PEPE

Alert

Funding spread now, next payment 17:00 UTC+0.1012%/8h

paid, last 24h+0.043%paid, last 5 days+0.137%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.137% in total (about 10.7% 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	Orderly PERP_1000PEPE_USDC	0.000004934	0.0100	pay 0.0100% / 8h	7h 44m	$30K	$8K	20x
Short	Lighter 1000PEPE	0.000004952	0.1112	get 0.0139% / 1h	44m 32s	$619K	$4.5M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee LighterbpOrdersRate

Funding earned: $212.52
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $206.52
Break-even: 0.2 days

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.369%
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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	7.05 bp	10.4 bp −$10	18.6 bp −$186	52.7 bp −$5,274	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.

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 +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
BingX 1000PEPE-USDT	+0.0080%	8h	—	$204.8M	—	as long as short
Pacifica kPEPE	+0.0100%	1h	$60K	$73K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.7M	$215.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.3M	$419.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$138.3M	$48.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.0M	$35.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$39.6M	$103.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$890K	$2.7M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$345K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$92K	$752K	25x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0100%	8h	$30K	$8K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$635K	$3.3M	75x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$40K	$58K	12x	as long as short
Aevo 1000PEPE-PERP	+0.0184%	1h	$138K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0186% / S −0.0041%	1h	$57K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
MEXC PEPE_USDT	+0.0198%	8h	$109.3M	$253.5M	300x	as long as short
Binance 1000PEPEUSDT	+0.0199%	8h	$129.3M	$794.0M	75x	as long as short
Extended 1000PEPE-USD	+0.0200%	1h	$525K	$237K	25x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$18.2M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$670K	$19.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0485%	8h	$6K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0551%	1h	$230K	$713K	10x	as long as short
Aster 1000PEPEUSDT	+0.0735%	8h	$1.3M	$4.8M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0765%	1h	$80K	$95K	25x	as long as short
Hyperliquid kPEPE	+0.0802%	1h	$57.0M	$52.5M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0853%	1h	$107K	$456K	15x	as long as short
SoDEX 1000PEPE-USD	+0.0919%	1h	$1K	$8K	10x	as long as short
01 Exchange kPEPEUSD	+0.1008%	1h	$564	$1K	10x	as long as short
Lighter 1000PEPEshort	+0.1112%	1h	$619K	$4.5M	10x
Kraken Futures PF_PEPEUSD	+0.2384%	1h	$3.4M	$10.2M	50x	as long as short
Phemex u1000PEPEUSDT	+0.2415%	8h	$2.5M	$5.9M	50x	as long as short