PEPE

Alert

Funding spread now, next payment 18:00 UTC−0.0636%/8h

paid, last 24h−0.054%paid, last 3 days−0.154%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 -0.154% in total (about -17.8% 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	01 Exchange kPEPEUSD	0.000005006	0.0736	pay 0.0092% / 1h	22m 33s	$573	$2K	10x
Short	Gate PEPE_USDT	0.000004992	0.0100	get 0.0100% / 8h	6h 22m	$145.5M	$53.3M	75x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee GatebpOrdersRate

Funding earned: −$133.56
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$155.56
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.280%
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 Gate live order book, 3 min ago	2.00 bp	13.5 bp −$14	23.7 bp −$237	80.7 bp −$8,068	doesn't fit

01 Exchange: 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
Injective PEPE/USDC PERP	−0.0669%	1h	$5K	$67K	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	$63K	$84K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	$89.1M	$231.7M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.9M	$450.9M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	$145.5M	$53.3M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	$22.0M	$38.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$47.5M	$118.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$772K	$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	$590K	$3.6M	75x	as long as short
Nado kPEPE-PERP	+0.0152%	1h	$206K	$752K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0157%	8h	$31K	$8K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0184% / S −0.0028%	1h	$60K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$8K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$19.5M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0317%	1h	$93K	$752K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0337%	1h	$2K	$8K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0365%	8h	$2.5M	$5.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0467%	8h	$6K	$52	20x	as long as short
BingX 1000PEPE-USDC	+0.0499%	8h	—	$2.3M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0528%	1h	$660K	$23.0M	50x	as long as short
Hyperliquid kPEPE	+0.0537%	1h	$57.0M	$53.8M	10x	as long as short
Aevo 1000PEPE-PERP	+0.0544%	1h	$142K	—	3x	as long as short
Extended 1000PEPE-USD	+0.0552%	1h	$552K	$282K	25x	as long as short
MEXC PEPE_USDT	+0.0552%	8h	$124.5M	$260.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0553%	8h	$130.1M	$859.7M	75x	as long as short
01 Exchange kPEPEUSDlong	+0.0736%	1h	$573	$2K	10x
Backpack kPEPE_USDC_PERP	+0.0754%	1h	$100K	$517K	15x	as long as short
Lighter 1000PEPE	+0.0808%	1h	$620K	$4.6M	10x	as long as short
Aster 1000PEPEUSDT	+0.0854%	8h	$1.4M	$5.5M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1151%	1h	$85K	$96K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.1779%	1h	$3.6M	$9.8M	50x	as long as short