PEPE funding rates

PEPE perpetual funding across 14 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
18.3%long Extended, short Lighter · net 17.0%
Highest funding now
10.9%Hyperliquid
Lowest funding now
−0.1%RWA Perp
Listed on
14 venues

Funding by venue

7d chartFlagsOpen
HyperliquidkPEPE10.9%6.7%0.7%14.6%−0.3%73%1h—4.214e-06$27.7M$7.5MHyHyperliquid
Aster1000PEPEUSDT10.9%2.8%0.4%11.3%0.0%62%8h08:004.214e-06$667k$359kAsAster
GRVTKPEPE_USDT_Perp10.9%1.2%−3.8%5.9%−4.6%48%8h08:004.213e-06$984k$3.0MGrGRVT
PolymarketKPEPE-USD10.9%−3.8%14.6%11.5%17.7%98%1h04:004.212e-06$152k$1.5MPmPolymarket
BitgetCEXPEPEUSDT10.9%−2.6%−3.0%5.5%−3.1%57%8h08:004.213e-06$30.2M$19.6MBgBitget
GateCEXPEPE_USDT10.9%6.2%−0.7%4.3%−1.9%53%8h08:004.214e-06$100.8M$10.9MGtGate
NadokPEPE-PERP_USDT010.9%11.0%8.5%11.1%8.1%92%1h04:004.214e-06$150k$23kNaNado
Lighter1000PEPE10.5%10.5%9.0%18.6%8.8%96%1h04:004.222e-06$316k$514kLiLighter
Variational1000PEPE4.2%8.3%6.2%7.1%5.9%83%8h—4.197e-06$285k$381kVaVariational
MEXCCEXPEPE_USDT3.1%−3.5%−9.3%2.8%−10.2%38%8h08:004.214e-06$86.4M$87.1MMxMEXC
BinanceCEX1000PEPEUSDT3.0%−5.2%−9.1%2.5%−9.7%36%8h08:004.215e-06$71.5M$152.5MBnBinance
Extended1000PEPE-USD2.6%−4.8%−9.3%3.3%−10.0%35%1h04:004.207e-06$148k$125kExExtended
BybitCEX1000PEPEUSDT0.6%4.9%5.3%5.8%5.4%79%8h08:004.212e-06$52.3M$45.4MByBybit
RWA PerpPERP_1000PEPE_USDC−0.1%−6.3%−5.5%1.2%−5.3%42%8h08:000.00421$25.3M$4kRwRWA Perp

