PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0697%/8h= −76.3% APRnext payment −$0.87 per $10,000 · paid last 24h +0.034%

Price spread now: Lighter against GMX+22.625%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 22.625% dearer against GMX than usual: you sell high and buy low (spread +22.625% now, against zero (this spread has no 7-day history yet)): +$2,263 on $10k if it goes back. Holding the pair costs −$21 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 +0.0793% / S −0.0894%	pay 0.0099% / 1h	30m 54s	$50K	—	100x
Short	Lighter 1000PEPE	0.000004905	0.0096	get 0.0012% / 1h	30m 54s	$598K	$9.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +22.625%Rate

Funding earned: −$146.37
Price spread: +22.625% → 0.000%: $2,262.5
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $2,104.13
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: 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 Lighter live order book, 11 min ago	2.02 bp	9.0 bp −$9	18.0 bp −$180	46.2 bp −$4,625	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 exchanges

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
Kraken Futures PF_PEPEUSD	−0.0374%	1h	0.000004902	+22.553%	$4.5M	$16.0M	50x	as long as short
01 Exchange kPEPEUSD	0.0000%	1h	0.000004888	+22.200%	$590	$2K	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004896	+22.412%	$3K	—	150x	as long as short
Lighter 1000PEPEshort	+0.0096%	1h	0.000004905	+22.625%	$598K	$9.0M	10x
Nado kPEPE-PERP	+0.0100%	1h	0.000004908	+22.688%	$136K	$951K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004903	+22.575%	$49.4M	$155.2M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004902	+22.550%	$56K	$194K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004903	+22.562%	$92.6M	$444.9M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004903	+22.575%	$43.5M	$716.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004901	+22.525%	$149.2M	$103.6M	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004898	+22.455%	$24.2M	$76.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004901	+22.532%	$43.2M	$233.0M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004904	+22.610%	$75K	$996K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004919	+22.981%	$650K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004901	+22.521%	$26K	$572K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004926	+23.150%	$109K	$869K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004915	+22.885%	$1K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004903	+22.575%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004912	+22.798%	$578K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004903	+22.575%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0108%	8h	0.000004905	+22.627%	$5K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0158%	1h	0.000004907	+22.675%	$60K	$119K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004906	+22.658%	$7K	—	15x	as long as short
Extended 1000PEPE-USD	+0.0192%	1h	0.000004900	+22.492%	$512K	$288K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0192%	1h	0.000004900	+22.500%	$139K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0193%	8h	0.000004904	+22.595%	$126.2M	$1.53B	75x	as long as short
MEXC PEPE_USDT	+0.0194%	8h	0.000004901	+22.530%	$97.9M	$297.5M	300x	as long as short
BingX 1000PEPE-USDT	+0.0206%	8h	0.000004903	+22.565%	—	$181.7M	—	as long as short
Aster 1000PEPEUSDT	+0.0207%	8h	0.000004909	+22.713%	$1.7M	$12.6M	50x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004906	+22.650%	$4.2M	$28.4M	75x	as long as short
Injective PEPE/USDC PERP	+0.0284%	1h	0.000004904	+22.600%	$3K	$123K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0312%	8h	0.000004907	+22.685%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004902	+22.550%	$718K	$38.5M	50x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.0793% / S −0.0894%	1h	0.000004000	long leg	$50K	—	100x
dYdX PEPE-USD	+0.3940%	1h	0.000004898	+22.458%	$25K	$18K	10x	as long as short