PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h −0.032%

Price spread now: GMX against Hyperliquid−16.719%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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

Funding pays, the price is against you. GMX is 16.719% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −16.719% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,672 on $10k: about 8 months of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kPEPE	0.000004803	0.0100	pay 0.0013% / 1h	20m 39s	$62.8M	$80.6M	10x
Short	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0314% / S −0.0332%	get 0.0041% / 1h	20m 39s	$43K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −16.719%Rate

Funding earned: $48.62
Price spread: −16.719% → 0.000%: −$1,671.87
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,644.25
Costs to cover: 0.210%
Break-even: 243.7 days

Slippage unknown: Hyperliquid: live order book, 3 min ago; GMX: 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 Hyperliquid live order book, 3 min ago	1.04 bp	5.8 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
dYdX PEPE-USD	0.0000%	1h	0.000004803	−0.004%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004811	+0.158%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004809	+0.125%	$668K	$5.8M	10x	as long as short
Hyperliquid kPEPElong	+0.0100%	1h	0.000004803	long leg	$62.8M	$80.6M	10x
Pacifica kPEPE	+0.0100%	1h	0.000004807	+0.083%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004803	−0.002%	$86.9M	$282.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004804	+0.021%	$150.1M	$63.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004806	+0.069%	$24.8M	$54.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004813	+0.206%	$537K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004812	+0.198%	$27K	$343K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004823	+0.418%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004817	+0.291%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004819	+0.327%	$544K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0128%	8h	0.000004807	+0.090%	$42.3M	$151.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004815	+0.251%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0206%	8h	0.000004806	+0.062%	$41.8M	$491.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0307%	8h	0.000004806	+0.073%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0314% / S −0.0332%	1h	0.000004000	−16.719%	$43K	—	100x
BloFin PEPE-USDT	+0.0325%	8h	0.000004815	+0.250%	$3.9M	$22.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0359%	8h	0.000004813	+0.210%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0408%	1h	0.000004808	+0.104%	$551	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004815	+0.250%	$594K	$25.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0449%	8h	0.000004814	+0.233%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0583%	1h	0.000004809	+0.123%	$92K	$615K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0605%	1h	0.000004813	+0.208%	$102K	$763K	25x	as long as short
Nado kPEPE-PERP	+0.0752%	1h	0.000004815	+0.252%	$186K	$853K	10x	as long as short
BingX 1000PEPE-USDC	+0.0766%	8h	0.000004807	+0.075%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0781%	8h	0.000004808	+0.097%	$130.3M	$1.04B	75x	as long as short
Extended 1000PEPE-USD	+0.0784%	1h	0.000004807	+0.087%	$529K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0784%	8h	0.000004810	+0.144%	$91.5M	$285.0M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0784%	1h	0.000004816	+0.271%	$136K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0789%	1h	0.000004816	+0.271%	$81K	$94K	25x	as long as short
Aster 1000PEPEUSDT	+0.0802%	8h	0.000004812	+0.193%	$1.5M	$7.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004814	+0.229%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1325%	1h	0.000004815	+0.248%	$3.9M	$13.3M	50x	as long as short