PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0765%/8h= +83.7% APRnext payment +$0.96 per $10,000 · paid last 24h +0.081%

Price spread now: Backpack against Reya+0.024%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Backpack is 0.024% dearer against Reya than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kPEPERUSDPERP	0.000005013	0.0189	pay 0.0024% / 1h	8m 06s	$8K	—	15x
Short	Backpack kPEPE_USDC_PERP	0.000005014	0.0953	get 0.0119% / 1h	8m 06s	$93K	$632K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee BackpackbpOrdersPrice spread, now +0.024%Rate

Funding earned: $160.55
Price spread: +0.024% → 0.000%: $2.4
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $146.95
Costs to cover: 0.160%
Break-even: 0.6 days

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 56 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 56 min ago	0.89 bp	6.5 bp −$6	21.1 bp −$211	doesn't fit	doesn't fit

Reya: 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: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000005000	−0.262%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005011	−0.050%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005008	−0.104%	$63K	$139K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005009	−0.084%	$97.6M	$341.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005010	−0.064%	$164.5M	$75.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005011	−0.044%	$25.8M	$63.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005020	+0.126%	$681K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005022	+0.170%	$27K	$444K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005026	+0.247%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005014	+0.022%	$571K	$3.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0135%	8h	0.000005012	−0.024%	$45.9M	$173.2M	75x	as long as short
Reya kPEPERUSDPERPlong	+0.0189%	1h	0.000005013	long leg	$8K	—	15x
Orderly PERP_1000PEPE_USDC	+0.0317%	8h	0.000005021	+0.150%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0349%	8h	0.000005014	+0.016%	$45.5M	$586.9M	50x	as long as short
BloFin PEPE-USDT	+0.0467%	8h	0.000005009	−0.084%	$4.3M	$25.0M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0510%	1h	0.000005018	+0.096%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0542%	1h	0.000005020	+0.136%	$99K	$755K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005023	+0.196%	$943K	$31.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0608%	8h	0.000005011	−0.038%	—	$261.2M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0637% / S −0.1023%	1h	0.000005000	−0.263%	$49K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0640%	1h	0.000005018	+0.100%	$530K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000004978	−0.702%	$141K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0643%	8h	0.000005012	−0.020%	$140.4M	$1.21B	75x	as long as short
MEXC PEPE_USDT	+0.0643%	8h	0.000005014	+0.022%	$94.3M	$290.6M	300x	as long as short
Aster 1000PEPEUSDT	+0.0735%	8h	0.000005016	+0.065%	$1.8M	$9.2M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0745%	8h	0.000005018	+0.090%	$2.4M	$7.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0783%	8h	0.000005010	−0.062%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0792%	1h	0.000005011	−0.045%	$185K	$872K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0947%	1h	0.000005020	+0.136%	$71K	$124K	25x	as long as short
Backpack kPEPE_USDC_PERPshort	+0.0953%	1h	0.000005014	+0.024%	$93K	$632K	15x
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005017	+0.076%	$605	$3K	10x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005011	−0.044%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1176%	1h	0.000005016	+0.056%	$663K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1388%	1h	0.000005013	−0.013%	$4.3M	$15.3M	50x	as long as short
Hyperliquid kPEPE	+0.1572%	1h	0.000005020	+0.136%	$53.6M	$139.6M	10x	as long as short