PEPE

Alert

Funding spread now, next payment 19:00 UTC−0.0976%/8h

next payment, per $10,000−$1.22paid, last 24h−0.056%paid, last 3 days−0.018%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 -0.018% in total (about -2.1% 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	01 Exchange kPEPEUSD	0.000004895	0.0976	pay 0.0122% / 1h	55m 25s	$561	$2K	10x
Short	dYdX PEPE-USD	0.000004867	0	get 0.0000% / 1h	55m 25s	$18K	$95	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee dYdXbpOrdersRate

Funding earned: −$204.96
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$221.96
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.565%
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 01 Exchange no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

01 Exchange and dYdX: 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-USDshort	0.0000%	1h	$18K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S 0.0000%	1h	$10K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	$62K	$88K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$87.0M	$241.0M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$41.5M	$450.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$143.7M	$54.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$22.2M	$39.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$46.9M	$123.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$753K	$2.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	$27K	$324K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	$1K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$569K	$3.6M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0149%	1h	$1K	$8K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0151%	1h	$91K	$752K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0176% / S +0.0026%	1h	$64K	—	100x	as long as short
Backpack kPEPE_USDC_PERP	+0.0178%	1h	$99K	$526K	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0185%	8h	$30K	$8K	20x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.5M	75x	as long as short
Nado kPEPE-PERP	+0.0223%	1h	$196K	$751K	10x	as long as short
Lighter 1000PEPE	+0.0312%	1h	$585K	$4.6M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0365%	1h	$83K	$86K	25x	as long as short
Hyperliquid kPEPE	+0.0410%	1h	$54.7M	$56.3M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0442%	8h	$2.4M	$5.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0459%	8h	$5K	$52	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0512%	1h	$642K	$23.1M	50x	as long as short
BingX 1000PEPE-USDT	+0.0575%	8h	—	$236.5M	—	as long as short
Extended 1000PEPE-USD	+0.0608%	1h	$538K	$126K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0608%	1h	$138K	—	3x	as long as short
MEXC PEPE_USDT	+0.0610%	8h	$122.3M	$263.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0611%	8h	$127.0M	$881.2M	75x	as long as short
Aster 1000PEPEUSDT	+0.0832%	8h	$1.3M	$5.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0921%	1h	$5K	$67K	12x	as long as short
01 Exchange kPEPEUSDlong	+0.0976%	1h	$561	$2K	10x
Kraken Futures PF_PEPEUSD	+0.1119%	1h	$3.5M	$10.2M	50x	as long as short