PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0732%/8h= +80.2% APRnext payment +$0.92 per $10,000 · paid last 24h +0.070%

Price spread now: Backpack against Reya−0.111%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Backpack

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Backpack is 0.111% cheaper against Reya than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 12 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kPEPERUSDPERP	0.000005032	0.0189	pay 0.0024% / 1h	43m 04s	$8K	—	15x
Short	Backpack kPEPE_USDC_PERP	0.000005027	0.0921	get 0.0115% / 1h	43m 04s	$101K	$625K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now −0.111%Rate

Funding earned: $153.73
Price spread: −0.111% → 0.000%: −$11.06
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $126.68
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 26 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 26 min ago	4.93 bp	11.8 bp −$12	27.1 bp −$271	doesn't fit	doesn't fit

Reya: 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	0.000005019	−0.263%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005030	−0.041%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005031	−0.029%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005006	−0.530%	$96.8M	$320.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005030	−0.049%	$159.9M	$69.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005033	+0.015%	$25.1M	$59.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005023	−0.184%	$44.6M	$158.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005015	−0.353%	$559K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005028	−0.090%	$46K	$388K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005042	+0.182%	$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	0.000005028	−0.083%	$565K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005034	+0.023%	$2.4M	$6.8M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0158%	1h	0.000005031	−0.029%	$107K	$752K	25x	as long as short
Reya kPEPERUSDPERPlong	+0.0189%	1h	0.000005032	long leg	$8K	—	15x
OKX PEPE-USDT-SWAP	+0.0208%	8h	0.000005010	−0.446%	$44.5M	$556.5M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0275%	8h	0.000005034	+0.033%	$33K	$23K	20x	as long as short
BloFin PEPE-USDT	+0.0318%	8h	0.000005008	−0.486%	$4.2M	$24.6M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0347%	1h	0.000005030	−0.049%	$61K	$114K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005038	+0.110%	$660K	$28.9M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0438%	8h	0.000005030	−0.043%	$6K	$16	20x	as long as short
BingX 1000PEPE-USDC	+0.0457%	8h	0.000005026	−0.130%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0488%	8h	0.000005035	+0.058%	$95.5M	$288.4M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0488%	1h	0.000005037	+0.090%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0492%	8h	0.000005014	−0.375%	$140.1M	$1.16B	75x	as long as short
Extended 1000PEPE-USD	+0.0496%	1h	0.000005031	−0.027%	$552K	$199K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0506% / S −0.0411%	1h	0.000005000	−0.645%	$63K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0566%	8h	0.000005033	+0.017%	$1.7M	$8.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0566%	1h	0.000005034	+0.031%	$2K	$12K	10x	as long as short
Nado kPEPE-PERP	+0.0620%	1h	0.000005035	+0.047%	$178K	$884K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0828%	1h	0.000005032	−0.010%	$3.9M	$14.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005053	+0.408%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERPshort	+0.0921%	1h	0.000005027	−0.111%	$101K	$625K	15x
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005049	+0.329%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1288%	1h	0.000005040	+0.150%	$657K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2478%	1h	0.000005031	−0.029%	$55.6M	$135.1M	10x	as long as short