Funding Rates › Funding rate heatmap › PEPE funding rate
Pepe (PEPE) Funding Rate
PEPE funding is a pure memecoin leverage gauge: high attention, high leverage and rapid reversals.
Live cross-venue comparison — 2026-10-20T10:01:25.806Z UTC · 10 venues
As of 2026-10-20 10:01 UTC, PEPE funding ranged from 0.0000% to 0.0100% per 8h across 9 venues (median 0.0096%).
Positive = longs pay shorts (red). Negative = shorts pay longs (green).
Pepe (PEPE) funding summary
Pepe (PEPE) is listed on 10 venues in the latest snapshot (2026-10-20T10:01:25.806Z UTC). 7 of 9 venues positive (longs pay), 0 negative (shorts pay), 2 at zero.
- Venues listing
- 109 used in statistics
- Median 8h rate
- 0.0096%10.5120% APR
- Highest 8h rate
- 0.0100%Hyperliquid · 10.9500% APR
- Lowest 8h rate
- 0.0000%LeverUp (pool) · 0.0000% APR
- Max spread (8h)
- 0.0100%10.9500% APR-equivalent
- Positive / negative
- 7 / 02 at zero
Statistics use one value per venue (the median if a venue lists several contracts), skip closed markets, GMX (pool-skew funding with a separate borrowing fee) and LeverUp markets routed to Hyperliquid (they would double count Hyperliquid). Every row is still shown in the table below.
Pepe (PEPE) funding rates by venue
Every PEPE market in the latest snapshot, highest 8h rate first. Rate per interval is the amount paid at each settlement; 1h, 8h and APR are normalised so venues with different intervals compare directly. See the Hyperliquid funding rates page for core and HIP-3 markets.
| Venue | Venue symbol | Rate / interval | 1h | 8h | APR | Interval | Next funding | Mark price | Market open |
|---|---|---|---|---|---|---|---|---|---|
| GMX | PEPE/USD [ETH-USDC] | 0.0023% | 0.0023% | 0.0181% | 19.8123% | 1h | — | — | open |
| Hyperliquid | kPEPE | 0.0013% | 0.0013% | 0.0100% | 10.9500% | 1h | in 58m | $0.004174 | open |
| Binance | kPEPE | 0.0100% | 0.0013% | 0.0100% | 10.9500% | 8h | in 6h | — | open |
| OKX | PEPE-USDT-SWAP | 0.0100% | 0.0013% | 0.0100% | 10.9500% | 8h | in 14h | — | open |
| Aster | 1000PEPEUSDT | 0.0100% | 0.0013% | 0.0100% | 10.9500% | 8h | in 6h | — | open |
| edgeX | 1000PEPEUSDC | 0.0050% | 0.0013% | 0.0100% | 10.9500% | 4h | — | — | open |
| Lighter | 1000PEPE | 0.0012% | 0.0012% | 0.0096% | 10.5120% | 1h | — | — | open |
| Bybit | kPEPE | 0.0066% | 0.0008% | 0.0066% | 7.2106% | 8h | in 6h | — | open |
| dYdX | PEPE-USD | 0.0000% | 0.0000% | 0.0000% | 0.0000% | 1h | in 58m | $0.000004166 | open |
| Aster | 1000PEPEUSD | 0.0000% | 0.0000% | 0.0000% | 0.0000% | 8h | in 6h | — | open |
| LeverUp (pool) | KPEPE | 0.0000% | 0.0000% | 0.0000% | 0.0000% | 1h | — | — | open |
What does Pepe (PEPE) funding cost?
