1000PEPE (1000 PEPE (1000PEPE)) perpetual futures funding rates — also called perpetual swap funding rates — are aggregated live by exchange across 30 venues on ORBIT. Funding is the recurring payment exchanged between long and short traders that keeps a perpetual swap tethered to the spot price — when it is positive, longs pay shorts; when negative, shorts pay longs. Right now 1000PEPE funding ranges from -19.46% annualized on Phemex to +1598.04% on Coinbase International.
The widest cross-exchange funding spread for 1000PEPE is currently 1617.5% APR. A delta-neutral funding trade captures this gap by going long on Phemex — where funding is lowest, so the long leg is paid or pays the least — and short on Coinbase International, where funding is highest, so the short leg collects. Because the two legs are equal and opposite, the asset's price moves cancel out and what is left is the funding spread. ORBIT's backtester replays the real funding history of both legs and subtracts live taker fees and order-book slippage, so the result is net PnL, not a headline number.
1000PEPE ranks #41 by open interest among tracked perpetual assets, total open interest across covered venues is $318.0M, 24h volume is $2.06B, the volume-weighted mark price is $0.0043. Deeper liquidity means a funding spread can be traded at larger size with lower slippage — use the Min OI filter on the screener to surface only markets you can realistically enter and exit.
Frequently asked questions
- Which exchange has the highest 1000PEPE funding rate right now?
- Coinbase International shows the highest 1000PEPE funding at +1598.04% annualized. A high positive rate means shorts get paid, so this is the venue to short 1000PEPE when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.
- Which exchange is best to long 1000PEPE for funding?
- Phemex has the lowest 1000PEPE funding at -19.46% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.
- What is the best 1000PEPE funding-arbitrage pair?
- The widest spread is long Phemex / short Coinbase International at about 1617.5% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.
- How often does 1000PEPE funding settle?
- 1000PEPE funding settles on different schedules by venue (1h, 4h, 8h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.
- Is 1000PEPE funding positive or negative?
- 1000PEPE funding is mixed across venues, ranging -19.46% to +1598.04% APR — which is exactly what creates the cross-exchange arbitrage opportunity.
- What is the current 1000PEPE perpetual swap funding rate?
- The current 1000PEPE perpetual swap funding rate ranges from -19.46% to +1598.04% annualized depending on the exchange — Phemex is lowest and Coinbase International is highest right now. There is no single 1000PEPE funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.
- What is the aggregated 1000PEPE funding rate across exchanges?
- Aggregated across the 30 venues ORBIT tracks, 1000PEPE funding currently spans -19.46% to +1598.04% APR, a spread of 1617.5 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.
- How do I read the 1000PEPE 8h funding rate versus the annualized rate?
- Venues that settle 1000PEPE every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.
Phemex
Coinbase International
