PEPE

Alert

Funding spread now, next payment 00:00 UTC−0.0394%/8h

next payment, per $10,000−$3.94paid, last 24h−0.007%paid, last 7 days+0.040%to open and close $10k−$46

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.94 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	Phemex u1000PEPEUSDT	0.000004959	0.0494	pay 0.0494% / 8h	6h 45m	$2.5M	$6.0M	50x
Short	OKX PEPE-USDT-SWAP	0.000004949	0.0100	get 0.0100% / 8h	6h 45m	$42.7M	$439.2M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee OKXbpOrdersRate

Funding earned: −$82.78
Slippage, 4 orders: −$23.7
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$128.48
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; OKX: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.204%
Avg gap 7d: −0.055%

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, 4 min ago	2.41 bp	18.0 bp −$18	42.3 bp −$423	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.01 bp	8.2 bp −$8	14.1 bp −$141	47.7 bp −$4,766	doesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	−0.0669%	1h	$40K	$47K	12x	as long as short
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	$64K	$81K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.4M	$224.8M	50x	as long as short
OKX PEPE-USDT-SWAPshort	+0.0100%	8h	$42.7M	$439.2M	50x
Gate PEPE_USDT	+0.0100%	8h	$143.2M	$51.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.6M	$37.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.1M	$115.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$818K	$2.8M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$337K	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	$585K	$3.6M	75x	as long as short
Nado kPEPE-PERP	+0.0113%	1h	$215K	$735K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0130%	8h	$31K	$8K	20x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0190% / S +0.0037%	1h	$67K	—	100x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.1M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0354%	1h	$2K	$8K	10x	as long as short
BingX 1000PEPE-USDT	+0.0451%	8h	—	$235.3M	—	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	$541K	$249K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	$140K	—	3x	as long as short
MEXC PEPE_USDT	+0.0481%	8h	$109.8M	$252.4M	300x	as long as short
Binance 1000PEPEUSDT	+0.0481%	8h	$128.8M	$843.4M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0493%	8h	$6K	$52	20x	as long as short
Phemex u1000PEPEUSDTlong	+0.0494%	8h	$2.5M	$6.0M	50x
Coinbase International 1000PEPE-PERP-INTX	+0.0528%	1h	$636K	$22.1M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0586%	1h	$92K	$754K	25x	as long as short
Hyperliquid kPEPE	+0.0646%	1h	$56.8M	$52.9M	10x	as long as short
01 Exchange kPEPEUSD	+0.0696%	1h	$568	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0841%	1h	$92K	$503K	15x	as long as short
Aster 1000PEPEUSDT	+0.0856%	8h	$1.4M	$5.4M	50x	as long as short
Lighter 1000PEPE	+0.0944%	1h	$629K	$4.5M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0961%	1h	$84K	$96K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.1796%	1h	$3.5M	$9.6M	50x	as long as short