PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0630%/8h= +69.0% APRnext payment +$0.79 per $10,000 · paid last 24h +0.120%

Price spread now: Injective against gTrade (Gains Network)−0.695%55s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Injective

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. Injective is 0.695% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.695% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$69 on $10k: about 3.7 days of funding at the current rate (+$19 a day). The two prices were read 55 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	gTrade (Gains Network) PEPE/USD	0.000004779	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	58m 25s	$14K	—	150x
Short	Injective PEPE/USDC PERP	0.000004746	0.0636	get 0.0079% / 1h	58m 25s	$4K	$102K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee InjectivebpOrdersPrice spread, now −0.695%Rate

Funding earned: $132.27
Price spread: −0.695% → 0.000%: −$69.47
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $52.78
Costs to cover: 0.100%
Break-even: 4.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Injective: live order book, 15 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Injective live order book, 15 min ago	18.02 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.302%	$3.9M	$13.9M	50x	as long as short
Hyperliquid kPEPE	−0.0092%	1h	0.000004775	−0.088%	$69.0M	$100.8M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004777	−0.050%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDlong	L +0.0006% / S −0.0006%	1h	0.000004779	long leg	$14K	—	150x
Pacifica kPEPE	+0.0100%	1h	0.000004779	−0.004%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004777	−0.056%	$87.3M	$296.1M	50x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004774	−0.105%	$24.1M	$55.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004780	+0.017%	$42.2M	$151.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004764	−0.321%	$552K	$4.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004768	−0.234%	$25K	$352K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004767	−0.255%	$100K	$754K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004774	−0.119%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004766	−0.276%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004768	−0.243%	$539K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0144%	1h	0.000004781	+0.038%	$577K	$6.6M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0144%	1h	0.000004765	−0.305%	$93K	$603K	15x	as long as short
Phemex u1000PEPEUSDT	+0.0153%	8h	0.000004769	−0.209%	$2.3M	$6.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0176%	8h	0.000004777	−0.041%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004780	+0.026%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0190%	8h	0.000004782	+0.059%	$42.6M	$502.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.0272%	1h	0.000004781	+0.038%	$548	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0312%	8h	0.000004769	−0.213%	$3.9M	$22.6M	75x	as long as short
Nado kPEPE-PERP	+0.0312%	1h	0.000004781	+0.038%	$181K	$849K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0340%	8h	0.000004764	−0.326%	$29K	$13K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004768	−0.234%	$556K	$25.7M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0401% / S −0.0442%	1h	0.000004000	−16.304%	$43K	—	100x	as long as short
Gate PEPE_USDT	+0.0465%	8h	0.000004777	−0.046%	$151.1M	$64.4M	75x	as long as short
BingX 1000PEPE-USDT	+0.0535%	8h	0.000004784	+0.109%	—	$257.5M	—	as long as short
Aster 1000PEPEUSDT	+0.0542%	8h	0.000004779	−0.010%	$1.5M	$7.3M	50x	as long as short
Binance 1000PEPEUSDT	+0.0544%	8h	0.000004786	+0.151%	$134.8M	$1.08B	75x	as long as short
MEXC PEPE_USDT	+0.0549%	8h	0.000004790	+0.224%	$91.0M	$279.5M	300x	as long as short
Extended 1000PEPE-USD	+0.0552%	1h	0.000004781	+0.034%	$524K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000004766	−0.276%	$135K	—	3x	as long as short
Injective PEPE/USDC PERPshort	+0.0636%	1h	0.000004746	−0.695%	$4K	$102K	12x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0801%	1h	0.000004764	−0.318%	$77K	$98K	25x	as long as short