PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0957%/8h= +104.8% APRnext payment +$1.20 per $10,000 · paid last 24h +0.088%

Price spread now: GMX against ApeX Omni−19.241%52s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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 19.241% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −19.241% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,924 on $10k: about 2 months of funding at the current rate (+$29 a day). The two prices were read 52 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	ApeX Omni 1000PEPEUSDT	0.000004953	0.0134	pay 0.0017% / 1h	18m 49s	$145K	$839K	25x
Short	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0971% / S −0.1091%	get 0.0136% / 1h	18m 49s	$50K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against ApeX Omni. 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 ApeX OmnibpFee GMXbpOrdersPrice spread, now −19.241%Rate

Funding earned: $201.02
Price spread: −19.241% → 0.000%: −$1,924.09
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,745.07
Costs to cover: 0.220%
Break-even: 67.8 days

Slippage unknown: ApeX Omni: live order book, 15 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 ApeX Omni live order book, 15 min ago	2.86 bp	10.3 bp −$10	77.1 bp −$771	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
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004987	+0.686%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004959	+0.121%	$57K	$195K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005009	+1.137%	$97.2M	$445.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005002	+0.989%	$156.9M	$101.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004969	+0.319%	$655K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004979	+0.532%	$27K	$566K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004991	+0.765%	$2K	$2.7M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004985	+0.646%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004976	+0.456%	$577K	$4.3M	75x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0134%	1h	0.000004953	long leg	$145K	$839K	25x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	+0.0147%	1h	0.000004965	+0.242%	$6K	$121K	12x	as long as short
KuCoin PEPEUSDTM	+0.0159%	8h	0.000005005	+1.056%	$25.9M	$75.7M	75x	as long as short
Bitget PEPEUSDT	+0.0177%	8h	0.000005012	+1.189%	$44.9M	$226.0M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004980	+0.549%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0317%	8h	0.000005013	+1.211%	$46.1M	$744.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0367%	1h	0.000004998	+0.905%	$71K	$954K	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0379%	8h	0.000004962	+0.181%	$6K	—	20x	as long as short
Hyperliquid kPEPE	+0.0387%	1h	0.000005014	+1.232%	$51.9M	$161.4M	10x	as long as short
BloFin PEPE-USDT	+0.0439%	8h	0.000004988	+0.707%	$4.4M	$30.1M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0441%	8h	0.000004986	+0.672%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000004988	+0.707%	$691K	$39.6M	50x	as long as short
Lighter 1000PEPE	+0.0520%	1h	0.000004987	+0.686%	$586K	$9.1M	10x	as long as short
01 Exchange kPEPEUSD	+0.0520%	1h	0.000004971	+0.363%	$600	$2K	10x	as long as short
BingX 1000PEPE-USDT	+0.0612%	8h	0.000005007	+1.090%	—	$179.3M	—	as long as short
Extended 1000PEPE-USD	+0.0632%	1h	0.000005002	+0.987%	$524K	$286K	25x	as long as short
Binance 1000PEPEUSDT	+0.0633%	8h	0.000005006	+1.075%	$136.8M	$1.54B	75x	as long as short
Kraken Futures PF_PEPEUSD	+0.0636%	1h	0.000004985	+0.655%	$4.6M	$17.0M	50x	as long as short
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000004977	+0.485%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0642%	8h	0.000005004	+1.032%	$98.4M	$311.5M	300x	as long as short
Aster 1000PEPEUSDT	+0.0652%	8h	0.000005002	+0.991%	$1.7M	$12.2M	50x	as long as short
Nado kPEPE-PERP	+0.0678%	1h	0.000004979	+0.535%	$155K	$957K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0748%	8h	0.000004988	+0.707%	$2.3M	$8.1M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0754%	1h	0.000004985	+0.646%	$71K	$124K	25x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0971% / S −0.1091%	1h	0.000004000	−19.241%	$50K	—	100x
dYdX PEPE-USD	+0.4137%	1h	0.000004955	+0.041%	$25K	$12K	10x	as long as short