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
MEXCCEXPolymarket7.9%−0.3%23.9%8.6%20.8%31.2%1.8dcooling$152k8h/1hinvite onlyMxPmcalc
ExtendedPolymarket8.3%1.1%23.9%8.1%20.5%30.8%2.0dsteady$148kinvite onlyExPmcalc
BinanceCEXPolymarket8.0%1.4%23.7%9.1%19.0%28.5%2.8dsteady$152k8h/1hinvite onlyBnPmcalc
MEXCCEXLighter7.4%14.0%18.3%15.8%17.2%25.9%0.8dsteady$316k8h/1hMxLicalc
ExtendedLighter7.9%15.3%18.3%15.3%17.0%25.5%1.0dsteady$148kExLicalc
BinanceCEXLighter7.6%15.7%18.1%15.5%15.5%23.2%2.0dsteady$316k8h/1hBnLicalc
MEXCCEXNado7.9%14.4%17.7%8.2%14.9%22.3%2.3dsteady$150k8h/1hMxNacalc
ExtendedNado8.3%15.8%17.8%7.7%14.6%22.0%2.5dsteady$148kExNacalc
MEXCCEXVariational1.1%11.8%15.5%4.3%14.4%21.6%0.9dsteady$285kspread not incl.MxVacalc
ExtendedVariational1.5%13.1%15.5%3.8%14.2%21.3%1.2dsteady$148k1h/8hspread not incl.ExVacalc
GRVTPolymarket0.0%−4.9%18.4%5.5%14.0%21.0%3.4dcooling$152k8h/1hinvite onlyGrPmcalc
BinanceCEXNado8.0%16.1%17.5%8.5%13.1%19.7%3.5dsteady$150k8h/1hBnNacalc
BinanceCEXVariational1.2%13.5%15.3%4.5%12.7%19.0%2.4dsteady$285kspread not incl.BnVacalc
BitgetCEXPolymarket0.0%−1.1%17.6%5.9%12.4%18.6%4.1dcooling$152k8h/1hinvite onlyBgPmcalc
MEXCCEXBybitCEX−2.4%8.3%14.6%3.0%10.7%16.0%3.8dcooling$52.3MMxBycalc
GRVTLighter−0.4%9.3%12.8%12.7%10.5%15.7%2.6dcooling$316k8h/1hGrLicalc
ExtendedBybitCEX−2.0%9.7%14.6%2.5%10.5%15.7%4.0dcooling$148k1h/8hExBycalc
AsterPolymarket0.0%−6.6%14.2%0.1%10.1%15.1%4.1dcooling$152k8h/1hinvite onlyAsPmcalc
HyperliquidPolymarket0.0%−10.5%13.9%−3.2%9.5%14.2%4.5dcooling$152kinvite onlyHyPmcalc
GateCEXPolymarket0.0%−10.0%15.4%7.1%9.4%14.1%5.5dcooling$152k8h/1hinvite onlyGtPmcalc
BinanceCEXBybitCEX−2.3%10.0%14.4%3.4%8.9%13.4%5.3dcooling$52.3MBnBycalc
BitgetCEXLighter−0.4%13.1%12.0%13.1%8.9%13.3%3.6dcooling$316k8h/1hBgLicalc
GRVTNado0.0%9.8%12.3%5.1%8.1%12.2%4.8dcooling$150k8h/1hGrNacalc
GRVTVariational−6.8%7.1%10.0%1.1%7.7%11.5%3.3dcooling$285kspread not incl.GrVacalc
MEXCCEXHyperliquid7.9%10.2%10.0%11.8%6.6%9.9%4.7dsteady$27.7M8h/1hMxHycalc
MEXCCEXAster7.9%6.3%9.7%8.5%6.5%9.8%4.5dsteady$667kMxAscalc
BitgetCEXNado0.0%13.6%11.5%5.5%6.5%9.8%6.0dcooling$150k8h/1hBgNacalc
ExtendedHyperliquid8.3%11.6%10.0%11.3%6.4%9.6%5.1dsteady$148kExHycalc
VariationalPolymarket6.8%−12.1%8.4%4.4%6.3%9.5%3.5dcooling$152k8h/1hinvite onlyspread not incl.VaPmcalc
ExtendedAster8.3%7.6%9.7%8.0%6.3%9.5%4.9dsteady$148k1h/8hExAscalc
BitgetCEXVariational−6.8%11.0%9.2%1.6%6.1%9.1%4.8dcooling$285kspread not incl.BgVacalc
GateCEXLighter−0.4%4.3%9.8%14.3%5.8%8.8%5.6dcooling$316k8h/1hGtLicalc
BinanceCEXHyperliquid8.0%11.9%9.8%12.2%4.8%7.3%7.1dsteady$27.7M8h/1hBnHycalc
BinanceCEXAster8.0%8.0%9.5%8.7%4.8%7.2%6.9dsteady$667kBnAscalc
BybitCEXPolymarket10.3%−8.6%9.3%5.7%4.4%6.5%7.4dcooling$152k8h/1hinvite onlyByPmcalc
