Pepe (PEPE) Funding Rate — Live Perpetual Futures

What is Pepe funding rate?

Pepe is an Ethereum meme coin launched in 2023 that rapidly became one of the highest-volume meme perpetual futures contracts. Its extreme volatility makes funding rates especially dynamic.

Funding rate is the periodic payment exchanged between long and short traders in a Pepe perpetual futures contract. Funding is settled every 8 hours at 00:00, 08:00, and 16:00 UTC. When funding is positive, longs pay shorts. When it is negative, shorts pay longs. The rate is derived from the mark price relative to the index price, plus an interest-rate component.

How to read the data above

The cards above show the current spot price and the funding rate on each of the three major perpetual futures exchanges. Funding rates are quoted as a percentage per 8-hour window. To annualize a rate, multiply by 3 (for daily) and then by 365. A funding rate of +0.01% per 8h is roughly +10.95% APR for the long side.

Trading strategy on Pepe

When Pepe funding is consistently positive above 0.01% per 8h, longs are paying a meaningful premium to stay long — often a sign of crowded positioning that precedes a flush. When funding is consistently negative below -0.01%, shorts are paying longs and a short squeeze becomes more likely. Track these extremes on the funding heatmap.

Cross-exchange funding arbitrage

PEPE funding rates often diverge between Binance, Bybit, and OKX. A trader can go long on the lower-funding venue and short on the higher-funding venue to capture the spread with a delta-neutral position. See live spreads on Top Movers & Arbitrage and learn the mechanics in the arbitrage strategy guide.

Learn more

New to funding? Start with what is a funding rate and negative funding rate meaning. Estimate payments with the funding calculator.