PEPE funding rate live
The open-interest-weighted PEPE funding rate is -0.0094% per 8 hours (≈-10% APR) across 11 perpetual markets, so shorts pay longs. The highest rate is 0.0100% on Aster (1000PEPEUSDT) and the lowest -0.0151% on Hyperliquid (kPEPE), a spread of 0.0251% per 8h (≈27% APR). Funding is positive on 4 and negative on 7 of them, so the exchanges disagree on which side is crowded. These markets hold $239.41M of open interest. Rates are converted to an 8-hour equivalent so exchanges with different funding intervals compare directly. Funding is paid every hour on Hyperliquid and Lighter and every 8 hours on MEXC, Binance, Gate, Bybit, Bitget, KuCoin, Aster and HTX. The next payment is on Hyperliquid (kPEPE) at 03:00 UTC, in 3m, at a predicted -0.00188% for its 1h interval. That is low for PEPE: the latest recorded hourly funding rate (-0.0092% per 8h) is higher than or equal to 13% of hourly readings since 13 Oct UTC (30 days of history), which ranged from -0.2030% to 0.0285%.
In dollars, at today's rates a $1,000 long receives about $0.28 a day at the average rate, and a $1,000 short pays about the same. On Aster (1000PEPEUSDT) the long would pay $0.30 a day; on Hyperliquid (kPEPE) it would receive $0.45 a day. Work out your own size and holding time.
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PEPE funding rate by exchange
8h equivalent · hover a rate for the exact APR| MarketVenue / native contract | Funding 8h | APR | Interval | Next fundingPredicted next payment | Settles in | Who pays | Open interest | OI share | 24h volume | Price | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MEXC PEPE_USDT | -0.0137% | -15% | 8h | -0.0137% -0.0137% predicted 8h interval Shorts pay 2026-11-12 08:00 UTC | 5h 03m | Shorts pay | $137.76M * | — | $73.26M | 0.0000046057 | Trade |
| Binance 1000PEPEUSDT | -0.0144% | -16% | 8h | -0.0144% -0.0144% predicted 8h interval Shorts pay 2026-11-12 08:00 UTC | 5h 03m | Shorts pay | $99.34M | 41.5% | $535.46M | 0.0000045960 | Trade |
| Gate PEPE_USDT | -0.0022% | -2% | 8h | -0.0022% -0.0022% predicted 8h interval Shorts pay 2026-11-12 08:00 UTC | 5h 03m | Shorts pay | $46.01M | 19.2% | $32.12M | 0.0000045980 | Trade |
| Bybit 1000PEPEUSDT | -0.0142% | -16% | 8h | -0.0142% -0.0142% predicted 8h interval Shorts pay 2026-11-12 08:00 UTC | 5h 03m | Shorts pay | $26.17M | 10.9% | $153.78M | 0.0000045940 | Trade |
| Hyperliquid kPEPE | -0.0151% | -17% | 1h | -0.00188% -0.00188% predicted 1h interval Shorts pay 2026-11-12 03:00 UTC | 3m | Shorts pay | $23.62M | 9.9% | $59.68M | 0.0000045960 | Trade |
| Bitget PEPEUSDT | 0.0095% | 10% | 8h | 0.0095% 0.0095% predicted 8h interval Longs pay 2026-11-12 08:00 UTC | 5h 03m | Longs pay | $19.08M | 8.0% | $45.41M | 0.0000045967 | Trade |
| KuCoin PEPEUSDTM | -0.0089% | -10% | 8h | -0.0089% -0.0089% predicted 8h interval Shorts pay 2026-11-12 08:00 UTC | 5h 03m | Shorts pay | $18.73M | 7.8% | $61.91M | 0.0000046034 | Trade |
| Binance 1000PEPEUSDC | -0.0053% | -6% | 8h | -0.0053% -0.0053% predicted 8h interval Shorts pay 2026-11-12 08:00 UTC | 5h 03m | Shorts pay | $5.05M | 2.1% | $34.68M | 0.0000045906 | Trade |
| Aster 1000PEPEUSDT | 0.0100% | 11% | 8h | 0.0100% 0.0100% predicted 8h interval Longs pay 2026-11-12 08:00 UTC | 5h 03m | Longs pay | $585K | 0.2% | $822K | 0.0000046081 | Trade |
| HTX PEPE-USDT | 0.0100% | 11% | 8h | 0.0100% 0.0100% predicted 8h interval Longs pay 2026-11-12 08:00 UTC | 5h 03m | Longs pay | $511K | 0.2% | $3.39M | 0.0000046036 | Trade |
| Lighter 1000PEPE | 0.0096% | 11% | 1h | 0.00120% 0.00120% predicted 1h interval Longs pay 2026-11-12 03:00 UTC | 3m | Longs pay | $309K | 0.1% | $706K | 0.0000046030 | Trade |
Sorted by open interest. Exchanges settle funding every 1, 4 or 8 hours. Funding 8h and APR convert every rate to 8 hours so they compare directly; Next funding is the predicted payment for the market's own interval at its next settlement, which moves with the premium until then. Where an exchange publishes no settlement time (Hyperliquid, Gate), it is the next whole interval on the UTC clock, when those exchanges settle. Trade links go to the exchange and may be referral links. Compare every coin on the funding rates page.
