PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0351%/8h= −38.5% APRnext payment −$0.44 per $10,000 · paid last 24h +0.066%

Price spread now: Backpack against GMX+3.738%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Backpack

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

The price spread pays, funding is against you. Backpack is 3.738% dearer against GMX than usual: you sell high and buy low (spread +3.738% now, against zero (this spread has no 7-day history yet)): +$374 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 35 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.1134% / S −0.2351%	pay 0.0142% / 1h	56m 25s	$64K	—	100x
Short	Backpack kPEPE_USDC_PERP	0.000005187	0.0782	get 0.0098% / 1h	56m 25s	$72K	$848K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +3.738%Rate

Funding earned: −$73.76
Price spread: +3.738% → 0.000%: $373.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $278.04
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 52 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 52 min ago	0.10 bp	5.2 bp −$5	24.3 bp −$243	doesn't fit	doesn't fit

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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005206	+4.120%	$10K	$119K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005156	+3.120%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005187	+3.748%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005166	+3.320%	$60K	$180K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005161	+3.222%	$101.5M	$413.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005160	+3.200%	$163.2M	$95.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005165	+3.308%	$25.9M	$71.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005159	+3.171%	$617K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005173	+3.459%	$28K	$539K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005199	+3.982%	$1K	$2.6M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005190	+3.800%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005187	+3.740%	$590K	$4.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005165	+3.295%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0310%	8h	0.000005161	+3.220%	$46.2M	$213.7M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0379%	8h	0.000005187	+3.730%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0417%	8h	0.000005163	+3.260%	$48.4M	$721.5M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0450%	1h	0.000005187	+3.737%	$4.7M	$16.8M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0518%	8h	0.000005167	+3.332%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0522%	1h	0.000005188	+3.760%	$74K	$127K	25x	as long as short
BloFin PEPE-USDT	+0.0545%	8h	0.000005186	+3.720%	$4.4M	$29.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0556%	8h	0.000005184	+3.680%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005187	+3.740%	$701K	$38.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0672%	1h	0.000005162	+3.240%	$623	$3K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0672%	1h	0.000005154	+3.080%	$156K	$818K	25x	as long as short
Lighter 1000PEPE	+0.0736%	1h	0.000005170	+3.400%	$622K	$9.0M	10x	as long as short
Nado kPEPE-PERP	+0.0738%	1h	0.000005162	+3.237%	$165K	$955K	10x	as long as short
BingX 1000PEPE-USDT	+0.0751%	8h	0.000005165	+3.306%	—	$217.3M	—	as long as short
Backpack kPEPE_USDC_PERPshort	+0.0782%	1h	0.000005187	+3.738%	$72K	$848K	15x
Aevo 1000PEPE-PERP	+0.0784%	1h	0.000005194	+3.880%	$147K	—	3x	as long as short
MEXC PEPE_USDT	+0.0788%	8h	0.000005157	+3.144%	$98.5M	$301.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0789%	8h	0.000005163	+3.262%	$143.0M	$1.44B	75x	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000005160	+3.204%	$547K	$281K	25x	as long as short
Aster 1000PEPEUSDT	+0.0812%	8h	0.000005165	+3.296%	$1.8M	$11.6M	50x	as long as short
Hyperliquid kPEPE	+0.0898%	1h	0.000005168	+3.360%	$55.2M	$154.4M	10x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.1134% / S −0.2351%	1h	0.000005000	long leg	$64K	—	100x