PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0338%/8h= −37.0% APRnext payment −$0.42 per $10,000 · paid last 24h −0.018%

Price spread now: GMX against Injective−16.823%7-day average — · you buy dearer than you sell

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

Long on Injective 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—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and GMX is 16.823% cheaper against Injective than usual: you would sell low and buy high (−$1,682 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PEPE/USDC PERP	0.000004809	0.0555	pay 0.0069% / 1h	31m 22s	$4K	$92K	12x
Short	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0318% / S −0.0217%	get 0.0027% / 1h	31m 22s	$52K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now −16.823%Rate

Funding earned: −$71.03
Price spread: −16.823% → 0.000%: −$1,682.26
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,765.31
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Injective and 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	0.000004793	−0.338%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004800	−0.198%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004801	−0.166%	$56.9M	$70.2M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004796	−0.270%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004801	−0.162%	$88.7M	$273.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004795	−0.291%	$148.8M	$61.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004801	−0.164%	$23.7M	$52.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004799	−0.201%	$705K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004815	+0.127%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004813	+0.075%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004799	−0.206%	$553K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0133%	8h	0.000004805	−0.083%	$41.3M	$488.3M	50x	as long as short
Bitget PEPEUSDT	+0.0171%	8h	0.000004806	−0.071%	$43.2M	$152.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004803	−0.119%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0245%	8h	0.000004812	+0.062%	$3.9M	$21.7M	75x	as long as short
Lighter 1000PEPE	+0.0312%	1h	0.000004795	−0.291%	$590K	$5.1M	10x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0318% / S −0.0217%	1h	0.000004000	−16.823%	$52K	—	100x
Orderly PERP_1000PEPE_USDC	+0.0380%	8h	0.000004804	−0.110%	$29K	$11K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0389%	8h	0.000004801	−0.162%	$5K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004801	−0.166%	$575K	$25.3M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0471%	8h	0.000004791	−0.378%	$2.3M	$6.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0486%	1h	0.000004791	−0.370%	$95K	$622K	15x	as long as short
Injective PEPE/USDC PERPlong	+0.0555%	1h	0.000004809	long leg	$4K	$92K	12x
Nado kPEPE-PERP	+0.0691%	1h	0.000004798	−0.220%	$179K	$859K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0705%	1h	0.000004805	−0.083%	$2K	$9K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0722%	1h	0.000004816	+0.146%	$100K	$759K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0762%	1h	0.000004804	−0.100%	$3.9M	$13.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0774%	8h	0.000004805	−0.077%	—	$254.9M	—	as long as short
Extended 1000PEPE-USD	+0.0816%	1h	0.000004804	−0.112%	$526K	$147K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000004807	−0.042%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0818%	8h	0.000004805	−0.083%	$90.3M	$289.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0820%	8h	0.000004809	−0.006%	$127.8M	$1.02B	75x	as long as short
Aster 1000PEPEUSDT	+0.0857%	8h	0.000004800	−0.180%	$1.5M	$6.7M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1000%	1h	0.000004805	−0.083%	$81K	$94K	25x	as long as short
01 Exchange kPEPEUSD	+0.1232%	1h	0.000004810	+0.021%	$551	$2K	10x	as long as short