PEPE

Alert

Funding spread now, next payment 16:00 UTC+0.0920%/8h

paid, last 24h+0.012%paid, last 3 days+0.109%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.109% in total (about 12.0% 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	Paradex kPEPE-USD-PERP	0.000004739	0.0248	pay 0.0248% / 8h	35m 33s	$5K	$52	20x
Short	Lighter 1000PEPE	0.000004765	0.1168	get 0.0146% / 1h	35m 33s	$596K	$4.1M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee LighterbpOrdersRate

Funding earned: $193.21
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $189.21
Break-even: 0.1 days

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.542%
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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 9 min ago	4.14 bp	7.0 bp −$7	16.5 bp −$165	44.9 bp −$4,490	doesn't fit

Paradex: 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	$17K	$95	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	$66K	$83K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0004%	1h	$19K	—	150x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$135K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$55K	$50K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$119.6M	$640.6M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$81.3M	$171.2M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$36.9M	$326.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$121.5M	$38.6M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$103.5M	$231.8M	300x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0100%	8h	$19.9M	$29.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$38.6M	$84.3M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	—	$2.3M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$890K	$2.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$330K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$112K	$734K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$5K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$1.9M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$553K	$2.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	$2.4M	$5.5M	50x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$501K	$221K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.7M	$15.4M	75x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0248%	8h	$5K	$52	20x
GMX PEPE/USD [ETH-USDC]	L +0.0272% / S −0.0201%	1h	$41K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$666K	$13.7M	50x	as long as short
Nado kPEPE-PERP	+0.0415%	1h	$221K	$555K	10x	as long as short
Injective PEPE/USDC PERP	+0.0474%	1h	$41K	$70K	12x	as long as short
Aster 1000PEPEUSDT	+0.0488%	8h	$1.3M	$3.7M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0878%	1h	$1K	$8K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0921%	1h	$3.2M	$8.8M	50x	as long as short
Lighter 1000PEPEshort	+0.1168%	1h	$596K	$4.1M	10x
Hyperliquid kPEPE	+0.1231%	1h	$57.1M	$45.3M	10x	as long as short
01 Exchange kPEPEUSD	+0.1248%	1h	$540	$1K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1355%	1h	$123K	$316K	15x	as long as short