PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.06 per $10,000 · paid last 24h +0.004%

Price spread now: Orderly against OKX−0.433%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.433% cheaper against OKX than usual: you would sell low and buy high, −$43 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEPE-USDT-SWAP	0.000005099	0.0399	pay 0.0399% / 8h	1h 21m	$47.2M	$724.5M	50x
Short	Orderly PERP_1000PEPE_USDC	0.000005077	0.0394	get 0.0394% / 8h	1h 21m	$33K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee OrderlybpOrdersPrice spread, now −0.433%Rate

Funding earned: −$1.23
Price spread: −0.433% → 0.000%: −$43.34
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$60.57
Costs to cover: 0.160%
Break-even: never at this rate

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

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 OKX live order book, 3 min ago	0.98 bp	6.0 bp −$6	9.8 bp −$98	30.7 bp −$3,072	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005093	−0.118%	$9K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005092	−0.135%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005079	−0.384%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005096	−0.059%	$59K	$181K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005098	−0.027%	$99.4M	$419.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005091	−0.157%	$162.1M	$97.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005098	−0.014%	$25.9M	$72.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005105	+0.110%	$598K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005087	−0.242%	$28K	$542K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005091	−0.153%	$2K	$2.7M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005081	−0.353%	$589K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0187%	1h	0.000005082	−0.333%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005082	−0.340%	$8K	—	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0253%	1h	0.000005083	−0.314%	$154K	$824K	25x	as long as short
Bitget PEPEUSDT	+0.0287%	8h	0.000005098	−0.025%	$45.5M	$215.8M	75x	as long as short
Orderly PERP_1000PEPE_USDCshort	+0.0394%	8h	0.000005077	−0.433%	$33K	$26K	20x
OKX PEPE-USDT-SWAPlong	+0.0399%	8h	0.000005099	long leg	$47.2M	$724.5M	50x
Backpack kPEPE_USDC_PERP	+0.0417%	1h	0.000005084	−0.286%	$73K	$860K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0459%	1h	0.000005080	−0.380%	$4.6M	$16.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0512%	8h	0.000005098	−0.018%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0526%	8h	0.000005081	−0.353%	$4.5M	$29.2M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0538%	1h	0.000005081	−0.353%	$72K	$127K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0576%	8h	0.000005085	−0.282%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005080	−0.373%	$678K	$38.4M	50x	as long as short
Lighter 1000PEPE	+0.0672%	1h	0.000005100	+0.020%	$607K	$9.1M	10x	as long as short
01 Exchange kPEPEUSD	+0.0680%	1h	0.000005105	+0.118%	$616	$3K	10x	as long as short
BingX 1000PEPE-USDC	+0.0727%	8h	0.000005094	−0.102%	—	$2.3M	—	as long as short
Nado kPEPE-PERP	+0.0757%	1h	0.000005096	−0.055%	$164K	$959K	10x	as long as short
Aster 1000PEPEUSDT	+0.0762%	8h	0.000005093	−0.118%	$1.7M	$11.8M	50x	as long as short
Binance 1000PEPEUSDT	+0.0767%	8h	0.000005100	+0.012%	$140.3M	$1.47B	75x	as long as short
MEXC PEPE_USDT	+0.0767%	8h	0.000005097	−0.045%	$98.2M	$305.4M	300x	as long as short
Extended 1000PEPE-USD	+0.0768%	1h	0.000005095	−0.086%	$538K	$280K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0768%	1h	0.000005081	−0.353%	$144K	—	3x	as long as short
Hyperliquid kPEPE	+0.0938%	1h	0.000005098	−0.020%	$52.7M	$156.4M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1130% / S −0.2257%	1h	0.000005000	−1.942%	$63K	—	100x	as long as short