PEPE

Alert

Funding spread now, next payment 18:00 UTC−0.1783%/8h

next payment, per $10,000−$2.23paid, last 24h−0.044%paid, last 3 days−0.182%to open and closeno order book

Long on Kraken Futures Short on gTrade (Gains Network)

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.182% in total (about -22.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.23 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	0.000004982	0.1788	pay 0.0223% / 1h	27m 46s	$3.6M	$9.8M	50x
Short	gTrade (Gains Network) PEPE/USD	0.000004976	L +0.0005% / S −0.0005%	get 0.0001% / 1h	27m 46s	$17K	—	150x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$374.41
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$394.41
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.132%
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, 3 min ago	8.83 bp	19.0 bp −$19	24.1 bp −$241	64.6 bp −$6,457	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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-USD	0.0000%	1h	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDshort	L +0.0005% / S −0.0005%	1h	$17K	—	150x
Pacifica kPEPE	+0.0100%	1h	$63K	$84K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$89.1M	$228.7M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.8M	$447.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$145.0M	$52.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$22.0M	$37.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.3M	$117.9M	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	$589K	$3.6M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0151%	8h	$31K	$8K	20x	as long as short
Nado kPEPE-PERP	+0.0152%	1h	$205K	$740K	10x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.3M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0267%	1h	$2K	$8K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0290% / S −0.0227%	1h	$48K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0301%	1h	$92K	$751K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0387%	8h	$2.5M	$5.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0457%	8h	$6K	$52	20x	as long as short
BingX 1000PEPE-USDT	+0.0494%	8h	—	$235.3M	—	as long as short
MEXC PEPE_USDT	+0.0524%	8h	$114.0M	$258.2M	300x	as long as short
Hyperliquid kPEPE	+0.0527%	1h	$56.8M	$53.6M	10x	as long as short
Extended 1000PEPE-USD	+0.0528%	1h	$544K	$247K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	$141K	—	3x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0528%	1h	$673K	$22.6M	50x	as long as short
Binance 1000PEPEUSDT	+0.0531%	8h	$129.6M	$852.7M	75x	as long as short
01 Exchange kPEPEUSD	+0.0688%	1h	$571	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0744%	1h	$95K	$509K	15x	as long as short
Lighter 1000PEPE	+0.0776%	1h	$630K	$4.5M	10x	as long as short
Aster 1000PEPEUSDT	+0.0843%	8h	$1.4M	$5.4M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1157%	1h	$84K	$96K	25x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.1788%	1h	$3.6M	$9.8M	50x