Funding you earn now, next payment 23:00 UTC−0.0747%/8h= −81.8% APRnext payment −$0.93 per $10,000 · paid last 24h +0.010%
Price spread now: GMX against Extended−17.512%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
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and GMX is 17.512% cheaper against Extended than usual: you would sell low and buy high (−$1,751 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 | Extended 1000PEPE-USD | 0.000004849 | 0.0840 | pay 0.0105% / 1h | 36m 18s | $535K | $148K | 25x |
| Short | GMX PEPE/USD [ETH-USDC] | 0.000004000 | L +0.0213% / S −0.0093% | get 0.0012% / 1h | 36m 18s | $54K | — | 100x |
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Extended. 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
- −$156.92
- Price spread: −17.512% → 0.000%
- −$1,751.15
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$1,925.07
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 47 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 Extended live order book, 47 min ago | 3.09 bp | 7.6 bp −$8 | 43.9 bp −$439 | 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 | 0.000004852 | +0.062% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004847 | −0.049% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004849 | −0.003% | $608K | $5.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004847 | −0.045% | $62.0M | $78.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004855 | +0.120% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004841 | −0.168% | $87.6M | $279.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004847 | −0.045% | $151.8M | $62.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004849 | −0.012% | $25.0M | $53.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004864 | +0.305% | $583K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004870 | +0.433% | $28K | $343K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004862 | +0.263% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004848 | −0.024% | $2K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004850 | +0.019% | $549K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0156% | 8h | 0.000004849 | −0.001% | $42.7M | $151.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004850 | +0.023% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0204% | 8h | 0.000004844 | −0.106% | $41.8M | $493.6M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC]short | L +0.0213% / S −0.0093% | 1h | 0.000004000 | −17.512% | $54K | — | 100x | |
| BloFin PEPE-USDT | +0.0323% | 8h | 0.000004858 | +0.182% | $3.9M | $22.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0385% | 8h | 0.000004854 | +0.094% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0407% | 8h | 0.000004842 | −0.142% | $2.3M | $6.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0443% | 8h | 0.000004851 | +0.036% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004853 | +0.079% | $616K | $25.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0480% | 1h | 0.000004856 | +0.141% | $556 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0575% | 1h | 0.000004850 | +0.017% | $82K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0619% | 1h | 0.000004855 | +0.131% | $91K | $614K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0728% | 1h | 0.000004852 | +0.059% | $186K | $854K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0808% | 8h | 0.000004851 | +0.038% | — | $256.0M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0832% | 1h | 0.000004855 | +0.120% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0836% | 8h | 0.000004850 | +0.023% | $92.1M | $283.5M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0837% | 8h | 0.000004843 | −0.129% | $130.5M | $1.03B | 75x | as long as short |
| Extended 1000PEPE-USDlong | +0.0840% | 1h | 0.000004849 | long leg | $535K | $148K | 25x | |
| ApeX Omni 1000PEPEUSDT | +0.0841% | 1h | 0.000004868 | +0.388% | $104K | $764K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0865% | 8h | 0.000004850 | +0.017% | $1.5M | $7.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004874 | +0.512% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1316% | 1h | 0.000004845 | −0.079% | $4.0M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD