PEPE

Alert

Funding spread now, next payment 16:00 UTC−0.0952%/8h

next payment, per $10,000−$1.19paid, last 24h−0.057%paid, last 5 days−0.142%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 -0.142% in total (about -11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.19 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	Lighter 1000PEPE	0.000004815	0.0952	pay 0.0119% / 1h	39m 55s	$612K	$4.1M	10x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000004803	0	get 0.0000% / 1h	39m 55s	$66K	$83K	25x

Funding history

latest

Range statsloading…

Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee DeribitbpOrdersRate

Funding earned: −$199.92
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$206.92
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.249%
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 Lighter live order book, 4 min ago	4.14 bp	5.8 bp −$6	17.3 bp −$173	45.1 bp −$4,513	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
dYdX PEPE-USD	0.0000%	1h	$18K	$95	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUALshort	0.0000%	1h	$66K	$83K	25x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0004%	1h	$19K	—	150x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$136K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$56K	$47K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$121.8M	$631.2M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$82.7M	$168.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$37.3M	$328.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$121.6M	$37.4M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$104.6M	$230.6M	300x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0100%	8h	$20.6M	$29.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$39.6M	$82.9M	75x	as long as short
BingX 1000PEPE-USDT	+0.0100%	8h	—	$178.6M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$930K	$2.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$328K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$113K	$733K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$5K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$1.9M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$554K	$2.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	$2.4M	$5.4M	50x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$511K	$221K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.6M	$15.0M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0222%	8h	$5K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$631K	$13.5M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0272% / S −0.0201%	1h	$42K	—	100x	as long as short
Nado kPEPE-PERP	+0.0447%	1h	$217K	$544K	10x	as long as short
Aster 1000PEPEUSDT	+0.0468%	8h	$1.3M	$3.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0474%	1h	$41K	$70K	12x	as long as short
SoDEX 1000PEPE-USD	+0.0836%	1h	$1K	$8K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0916%	1h	$3.2M	$9.2M	50x	as long as short
Lighter 1000PEPElong	+0.0952%	1h	$612K	$4.1M	10x
Hyperliquid kPEPE	+0.1193%	1h	$57.7M	$45.0M	10x	as long as short
01 Exchange kPEPEUSD	+0.1264%	1h	$551	$1K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1397%	1h	$123K	$316K	15x	as long as short