PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0173%/8h= −18.9% APRnext payment −$1.73 per $10,000 · paid last 24h −0.014%

Price spread now: Bitget against Orderly−0.026%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bitget

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.026% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_1000PEPE_USDC	0.000005026	0.0273	pay 0.0273% / 8h	6h 47m	$33K	$22K	20x
Short	Bitget PEPEUSDT	0.000005024	0.0100	get 0.0100% / 8h	6h 47m	$44.5M	$158.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$36.23
Price spread: −0.026% → 0.000%: −$2.59
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 1 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	2.88 bp	9.0 bp −$9	9.7 bp −$97	35.2 bp −$3,516	doesn't fit

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
dYdX PEPE-USD	0.0000%	1h	0.000005017	−0.179%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005008	−0.344%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	+0.026%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005022	−0.064%	$96.9M	$319.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005022	−0.074%	$159.8M	$69.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005030	+0.084%	$25.3M	$59.2M	75x	as long as short
Bitget PEPEUSDTshort	+0.0100%	8h	0.000005024	−0.026%	$44.5M	$158.3M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004998	−0.557%	$557K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005012	−0.270%	$46K	$388K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005032	+0.117%	$2K	$2.5M	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	0.000005022	−0.074%	$559K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005031	+0.101%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005013	−0.248%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0209%	8h	0.000005026	+0.006%	$44.3M	$556.7M	50x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0273%	8h	0.000005026	long leg	$33K	$22K	20x
ApeX Omni 1000PEPEUSDT	+0.0289%	1h	0.000005006	−0.392%	$106K	$752K	25x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	−0.352%	$4.2M	$24.6M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0406%	8h	0.000005029	+0.067%	$6K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005015	−0.213%	$660K	$28.7M	50x	as long as short
BingX 1000PEPE-USDC	+0.0447%	8h	0.000005022	−0.064%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005028	+0.036%	$552K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005027	+0.026%	$142K	—	3x	as long as short
MEXC PEPE_USDT	+0.0481%	8h	0.000005026	0.000%	$95.8M	$288.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0486%	8h	0.000005028	+0.040%	$139.3M	$1.16B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0505% / S −0.0410%	1h	0.000005000	−0.511%	$63K	—	100x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0547%	1h	0.000005023	−0.054%	$61K	$114K	25x	as long as short
Aster 1000PEPEUSDT	+0.0561%	8h	0.000005033	+0.151%	$1.7M	$8.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0599%	1h	0.000005023	−0.054%	$2K	$12K	10x	as long as short
Nado kPEPE-PERP	+0.0610%	1h	0.000005015	−0.208%	$177K	$883K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0829%	1h	0.000005024	−0.040%	$3.9M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0850%	1h	0.000005036	+0.211%	$101K	$624K	15x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005024	−0.034%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005039	+0.265%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1168%	1h	0.000005027	+0.026%	$646K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2577%	1h	0.000005039	+0.265%	$55.6M	$134.8M	10x	as long as short