PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.219%

Price spread now: Hyperliquid against gTrade (Gains Network)−0.289%157s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.289% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.289% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 10 days of funding at the current rate (+$3 a day). The two prices were read 157 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	gTrade (Gains Network) PEPE/USD	0.000004951	L +0.0005% / S −0.0005%	pay 0.0001% / 1h	54m 37s	$3K	—	150x
Short	Hyperliquid kPEPE	0.000004937	0.0100	get 0.0013% / 1h	54m 37s	$49.9M	$154.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HyperliquidbpOrdersPrice spread, now −0.289%Rate

Funding earned: $19.9
Price spread: −0.289% → 0.000%: −$28.88
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$27.98
Costs to cover: 0.190%
Break-even: 16.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 12 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 12 min ago	2.01 bp	8.4 bp −$8	14.8 bp −$148	doesn't fit	doesn't fit

gTrade (Gains Network): 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 exchanges

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
Kraken Futures PF_PEPEUSD	−0.0372%	1h	0.000004936	−0.311%	$4.6M	$16.6M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004934	−0.359%	$25K	$18K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	0.000004937	−0.289%	$57K	$115K	25x	as long as short
gTrade (Gains Network) PEPE/USDlong	L +0.0005% / S −0.0005%	1h	0.000004951	long leg	$3K	—	150x
01 Exchange kPEPEUSD	+0.0080%	1h	0.000004936	−0.309%	$595	$2K	10x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004938	−0.269%	$593K	$9.0M	10x	as long as short
Hyperliquid kPEPEshort	+0.0100%	1h	0.000004937	−0.289%	$49.9M	$154.8M	10x
Pacifica kPEPE	+0.0100%	1h	0.000004939	−0.248%	$57K	$195K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004938	−0.267%	$94.0M	$442.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004938	−0.269%	$152.1M	$101.9M	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004938	−0.265%	$24.9M	$75.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004938	−0.271%	$43.7M	$229.4M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004938	−0.265%	$75K	$990K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004937	−0.284%	$643K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004955	+0.083%	$27K	$569K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004977	+0.519%	$144K	$851K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004943	−0.162%	$1K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004936	−0.309%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004939	−0.254%	$579K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004933	−0.376%	$2.3M	$8.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0111%	8h	0.000004936	−0.316%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0132%	1h	0.000004936	−0.309%	$136K	$939K	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0142%	8h	0.000004937	−0.289%	$44.4M	$720.2M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004934	−0.351%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0266%	8h	0.000004936	−0.309%	$4.3M	$28.6M	75x	as long as short
Injective PEPE/USDC PERP	+0.0284%	1h	0.000004939	−0.248%	$4K	$122K	12x	as long as short
MEXC PEPE_USDT	+0.0287%	8h	0.000004935	−0.335%	$100.9M	$294.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0287%	8h	0.000004937	−0.293%	$128.0M	$1.53B	75x	as long as short
Extended 1000PEPE-USD	+0.0288%	1h	0.000004934	−0.342%	$518K	$285K	25x	as long as short
BingX 1000PEPE-USDT	+0.0292%	8h	0.000004937	−0.291%	—	$181.1M	—	as long as short
Aster 1000PEPEUSDT	+0.0295%	8h	0.000004940	−0.236%	$1.8M	$12.5M	50x	as long as short
Aevo 1000PEPE-PERP	+0.0304%	1h	0.000004936	−0.309%	$140K	—	3x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0348%	8h	0.000004937	−0.285%	$32K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004941	−0.208%	$760K	$38.7M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0838% / S −0.0953%	1h	0.000004000	−19.213%	$50K	—	100x	as long as short