PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h −0.022%

Price spread now: Coinbase International against GMX+19.900%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 Coinbase International

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 19.900% dearer against GMX than usual: you sell high and buy low: +$1,990 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0328% / S −0.0354%	pay 0.0041% / 1h	9m 37s	$43K	—	100x
Short	Coinbase International 1000PEPE-PERP-INTX	0.000004796	0.0448	get 0.0056% / 1h	9m 37s	$582K	$25.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +19.900%Rate

Funding earned: $25.14
Price spread: +19.900% → 0.000%: $1,990
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1,993.14
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	3.13 bp	10.6 bp −$11	14.1 bp −$141	49.9 bp −$4,993	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	0.000004789	+19.714%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004789	+19.737%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004793	+19.825%	$668K	$6.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004789	+19.725%	$62.9M	$83.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004792	+19.800%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004789	+19.725%	$87.0M	$283.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004789	+19.725%	$150.5M	$63.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004790	+19.755%	$24.7M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004794	+19.846%	$543K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004796	+19.893%	$28K	$344K	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	0.000004796	+19.888%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004796	+19.900%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004792	+19.805%	$540K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0110%	8h	0.000004789	+19.732%	$42.1M	$148.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004789	+19.721%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004790	+19.750%	$41.4M	$491.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0268%	8h	0.000004793	+19.837%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.0328% / S −0.0354%	1h	0.000004000	long leg	$43K	—	100x
BloFin PEPE-USDT	+0.0338%	8h	0.000004795	+19.875%	$3.9M	$22.1M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0342%	8h	0.000004794	+19.842%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0400%	1h	0.000004794	+19.850%	$549	$2K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0447%	1h	0.000004792	+19.800%	$101K	$763K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTXshort	+0.0448%	1h	0.000004796	+19.900%	$582K	$25.5M	50x
Orderly PERP_1000PEPE_USDC	+0.0450%	8h	0.000004794	+19.850%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0544%	1h	0.000004794	+19.847%	$91K	$615K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0585%	1h	0.000004794	+19.850%	$81K	$94K	25x	as long as short
BingX 1000PEPE-USDT	+0.0726%	8h	0.000004792	+19.795%	—	$256.4M	—	as long as short
Binance 1000PEPEUSDT	+0.0745%	8h	0.000004791	+19.768%	$130.3M	$1.04B	75x	as long as short
MEXC PEPE_USDT	+0.0750%	8h	0.000004792	+19.797%	$91.4M	$285.9M	300x	as long as short
Nado kPEPE-PERP	+0.0750%	1h	0.000004791	+19.788%	$184K	$845K	10x	as long as short
Extended 1000PEPE-USD	+0.0752%	1h	0.000004790	+19.753%	$526K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0752%	1h	0.000004795	+19.875%	$136K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0764%	8h	0.000004792	+19.805%	$1.5M	$7.2M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004814	+20.350%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1330%	1h	0.000004795	+19.863%	$3.9M	$13.3M	50x	as long as short