PEPE

Alert

Funding spread now, next payment 18:00 UTC−0.1230%/8h

paid, last 24h+0.002%paid, last 4 days−0.022%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.022% in total (about -2.1% 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	Phemex u1000PEPEUSDT	0.000004918	0.0561	pay 0.0561% / 8h	6h 05m	$2.5M	$5.9M	50x
Short	Injective PEPE/USDC PERP	0.000004949	−0.0669	pay 0.0084% / 1h	5m 40s	$5K	$67K	12x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee InjectivebpOrdersRate

Funding earned: −$258.24
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$270.26
Break-even: never at this rate

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

Price risk

price view

Price gap now: +0.630%
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 Phemex live order book, 5 min ago	10.36 bp	20.1 bp −$20	50.3 bp −$503	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Injective PEPE/USDC PERPshort	−0.0669%	1h	$5K	$67K	12x
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
Pacifica kPEPE	+0.0100%	1h	$62K	$86K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.5M	$237.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.0M	$447.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$142.7M	$54.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$22.2M	$38.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$46.7M	$122.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$764K	$2.8M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$323K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$581K	$3.5M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0174%	8h	$30K	$8K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0180% / S −0.0010%	1h	$61K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0188%	1h	$90K	$751K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Nado kPEPE-PERP	+0.0217%	1h	$203K	$753K	10x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.4M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0328%	1h	$1K	$8K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0475%	8h	$5K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0528%	1h	$641K	$23.1M	50x	as long as short
BingX 1000PEPE-USDT	+0.0550%	8h	—	$235.9M	—	as long as short
Phemex u1000PEPEUSDTlong	+0.0561%	8h	$2.5M	$5.9M	50x
Aevo 1000PEPE-PERP	+0.0576%	1h	$139K	—	3x	as long as short
Extended 1000PEPE-USD	+0.0584%	1h	$539K	$203K	25x	as long as short
MEXC PEPE_USDT	+0.0586%	8h	$130.0M	$270.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0587%	8h	$127.3M	$872.8M	75x	as long as short
Hyperliquid kPEPE	+0.0594%	1h	$55.7M	$55.0M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0671%	1h	$101K	$523K	15x	as long as short
Lighter 1000PEPE	+0.0720%	1h	$600K	$4.6M	10x	as long as short
01 Exchange kPEPEUSD	+0.0736%	1h	$565	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0769%	1h	$83K	$95K	25x	as long as short
Aster 1000PEPEUSDT	+0.0835%	8h	$1.3M	$5.4M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.1815%	1h	$3.6M	$10.0M	50x	as long as short