PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0462%/8h= +50.6% APRnext payment +$0.58 per $10,000 · paid last 24h −0.032%

Price spread now: GMX against Hyperliquid−16.019%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on GMX

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

Funding pays, the price is against you. GMX is 16.019% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −16.019% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,602 on $10k: about 4 months of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kPEPE	0.000004763	−0.0126	get 0.0016% / 1h	33m 35s	$65.6M	$92.4M	10x
Short	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0375% / S −0.0335%	get 0.0042% / 1h	33m 35s	$47K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −16.019%Rate

Funding earned: $96.97
Price spread: −16.019% → 0.000%: −$1,601.93
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,525.96
Costs to cover: 0.210%
Break-even: 117.2 days

Slippage unknown: Hyperliquid: live order book, 10 min ago; GMX: no order-book sample. 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 Hyperliquid live order book, 10 min ago	2.08 bp	6.6 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 kPEPElong	−0.0126%	1h	0.000004763	long leg	$65.6M	$92.4M	10x
dYdX PEPE-USD	0.0000%	1h	0.000004767	+0.088%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004760	−0.059%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004764	+0.019%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004769	+0.126%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004768	+0.105%	$85.8M	$289.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004766	+0.063%	$149.6M	$64.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004769	+0.132%	$24.3M	$54.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004776	+0.281%	$42.2M	$150.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004776	+0.272%	$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	+0.398%	$26K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004782	+0.399%	$99K	$760K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004772	+0.183%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004764	+0.021%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004766	+0.057%	$540K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0144%	1h	0.000004772	+0.189%	$601K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0187%	8h	0.000004767	+0.076%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004763	+0.008%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0194%	8h	0.000004762	−0.021%	$2.3M	$6.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0204%	8h	0.000004771	+0.168%	$41.4M	$495.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.0256%	1h	0.000004776	+0.273%	$547	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0328%	8h	0.000004763	0.000%	$3.9M	$22.2M	75x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0375% / S −0.0335%	1h	0.000004000	−16.019%	$47K	—	100x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0380%	1h	0.000004764	+0.021%	$77K	$98K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0398%	8h	0.000004766	+0.055%	$30K	$12K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004765	+0.042%	$573K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004775	+0.252%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0447%	1h	0.000004767	+0.080%	$90K	$601K	15x	as long as short
Binance 1000PEPEUSDT	+0.0629%	8h	0.000004771	+0.166%	$130.6M	$1.06B	75x	as long as short
Extended 1000PEPE-USD	+0.0632%	1h	0.000004776	+0.267%	$524K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0632%	1h	0.000004768	+0.105%	$135K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0632%	8h	0.000004765	+0.043%	$1.5M	$7.3M	50x	as long as short
MEXC PEPE_USDT	+0.0634%	8h	0.000004777	+0.300%	$91.8M	$280.8M	300x	as long as short
BingX 1000PEPE-USDC	+0.0637%	8h	0.000004769	+0.126%	—	$2.3M	—	as long as short
Nado kPEPE-PERP	+0.0734%	1h	0.000004763	0.000%	$182K	$849K	10x	as long as short