PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0824%/8h= −90.2% APRnext payment −$1.03 per $10,000 · paid last 24h −0.005%

Price spread now: Deribit against GMX+0.520%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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. Deribit is 0.520% dearer against GMX than usual: you sell high and buy low (spread +0.520% now, against zero (this spread has no 7-day history yet)): +$52 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.0972% / S −0.1091%	pay 0.0121% / 1h	14m 45s	$50K	—	100x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000005026	0.0148	get 0.0019% / 1h	14m 45s	$72K	$125K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.520%Rate

Funding earned: −$172.94
Price spread: +0.520% → 0.000%: $52
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$139.94
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 49 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 Deribit live order book, 49 min ago	4.86 bp	10.3 bp −$10	19.5 bp −$195	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
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005023	+0.452%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005033	+0.660%	$57K	$195K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005036	+0.714%	$98.1M	$446.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005034	+0.680%	$160.9M	$102.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005037	+0.735%	$664K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005033	+0.665%	$28K	$567K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005032	+0.650%	$1K	$2.7M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005026	+0.520%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005035	+0.696%	$587K	$4.3M	75x	as long as short
Injective PEPE/USDC PERP	+0.0147%	1h	0.000004965	−0.700%	$6K	$121K	12x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit 1000PEPE_USDC-PERPETUALshort	+0.0148%	1h	0.000005026	+0.520%	$72K	$125K	25x
KuCoin PEPEUSDTM	+0.0156%	8h	0.000005030	+0.602%	$25.6M	$75.8M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0164%	1h	0.000005033	+0.660%	$148K	$843K	25x	as long as short
Bitget PEPEUSDT	+0.0167%	8h	0.000005031	+0.618%	$45.0M	$226.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005023	+0.465%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0310%	8h	0.000005033	+0.660%	$46.2M	$747.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0351%	8h	0.000005034	+0.686%	$6K	—	20x	as long as short
Hyperliquid kPEPE	+0.0357%	1h	0.000005029	+0.580%	$51.9M	$161.7M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0389%	1h	0.000005024	+0.482%	$68K	$955K	15x	as long as short
Phemex u1000PEPEUSDT	+0.0392%	8h	0.000005031	+0.614%	$2.3M	$8.1M	50x	as long as short
BloFin PEPE-USDT	+0.0434%	8h	0.000005025	+0.500%	$4.4M	$30.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0440%	8h	0.000005028	+0.564%	$33K	$30K	20x	as long as short
Lighter 1000PEPE	+0.0448%	1h	0.000005029	+0.580%	$595K	$9.1M	10x	as long as short
01 Exchange kPEPEUSD	+0.0496%	1h	0.000005030	+0.600%	$607	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000005023	+0.460%	$680K	$39.9M	50x	as long as short
BingX 1000PEPE-USDT	+0.0602%	8h	0.000005032	+0.642%	—	$179.4M	—	as long as short
Nado kPEPE-PERP	+0.0619%	1h	0.000005026	+0.525%	$155K	$949K	10x	as long as short
Binance 1000PEPEUSDT	+0.0619%	8h	0.000005033	+0.661%	$133.9M	$1.54B	75x	as long as short
Extended 1000PEPE-USD	+0.0624%	1h	0.000005030	+0.604%	$528K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0624%	1h	0.000005022	+0.440%	$142K	—	3x	as long as short
MEXC PEPE_USDT	+0.0625%	8h	0.000005033	+0.658%	$98.9M	$312.3M	300x	as long as short
Kraken Futures PF_PEPEUSD	+0.0631%	1h	0.000005024	+0.476%	$4.6M	$17.1M	50x	as long as short
Aster 1000PEPEUSDT	+0.0645%	8h	0.000005036	+0.716%	$1.8M	$12.2M	50x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.0972% / S −0.1091%	1h	0.000005000	long leg	$50K	—	100x
dYdX PEPE-USD	+0.3972%	1h	0.000005024	+0.485%	$25K	$12K	10x	as long as short