PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0216%/8h= +23.6% APRnext payment +$0.27 per $10,000 · paid last 24h +0.011%

Price spread now: GMX against ApeX Omni−1.283%68s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 1.283% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −1.283% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$128 on $10k: about 20 days of funding at the current rate (+$6 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000PEPEUSDT	0.000005065	0.0321	pay 0.0040% / 1h	23m 46s	$107K	$746K	25x
Short	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.0511% / S −0.0537%	get 0.0067% / 1h	23m 46s	$56K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee GMXbpOrdersPrice spread, now −1.283%Rate

Funding earned: $45.33
Price spread: −1.283% → 0.000%: −$128.33
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$105
Costs to cover: 0.220%
Break-even: 23.2 days

Slippage unknown: ApeX Omni: live order book, 45 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 45 min ago	5.63 bp	13.3 bp −$13	73.3 bp −$733	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PEPE on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000005052	−0.265%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005043	−0.440%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005059	−0.118%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005053	−0.245%	$98.0M	$323.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005056	−0.178%	$161.4M	$70.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005055	−0.195%	$25.2M	$60.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005057	−0.154%	$46.9M	$160.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005092	+0.526%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005086	+0.413%	$34K	$413K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005056	−0.184%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005060	−0.097%	$570K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005053	−0.236%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0231%	8h	0.000005057	−0.158%	$45.1M	$567.9M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0278%	8h	0.000005053	−0.237%	$33K	$23K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0319%	8h	0.000005067	+0.036%	$2.4M	$7.0M	50x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0321%	1h	0.000005065	long leg	$107K	$746K	25x
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005056	−0.178%	$712K	$29.6M	50x	as long as short
BingX 1000PEPE-USDC	+0.0486%	8h	0.000005055	−0.199%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0511% / S −0.0537%	1h	0.000005000	−1.283%	$56K	—	100x
Extended 1000PEPE-USD	+0.0520%	1h	0.000005057	−0.161%	$557K	$199K	25x	as long as short
MEXC PEPE_USDT	+0.0522%	8h	0.000005057	−0.160%	$94.7M	$290.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0523%	8h	0.000005059	−0.124%	$142.9M	$1.17B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	0.000005059	−0.118%	$143K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0542%	1h	0.000005055	−0.197%	$61K	$114K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0552%	8h	0.000005059	−0.118%	$6K	$16	20x	as long as short
SoDEX 1000PEPE-USD	+0.0554%	1h	0.000005056	−0.178%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0618%	8h	0.000005055	−0.197%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0635%	1h	0.000005052	−0.264%	$181K	$881K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0823%	1h	0.000005061	−0.083%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+0.652%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0927%	1h	0.000005063	−0.030%	$101K	$617K	15x	as long as short
01 Exchange kPEPEUSD	+0.0976%	1h	0.000005059	−0.118%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1560%	1h	0.000005068	+0.059%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2211%	1h	0.000005064	−0.020%	$55.9M	$135.8M	10x	as long as short