AsterNado0.0%8.1%8.1%−0.3%4.2%6.3%6.8dcooling$150k8h/1hAsNacalc
GRVTBybitCEX−10.3%3.7%9.1%−0.2%3.9%5.9%8.0dcooling$984kGrBycalc
AsterVariational−6.8%5.5%5.8%−4.3%3.7%5.6%5.0dcooling$285kspread not incl.AsVacalc
MEXCCEXGateCEX7.9%9.7%8.5%1.5%3.6%5.4%8.1dsteady$86.4MMxGtcalc
HyperliquidNado0.0%4.2%7.7%−3.6%3.6%5.3%7.5dcooling$150kHyNacalc
LighterPolymarket0.4%−14.3%5.6%−7.2%3.5%5.3%5.2dcooling$152kinvite onlyLiPmcalc
GateCEXNado0.0%4.7%9.2%6.7%3.5%5.2%8.7dcooling$150k8h/1hGtNacalc
ExtendedGateCEX8.3%11.0%8.6%1.0%3.3%5.0%8.5dsteady$148k1h/8hExGtcalc
AsterLighter−0.4%7.7%8.6%7.3%6.5%9.8%3.4dmixed$316k8h/1hAsLicalc
HyperliquidVariational−6.8%1.6%5.5%−7.5%3.1%4.7%6.0dcooling$285k1h/8hspread not incl.HyVacalc
GateCEXVariational−6.8%2.1%6.9%2.8%3.0%4.6%7.9dcooling$285kspread not incl.GtVacalc
HyperliquidLighter−0.4%3.8%8.3%4.0%5.9%8.9%4.0dmixed$316kHyLicalc
BitgetCEXBybitCEX−10.3%7.5%8.3%0.2%2.3%3.5%10dcooling$30.2MBgBycalc
MEXCCEXBitgetCEX7.9%0.8%6.3%2.7%2.1%3.1%9.3dsteady$30.2MMxBgcalc
MEXCCEXGRVT7.9%4.7%5.5%3.1%2.1%3.1%8.7dsteady$984kMxGrcalc
ExtendedBitgetCEX8.3%2.2%6.3%2.2%1.9%2.8%9.9dsteady$148k1h/8hExBgcalc
ExtendedGRVT8.3%6.0%5.5%2.6%1.8%2.8%9.3dsteady$148k1h/8hExGrcalc
BinanceCEXGateCEX8.0%11.4%8.3%1.6%1.8%2.7%11dsteady$71.5MBnGtcalc
VariationalLighter6.4%2.2%2.8%11.5%2.8%4.2%<0.1dmixed$285k8h/1hspread not incl.VaLicalc
NadoPolymarket0.0%−14.7%6.2%0.4%2.3%3.4%8.9dmixed$150kinvite onlyNaPmcalc
VariationalNado6.8%2.6%2.3%4.0%0.4%0.7%11dweak$150k8h/1hspread not incl.VaNacalc
BybitCEXLighter9.9%5.7%3.7%12.8%0.8%1.2%11dmixed$316k8h/1hByLicalc
BinanceCEXBitgetCEX8.0%2.6%6.1%2.6%0.3%0.5%13dsteady$30.2MBnBgcalc
BinanceCEXGRVT8.0%6.4%5.3%2.7%0.3%0.5%13dsteady$984kBnGrcalc
AsterBybitCEX−10.3%2.0%4.9%−5.6%0.0%0.0%14dcooling$667kAsBycalc
GRVTHyperliquid0.0%5.6%4.5%8.7%−0.1%−0.2%14dweak$984k8h/1hGrHycalc
GRVTAster0.0%1.6%4.2%5.4%−0.2%−0.3%15dweak$667kGrAscalc
HyperliquidBybitCEX−10.3%−1.9%4.6%−8.9%−0.6%−0.9%16dcooling$27.7M1h/8hHyBycalc
GateCEXBybitCEX−10.3%−1.4%6.1%1.4%−0.7%−1.1%16dcooling$52.3MGtBycalc
BybitCEXNado10.3%6.1%3.1%5.3%−1.5%−2.3%21dweak$150k8h/1hByNacalc
BitgetCEXHyperliquid0.0%9.4%3.7%9.1%−1.7%−2.6%20dweak$27.7M8h/1hBgHycalc
BitgetCEXAster0.0%5.5%3.4%5.8%−1.8%−2.7%21dweak$667kBgAscalc
BybitCEXVariational3.5%3.5%0.9%1.3%−2.0%−3.0%46dweak$285kspread not incl.ByVacalc
LighterNado0.4%0.4%−0.5%−7.6%−2.4%−3.6%—weak$150kLiNacalc
NadoLighter−0.4%−0.4%0.5%7.6%−1.3%−1.9%47dmixed$150kNaLicalc
GRVTGateCEX0.0%5.0%3.1%−1.6%−3.2%−4.8%29dweak$984kGrGtcalc
AsterHyperliquid0.0%3.9%0.3%3.3%−4.1%−6.1%181dweak$667k8h/1hAsHycalc
ExtendedMEXCCEX0.4%1.3%0.0%−0.5%−2.3%−3.5%831dmixed$148k1h/8hExMxcalc
GRVTBitgetCEX0.0%−3.8%0.8%−0.4%−4.7%−7.0%95dweak$984kGrBgcalc
BitgetCEXGateCEX0.0%8.9%2.3%−1.2%−4.8%−7.2%43dweak$30.2MBgGtcalc
GateCEXHyperliquid0.0%0.5%1.5%10.3%−4.8%−7.2%59dweak$27.7M8h/1hGtHycalc
