PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.5% APRnext payment +$0.11 per $10,000 · paid last 24h −0.057%

Price spread now: GMX against Backpack−0.916%7-day average — · you buy dearer than you sell

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

Long on Backpack 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 0.916% cheaper against Backpack than usual: you would sell low and buy high (spread −0.916% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$92 on $10k: about 35 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kPEPE_USDC_PERP	0.000005046	0.0954	pay 0.0119% / 1h	53m 19s	$93K	$640K	15x
Short	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.0669% / S −0.1040%	get 0.0130% / 1h	53m 19s	$50K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now −0.916%Rate

Funding earned: $18.13
Price spread: −0.916% → 0.000%: −$91.55
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$95.42
Costs to cover: 0.220%
Break-even: 43.8 days

Slippage unknown: Backpack: live order book, 6 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 Backpack live order book, 6 min ago	0.10 bp	7.3 bp −$7	35.6 bp −$356	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 35 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	0.000005036	−0.200%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005051	+0.099%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005042	−0.083%	$64K	$140K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005055	+0.166%	$98.5M	$343.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005045	−0.024%	$166.6M	$75.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005049	+0.065%	$25.9M	$63.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005057	+0.207%	$679K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005062	+0.312%	$31K	$450K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005048	+0.042%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005042	−0.077%	$574K	$3.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0153%	8h	0.000005059	+0.248%	$46.0M	$173.8M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0166%	1h	0.000005043	−0.063%	$100K	$742K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005050	+0.078%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	−0.044%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0328%	8h	0.000005058	+0.226%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0363%	8h	0.000005059	+0.254%	$45.9M	$594.4M	50x	as long as short
BloFin PEPE-USDT	+0.0479%	8h	0.000005055	+0.174%	$4.3M	$25.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0537%	1h	0.000005058	+0.234%	$2K	$12K	10x	as long as short
BingX 1000PEPE-USDT	+0.0626%	8h	0.000005057	+0.204%	—	$261.5M	—	as long as short
Extended 1000PEPE-USD	+0.0664%	1h	0.000005058	+0.232%	$535K	$226K	25x	as long as short
MEXC PEPE_USDT	+0.0664%	8h	0.000005052	+0.121%	$94.5M	$286.3M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0664%	1h	0.000005049	+0.055%	$143K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0667%	8h	0.000005057	+0.221%	$142.1M	$1.22B	75x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0669% / S −0.1040%	1h	0.000005000	−0.916%	$50K	—	100x
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005041	−0.103%	$954K	$31.7M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0687%	8h	0.000005051	+0.093%	$2.4M	$7.1M	50x	as long as short
Aster 1000PEPEUSDT	+0.0760%	8h	0.000005046	+0.003%	$1.8M	$9.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0802%	8h	0.000005040	−0.113%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0835%	1h	0.000005050	+0.075%	$190K	$874K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0937%	1h	0.000005060	+0.273%	$71K	$124K	25x	as long as short
Backpack kPEPE_USDC_PERPlong	+0.0954%	1h	0.000005046	long leg	$93K	$640K	15x
01 Exchange kPEPEUSD	+0.0976%	1h	0.000005055	+0.174%	$610	$3K	10x	as long as short
Lighter 1000PEPE	+0.1008%	1h	0.000005060	+0.273%	$623K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1288%	1h	0.000005057	+0.218%	$4.4M	$15.4M	50x	as long as short
Hyperliquid kPEPE	+0.1460%	1h	0.000005053	+0.135%	$54.1M	$139.8M	10x	as long as short