PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0284%/8h= −31.1% APRnext payment −$0.36 per $10,000 · paid last 24h −0.090%

Price spread now: GMX against Kraken Futures−1.151%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 −$9 a day on $10k at the current rate, and GMX is 1.151% cheaper against Kraken Futures than usual: you would sell low and buy high (−$115 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	Kraken Futures PF_PEPEUSD	0.000005058	0.0823	pay 0.0103% / 1h	22m 07s	$4.0M	$14.5M	50x
Short	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.0513% / S −0.0539%	get 0.0067% / 1h	22m 07s	$56K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −1.151%Rate

Funding earned: −$59.68
Price spread: −1.151% → 0.000%: −$115.06
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$196.74
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	6.53 bp	19.7 bp −$20	30.8 bp −$308	89.6 bp −$8,959	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 34 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	0.000005053	−0.112%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005052	−0.129%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005058	−0.004%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005050	−0.164%	$98.1M	$323.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005053	−0.103%	$161.4M	$70.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005058	−0.010%	$25.3M	$60.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005060	+0.032%	$47.0M	$160.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005092	+0.661%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005086	+0.548%	$34K	$413K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005066	+0.152%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005063	+0.091%	$568K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005063	+0.101%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0234%	8h	0.000005049	−0.182%	$45.1M	$567.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0279%	8h	0.000005055	−0.059%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0312%	1h	0.000005063	+0.095%	$106K	$747K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0356%	8h	0.000005059	+0.022%	$2.4M	$7.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005066	+0.154%	$728K	$29.7M	50x	as long as short
BingX 1000PEPE-USDT	+0.0492%	8h	0.000005058	−0.010%	—	$259.0M	—	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0513% / S −0.0539%	1h	0.000005000	−1.151%	$56K	—	100x
Extended 1000PEPE-USD	+0.0520%	1h	0.000005059	+0.014%	$557K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0520%	1h	0.000005094	+0.708%	$144K	—	3x	as long as short
MEXC PEPE_USDT	+0.0523%	8h	0.000005061	+0.057%	$94.7M	$290.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0523%	8h	0.000005056	−0.042%	$142.4M	$1.17B	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0541%	1h	0.000005059	+0.016%	$61K	$114K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0561%	8h	0.000005060	+0.037%	$6K	$16	20x	as long as short
SoDEX 1000PEPE-USD	+0.0564%	1h	0.000005060	+0.036%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0619%	8h	0.000005057	−0.029%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0634%	1h	0.000005061	+0.055%	$182K	$881K	10x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.0823%	1h	0.000005058	long leg	$4.0M	$14.5M	50x
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+0.787%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0933%	1h	0.000005060	+0.036%	$100K	$617K	15x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005061	+0.055%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1592%	1h	0.000005069	+0.214%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2190%	1h	0.000005066	+0.154%	$55.8M	$135.9M	10x	as long as short