PEPE

Alert

Funding spread now, next payment 16:00 UTC+0.0980%/8h

next payment, per $10,000+$1.22paid, last 24h−0.017%paid, last 3 days+0.062%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.062% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.22 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	Reya kPEPERUSDPERP	0.000004761	0.0188	pay 0.0024% / 1h	34m 22s	$7K	—	15x
Short	Lighter 1000PEPE	0.000004748	0.1168	get 0.0146% / 1h	34m 22s	$591K	$4.1M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee LighterbpOrdersRate

Funding earned: $205.75
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $199.75
Break-even: 0.2 days

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 10 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.276%
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 Reya no order-book sample	—	—	—	—	—
Sell Lighter live order book, 10 min ago	4.14 bp	7.0 bp −$7	16.5 bp −$165	44.9 bp −$4,490	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.

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-USDT	+0.0080%	8h	—	$179.9M	—	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	$133K	—	3x	as long as short
Pacifica kPEPE	+0.0100%	1h	$55K	$50K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	$121.2M	$644.5M	75x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$82.2M	$171.9M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$36.8M	$330.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$121.3M	$39.3M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PEPE_USDT	+0.0100%	8h	$104.5M	$232.6M	300x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$20.2M	$29.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$38.9M	$84.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$890K	$2.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$330K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$112K	$734K	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	$545K	$2.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	$2.3M	$5.5M	50x	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	$504K	$223K	25x	as long as short
Reya kPEPERUSDPERPlong	+0.0188%	1h	$7K	—	15x
BloFin PEPE-USDT	+0.0220%	8h	$3.6M	$15.2M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0251%	8h	$5K	$52	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0272% / S −0.0214%	1h	$40K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0272%	1h	$648K	$13.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0474%	1h	$41K	$70K	12x	as long as short
Aster 1000PEPEUSDT	+0.0477%	8h	$1.3M	$3.8M	50x	as long as short
Nado kPEPE-PERP	+0.0481%	1h	$219K	$560K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0892%	1h	$1K	$8K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0933%	1h	$3.2M	$8.7M	50x	as long as short
Lighter 1000PEPEshort	+0.1168%	1h	$591K	$4.1M	10x
Hyperliquid kPEPE	+0.1236%	1h	$56.4M	$45.7M	10x	as long as short
01 Exchange kPEPEUSD	+0.1240%	1h	$546	$1K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1311%	1h	$121K	$316K	15x	as long as short