Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0301%/8h= +32.9% APRpaid last 24h +0.015%

Price spread now: GMX against MEXC−0.383%7-day average — · you buy dearer than you sell

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

Long on MEXC 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

Funding pays, the price is against you. GMX is 0.383% cheaper against MEXC than usual: you would sell low and buy high (spread −0.383% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 4.2 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PEPE_USDT	0.000005019	0.0611	pay 0.0611% / 8h	5h 32m	$94.8M	$289.0M	300x
Short	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.0586% / S −0.0912%	get 0.0114% / 1h	32m 26s	$49K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.383%Rate

Funding earned: $63.13
Price spread: −0.383% → 0.000%: −$38.25
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $12.87
Costs to cover: 0.120%
Break-even: 5.6 days

Slippage unknown: MEXC: 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 MEXC live order book, 2 min ago	0.30 bp	2.1 bp −$2	16.0 bp −$160	46.2 bp −$4,617	77.1 bp −$38.5K
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
dYdX PEPE-USD	0.0000%	1h	0.000005007	−0.243%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005010	−0.187%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005017	−0.044%	$63K	$136K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005015	−0.082%	$98.0M	$337.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005014	−0.104%	$164.5M	$74.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005019	−0.010%	$25.7M	$62.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005019	−0.014%	$46.2M	$172.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005042	+0.445%	$681K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005060	+0.823%	$36K	$434K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005014	−0.102%	$1K	$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	0.000004972	−0.936%	$568K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005020	+0.007%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0317%	8h	0.000005010	−0.193%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0319%	8h	0.000005017	−0.044%	$45.2M	$584.0M	50x	as long as short
BloFin PEPE-USDT	+0.0436%	8h	0.000005015	−0.084%	$4.3M	$25.1M	75x	as long as short
BingX 1000PEPE-USDT	+0.0575%	8h	0.000005018	−0.022%	—	$261.0M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005011	−0.163%	$908K	$31.2M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0585%	1h	0.000005016	−0.064%	$2K	$12K	10x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0586% / S −0.0912%	1h	0.000005000	−0.383%	$49K	—	100x
Extended 1000PEPE-USD	+0.0608%	1h	0.000005017	−0.034%	$530K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0608%	1h	0.000004997	−0.442%	$141K	—	3x	as long as short
MEXC PEPE_USDTlong	+0.0611%	8h	0.000005019	long leg	$94.8M	$289.0M	300x
Binance 1000PEPEUSDT	+0.0614%	8h	0.000005021	+0.028%	$140.9M	$1.20B	75x	as long as short
Aster 1000PEPEUSDT	+0.0694%	8h	0.000005016	−0.067%	$1.8M	$9.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0765%	8h	0.000005010	−0.180%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0860%	1h	0.000005059	+0.793%	$99K	$752K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0880%	8h	0.000005015	−0.080%	$2.3M	$7.0M	50x	as long as short
Nado kPEPE-PERP	+0.0885%	1h	0.000005018	−0.018%	$181K	$870K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0936%	1h	0.000005018	−0.022%	$95K	$624K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0949%	1h	0.000005011	−0.163%	$61K	$114K	25x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005024	+0.096%	$606	$3K	10x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+1.709%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1312%	1h	0.000005019	−0.004%	$695K	$8.0M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1388%	1h	0.000005015	−0.092%	$4.2M	$15.1M	50x	as long as short
Hyperliquid kPEPE	+0.1738%	1h	0.000005024	+0.096%	$53.6M	$139.2M	10x	as long as short