PEPE

Alert

Funding spread now, next payment 19:00 UTC−0.0337%/8h

paid, last 24h−0.047%paid, last 7 days−0.149%to open and close $10k−$59

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% 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	Lighter 1000PEPE	0.000004993	0.0816	pay 0.0102% / 1h	0m 31s	$609K	$4.9M	10x
Short	Phemex u1000PEPEUSDT	0.000004998	0.0479	get 0.0479% / 8h	5h 00m	$2.5M	$6.0M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee PhemexbpOrdersRate

Funding earned: −$70.79
Slippage, 4 orders: −$47.02
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$129.81
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Phemex: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.090%
Avg gap 7d: −0.007%

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	3.02 bp	10.5 bp −$11	21.7 bp −$217	66.6 bp −$6,656	doesn't fit
Sell Phemex live order book, 5 min ago	5.52 bp	27.1 bp −$27	44.1 bp −$441	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 +0.0006% / S −0.0006%	1h	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$63K	$98K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.8M	$251.2M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$43.6M	$477.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$151.1M	$57.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$24.5M	$43.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.7M	$131.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$778K	$3.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$329K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$571K	$3.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0176% / S −0.0042%	1h	$57K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$20.4M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0241%	8h	$31K	$9K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0388%	1h	$93K	$756K	25x	as long as short
Nado kPEPE-PERP	+0.0392%	1h	$214K	$783K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0433%	1h	$2K	$9K	10x	as long as short
Phemex u1000PEPEUSDTshort	+0.0479%	8h	$2.5M	$6.0M	50x
Coinbase International 1000PEPE-PERP-INTX	+0.0512%	1h	$695K	$24.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0522%	8h	$6K	$52	20x	as long as short
BingX 1000PEPE-USDC	+0.0690%	8h	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0736%	1h	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0742%	8h	$109.4M	$272.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0743%	8h	$130.0M	$929.3M	75x	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	$550K	$145K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0752%	1h	$85K	$86K	25x	as long as short
Lighter 1000PEPElong	+0.0816%	1h	$609K	$4.9M	10x
Hyperliquid kPEPE	+0.0819%	1h	$55.8M	$58.5M	10x	as long as short
01 Exchange kPEPEUSD	+0.0824%	1h	$573	$2K	10x	as long as short
Aster 1000PEPEUSDT	+0.0902%	8h	$1.5M	$6.2M	50x	as long as short
Injective PEPE/USDC PERP	+0.0921%	1h	$5K	$67K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1094%	1h	$3.7M	$11.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.1157%	1h	$100K	$552K	15x	as long as short