PEPE

Alert

Funding spread now, next payment 17:00 UTC−0.3085%/8h

paid, last 24h+0.019%paid, last 5 days+0.072%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.072% in total (about 5.3% 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	0.000005091	0.3185	pay 0.3185% / 8h	7h 56m	$2.6M	$5.8M	50x
Short	Pacifica kPEPE	0.000005097	0.0100	get 0.0013% / 1h	56m 22s	$62K	$68K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee PacificabpOrdersRate

Funding earned: −$647.92
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$667.92
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.124%
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, 4 min ago	15.43 bp	49.2 bp −$49	63.3 bp −$633	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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	$19K	$95	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	$83K	$95K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	$3K	—	150x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	$62K	$68K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	$90.6M	$206.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$44.2M	$420.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$142.4M	$47.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$22.0M	$33.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$41.3M	$99.9M	75x	as long as short
BingX 1000PEPE-USDC	+0.0100%	8h	—	$2.3M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni 1000PEPE	+0.0100%	8h	$936K	$2.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$29K	$343K	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$31K	$8K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$2.2M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$661K	$3.3M	75x	as long as short
Aevo 1000PEPE-PERP	+0.0112%	1h	$144K	—	3x	as long as short
Extended 1000PEPE-USD	+0.0120%	1h	$543K	$236K	25x	as long as short
MEXC PEPE_USDT	+0.0123%	8h	$115.9M	$247.5M	300x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$41K	$58K	12x	as long as short
Binance 1000PEPEUSDT	+0.0138%	8h	$134.0M	$760.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.0M	$17.9M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0303% / S −0.0294%	1h	$48K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0324%	1h	$95K	$750K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0439%	8h	$6K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$668K	$18.3M	50x	as long as short
Nado kPEPE-PERP	+0.0549%	1h	$261K	$671K	10x	as long as short
Aster 1000PEPEUSDT	+0.0743%	8h	$1.4M	$4.5M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0964%	1h	$1K	$8K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1123%	1h	$161K	$427K	15x	as long as short
Hyperliquid kPEPE	+0.1124%	1h	$59.3M	$51.2M	10x	as long as short
01 Exchange kPEPEUSD	+0.1216%	1h	$586	$1K	10x	as long as short
Lighter 1000PEPE	+0.1288%	1h	$655K	$4.4M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.2310%	1h	$3.5M	$10.0M	50x	as long as short
Phemex u1000PEPEUSDTlong	+0.3185%	8h	$2.6M	$5.8M	50x