PEPE

Alert

Funding spread now, next payment 16:00 UTC+0.0828%/8h

paid, last 24h−0.022%paid, last 7 days+0.064%to open and close $10k−$84

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.4% 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	0.000004751	0.0100	pay 0.0100% / 8h	30m 39s	$2.4M	$5.5M	50x
Short	Kraken Futures PF_PEPEUSD	0.000004744	0.0928	get 0.0116% / 1h	30m 39s	$3.2M	$8.7M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee Kraken FuturesbpOrdersRate

Funding earned: $173.97
Slippage, 4 orders: −$61.6
Fee Phemex: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $90.36
Break-even: 3.4 days

Slippage from Phemex: live order book, 5 min ago; Kraken Futures: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.141%
Avg gap 7d: −0.048%

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	6.56 bp	18.9 bp −$19	37.4 bp −$374	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	6.57 bp	16.6 bp −$17	26.7 bp −$267	102.7 bp −$10.3K	doesn't fit

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	$67K	$84K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0004%	1h	$19K	—	150x	as long as short
BingX 1000PEPE-USDC	+0.0080%	8h	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$134K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$55K	$50K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$120.8M	$651.0M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$81.7M	$174.3M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$36.8M	$334.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$125.4M	$40.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PEPE_USDT	+0.0100%	8h	$103.5M	$233.4M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.1M	$30.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$38.8M	$85.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$783K	$2.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$333K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$108K	$737K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$29K	$5K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$1.9M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$546K	$2.7M	75x	as long as short
Phemex u1000PEPEUSDTlong	+0.0100%	8h	$2.4M	$5.5M	50x
Extended 1000PEPE-USD	+0.0104%	1h	$503K	$234K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.6M	$15.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0272% / S −0.0244%	1h	$38K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$684K	$14.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0283%	8h	$5K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0431%	1h	$231K	$567K	10x	as long as short
Injective PEPE/USDC PERP	+0.0474%	1h	$41K	$70K	12x	as long as short
Aster 1000PEPEUSDT	+0.0501%	8h	$1.3M	$3.9M	50x	as long as short
Kraken Futures PF_PEPEUSDshort	+0.0928%	1h	$3.2M	$8.7M	50x
SoDEX 1000PEPE-USD	+0.1028%	1h	$1K	$8K	10x	as long as short
01 Exchange kPEPEUSD	+0.1240%	1h	$546	$1K	10x	as long as short
Hyperliquid kPEPE	+0.1242%	1h	$54.9M	$46.9M	10x	as long as short
Lighter 1000PEPE	+0.1280%	1h	$598K	$4.2M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1286%	1h	$121K	$316K	15x	as long as short