PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0903%/8h= +98.9% APRnext payment +$1.13 per $10,000 · paid last 24h +0.130%

Price spread now: Injective against gTrade (Gains Network)+0.956%55s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Injective

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 for this trade now. Funding pays +$27 a day on $10k at the current rate, and Injective is 0.956% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$96 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	0.000005050	L +0.0005% / S −0.0005%	pay 0.0001% / 1h	17m 48s	$14K	—	150x
Short	Injective PEPE/USDC PERP	0.000005098	0.0909	get 0.0114% / 1h	17m 48s	$4K	$102K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.956%Rate

Funding earned: $189.72
Price spread: +0.956% → 0.000%: $95.65
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $275.35
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Injective: live order book, 51 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 Injective live order book, 51 min ago	22.64 bp	22.7 bp −$23	doesn't fit	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 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	0.000005055	+0.098%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDlong	L +0.0005% / S −0.0005%	1h	0.000005050	long leg	$14K	—	150x
Pacifica kPEPE	+0.0100%	1h	0.000005053	+0.065%	$61K	$126K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005039	−0.210%	$97.6M	$324.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005042	−0.152%	$161.6M	$71.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005042	−0.151%	$25.3M	$60.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005046	−0.065%	$45.5M	$162.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005056	+0.116%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005059	+0.192%	$27K	$421K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005052	+0.055%	$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	0.000005053	+0.075%	$567K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005047	−0.046%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0240%	8h	0.000005045	−0.093%	$45.0M	$568.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0281%	8h	0.000005057	+0.141%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0301%	1h	0.000005059	+0.184%	$106K	$746K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005057	+0.145%	$747K	$29.8M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0487%	8h	0.000005061	+0.234%	$2.4M	$7.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0498%	8h	0.000005041	−0.170%	—	$259.1M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0517% / S −0.0544%	1h	0.000005000	−0.984%	$56K	—	100x	as long as short
MEXC PEPE_USDT	+0.0523%	8h	0.000005041	−0.164%	$94.6M	$291.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0525%	8h	0.000005043	−0.142%	$142.1M	$1.17B	75x	as long as short
Extended 1000PEPE-USD	+0.0528%	1h	0.000005044	−0.122%	$554K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	0.000005056	+0.125%	$143K	—	3x	as long as short
SoDEX 1000PEPE-USD	+0.0572%	1h	0.000005061	+0.224%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0583%	8h	0.000005059	+0.186%	$6K	$16	20x	as long as short
Aster 1000PEPEUSDT	+0.0619%	8h	0.000005047	−0.048%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0641%	1h	0.000005047	−0.060%	$180K	$881K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0740%	1h	0.000005059	+0.184%	$61K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0823%	1h	0.000005060	+0.197%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERPshort	+0.0909%	1h	0.000005098	+0.956%	$4K	$102K	12x
Backpack kPEPE_USDC_PERP	+0.0927%	1h	0.000005052	+0.038%	$98K	$618K	15x	as long as short
01 Exchange kPEPEUSD	+0.0952%	1h	0.000005051	+0.026%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1640%	1h	0.000005071	+0.422%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2144%	1h	0.000005052	+0.046%	$55.6M	$136.0M	10x	as long as short