PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0307%/8h= −33.6% APRnext payment −$3.07 per $10,000 · paid last 24h −0.018%

Price spread now: Gate against Orderly+0.354%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 Gate

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. Gate is 0.354% dearer against Orderly than usual: you sell high and buy low (spread +0.354% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_1000PEPE_USDC	0.000005001	0.0407	pay 0.0407% / 8h	2h 35m	$33K	$26K	20x
Short	Gate PEPE_USDT	0.000005019	0.0100	get 0.0100% / 8h	2h 35m	$162.1M	$93.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.354%Rate

Funding earned: −$64.5
Price spread: +0.354% → 0.000%: $35.39
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.1
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	2.00 bp	15.4 bp −$15	23.3 bp −$233	79.9 bp −$7,992	doesn't fit

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	0.000005021	+0.388%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0001%	1h	0.000005021	+0.402%	$6K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005020	+0.374%	$57K	$177K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005026	+0.488%	$99.0M	$403.2M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000005019	+0.354%	$162.1M	$93.8M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005020	+0.372%	$25.1M	$70.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004997	−0.091%	$599K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005025	+0.479%	$28K	$537K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005006	+0.090%	$1K	$2.6M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005000	−0.036%	$560K	$4.1M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit 1000PEPE_USDC-PERPETUAL	+0.0150%	1h	0.000004996	−0.106%	$71K	$127K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0153%	1h	0.000004997	−0.086%	$2K	$10K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005026	+0.485%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0338%	8h	0.000005025	+0.480%	$45.3M	$209.6M	75x	as long as short
Orderly PERP_1000PEPE_USDClong	+0.0407%	8h	0.000005001	long leg	$33K	$26K	20x
OKX PEPE-USDT-SWAP	+0.0418%	8h	0.000005024	+0.454%	$46.2M	$684.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0535%	8h	0.000005019	+0.347%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0546%	8h	0.000005020	+0.374%	$4.4M	$27.9M	75x	as long as short
01 Exchange kPEPEUSD	+0.0648%	1h	0.000005014	+0.254%	$605	$3K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0650%	8h	0.000005003	+0.036%	$2.4M	$7.9M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0658%	1h	0.000004997	−0.084%	$73K	$830K	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0680%	1h	0.000005014	+0.254%	$637K	$36.8M	50x	as long as short
Lighter 1000PEPE	+0.0704%	1h	0.000005021	+0.394%	$596K	$9.0M	10x	as long as short
Nado kPEPE-PERP	+0.0738%	1h	0.000005025	+0.477%	$166K	$941K	10x	as long as short
BingX 1000PEPE-USDC	+0.0769%	8h	0.000005025	+0.482%	—	$2.3M	—	as long as short
ApeX Omni 1000PEPEUSDT	+0.0775%	1h	0.000005023	+0.434%	$154K	$814K	25x	as long as short
Binance 1000PEPEUSDT	+0.0799%	8h	0.000005026	+0.494%	$141.1M	$1.40B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005004	+0.054%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0804%	8h	0.000005025	+0.474%	$96.7M	$301.0M	300x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000005015	+0.271%	$530K	$277K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0855%	1h	0.000004994	−0.145%	$4.6M	$16.7M	50x	as long as short
Aster 1000PEPEUSDT	+0.0857%	8h	0.000005024	+0.455%	$1.8M	$11.1M	50x	as long as short
Hyperliquid kPEPE	+0.1036%	1h	0.000005029	+0.554%	$53.0M	$151.8M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1097% / S −0.2050%	1h	0.000005000	−0.026%	$64K	—	100x	as long as short
Injective PEPE/USDC PERP	+0.1379%	1h	0.000005034	+0.654%	$3K	$111K	12x	as long as short