PEPE

Alert

Funding spread now, next payment 15:00 UTC+0.0687%/8h

paid, last 24h+0.019%paid, last 7 days+0.136%to open and close $10k−$55

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% 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	0.000004430	−0.0015	get 0.0015% / 8h	1h 28m	$2.2M	$5.2M	50x
Short	Lighter 1000PEPE	0.000004451	0.0672	get 0.0084% / 1h	28m 18s	$891K	$2.7M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee LighterbpOrdersRate

Funding earned: $144.27
Slippage, 4 orders: −$43.26
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $89
Break-even: 2.7 days

Slippage from Phemex: live order book, 2 min ago; Lighter: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.467%
Avg gap 7d: −0.001%

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, 2 min ago	6.21 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	4.53 bp	8.4 bp −$8	18.9 bp −$189	54.2 bp −$5,419	doesn't fit

PEPE on 34 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	−0.0104%	1h	$16K	$39K	12x	as long as short
Phemex u1000PEPEUSDTlong	−0.0015%	8h	$2.2M	$5.2M	50x
dYdX PEPE-USD	0.0000%	1h	$16K	$908	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	$37K	$63K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0002%	1h	$4K	—	150x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0062%	8h	$27K	$3K	20x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$125K	—	3x	as long as short
Paradex kPEPE-USD-PERP	+0.0098%	8h	$5K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	$226K	$403K	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	$53K	$35K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance 1000PEPEUSDT	+0.0100%	8h	$99.5M	$459.9M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$74.8M	$114.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$32.3M	$218.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$113.7M	$26.1M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	$112.0M	$207.5M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.0M	$24.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$42.1M	$62.5M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	—	$2.3M	—	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$544K	$1.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$26K	$326K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$105K	$712K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$1.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	$2K	$7K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$483K	$2.2M	75x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$469K	$207K	25x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0200%	1h	$636K	$6.8M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0217%	1h	$121K	$189K	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$3.0M	$11.7M	75x	as long as short
Aster 1000PEPEUSDT	+0.0351%	8h	$1.4M	$2.8M	50x	as long as short
Hyperliquid kPEPE	+0.0370%	1h	$50.5M	$35.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0405% / S −0.0617%	1h	$54K	—	100x	as long as short
Kraken Futures PF_PEPEUSD	+0.0525%	1h	$2.8M	$8.3M	50x	as long as short
Lighter 1000PEPEshort	+0.0672%	1h	$891K	$2.7M	10x