Worked example for a $10,000 long held for 1 day and 7 days, using each rate from the table above as if it stayed constant (it will not). Funding is charged on notional, not margin.
| Scenario | 8h rate | 1 day | 7 days |
|---|---|---|---|
| Median (9 venues) | 0.0096% | $2.88 paid | $20.16 paid |
| Highest: Hyperliquid | 0.0100% | $3.00 paid | $21.00 paid |
| Lowest: LeverUp (pool) | 0.0000% | $0.00 | $0.00 |
Cross-venue spread idea
In principle a trader could go long where funding is lowest (LeverUp (pool)) and short where it is highest (Hyperliquid) and collect the difference. At the current rates, $10,000 on each side would be a net $3.00 received per day before costs.
Caveat: this is an illustration, not advice. Real results depend on trading fees, price basis between the two contracts, different settlement intervals (a rate can change before you are paid), margin on both venues, liquidation risk on either leg, and funding changing sign. The funding rate arbitrage scanner ranks these gaps across every asset and explains the risks.
Try your own size and hold time in the funding rate calculator with PEPE preselected. To estimate liquidation price and margin for the same position, use the Crypto Leverage Calculator. To compare how much leverage different perp venues offer on volatile coins, see 1000xleverage.com.
Pepe (PEPE) funding history
Rolling hourly summary of the cross-venue 8h rate (median across venues, plus the lowest and highest venue reading in each sample). History is still building (4 hourly samples since 2026-10-20 07:00 UTC), so the 24h and 7d rows cover less than their full window.
| Window | Samples | Avg median 8h | Lowest venue 8h | Highest venue 8h | Avg median APR |
|---|---|---|---|---|---|
| Last 24h | 4 | 0.0098% | 0.0000% | 0.0100% | 10.7310% |
| Last 7d | 4 | 0.0098% | 0.0000% | 0.0100% | 10.7310% |
What drives Pepe (PEPE) funding rates
PEPE is one of the largest memecoins, with no fundamentals beyond community attention and speculation. That makes its perp funding a clean read-out of retail leverage: it rises when traders chase rallies with leveraged longs and falls when sentiment turns or positions are liquidated. Memecoin cycles can produce long stretches of elevated funding followed by abrupt unwinds.
A practical quirk: PEPE trades at a very small unit price, so many venues list a scaled contract such as 1000PEPE or kPEPE, where one contract represents a thousand tokens. This is why the mark price column can differ by orders of magnitude between rows. Funding rates are percentages of notional, so they remain comparable, but compare mark prices only after accounting for the multiplier.
Catalysts are mostly sentiment-based: broad memecoin rallies, exchange listings, large-holder movements and social-media attention. Because those drive leveraged positioning more than carry trades do, expect wider swings and larger cross-venue gaps than for the major coins.
At high leverage, funding takes a large share of margin: the same percentage on notional is a bigger share of a thinly margined position. The worked example shows a fixed notional so you can scale it to your leverage.
Where PEPE is listed
PEPE is listed on most centralised exchanges and on many on-chain venues, usually as a scaled 1000PEPE or kPEPE contract.
LeverUp also lists PEPE: its on-chain pool market charges a funding rate plus a per-side holding fee, so long and short costs differ. Trade PEPE on LeverUp.
What to watch
What to watch: open interest alongside funding, the contract multiplier shown in the venue symbol, and the highest-versus-lowest spread. Extreme readings in memecoins can reverse within hours, so treat them as short-lived.
Pepe (PEPE) funding rate FAQ
What is the current PEPE funding rate?
At 2026-10-20T10:01:25.806Z UTC the median PEPE funding rate across 9 venues is 0.0096% per 8 hours (10.5120% APR), ranging from 0.0000% on LeverUp (pool) to 0.0100% on Hyperliquid. Positive means longs pay shorts.
Why are PEPE mark prices different across venues?
Venues use different contract multipliers such as 1000PEPE or kPEPE; funding is a percentage of notional so it stays comparable.
Why is PEPE funding so volatile?
Memecoin positioning is sentiment-driven and highly leveraged, with little hedging flow to dampen it.
Is high PEPE funding a good short signal?
It shows crowded, costly longs, but memecoin rallies can persist, so it is only one input.