PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0915%/8h= −100.2% APRnext payment −$1.14 per $10,000 · paid last 24h −0.016%

Price spread now: SoDEX against GMX+0.680%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 SoDEX

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. SoDEX is 0.680% dearer against GMX than usual: you sell high and buy low (spread +0.680% now, against zero (this spread has no 7-day history yet)): +$68 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.1129% / S −0.2171%	pay 0.0141% / 1h	23m 29s	$63K	—	100x
Short	SoDEX 1000PEPE-USD	0.000005034	0.0213	get 0.0027% / 1h	23m 29s	$2K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.680%Rate

Funding earned: −$192.25
Price spread: +0.680% → 0.000%: $68
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$144.25
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; SoDEX: 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 GMX no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

GMX and SoDEX: 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
dYdX PEPE-USD	0.0000%	1h	0.000005024	+0.490%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0001%	1h	0.000005018	+0.356%	$6K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	+0.540%	$57K	$177K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005020	+0.400%	$98.3M	$405.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005023	+0.460%	$161.1M	$94.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005023	+0.466%	$24.9M	$71.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005002	+0.033%	$598K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004994	−0.120%	$27K	$537K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005039	+0.778%	$1K	$2.6M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005031	+0.618%	$563K	$4.1M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005024	+0.471%	$8K	—	15x	as long as short
SoDEX 1000PEPE-USDshort	+0.0213%	1h	0.000005034	+0.680%	$2K	$10K	10x
Bitget PEPEUSDT	+0.0333%	8h	0.000005022	+0.440%	$45.1M	$210.4M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0397%	8h	0.000005032	+0.646%	$33K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0423%	8h	0.000005024	+0.480%	$46.5M	$687.6M	50x	as long as short
BloFin PEPE-USDT	+0.0542%	8h	0.000005022	+0.440%	$4.4M	$28.0M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0560%	8h	0.000005029	+0.582%	$6K	—	20x	as long as short
Phemex u1000PEPEUSDT	+0.0631%	8h	0.000005030	+0.606%	$2.4M	$7.9M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0641%	1h	0.000005033	+0.662%	$73K	$831K	15x	as long as short
Lighter 1000PEPE	+0.0656%	1h	0.000005033	+0.660%	$597K	$9.0M	10x	as long as short
01 Exchange kPEPEUSD	+0.0672%	1h	0.000005026	+0.520%	$606	$3K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0680%	1h	0.000005036	+0.720%	$645K	$37.0M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0689%	1h	0.000005000	0.000%	$154K	$813K	25x	as long as short
Nado kPEPE-PERP	+0.0710%	1h	0.000005025	+0.501%	$165K	$943K	10x	as long as short
BingX 1000PEPE-USDC	+0.0756%	8h	0.000005025	+0.502%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0790%	8h	0.000005025	+0.504%	$95.8M	$302.1M	300x	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000005021	+0.422%	$530K	$277K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000005035	+0.700%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0793%	8h	0.000005025	+0.508%	$140.9M	$1.41B	75x	as long as short
Aster 1000PEPEUSDT	+0.0840%	8h	0.000005021	+0.428%	$1.8M	$11.2M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0849%	1h	0.000005031	+0.619%	$4.6M	$16.7M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0944%	1h	0.000005031	+0.620%	$72K	$127K	25x	as long as short
Hyperliquid kPEPE	+0.0985%	1h	0.000005027	+0.540%	$53.0M	$152.2M	10x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.1129% / S −0.2171%	1h	0.000005000	long leg	$63K	—	100x
Injective PEPE/USDC PERP	+0.1379%	1h	0.000004992	−0.160%	$3K	$111K	12x	as long as short