PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0094%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h +0.017%

Price spread now: GMX against Coinbase International−16.597%53s7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 16.597% cheaper against Coinbase International than usual: you would sell low and buy high (−$1,660 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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	Coinbase International 1000PEPE-PERP-INTX	0.000004796	0.0448	pay 0.0056% / 1h	10m 24s	$582K	$25.5M	50x
Short	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0328% / S −0.0354%	get 0.0044% / 1h	10m 24s	$43K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −16.597%Rate

Funding earned: −$19.65
Price spread: −16.597% → 0.000%: −$1,659.72
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,701.36
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	3.13 bp	11.5 bp −$12	16.6 bp −$166	51.2 bp −$5,120	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	0.000004787	−0.181%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004789	−0.136%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004793	−0.063%	$668K	$6.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004784	−0.250%	$62.8M	$83.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004790	−0.125%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004791	−0.111%	$87.0M	$283.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004788	−0.167%	$150.3M	$63.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004788	−0.169%	$24.7M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004782	−0.294%	$541K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004795	−0.016%	$28K	$343K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004801	+0.104%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004795	−0.021%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004794	−0.033%	$540K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0111%	8h	0.000004788	−0.169%	$42.1M	$148.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004788	−0.159%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004790	−0.125%	$41.4M	$491.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0271%	8h	0.000004787	−0.198%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0328% / S −0.0354%	1h	0.000004000	−16.597%	$43K	—	100x
BloFin PEPE-USDT	+0.0338%	8h	0.000004795	−0.021%	$3.9M	$22.1M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0342%	8h	0.000004798	+0.044%	$2.3M	$6.4M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0376%	1h	0.000004796	0.000%	$81K	$94K	25x	as long as short
01 Exchange kPEPEUSD	+0.0408%	1h	0.000004789	−0.146%	$549	$2K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0447%	1h	0.000004792	−0.083%	$101K	$763K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTXlong	+0.0448%	1h	0.000004796	long leg	$582K	$25.5M	50x
Orderly PERP_1000PEPE_USDC	+0.0451%	8h	0.000004797	+0.021%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0544%	1h	0.000004794	−0.046%	$92K	$614K	15x	as long as short
BingX 1000PEPE-USDC	+0.0735%	8h	0.000004791	−0.098%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0750%	8h	0.000004792	−0.075%	$130.4M	$1.04B	75x	as long as short
Extended 1000PEPE-USD	+0.0752%	1h	0.000004790	−0.125%	$526K	$148K	25x	as long as short
Nado kPEPE-PERP	+0.0754%	1h	0.000004792	−0.087%	$184K	$845K	10x	as long as short
MEXC PEPE_USDT	+0.0754%	8h	0.000004790	−0.117%	$91.4M	$285.8M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0760%	1h	0.000004801	+0.104%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0764%	8h	0.000004791	−0.104%	$1.5M	$7.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004814	+0.375%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1331%	1h	0.000004793	−0.055%	$3.9M	$13.3M	50x	as long as short