GateCEXAster0.0%−3.4%1.1%7.0%−4.9%−7.3%74dweak$667kGtAscalc
MEXCCEXBinanceCEX−0.1%−1.7%0.2%0.0%−3.5%−5.2%266dmixed$71.5MMxBncalc
ExtendedBinanceCEX0.3%−0.4%0.2%−0.6%−3.7%−5.5%236dmixed$148k1h/8hExBncalc
BinanceCEXMEXCCEX0.1%1.7%−0.2%0.0%−3.8%−5.8%—mixed$71.5MBnMxcalc
VariationalHyperliquid6.8%−1.6%−5.5%7.5%−7.8%−11.7%—mixed$285k8h/1hspread not incl.VaHycalc
VariationalAster6.8%−5.5%−5.8%4.3%−7.9%−11.9%—mixed$285kspread not incl.VaAscalc
BybitCEXHyperliquid10.3%1.9%−4.6%8.9%−9.8%−14.7%—mixed$27.7M8h/1hByHycalc
BybitCEXAster10.3%−2.0%−4.9%5.6%−9.9%−14.8%—mixed$667kByAscalc
LighterHyperliquid0.4%−3.8%−8.3%−4.0%−10.6%−15.9%—mixed$316kLiHycalc
LighterAster0.4%−7.7%−8.6%−7.3%−10.7%−16.1%—mixed$316k1h/8hLiAscalc
VariationalGateCEX6.8%−2.1%−6.9%−2.8%−10.9%−16.3%—mixed$285kspread not incl.VaGtcalc
VariationalBitgetCEX6.8%−11.0%−9.2%−1.6%−12.3%−18.5%—mixed$285kspread not incl.VaBgcalc
VariationalGRVT6.8%−7.1%−10.0%−1.1%−12.4%−18.5%—mixed$285kspread not incl.VaGrcalc
BybitCEXGateCEX10.3%1.4%−6.1%−1.4%−12.8%−19.3%—mixed$52.3MByGtcalc
LighterGateCEX0.4%−4.3%−9.8%−14.3%−13.7%−20.5%—mixed$316k1h/8hLiGtcalc
BybitCEXBitgetCEX10.3%−7.5%−8.3%−0.2%−14.3%−21.5%—mixed$30.2MByBgcalc
BybitCEXGRVT10.3%−3.7%−9.1%0.2%−14.3%−21.5%—mixed$984kByGrcalc
LighterBitgetCEX0.4%−13.1%−12.0%−13.1%−15.2%−22.7%—mixed$316k1h/8hLiBgcalc
LighterGRVT0.4%−9.3%−12.8%−12.7%−15.2%−22.8%—mixed$316k1h/8hLiGrcalc
BybitCEXMEXCCEX2.4%−8.3%−14.6%−3.0%−18.5%−27.7%—mixed$52.3MByMxcalc
BybitCEXExtended2.0%−9.7%−14.6%−2.5%−18.8%−28.2%—mixed$148k8h/1hByExcalc
BybitCEXBinanceCEX2.3%−10.0%−14.4%−3.4%−19.9%−29.8%—mixed$52.3MByBncalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:10 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

No two venues give a usable spread right now.

PEPE: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →MEXC0.0000042138
MEXC0.0000042138—
All quotes (14)
VenueBidAskQualityAgeVol 24hFlags
MEXCCEX0.00000421380.0000042138mark7m$87.1Mno FX
Aster0.000004213590.00000421359mark11m$359kstaleno FX
BinanceCEX0.000004215350.00000421535mark11m$152.5Mstaleno FX
BitgetCEX0.00000421280.0000042128mark11m$19.6Mstaleno FX
BybitCEX0.0000042120.000004212mark11m$45.4Mstaleno FX
Extended0.000004207420.00000420742mark11m$125kstale
GateCEX0.0000042140.000004214mark11m$10.9Mstaleno FX
GRVT0.00000421310.0000042131mark11m$3.0Mstaleno FX
Hyperliquid0.0000042140.000004214mark11m$7.5Mstale
Lighter0.0000042220.000004222mark11m$514kstale
Nado0.000004213760.00000421376mark11m$23kstaleno FX
Polymarket0.0000042120.000004212mark11m$1.5Mstale
RWA Perp0.00421040.0042104mark11m$4kstale
Variational0.000004197070.00000419707mark11m$381kstale

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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