PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0236%/8h= −25.8% APRnext payment −$2.36 per $10,000 · paid last 24h −0.016%

Price spread now: KuCoin against Orderly+0.027%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.027% dearer against Orderly than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_1000PEPE_USDC	0.000005132	0.0336	pay 0.0336% / 8h	4h 37m	$34K	$24K	20x
Short	KuCoin PEPEUSDTM	0.000005133	0.0100	get 0.0100% / 8h	4h 37m	$26.3M	$64.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$49.53
Price spread: +0.027% → 0.000%: $2.73
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$64.8
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	1.28 bp	13.2 bp −$13	28.5 bp −$285	doesn't fit	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	0.000005130	−0.035%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005123	−0.166%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005140	+0.160%	$66K	$141K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005131	−0.016%	$100.3M	$347.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005136	+0.082%	$170.7M	$76.4M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000005133	+0.027%	$26.3M	$64.0M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005091	−0.804%	$688K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005091	−0.804%	$31K	$451K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005140	+0.152%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005147	+0.290%	$589K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0180%	8h	0.000005141	+0.175%	$46.8M	$175.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005141	+0.187%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	−1.711%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0336%	8h	0.000005132	long leg	$34K	$24K	20x
OKX PEPE-USDT-SWAP	+0.0368%	8h	0.000005133	+0.023%	$46.8M	$609.9M	50x	as long as short
BloFin PEPE-USDT	+0.0488%	8h	0.000005096	−0.698%	$4.3M	$25.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0566%	8h	0.000005123	−0.175%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0642%	8h	0.000005138	+0.123%	—	$2.3M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005136	+0.082%	$973K	$32.4M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0677% / S −0.0932%	1h	0.000005000	−2.568%	$46K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0696%	1h	0.000005124	−0.152%	$145K	—	3x	as long as short
MEXC PEPE_USDT	+0.0701%	8h	0.000005136	+0.072%	$94.8M	$288.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0702%	8h	0.000005139	+0.140%	$145.7M	$1.23B	75x	as long as short
Extended 1000PEPE-USD	+0.0704%	1h	0.000005139	+0.144%	$544K	$226K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0759%	1h	0.000005133	+0.023%	$2K	$12K	10x	as long as short
Nado kPEPE-PERP	+0.0768%	1h	0.000005142	+0.207%	$202K	$881K	10x	as long as short
Aster 1000PEPEUSDT	+0.0795%	8h	0.000005135	+0.054%	$1.8M	$9.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0818%	8h	0.000005141	+0.187%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0824%	1h	0.000005099	−0.639%	$101K	$743K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0921%	1h	0.000005130	−0.035%	$72K	$124K	25x	as long as short
Lighter 1000PEPE	+0.0936%	1h	0.000005141	+0.179%	$583K	$8.2M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0981%	1h	0.000005135	+0.060%	$101K	$657K	15x	as long as short
01 Exchange kPEPEUSD	+0.1080%	1h	0.000005158	+0.511%	$622	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1269%	1h	0.000005131	−0.022%	$4.5M	$15.5M	50x	as long as short
Hyperliquid kPEPE	+0.1503%	1h	0.000005144	+0.238%	$55.2M	$140.5M	10x	as long as short