PEPE

Alert

Funding spread now, next payment 18:00 UTC−0.1659%/8h

paid, last 24h−0.033%paid, last 5 days−0.084%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 -0.084% in total (about -6.5% 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	0.000004983	0.1787	pay 0.0223% / 1h	46m 39s	$3.5M	$9.6M	50x
Short	Orderly PERP_1000PEPE_USDC	0.000004983	0.0128	get 0.0128% / 8h	6h 46m	$31K	$8K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee OrderlybpOrdersRate

Funding earned: −$348.42
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$364.42
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.007%
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	3.62 bp	20.5 bp −$21	34.9 bp −$349	73.8 bp −$7,383	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	$40K	$47K	12x	as long as short
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
Nado kPEPE-PERP	+0.0100%	1h	$221K	$733K	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	$64K	$81K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.6M	$224.7M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$43.0M	$439.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$143.8M	$51.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.6M	$37.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$46.9M	$115.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni 1000PEPE	+0.0100%	8h	$818K	$2.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$337K	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	$587K	$3.6M	75x	as long as short
Orderly PERP_1000PEPE_USDCshort	+0.0128%	8h	$31K	$8K	20x
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0190% / S +0.0012%	1h	$64K	—	100x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.1M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0372%	1h	$2K	$8K	10x	as long as short
BingX 1000PEPE-USDC	+0.0431%	8h	—	$2.3M	—	as long as short
Phemex u1000PEPEUSDT	+0.0468%	8h	$2.5M	$6.0M	50x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	$541K	$249K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0481%	8h	$110.0M	$252.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0481%	8h	$129.0M	$843.1M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0493%	8h	$6K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0528%	1h	$643K	$22.2M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0586%	1h	$92K	$754K	25x	as long as short
Hyperliquid kPEPE	+0.0679%	1h	$57.1M	$52.9M	10x	as long as short
01 Exchange kPEPEUSD	+0.0696%	1h	$571	$2K	10x	as long as short
Aster 1000PEPEUSDT	+0.0856%	8h	$1.4M	$5.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0861%	1h	$93K	$503K	15x	as long as short
Lighter 1000PEPE	+0.1024%	1h	$629K	$4.5M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1558%	1h	$84K	$96K	25x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.1787%	1h	$3.5M	$9.6M	50x