PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0313%/8h= −34.3% APRnext payment −$3.13 per $10,000 · paid last 24h −0.017%

Price spread now: Bybit against Orderly+0.064%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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. Bybit is 0.064% dearer against Orderly than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_1000PEPE_USDC	0.000005165	0.0413	pay 0.0413% / 8h	21m 46s	$34K	$26K	20x
Short	Bybit 1000PEPEUSDT	0.000005168	0.0100	get 0.0100% / 8h	21m 46s	$99.6M	$429.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$65.83
Price spread: +0.064% → 0.000%: $6.39
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$76.44
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.97 bp	8.0 bp −$8	10.9 bp −$109	31.0 bp −$3,098	180.5 bp −$90.2K

Orderly: 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	0.000005160	−0.091%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005157	−0.153%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005168	+0.064%	$60K	$183K	10x	as long as short
Bybit 1000PEPEUSDTshort	+0.0100%	8h	0.000005168	+0.064%	$99.6M	$429.6M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000005166	+0.025%	$164.0M	$99.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005155	−0.197%	$614K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005163	−0.029%	$28K	$546K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005168	+0.070%	$2K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005160	−0.101%	$601K	$4.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0120%	8h	0.000005173	+0.163%	$26.9M	$74.0M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX 1000PEPE-USD	+0.0132%	1h	0.000005165	+0.006%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005161	−0.075%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0259%	8h	0.000005170	+0.103%	$46.4M	$219.9M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0306%	1h	0.000005162	−0.052%	$150K	$835K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0364%	8h	0.000005171	+0.122%	$47.8M	$749.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0404%	1h	0.000005153	−0.227%	$8K	$120K	12x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0413%	8h	0.000005165	long leg	$34K	$26K	20x
Paradex kPEPE-USD-PERP	+0.0459%	8h	0.000005160	−0.096%	$6K	—	20x	as long as short
Phemex u1000PEPEUSDT	+0.0476%	8h	0.000005162	−0.058%	$2.4M	$8.1M	50x	as long as short
BloFin PEPE-USDT	+0.0483%	8h	0.000005195	+0.587%	$4.6M	$30.6M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0515%	1h	0.000005163	−0.037%	$79K	$889K	15x	as long as short
Lighter 1000PEPE	+0.0520%	1h	0.000005167	+0.045%	$620K	$9.1M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0544%	1h	0.000005172	+0.141%	$689K	$39.9M	50x	as long as short
BingX 1000PEPE-USDC	+0.0700%	8h	0.000005160	−0.101%	—	$2.3M	—	as long as short
Nado kPEPE-PERP	+0.0700%	1h	0.000005160	−0.100%	$166K	$958K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0711%	1h	0.000005160	−0.088%	$4.8M	$16.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.0712%	1h	0.000005161	−0.072%	$623	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0719%	1h	0.000005164	−0.014%	$74K	$127K	25x	as long as short
Extended 1000PEPE-USD	+0.0720%	1h	0.000005171	+0.123%	$542K	$284K	25x	as long as short
MEXC PEPE_USDT	+0.0722%	8h	0.000005171	+0.126%	$101.4M	$307.9M	300x	as long as short
Aster 1000PEPEUSDT	+0.0723%	8h	0.000005173	+0.159%	$1.8M	$11.9M	50x	as long as short
Binance 1000PEPEUSDT	+0.0724%	8h	0.000005171	+0.116%	$142.4M	$1.50B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0728%	1h	0.000005170	+0.103%	$146K	—	3x	as long as short
Hyperliquid kPEPE	+0.0956%	1h	0.000005174	+0.180%	$54.0M	$159.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1068% / S −0.1502%	1h	0.000005000	−3.189%	$47K	—	100x	as long as short