PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0857%/8h= +93.8% APRnext payment +$1.07 per $10,000 · paid last 24h +0.024%

Price spread now: GMX against Reya−1.069%7-day average — · you buy dearer than you sell

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

Long on Reya 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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 1.069% cheaper against Reya than usual: you would sell low and buy high (spread −1.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$107 on $10k: about 4.2 days of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kPEPERUSDPERP	0.000005054	0.0189	pay 0.0024% / 1h	3m 03s	$8K	—	15x
Short	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.0649% / S −0.1045%	get 0.0131% / 1h	3m 03s	$49K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now −1.069%Rate

Funding earned: $179.9
Price spread: −1.069% → 0.000%: −$106.87
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $55.03
Costs to cover: 0.180%
Break-even: 4.9 days

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

Reya and 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	0.000005037	−0.337%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005047	−0.141%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005044	−0.198%	$64K	$139K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005048	−0.119%	$98.6M	$342.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005046	−0.158%	$165.8M	$75.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005050	−0.071%	$25.9M	$63.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005009	−0.900%	$672K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005029	−0.498%	$27K	$445K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005060	+0.124%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005047	−0.139%	$574K	$3.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0140%	8h	0.000005051	−0.050%	$46.2M	$173.3M	75x	as long as short
Reya kPEPERUSDPERPlong	+0.0189%	1h	0.000005054	long leg	$8K	—	15x
Orderly PERP_1000PEPE_USDC	+0.0322%	8h	0.000005054	+0.010%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0354%	8h	0.000005052	−0.040%	$45.7M	$592.1M	50x	as long as short
BloFin PEPE-USDT	+0.0471%	8h	0.000005042	−0.238%	$4.3M	$25.3M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0508%	1h	0.000005054	0.000%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0526%	1h	0.000005028	−0.515%	$99K	$750K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005044	−0.198%	$931K	$31.6M	50x	as long as short
BingX 1000PEPE-USDC	+0.0611%	8h	0.000005049	−0.101%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0648%	1h	0.000005052	−0.049%	$533K	$226K	25x	as long as short
MEXC PEPE_USDT	+0.0648%	8h	0.000005051	−0.062%	$95.1M	$290.8M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0648%	1h	0.000005042	−0.238%	$143K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0649% / S −0.1045%	1h	0.000005000	−1.069%	$49K	—	100x
Binance 1000PEPEUSDT	+0.0651%	8h	0.000005055	+0.026%	$141.5M	$1.21B	75x	as long as short
Phemex u1000PEPEUSDT	+0.0721%	8h	0.000005048	−0.125%	$2.4M	$7.1M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0741%	1h	0.000005052	−0.040%	$71K	$124K	25x	as long as short
Aster 1000PEPEUSDT	+0.0748%	8h	0.000005049	−0.093%	$1.8M	$9.2M	50x	as long as short
Nado kPEPE-PERP	+0.0760%	1h	0.000005052	−0.041%	$187K	$871K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0782%	8h	0.000005040	−0.271%	$6K	—	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0954%	1h	0.000005051	−0.069%	$93K	$631K	15x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005058	+0.079%	$610	$3K	10x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005021	−0.653%	$3K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1160%	1h	0.000005051	−0.060%	$658K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1378%	1h	0.000005049	−0.108%	$4.3M	$15.3M	50x	as long as short
Hyperliquid kPEPE	+0.1558%	1h	0.000005054	0.000%	$54.0M	$139.7M	10x	as long as short