PEPE

Alert

Funding spread now, next payment 16:00 UTC−0.0267%/8h

next payment, per $10,000−$0.33paid, last 24h−0.050%paid, last 7 days−0.081%to open and close $10k−$52

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 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	0.000004790	0.1192	pay 0.0149% / 1h	33m 23s	$609K	$4.2M	10x
Short	Kraken Futures PF_PEPEUSD	0.000004759	0.0925	get 0.0116% / 1h	33m 23s	$3.2M	$8.7M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Kraken FuturesbpOrdersRate

Funding earned: −$55.97
Slippage, 4 orders: −$42.38
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$108.35
Break-even: never at this rate

Slippage from Lighter: live order book, 11 min ago; Kraken Futures: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.642%
Avg gap 7d: −0.052%

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, 11 min ago	4.14 bp	5.8 bp −$6	17.3 bp −$173	45.1 bp −$4,513	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.57 bp	16.6 bp −$17	26.7 bp −$267	102.7 bp −$10.3K	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
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	$67K	$85K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0004%	1h	$19K	—	150x	as long as short
BingX 1000PEPE-USDT	+0.0080%	8h	—	$180.1M	—	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$135K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$56K	$50K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$121.5M	$645.8M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$81.9M	$172.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$37.0M	$332.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$125.0M	$39.9M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PEPE_USDT	+0.0100%	8h	$104.0M	$232.9M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.2M	$30.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$38.9M	$84.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$890K	$2.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$26K	$333K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$107K	$734K	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	$1K	$1.9M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$549K	$2.7M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	$2.4M	$5.5M	50x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$509K	$234K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.6M	$15.2M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0257%	8h	$5K	$52	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0272% / S −0.0244%	1h	$38K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$691K	$13.9M	50x	as long as short
Nado kPEPE-PERP	+0.0430%	1h	$224K	$562K	10x	as long as short
Injective PEPE/USDC PERP	+0.0474%	1h	$41K	$70K	12x	as long as short
Aster 1000PEPEUSDT	+0.0477%	8h	$1.3M	$3.8M	50x	as long as short
Kraken Futures PF_PEPEUSDshort	+0.0925%	1h	$3.2M	$8.7M	50x
SoDEX 1000PEPE-USD	+0.0947%	1h	$1K	$8K	10x	as long as short
Lighter 1000PEPElong	+0.1192%	1h	$609K	$4.2M	10x
Hyperliquid kPEPE	+0.1235%	1h	$56.4M	$45.8M	10x	as long as short
01 Exchange kPEPEUSD	+0.1240%	1h	$547	$1K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1305%	1h	$122K	$316K	15x	as long as short