Funding you earn now, next payment 22:00 UTC−0.0495%/8h= −54.2% APRnext payment −$0.62 per $10,000 · paid last 24h +0.047%
Price spread now: GMX against Deribit−16.857%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$15 a day on $10k at the current rate, and GMX is 16.857% cheaper against Deribit than usual: you would sell low and buy high (−$1,686 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004811 | 0.0582 | pay 0.0073% / 1h | 1m 49s | $81K | $94K | 25x |
| Short | GMX PEPE/USD [ETH-USDC] | 0.000004000 | L +0.0215% / S −0.0087% | get 0.0011% / 1h | 1m 49s | $54K | — | 100x |
Deribit 1000PEPE_USDC-PERPETUAL
GMX PEPE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$103.87
- Price spread: −16.857% → 0.000%
- −$1,685.72
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$1,808.59
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Deribit and 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 | 0.000004811 | +0.007% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004805 | −0.114% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004809 | −0.042% | $58.7M | $73.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004818 | +0.145% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004815 | +0.081% | $87.6M | $276.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004807 | −0.083% | $150.3M | $62.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004808 | −0.060% | $24.9M | $53.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004797 | −0.285% | $551K | $3.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004808 | −0.069% | $27K | $342K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004819 | +0.166% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004815 | +0.073% | $553K | $3.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0185% | 8h | 0.000004810 | −0.025% | $42.4M | $151.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004810 | −0.016% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0189% | 8h | 0.000004819 | +0.166% | $41.4M | $486.9M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC]short | L +0.0215% / S −0.0087% | 1h | 0.000004000 | −16.857% | $54K | — | 100x | |
| BloFin PEPE-USDT | +0.0305% | 8h | 0.000004819 | +0.166% | $3.9M | $21.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0427% | 8h | 0.000004814 | +0.056% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004823 | +0.249% | $577K | $25.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0513% | 8h | 0.000004810 | −0.017% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0534% | 8h | 0.000004809 | −0.036% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004823 | +0.249% | $4K | $110K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0582% | 1h | 0.000004811 | long leg | $81K | $94K | 25x | |
| Lighter 1000PEPE | +0.0736% | 1h | 0.000004814 | +0.062% | $571K | $5.3M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0743% | 1h | 0.000004812 | +0.025% | $188K | $848K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0746% | 1h | 0.000004808 | −0.062% | $102K | $764K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0747% | 1h | 0.000004811 | 0.000% | $2K | $9K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0757% | 1h | 0.000004810 | −0.012% | $93K | $624K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0761% | 1h | 0.000004810 | −0.011% | $3.9M | $13.1M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0831% | 8h | 0.000004815 | +0.075% | — | $254.7M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0872% | 1h | 0.000004816 | +0.104% | $136K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0874% | 8h | 0.000004817 | +0.129% | $91.6M | $292.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0880% | 8h | 0.000004819 | +0.157% | $128.8M | $1.02B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0880% | 1h | 0.000004813 | +0.038% | $529K | $147K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0906% | 8h | 0.000004814 | +0.069% | $1.5M | $6.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1168% | 1h | 0.000004821 | +0.208% | $552 | $2K | 10x | as long as short |
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD