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0976%	1h	$107K	$468K	15x	as long as short
01 Exchange kPEPEUSD	+0.1024%	1h	$567	$1K	10x	as long as short
Lighter 1000PEPE	+0.1184%	1h	$617K	$4.5M	10x	as long as short
Phemex u1000PEPEUSDT	+0.1557%	8h	$2.5M	$5.9M	50x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.2381%	1h	$3.5M	$10.2M	50x