PEPE

Alert

Funding spread now, next payment 17:00 UTC+0.1068%/8h

next payment, per $10,000+$1.33paid, last 24h+0.009%paid, last 5 days+0.073%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 0.073% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.33 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	Pacifica kPEPE	0.000005082	0.0100	pay 0.0013% / 1h	58m 13s	$62K	$68K	10x
Short	Lighter 1000PEPE	0.000005149	0.1168	get 0.0146% / 1h	58m 13s	$661K	$4.4M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee LighterbpOrdersRate

Funding earned: $224.28
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $216.28
Break-even: 0.2 days

Slippage unknown: Pacifica: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.318%
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 Pacifica no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	5.96 bp	7.4 bp −$7	17.4 bp −$174	41.7 bp −$4,175	doesn't fit

Pacifica: 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	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	$3K	—	150x	as long as short
Pacifica kPEPElong	+0.0100%	1h	$62K	$68K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	$90.8M	$204.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$44.2M	$421.0M	50x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$22.1M	$33.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$41.6M	$99.4M	75x	as long as short
BingX 1000PEPE-USDT	+0.0100%	8h	—	$198.7M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$936K	$2.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$29K	$343K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$32K	$8K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$2.2M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$666K	$3.2M	75x	as long as short
MEXC PEPE_USDT	+0.0111%	8h	$119.6M	$246.3M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0112%	1h	$145K	—	3x	as long as short
Extended 1000PEPE-USD	+0.0120%	1h	$549K	$236K	25x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$41K	$58K	12x	as long as short
Binance 1000PEPEUSDT	+0.0124%	8h	$134.9M	$752.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
Gate PEPE_USDT	+0.0218%	8h	$143.5M	$46.7M	75x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.3M	$17.8M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0295% / S −0.0271%	1h	$46K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0301%	1h	$94K	$750K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0434%	8h	$6K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$667K	$18.4M	50x	as long as short
Nado kPEPE-PERP	+0.0707%	1h	$262K	$670K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0723%	1h	$84K	$95K	25x	as long as short
Aster 1000PEPEUSDT	+0.0725%	8h	$1.4M	$4.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0934%	1h	$139K	$404K	15x	as long as short
Lighter 1000PEPEshort	+0.1168%	1h	$661K	$4.4M	10x
01 Exchange kPEPEUSD	+0.1192%	1h	$586	$1K	10x	as long as short
Hyperliquid kPEPE	+0.1422%	1h	$59.5M	$50.8M	10x	as long as short
SoDEX 1000PEPE-USD	+0.1483%	1h	$1K	$8K	10x	as long as short
Phemex u1000PEPEUSDT	+0.2118%	8h	$2.6M	$5.8M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.2285%	1h	$3.5M	$10.0M	50x	as long as short