PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.18 per $10,000 · paid last 24h +0.010%

Price spread now: Backpack against GMX+22.210%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Backpack

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

The price spread pays, funding is against you. Backpack is 22.210% dearer against GMX than usual: you sell high and buy low (spread +22.210% now, against zero (this spread has no 7-day history yet)): +$2,221 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0312% / S −0.0263%	pay 0.0039% / 1h	55m 09s	$48K	—	100x
Short	Backpack kPEPE_USDC_PERP	0.000004888	0.0172	get 0.0022% / 1h	55m 09s	$97K	$591K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +22.210%Rate

Funding earned: −$29.42
Price spread: +22.210% → 0.000%: $2,221
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $2,169.58
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 33 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 Backpack live order book, 33 min ago	0.10 bp	5.3 bp −$5	17.2 bp −$172	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
dYdX PEPE-USD	0.0000%	1h	0.000004892	+22.299%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004893	+22.317%	$15K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004896	+22.400%	$56.8M	$67.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004897	+22.425%	$58K	$108K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004888	+22.202%	$88.5M	$265.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004888	+22.200%	$42.8M	$484.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004896	+22.400%	$149.4M	$59.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004888	+22.202%	$24.7M	$48.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004889	+22.237%	$719K	$3.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004893	+22.313%	$28K	$335K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004908	+22.700%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004899	+22.475%	$564K	$3.5M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0156%	1h	0.000004894	+22.350%	$2K	$9K	10x	as long as short
Backpack kPEPE_USDC_PERPshort	+0.0172%	1h	0.000004888	+22.210%	$97K	$591K	15x
Bitget PEPEUSDT	+0.0183%	8h	0.000004886	+22.155%	$45.8M	$136.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004898	+22.439%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004893	+22.325%	$4.0M	$21.6M	75x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.0312% / S −0.0263%	1h	0.000004000	long leg	$48K	—	100x
Lighter 1000PEPE	+0.0320%	1h	0.000004892	+22.300%	$587K	$4.9M	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0345%	8h	0.000004898	+22.458%	$31K	$10K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0352%	8h	0.000004899	+22.471%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0431%	8h	0.000004893	+22.320%	$2.4M	$6.2M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004904	+22.600%	$635K	$25.1M	50x	as long as short
01 Exchange kPEPEUSD	+0.0512%	1h	0.000004901	+22.525%	$561	$2K	10x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004902	+22.550%	$4K	$92K	12x	as long as short
Nado kPEPE-PERP	+0.0639%	1h	0.000004898	+22.457%	$193K	$845K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0699%	1h	0.000004891	+22.275%	$101K	$755K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0749%	1h	0.000004891	+22.271%	$3.9M	$12.5M	50x	as long as short
BingX 1000PEPE-USDT	+0.0760%	8h	0.000004884	+22.100%	—	$253.7M	—	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000004893	+22.323%	$537K	$146K	25x	as long as short
MEXC PEPE_USDT	+0.0792%	8h	0.000004885	+22.118%	$114.9M	$280.7M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000004895	+22.375%	$138K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0793%	8h	0.000004893	+22.335%	$131.4M	$987.3M	75x	as long as short
Aster 1000PEPEUSDT	+0.0858%	8h	0.000004897	+22.432%	$1.5M	$6.7M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0976%	1h	0.000004899	+22.475%	$79K	$91K	25x	as long as short