PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0508%/8h= −55.6% APRnext payment −$0.64 per $10,000 · paid last 24h −0.001%

Price spread now: Coinbase International against GMX+3.180%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 Coinbase International

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. Coinbase International is 3.180% dearer against GMX than usual: you sell high and buy low (spread +3.180% now, against zero (this spread has no 7-day history yet)): +$318 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.1132% / S −0.2249%	pay 0.0142% / 1h	9m 26s	$64K	—	100x
Short	Coinbase International 1000PEPE-PERP-INTX	0.000005159	0.0624	get 0.0078% / 1h	9m 26s	$674K	$39.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +3.180%Rate

Funding earned: −$106.69
Price spread: +3.180% → 0.000%: $318
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $189.31
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	5.89 bp	10.9 bp −$11	14.4 bp −$144	48.1 bp −$4,815	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	0.000005113	+2.260%	$9K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005137	+2.730%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005146	+2.926%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005145	+2.900%	$60K	$182K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005152	+3.040%	$100.6M	$420.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005153	+3.060%	$164.1M	$97.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005115	+2.291%	$600K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005103	+2.053%	$28K	$542K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005164	+3.286%	$1K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005153	+3.068%	$598K	$4.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0113%	8h	0.000005157	+3.144%	$26.4M	$72.5M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0156%	1h	0.000005157	+3.140%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005115	+2.299%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0285%	8h	0.000005157	+3.132%	$46.1M	$216.3M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0353%	1h	0.000005110	+2.200%	$149K	$829K	25x	as long as short
OKX PEPE-USDT-SWAP	+0.0393%	8h	0.000005152	+3.040%	$47.5M	$733.6M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0399%	8h	0.000005153	+3.050%	$34K	$26K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0453%	1h	0.000005158	+3.160%	$74K	$864K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0453%	1h	0.000005156	+3.121%	$4.7M	$16.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0512%	8h	0.000005140	+2.805%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0513%	8h	0.000005123	+2.460%	$4.5M	$29.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0521%	8h	0.000005153	+3.060%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTXshort	+0.0624%	1h	0.000005159	+3.180%	$674K	$39.0M	50x
01 Exchange kPEPEUSD	+0.0672%	1h	0.000005149	+2.980%	$621	$3K	10x	as long as short
Lighter 1000PEPE	+0.0696%	1h	0.000005148	+2.960%	$615K	$9.1M	10x	as long as short
Nado kPEPE-PERP	+0.0713%	1h	0.000005160	+3.195%	$165K	$960K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0720%	1h	0.000005159	+3.180%	$74K	$127K	25x	as long as short
BingX 1000PEPE-USDT	+0.0721%	8h	0.000005157	+3.132%	—	$218.0M	—	as long as short
Aster 1000PEPEUSDT	+0.0754%	8h	0.000005160	+3.200%	$1.8M	$11.7M	50x	as long as short
MEXC PEPE_USDT	+0.0756%	8h	0.000005159	+3.180%	$100.2M	$306.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0756%	8h	0.000005154	+3.070%	$141.6M	$1.47B	75x	as long as short
Extended 1000PEPE-USD	+0.0760%	1h	0.000005141	+2.825%	$540K	$284K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0760%	1h	0.000005154	+3.080%	$146K	—	3x	as long as short
Hyperliquid kPEPE	+0.0949%	1h	0.000005161	+3.220%	$53.7M	$156.8M	10x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.1132% / S −0.2249%	1h	0.000005000	long leg	$64K	—	100x