PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0287%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.003%

Price spread now: Aevo against Deribit+0.019%7-day average +0.004% · you sell dearer than you buy

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

Long on Deribit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.019%, 7d avg +0.004%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 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	Deribit 1000PEPE_USDC-PERPETUAL	0.000005248	0.0513	pay 0.0064% / 1h	26m 28s	$75K	$126K	25x
Short	Aevo 1000PEPE-PERP	0.000005249	0.0800	get 0.0100% / 1h	26m 28s	$148K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now +0.019%Rate

Funding earned: $60.32
Price spread: +0.019% → +0.004%: $1.53
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: $38.84
Costs to cover: 0.230%
Break-even: 2.5 days

Slippage unknown: Deribit: live order book, 57 min ago; Aevo: live order book, 27 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 Deribit live order book, 57 min ago	5.83 bp	9.3 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 27 min ago	1010.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	0.000005214	−0.657%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005243	−0.095%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+1.505%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005224	−0.457%	$66K	$162K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005205	−0.819%	$105.6M	$379.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005210	−0.724%	$173.0M	$88.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005219	−0.558%	$26.1M	$68.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005312	+1.211%	$747K	$5.1M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005285	+0.699%	$29K	$532K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005253	+0.099%	$2K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005249	+0.015%	$595K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005216	−0.605%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0295%	8h	0.000005214	−0.655%	$50.6M	$190.4M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0392%	8h	0.000005251	+0.055%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0434%	8h	0.000005213	−0.667%	$50.4M	$672.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0434%	8h	0.000005209	−0.746%	$6K	—	20x	as long as short
SoDEX 1000PEPE-USD	+0.0474%	1h	0.000005248	0.000%	$2K	$10K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.0513%	1h	0.000005248	long leg	$75K	$126K	25x
BloFin PEPE-USDT	+0.0562%	8h	0.000005243	−0.095%	$4.9M	$28.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0636%	8h	0.000005248	−0.010%	$2.5M	$7.5M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005250	+0.038%	$705K	$36.4M	50x	as long as short
BingX 1000PEPE-USDC	+0.0763%	8h	0.000005208	−0.772%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0800%	8h	0.000005209	−0.750%	$151.7M	$1.33B	75x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005210	−0.725%	$553K	$231K	25x	as long as short
Aevo 1000PEPE-PERPshort	+0.0800%	1h	0.000005249	+0.019%	$148K	—	3x
MEXC PEPE_USDT	+0.0802%	8h	0.000005220	−0.539%	$102.4M	$295.4M	300x	as long as short
Nado kPEPE-PERP	+0.0903%	1h	0.000005211	−0.711%	$187K	$916K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0904%	1h	0.000005308	+1.143%	$163K	$808K	25x	as long as short
Aster 1000PEPEUSDT	+0.0912%	8h	0.000005211	−0.707%	$1.8M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0950% / S −0.1894%	1h	0.000005000	−4.726%	$65K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.1008%	1h	0.000005210	−0.724%	$628	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1176%	1h	0.000005237	−0.212%	$68K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1272%	1h	0.000005247	−0.019%	$675K	$8.7M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1557%	1h	0.000005246	−0.046%	$4.8M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1591%	1h	0.000005217	−0.591%	$56.8M	$145.6M	10x	as long as short