PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0440%/8h= +48.2% APRnext payment +$0.55 per $10,000 · paid last 24h +0.076%

Price spread now: GMX against dYdX−16.069%7-day average — · you buy dearer than you sell

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

Long on dYdX 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 16.069% cheaper against dYdX than usual: you would sell low and buy high (spread −16.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,607 on $10k: about 4 months of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PEPE-USD	0.000004766	0	get 0.0000% / 1h	58m 48s	$17K	$95	10x
Short	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0400% / S −0.0440%	get 0.0055% / 1h	58m 48s	$43K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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 dYdXbpFee GMXbpOrdersPrice spread, now −16.069%Rate

Funding earned: $92.5
Price spread: −16.069% → 0.000%: −$1,606.92
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,536.43
Costs to cover: 0.220%
Break-even: 123.3 days

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

dYdX 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
Kraken Futures PF_PEPEUSD	−0.0123%	1h	0.000004765	−0.022%	$3.9M	$13.9M	50x	as long as short
Hyperliquid kPEPE	−0.0081%	1h	0.000004775	+0.192%	$68.9M	$100.7M	10x	as long as short
dYdX PEPE-USDlong	0.0000%	1h	0.000004766	long leg	$17K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004759	−0.139%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004766	+0.004%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004779	+0.268%	$87.6M	$295.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004764	−0.038%	$150.7M	$64.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004761	−0.108%	$24.1M	$55.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004781	+0.329%	$42.2M	$151.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004764	−0.041%	$552K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004768	+0.045%	$25K	$352K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004767	+0.024%	$100K	$754K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004774	+0.161%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004766	+0.004%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004768	+0.037%	$539K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0144%	1h	0.000004781	+0.318%	$577K	$6.6M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0144%	1h	0.000004765	−0.026%	$93K	$603K	15x	as long as short
Phemex u1000PEPEUSDT	+0.0153%	8h	0.000004769	+0.071%	$2.3M	$6.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0177%	8h	0.000004767	+0.014%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004764	−0.029%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0189%	8h	0.000004780	+0.297%	$42.6M	$502.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0304%	1h	0.000004767	+0.024%	$546	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0312%	8h	0.000004769	+0.066%	$3.9M	$22.6M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0340%	8h	0.000004764	−0.047%	$29K	$13K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004768	+0.045%	$556K	$25.7M	50x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0400% / S −0.0440%	1h	0.000004000	−16.069%	$43K	—	100x
BingX 1000PEPE-USDC	+0.0540%	8h	0.000004778	+0.247%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0547%	8h	0.000004764	−0.033%	$1.5M	$7.3M	50x	as long as short
Binance 1000PEPEUSDT	+0.0550%	8h	0.000004779	+0.284%	$134.6M	$1.08B	75x	as long as short
Extended 1000PEPE-USD	+0.0552%	1h	0.000004774	+0.175%	$524K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0554%	8h	0.000004773	+0.146%	$90.7M	$279.4M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000004766	+0.004%	$135K	—	3x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004746	−0.416%	$4K	$102K	12x	as long as short
Nado kPEPE-PERP	+0.0742%	1h	0.000004764	−0.033%	$180K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0801%	1h	0.000004764	−0.038%	$77K	$98K	25x	as long as short