PEPE

Alert

Funding spread now, next payment 18:00 UTC−0.1601%/8h

next payment, per $10,000−$2.00paid, last 24h+0.011%paid, last 3 days−0.021%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.021% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.00 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	0.000004977	0.1790	pay 0.0224% / 1h	26m 51s	$3.6M	$9.8M	50x
Short	Reya kPEPERUSDPERP	0.000004985	0.0188	get 0.0024% / 1h	26m 51s	$8K	—	15x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ReyabpOrdersRate

Funding earned: −$336.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$352.25
Break-even: never at this rate

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

Price risk

price view

Price gap now: +0.164%
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	8.83 bp	19.0 bp −$19	24.1 bp −$241	64.6 bp −$6,457	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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/USD	L +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$63K	$84K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.9M	$228.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.8M	$447.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$144.7M	$52.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.9M	$37.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.1M	$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	$336K	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	$589K	$3.6M	75x	as long as short
Nado kPEPE-PERP	+0.0144%	1h	$206K	$740K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0152%	8h	$31K	$8K	20x	as long as short
Reya kPEPERUSDPERPshort	+0.0188%	1h	$8K	—	15x
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.3M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0258%	1h	$92K	$752K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0285%	1h	$2K	$8K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0290% / S −0.0282%	1h	$44K	—	100x	as long as short
Phemex u1000PEPEUSDT	+0.0368%	8h	$2.5M	$5.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0459%	8h	$6K	$52	20x	as long as short
BingX 1000PEPE-USDT	+0.0499%	8h	—	$235.4M	—	as long as short
Hyperliquid kPEPE	+0.0522%	1h	$56.8M	$53.7M	10x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	$141K	—	3x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0528%	1h	$670K	$22.6M	50x	as long as short
MEXC PEPE_USDT	+0.0530%	8h	$114.2M	$258.4M	300x	as long as short
Extended 1000PEPE-USD	+0.0536%	1h	$544K	$247K	25x	as long as short
Binance 1000PEPEUSDT	+0.0536%	8h	$129.5M	$853.3M	75x	as long as short
01 Exchange kPEPEUSD	+0.0688%	1h	$573	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0756%	1h	$97K	$510K	15x	as long as short
Lighter 1000PEPE	+0.0776%	1h	$629K	$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	+0.0957%	1h	$84K	$96K	25x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.1790%	1h	$3.6M	$9.8M	50x