PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h +0.001%

Price spread now: 01 Exchange against Backpack+0.150%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on 01 Exchange

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—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.150% dearer against Backpack than usual: you sell high and buy low (spread +0.150% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kPEPE_USDC_PERP	0.000004806	0.0591	pay 0.0074% / 1h	25m 47s	$91K	$615K	15x
Short	01 Exchange kPEPEUSD	0.000004813	0.0424	get 0.0053% / 1h	25m 47s	$551	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Backpack. 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 BackpackbpFee 01 ExchangebpOrdersPrice spread, now +0.150%Rate

Funding earned: −$35.03
Price spread: +0.150% → 0.000%: $14.98
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$37.05
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 58 min ago; 01 Exchange: no order-book sample. 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 Backpack live order book, 58 min ago	0.10 bp	13.7 bp −$14	36.5 bp −$365	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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: 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	0.000004803	−0.054%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004804	−0.044%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004806	+0.004%	$599K	$5.7M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004804	−0.037%	$62.7M	$80.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004810	+0.087%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004806	0.000%	$87.1M	$281.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004804	−0.037%	$149.6M	$63.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004806	−0.004%	$24.8M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004818	+0.252%	$574K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004819	+0.273%	$27K	$342K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004813	+0.139%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004806	+0.004%	$3K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004815	+0.200%	$543K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0138%	8h	0.000004804	−0.040%	$42.3M	$151.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004807	+0.023%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0207%	8h	0.000004809	+0.067%	$41.8M	$491.8M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0212% / S −0.0091%	1h	0.000004000	−16.767%	$54K	—	100x	as long as short
BloFin PEPE-USDT	+0.0323%	8h	0.000004823	+0.358%	$3.9M	$22.2M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0335%	8h	0.000004806	+0.008%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0379%	8h	0.000004808	+0.054%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSDshort	+0.0424%	1h	0.000004813	+0.150%	$551	$2K	10x
Orderly PERP_1000PEPE_USDC	+0.0447%	8h	0.000004808	+0.040%	$29K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004806	+0.004%	$597K	$25.6M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0583%	1h	0.000004808	+0.046%	$81K	$94K	25x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.0591%	1h	0.000004806	long leg	$91K	$615K	15x
ApeX Omni 1000PEPEUSDT	+0.0596%	1h	0.000004818	+0.254%	$102K	$763K	25x	as long as short
Nado kPEPE-PERP	+0.0748%	1h	0.000004811	+0.106%	$186K	$853K	10x	as long as short
BingX 1000PEPE-USDC	+0.0780%	8h	0.000004818	+0.243%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0797%	8h	0.000004808	+0.055%	$130.3M	$1.04B	75x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000004807	+0.023%	$529K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004810	+0.087%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0803%	8h	0.000004809	+0.075%	$91.6M	$284.6M	300x	as long as short
Aster 1000PEPEUSDT	+0.0824%	8h	0.000004808	+0.052%	$1.5M	$7.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004833	+0.566%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1327%	1h	0.000004805	−0.006%	$3.9M	$13.3M	50x	as long as short