Funding you earn now, next payment 22:00 UTC+0.0442%/8h= +48.4% APRnext payment +$0.55 per $10,000 · paid last 24h +0.047%
Price spread now: Kraken Futures against GMX+20.472%54s7-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
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 20.472% dearer against GMX than usual: you sell high and buy low: +$2,047 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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 +0.0318% / S −0.0217% | pay 0.0040% / 1h | 10m 22s | $52K | — | 100x |
| Short | Kraken Futures PF_PEPEUSD | 0.000004819 | 0.0760 | get 0.0095% / 1h | 10m 22s | $3.9M | $13.1M | 50x |
GMX PEPE/USD [ETH-USDC]
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $92.75
- Price spread: +20.472% → 0.000%
- $2,047.2
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $2,117.95
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago | 4.68 bp | 9.9 bp −$10 | 13.9 bp −$139 | 88.8 bp −$8,879 | 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 | 0.000004826 | +20.644% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004825 | +20.637% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004835 | +20.875% | $58.5M | $72.5M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004830 | +20.750% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004830 | +20.743% | $87.9M | $275.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004827 | +20.675% | $150.7M | $62.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004833 | +20.828% | $25.0M | $53.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004820 | +20.509% | $577K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004818 | +20.447% | $27K | $342K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004828 | +20.708% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004815 | +20.365% | $554K | $3.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0175% | 8h | 0.000004830 | +20.750% | $41.6M | $487.4M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0183% | 8h | 0.000004827 | +20.683% | $42.6M | $150.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004836 | +20.890% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0287% | 8h | 0.000004831 | +20.775% | $3.9M | $21.9M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC]long | L +0.0318% / S −0.0217% | 1h | 0.000004000 | long leg | $52K | — | 100x | |
| Orderly PERP_1000PEPE_USDC | +0.0416% | 8h | 0.000004831 | +20.775% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004817 | +20.425% | $579K | $25.1M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0502% | 8h | 0.000004834 | +20.857% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0525% | 8h | 0.000004829 | +20.731% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004814 | +20.350% | $4K | $110K | 12x | as long as short |
| Lighter 1000PEPE | +0.0704% | 1h | 0.000004837 | +20.925% | $603K | $5.3M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0706% | 1h | 0.000004834 | +20.845% | $93K | $624K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0731% | 1h | 0.000004836 | +20.896% | $189K | $848K | 10x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0760% | 1h | 0.000004819 | +20.472% | $3.9M | $13.1M | 50x | |
| ApeX Omni 1000PEPEUSDT | +0.0765% | 1h | 0.000004818 | +20.450% | $102K | $761K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0785% | 1h | 0.000004819 | +20.475% | $2K | $9K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0820% | 8h | 0.000004836 | +20.895% | — | $254.7M | — | as long as short |
| Extended 1000PEPE-USD | +0.0864% | 1h | 0.000004827 | +20.666% | $529K | $147K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0865% | 8h | 0.000004837 | +20.925% | $92.2M | $292.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0870% | 8h | 0.000004835 | +20.885% | $128.8M | $1.02B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0872% | 1h | 0.000004829 | +20.725% | $137K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0902% | 8h | 0.000004833 | +20.825% | $1.5M | $6.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0995% | 1h | 0.000004824 | +20.600% | $82K | $94K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1208% | 1h | 0.000004840 | +21.000% | $554 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD