Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h −0.022%
Price spread now: ApeX Omni against GMX+22.500%68s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. ApeX Omni is 22.500% dearer against GMX than usual: you sell high and buy low (spread +22.500% now, against zero (this spread has no 7-day history yet)): +$2,250 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about years. The two prices were read 68 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 | GMX PEPE/USD [ETH-USDC] | 0.000004000 | L +0.0457% / S −0.0681% | pay 0.0057% / 1h | 38m 27s | $46K | — | 100x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000004900 | 0.0437 | get 0.0055% / 1h | 38m 27s | $101K | $754K | 25x |
GMX PEPE/USD [ETH-USDC]
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against GMX. 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
- −$4.26
- Price spread: +22.500% → 0.000%
- $2,250
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $2,223.74
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 35 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 GMX no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 35 min ago | 4.34 bp | 14.1 bp −$14 | 80.1 bp −$801 | doesn't fit | doesn't fit |
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 | −0.0120% | 1h | 0.000004889 | +22.228% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004897 | +22.430% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004902 | +22.540% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004910 | +22.750% | $59.2M | $112.6M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004901 | +22.525% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004903 | +22.575% | $90.0M | $300.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004902 | +22.550% | $156.2M | $65.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004905 | +22.623% | $24.9M | $55.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004904 | +22.598% | $43.0M | $151.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004891 | +22.269% | $572K | $4.3M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004898 | +22.441% | $26K | $351K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004897 | +22.428% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004889 | +22.225% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004905 | +22.617% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004882 | +22.053% | $2.3M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0187% | 8h | 0.000004907 | +22.675% | $43.1M | $518.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004902 | +22.561% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0192% | 8h | 0.000004906 | +22.646% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0192% | 1h | 0.000004900 | +22.500% | $573K | $6.7M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0301% | 8h | 0.000004903 | +22.575% | $30K | $13K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0309% | 8h | 0.000004889 | +22.225% | $4.0M | $23.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004889 | +22.225% | $544K | $26.5M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0424% | 1h | 0.000004902 | +22.539% | $187K | $850K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0437% | 1h | 0.000004900 | +22.500% | $101K | $754K | 25x | |
| 01 Exchange kPEPEUSD | +0.0440% | 1h | 0.000004900 | +22.500% | $1K | $2K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC]long | L +0.0457% / S −0.0681% | 1h | 0.000004000 | long leg | $46K | — | 100x | |
| BingX 1000PEPE-USDT | +0.0496% | 8h | 0.000004904 | +22.595% | — | $256.9M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0509% | 8h | 0.000004903 | +22.566% | $137.4M | $1.09B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0512% | 1h | 0.000004905 | +22.635% | $538K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0512% | 1h | 0.000004908 | +22.700% | $139K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0514% | 8h | 0.000004903 | +22.562% | $96.8M | $282.2M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0531% | 8h | 0.000004909 | +22.733% | $1.5M | $7.5M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0569% | 1h | 0.000004890 | +22.250% | $73K | $103K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0572% | 1h | 0.000004894 | +22.343% | $93K | $600K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004908 | +22.700% | $4K | $102K | 12x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP