PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0506%/8h= −55.4% APRnext payment −$0.63 per $10,000 · paid last 24h +0.027%

Price spread now: Hyperliquid against GMX+19.150%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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 19.150% dearer against GMX than usual: you sell high and buy low (spread +19.150% now, against zero (this spread has no 7-day history yet)): +$1,915 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0376% / S −0.0336%	pay 0.0047% / 1h	33m 14s	$47K	—	100x
Short	Hyperliquid kPEPE	0.000004766	−0.0130	pay 0.0016% / 1h	33m 14s	$65.7M	$92.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +19.150%Rate

Funding earned: −$106.3
Price spread: +19.150% → 0.000%: $1,915
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $1,787.7
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago	2.08 bp	8.6 bp −$9	12.8 bp −$128	20.1 bp −$2,005	32.1 bp −$16.1K

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
Hyperliquid kPEPEshort	−0.0130%	1h	0.000004766	+19.150%	$65.7M	$92.4M	10x
dYdX PEPE-USD	0.0000%	1h	0.000004767	+19.180%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004767	+19.180%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004768	+19.192%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004769	+19.225%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004768	+19.200%	$85.8M	$289.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004769	+19.225%	$149.7M	$64.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004774	+19.340%	$24.3M	$54.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004769	+19.237%	$42.1M	$150.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004776	+19.399%	$585K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004782	+19.548%	$26K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004763	+19.075%	$99K	$760K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004780	+19.505%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004771	+19.275%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004770	+19.247%	$540K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0128%	1h	0.000004769	+19.225%	$600K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0187%	8h	0.000004767	+19.166%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004770	+19.247%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0189%	8h	0.000004763	+19.065%	$2.3M	$6.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0204%	8h	0.000004772	+19.300%	$41.4M	$495.9M	50x	as long as short
01 Exchange kPEPEUSD	+0.0256%	1h	0.000004776	+19.400%	$547	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004770	+19.250%	$3.9M	$22.2M	75x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.0376% / S −0.0336%	1h	0.000004000	long leg	$47K	—	100x
Orderly PERP_1000PEPE_USDC	+0.0396%	8h	0.000004770	+19.255%	$30K	$12K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004773	+19.325%	$574K	$25.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004775	+19.375%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0447%	1h	0.000004767	+19.170%	$90K	$601K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0589%	1h	0.000004771	+19.275%	$77K	$98K	25x	as long as short
BingX 1000PEPE-USDT	+0.0617%	8h	0.000004770	+19.262%	—	$256.8M	—	as long as short
Binance 1000PEPEUSDT	+0.0629%	8h	0.000004771	+19.280%	$130.6M	$1.06B	75x	as long as short
Extended 1000PEPE-USD	+0.0632%	1h	0.000004770	+19.256%	$524K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0632%	1h	0.000004774	+19.350%	$135K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0632%	8h	0.000004775	+19.363%	$1.5M	$7.3M	50x	as long as short
MEXC PEPE_USDT	+0.0634%	8h	0.000004771	+19.263%	$91.5M	$280.8M	300x	as long as short
Nado kPEPE-PERP	+0.0717%	1h	0.000004776	+19.399%	$183K	$849K	10x	as long as short