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PEPE daily funding observations
Daily mean of recorded hourly cross-venue funding quotes, OI-weighted within each hour and expressed as an 8h-equivalent rate. These are quote observations, not settled funding payments or realized yield. This differs from the all-market recap’s market-day/mean-OI weighting.
UTC calendar dates from the source read; today is partial and shown so far. Coverage counts finite observed hourly buckets out of 24; missing or conflicting buckets are unavailable.
| Date (UTC) | Mean quote / 8h | Observed hours | Coverage |
|---|---|---|---|
| · so far | -0.0086% | 3 / 24 | Partial |
| -0.0053% | 24 / 24 | Complete | |
| 0.0078% | 24 / 24 | Complete | |
| 0.0091% | 24 / 24 | Complete | |
| 0.0059% | 24 / 24 | Complete | |
| 0.0045% | 24 / 24 | Complete | |
| 0.0161% | 24 / 24 | Complete |
PEPE funding history
From recorded history, hourlyPEPE recorded funding quotes have averaged 0.0061% per 8 hours over the past 7 days (≈7% APR, annualized quote). Recorded hourly quote readings were 85% positive, 15% negative and 0% zero. Over the last 24 hours PEPE funding averaged -0.0067% per 8h, down from 0.0078% the 24 hours before.
PEPE funding rate
OI-weighted, 8hLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
PEPE funding rate by exchange
8h equivalent, per exchangeLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
About the PEPE funding rate
What is the PEPE funding rate?
PEPE perpetual futures never expire, so exchanges keep their price near spot with funding: a periodic payment between longs and shorts. When the perp trades above spot, the rate is positive and longs pay shorts; below spot it turns negative and shorts pay longs. The payment is a percentage of position size, charged every 1, 4 or 8 hours depending on the exchange.
How to read it
Binance and Bybit's default rate when the perp is in line with spot is 0.0100% per 8h (about 11% APR). Well above that means leveraged longs are paying up to hold PEPE; negative means shorts are crowded. The APR column shows what holding a position costs or earns over a year at today's rate. A wide spread between exchanges is what funding arbitrage traders look for.
Why do exchanges show different rates?
Each exchange computes funding from its own order book and premium, so the PEPE rate differs by venue, and intervals differ too. Swolecharts converts every rate to an 8-hour equivalent and weights the headline figure by open interest. Rates update every few seconds from the exchanges' public feeds.
When is the next PEPE funding payment?
The next known PEPE funding payment is on Hyperliquid (kPEPE) at 2026-11-12 03:00 UTC, for its 1h interval, with a predicted payment of -0.00188%. Funding is paid every hour on Hyperliquid and Lighter and every 8 hours on MEXC, Binance, Gate, Bybit, Bitget, KuCoin, Aster and HTX. The predicted payment uses the market’s native interval; the Funding 8h rate is an 8-hour equivalent for comparison. Only traders holding a position at the settlement time pay or receive. The Next funding column is the predicted payment for that interval: the rate the exchange currently shows, which keeps moving with the perp's premium until settlement, so the final figure can differ. The funding history below shows how the PEPE rate has moved.