Funding you earn now, next payment 23:00 UTC−0.0055%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.031%
Price spread now: GMX against 01 Exchange−16.475%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$2 a day on $10k at the current rate, and GMX is 16.475% cheaper against 01 Exchange than usual: you would sell low and buy high (−$1,648 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange kPEPEUSD | 0.000004789 | 0.0408 | pay 0.0051% / 1h | 10m 39s | $549 | $2K | 10x |
| Short | GMX PEPE/USD [ETH-USDC] | 0.000004000 | L +0.0327% / S −0.0353% | get 0.0044% / 1h | 10m 39s | $43K | — | 100x |
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against 01 Exchange. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.61
- Price spread: −16.475% → 0.000%
- −$1,647.53
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$1,678.14
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
01 Exchange 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 | 0.000004787 | −0.035% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004791 | +0.052% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004793 | +0.084% | $668K | $6.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004789 | 0.000% | $62.7M | $83.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004790 | +0.021% | $59K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004789 | +0.008% | $86.9M | $283.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004788 | −0.021% | $150.3M | $63.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004786 | −0.061% | $24.7M | $54.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004782 | −0.148% | $541K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004795 | +0.130% | $28K | $343K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004801 | +0.251% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004795 | +0.125% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004794 | +0.113% | $540K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0111% | 8h | 0.000004789 | +0.004% | $42.1M | $148.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004794 | +0.107% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0219% | 8h | 0.000004791 | +0.042% | $41.5M | $491.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0271% | 8h | 0.000004787 | −0.052% | $5K | $16 | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC]short | L +0.0327% / S −0.0353% | 1h | 0.000004000 | −16.475% | $43K | — | 100x | |
| BloFin PEPE-USDT | +0.0338% | 8h | 0.000004795 | +0.125% | $3.9M | $22.1M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0342% | 8h | 0.000004798 | +0.190% | $2.3M | $6.4M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0376% | 1h | 0.000004796 | +0.146% | $81K | $94K | 25x | as long as short |
| 01 Exchange kPEPEUSDlong | +0.0408% | 1h | 0.000004789 | long leg | $549 | $2K | 10x | |
| ApeX Omni 1000PEPEUSDT | +0.0447% | 1h | 0.000004792 | +0.063% | $101K | $763K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004796 | +0.146% | $582K | $25.5M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0451% | 8h | 0.000004797 | +0.167% | $29K | $11K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0544% | 1h | 0.000004794 | +0.100% | $92K | $614K | 15x | as long as short |
| BingX 1000PEPE-USDT | +0.0735% | 8h | 0.000004791 | +0.040% | — | $256.4M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0750% | 8h | 0.000004794 | +0.108% | $130.4M | $1.04B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0751% | 1h | 0.000004797 | +0.165% | $184K | $845K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000004790 | +0.021% | $526K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0754% | 8h | 0.000004783 | −0.129% | $91.2M | $285.8M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000004801 | +0.251% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000004797 | +0.173% | $1.5M | $7.1M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004814 | +0.522% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1331% | 1h | 0.000004793 | +0.091% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Nado kPEPE-PERP
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD