PEPE Funding Rate — live across 6 venues

Compared across 6 supported venues · net of estimated fees · updated every few minutes

Live annualized PEPE perpetual funding across all 6 venues Perpia tracks. Right now PEPE funding is positive on 4 and negative on 1, ranging from +10.9% on Gate.io to -12.8% on OKX — a spread of 23.8%. The widest delta-neutral trade is long OKX / short Gate.io at 21.6% net APR.

venues

paying positive

23.8%

funding spread

Best PEPE spread now

21.6%

net APR after fees

Long OKX→Short Gate.io

size depends on live venue depth — see the real cap in the scanner

PEPE funding trend & liquidity

168h of history

23.8%

current gross APR

6.0%

24h average

0.9%

7-day average

$26.3M

pair OI · lower leg

$10.3M

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

PEPE funding rate history

30d · 6h buckets · 7 venues

97.5%0-59.0%

4 Aug3 Sep

PEPE — average across 7 venuesBitgetKuCoinMEXCOKX

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +6.3%. A break in a line means no data was recorded for that stretch, not a zero rate.

PEPE funding rate by venue

11 pairs scanned

Venue	Funding APR	Interval
Gate.io ↗	+10.9%	8h
Bitget ↗	+10.9%	8h
KuCoin ↗	+10.9%	8h
MEXC ↗	+0.1%	8h
GMTrade ↗	+0.0%	1h
OKX ↗	-12.8%	8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the OKX vs Gate.io page.

PEPE arbitrage — 30-day backtest

long OKX · short Gate.io

-2.8%

backtested APR

−$23

historical net P&L on $10,000

0.31%

max drawdown

$10,000$9,977

30 days agostarting capital $10,000today

Over the last 30 days, holding long OKX / short Gate.io would have produced -2.8% APR — versus the 21.6% the live spread implies right now (equity $10,000 → $9,977). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading PEPE backtest…

PEPE funding — FAQ

Is PEPE funding positive right now?

PEPE perpetual funding is positive on 4 of 6 venues Perpia tracks and negative on 1. The highest is +10.9% on Gate.io; the lowest is -12.8% on OKX.

What is the best PEPE funding arbitrage right now?

Go long OKX and short Gate.io for about 21.6% net APR after fees — the widest delta-neutral PEPE spread Perpia currently sees.

Which exchange has the highest PEPE funding rate?

Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How PEPE funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to PEPE

Markets also quoted on both Gate.io and OKX — the same two exchanges you would already have funded for the PEPE trade.

See every spread between them on the Gate.io vs OKX page.

Open the live scanner →All funding rates Funding by exchange How we calculate this