PEPE

Alert

Funding spread now, next payment 15:00 UTC−0.0484%/8h

next payment, per $10,000−$0.60paid, last 24h+0.026%paid, last 3 days−0.056%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 -0.056% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 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	0.000004402	0.0672	pay 0.0084% / 1h	35m 59s	$796K	$2.6M	10x
Short	Reya kPEPERUSDPERP	0.000004394	0.0188	get 0.0024% / 1h	35m 59s	$7K	—	15x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ReyabpOrdersRate

Funding earned: −$101.6
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$107.6
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.174%
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, 3 min ago	4.57 bp	6.4 bp −$6	13.8 bp −$138	doesn't fit	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 34 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	−0.0104%	1h	$16K	$39K	12x	as long as short
Phemex u1000PEPEUSDT	−0.0029%	8h	$2.2M	$5.2M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	$16K	$908	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	$37K	$63K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0002%	1h	$4K	—	150x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0062%	8h	$27K	$3K	20x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$124K	—	3x	as long as short
Paradex kPEPE-USD-PERP	+0.0098%	8h	$5K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	$226K	$402K	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	$52K	$35K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance 1000PEPEUSDT	+0.0100%	8h	$99.1M	$451.8M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$74.7M	$111.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$31.9M	$211.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$113.3M	$25.5M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$100.4M	$204.3M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$19.7M	$24.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$40.7M	$61.6M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	—	$2.3M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$534K	$1.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$26K	$324K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$104K	$711K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$1.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	$2K	$7K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$472K	$2.1M	75x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$464K	$207K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0188%	1h	$120K	$188K	15x	as long as short
Reya kPEPERUSDPERPshort	+0.0188%	1h	$7K	—	15x
Coinbase International 1000PEPE-PERP-INTX	+0.0200%	1h	$591K	$6.6M	50x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.0M	$11.5M	75x	as long as short
Hyperliquid kPEPE	+0.0319%	1h	$50.1M	$34.6M	10x	as long as short
Aster 1000PEPEUSDT	+0.0358%	8h	$1.3M	$2.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0404% / S −0.0539%	1h	$55K	—	100x	as long as short
Kraken Futures PF_PEPEUSD	+0.0530%	1h	$2.8M	$8.3M	50x	as long as short
Lighter 1000PEPElong	+0.0672%	1h	$796K	$2.6M	10x