PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0145%/8h= +15.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.009%

Price spread now: Backpack against 01 Exchange−0.495%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Backpack is 0.495% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.495% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$50 on $10k: about 11 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000005047	0.0968	pay 0.0121% / 1h	1m 08s	$609	$3K	10x
Short	Backpack kPEPE_USDC_PERP	0.000005022	0.1113	get 0.0139% / 1h	1m 08s	$84K	$766K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against 01 Exchange. 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 01 ExchangebpFee BackpackbpOrdersPrice spread, now −0.495%Rate

Funding earned: $30.42
Price spread: −0.495% → 0.000%: −$49.53
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$36.11
Costs to cover: 0.170%
Break-even: 15.3 days

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 53 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 53 min ago	0.94 bp	6.6 bp −$7	24.4 bp −$244	doesn't fit	doesn't fit

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	0.000005043	−0.078%	$19K	$95	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	0.000005026	−0.416%	$72K	$127K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000005030	−0.339%	$4K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+5.548%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005050	+0.059%	$63K	$164K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005017	−0.594%	$100.5M	$391.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005028	−0.376%	$163.4M	$90.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005024	−0.466%	$25.0M	$69.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005143	+1.894%	$603K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005126	+1.566%	$28K	$537K	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	0.000005032	−0.295%	$2K	$2.6M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005026	−0.414%	$561K	$4.0M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005039	−0.156%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0349%	8h	0.000005023	−0.470%	$48.9M	$194.6M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0411%	8h	0.000005024	−0.456%	$47.2M	$664.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0413%	8h	0.000005034	−0.266%	$34K	$26K	20x	as long as short
SoDEX 1000PEPE-USD	+0.0505%	1h	0.000005028	−0.376%	$2K	$10K	10x	as long as short
BloFin PEPE-USDT	+0.0541%	8h	0.000005032	−0.297%	$4.6M	$27.6M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0558%	8h	0.000005049	+0.049%	$6K	—	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005037	−0.198%	$690K	$35.8M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0722%	8h	0.000005041	−0.123%	$2.4M	$7.7M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0778%	1h	0.000005128	+1.605%	$158K	$810K	25x	as long as short
BingX 1000PEPE-USDT	+0.0789%	8h	0.000005023	−0.481%	—	$236.8M	—	as long as short
Extended 1000PEPE-USD	+0.0824%	1h	0.000005026	−0.412%	$533K	$252K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0824%	1h	0.000005034	−0.258%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0826%	8h	0.000005034	−0.250%	$144.5M	$1.36B	75x	as long as short
MEXC PEPE_USDT	+0.0829%	8h	0.000005026	−0.424%	$96.9M	$299.2M	300x	as long as short
Aster 1000PEPEUSDT	+0.0904%	8h	0.000005036	−0.226%	$1.7M	$10.6M	50x	as long as short
Nado kPEPE-PERP	+0.0931%	1h	0.000005044	−0.054%	$171K	$929K	10x	as long as short
01 Exchange kPEPEUSDlong	+0.0968%	1h	0.000005047	long leg	$609	$3K	10x
GMX PEPE/USD [ETH-USDC]	L +0.1028% / S −0.1618%	1h	0.000005000	−0.931%	$67K	—	100x	as long as short
Lighter 1000PEPE	+0.1080%	1h	0.000005033	−0.277%	$617K	$8.9M	10x	as long as short
Backpack kPEPE_USDC_PERPshort	+0.1113%	1h	0.000005022	−0.495%	$84K	$766K	15x
Hyperliquid kPEPE	+0.1432%	1h	0.000005045	−0.040%	$53.7M	$148.5M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1626%	1h	0.000005021	−0.509%	$4.6M	$16.6M	50x	as long as short