PEPE

Alert

Funding spread now, next payment 17:00 UTC−0.2280%/8h

paid, last 24h−0.006%paid, last 3 days−0.109%to open and closeno order book

Long on Kraken Futures Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.109% in total (about -13.3% 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	0.000004943	0.2380	pay 0.0298% / 1h	43m 22s	$3.4M	$10.2M	50x
Short	Variational Omni 1000PEPE	0.000004947	0.0100	get 0.0100% / 8h	7h 43m	$890K	$2.7M	—

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 Variational OmnibpOrdersRate

Funding earned: −$478.83
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$488.83
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.077%
Avg gap 7d: −0.097%

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, 2 min ago	7.49 bp	15.3 bp −$15	25.8 bp −$258	96.0 bp −$9,602	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	5.07 bp	doesn't fit	31.4 bp −$314	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	$88.8M	$215.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.6M	$426.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$139.9M	$48.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.1M	$35.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$40.0M	$103.9M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	$890K	$2.7M	—

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
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$92K	$752K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$8K	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	$639K	$3.4M	75x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$40K	$58K	12x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0186% / S −0.0041%	1h	$57K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
MEXC PEPE_USDT	+0.0198%	8h	$110.9M	$254.2M	300x	as long as short
Extended 1000PEPE-USD	+0.0200%	1h	$531K	$237K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0200%	1h	$139K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0211%	8h	$131.3M	$797.2M	75x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$18.2M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$671K	$19.6M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0486%	8h	$6K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0551%	1h	$230K	$713K	10x	as long as short
Aster 1000PEPEUSDT	+0.0742%	8h	$1.3M	$4.9M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0765%	1h	$80K	$95K	25x	as long as short
Hyperliquid kPEPE	+0.0837%	1h	$57.5M	$52.7M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0881%	1h	$107K	$456K	15x	as long as short
SoDEX 1000PEPE-USD	+0.0930%	1h	$1K	$8K	10x	as long as short
01 Exchange kPEPEUSD	+0.1008%	1h	$572	$1K	10x	as long as short
Lighter 1000PEPE	+0.1088%	1h	$622K	$4.5M	10x	as long as short
Phemex u1000PEPEUSDT	+0.2087%	8h	$2.5M	$5.9M	50x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.2380%	1h	$3.4M	$10.2M	50x