PEPE

Alert

Funding spread now, next payment 15:00 UTC−0.0424%/8h

paid, last 24h+0.039%paid, last 7 days+0.019%to open and close $10k−$47

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% 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	Kraken Futures PF_PEPEUSD	0.000004447	0.0524	pay 0.0065% / 1h	22m 50s	$2.9M	$8.3M	50x
Short	OKX PEPE-USDT-SWAP	0.000004439	0.0100	get 0.0100% / 8h	1h 22m	$32.5M	$220.7M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee OKXbpOrdersRate

Funding earned: −$89.02
Slippage, 4 orders: −$26.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$135.78
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.185%
Avg gap 7d: −0.031%

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	4.86 bp	17.4 bp −$17	22.7 bp −$227	73.4 bp −$7,341	doesn't fit
Sell OKX live order book, 3 min ago	1.13 bp	6.6 bp −$7	11.8 bp −$118	28.4 bp −$2,836	doesn't fit

PEPE on 34 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	−0.0104%	1h	$17K	$39K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	$16K	—	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	$37K	$63K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0002%	1h	$4K	—	150x	as long as short
Phemex u1000PEPEUSDT	+0.0015%	8h	$2.2M	$5.2M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0062%	8h	$27K	$3K	20x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$126K	—	3x	as long as short
Paradex kPEPE-USD-PERP	+0.0098%	8h	$5K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	$226K	$404K	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	$53K	$35K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance 1000PEPEUSDT	+0.0100%	8h	$99.6M	$464.4M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$76.0M	$116.3M	50x	as long as short
OKX PEPE-USDT-SWAPshort	+0.0100%	8h	$32.5M	$220.7M	50x
Gate PEPE_USDT	+0.0100%	8h	$113.6M	$26.5M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$102.6M	$210.6M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.8M	$24.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$42.3M	$62.8M	75x	as long as short
BingX 1000PEPE-USDT	+0.0100%	8h	—	$162.3M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$592K	$1.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$26K	$325K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$105K	$712K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$1.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	$2K	$7K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$484K	$2.2M	75x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$471K	$207K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0143%	1h	$122K	$190K	15x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0200%	1h	$628K	$7.2M	50x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.1M	$12.3M	75x	as long as short
Hyperliquid kPEPE	+0.0333%	1h	$50.6M	$34.6M	10x	as long as short
Aster 1000PEPEUSDT	+0.0335%	8h	$1.4M	$2.9M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0404% / S −0.0617%	1h	$54K	—	100x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.0524%	1h	$2.9M	$8.3M	50x
Lighter 1000PEPE	+0.0640%	1h	$890K	$2.7M	10x	as long as short