PEPE

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.163%

7d average—if it closes, per $10,000$16funding while held, a day−$32.46

Long on Backpack Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kPEPE_USDC_PERP	0.000004854	0.1087	pay 0.0136% / 1h	17m 29s	$98K	$489K	15x
Short	gTrade (Gains Network) PEPE/USD	0.000004846	L +0.0005% / S −0.0005%	get 0.0001% / 1h	17m 29s	$17K	—	150x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BackpackbpFee gTrade (Gains Network)bpOrdersClose when spread is

Spread captured: −$16.28
Funding while held: −$32.46
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$68.73
Spread needed to break even: 0.200%

Slippage unknown: Backpack: live order book, 28 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.1082%
Per $10,000 a day: −$32.46
Average in range /8h: —

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 Backpack live order book, 28 min ago	1.42 bp	7.4 bp −$7	26.5 bp −$265	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 price on every exchange

against the cheapest. Click to use as the short leg.

GMX0.000004000cheapest

Injective0.000004837+20.925%Deribit0.000004841+21.025%BloFin0.000004844+21.100%Phemex0.000004844+21.100%

gTrade (Gains Network)0.000004846+21.142%

Aevo0.000004849+21.225%SoDEX0.000004850+21.250%Orderly0.000004851+21.285%Coinbase International0.000004852+21.300%edgeX0.000004853+21.313%Kraken Futures0.000004853+21.316%

Backpack0.000004854+21.340%

ApeX Omni0.000004854+21.350%HTX0.000004855+21.372%SunX0.000004856+21.405%dYdX0.000004859+21.471%KuCoin0.000004859+21.473%Bitget0.000004860+21.493%Hyperliquid0.000004860+21.500%Gate0.000004860+21.500%Aster0.000004861+21.513%Bybit0.000004861+21.525%Reya0.000004862+21.540%OKX0.000004862+21.550%Lighter0.000004863+21.575%Pacifica0.000004865+21.625%Nado0.000004865+21.626%Binance0.000004868+21.695%BingX0.000004870+21.740%Paradex0.000004870+21.750%Extended0.000004872+21.794%Variational Omni0.000004873+21.817%MEXC0.000004874+21.850%01 Exchange0.000004877+21.925%

PEPE on 35 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX PEPE/USD [ETH-USDC]	−17.587%	L +0.0290% / S −0.0237%	1h	$47K	—	100x	as long as short
Injective PEPE/USDC PERP	−0.342%	+0.0123%	1h	$39K	$59K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	−0.260%	0.0000%	1h	$82K	$96K	25x	as long as short
BloFin PEPE-USDT	−0.198%	+0.0220%	8h	$4.0M	$18.2M	75x	as long as short
Phemex u1000PEPEUSDT	−0.198%	+0.1346%	8h	$2.4M	$5.9M	50x	as long as short
gTrade (Gains Network) PEPE/USDshort	−0.163%	L +0.0005% / S −0.0005%	1h	$17K	—	150x
Aevo 1000PEPE-PERP	−0.095%	+0.0344%	1h	$137K	—	3x	as long as short
SoDEX 1000PEPE-USD	−0.074%	+0.0677%	1h	$1K	$8K	10x	as long as short
Orderly PERP_1000PEPE_USDC	−0.045%	+0.0100%	8h	$30K	$8K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	−0.033%	+0.0440%	1h	$648K	$20.7M	50x	as long as short

Show all 35 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	−0.022%	+0.0100%	4h	$27K	$350K	20x	as long as short
Kraken Futures PF_PEPEUSD	−0.020%	+0.2424%	1h	$3.4M	$10.1M	50x	as long as short
Backpack kPEPE_USDC_PERPlong	0.000%	+0.1087%	1h	$98K	$489K	15x
ApeX Omni 1000PEPEUSDT	+0.008%	+0.0455%	1h	$90K	$752K	25x	as long as short
HTX PEPE-USDT	+0.027%	+0.0100%	8h	$566K	$3.7M	75x	as long as short
SunX 1000PEPE-USDT	+0.054%	+0.0100%	8h	$1K	$2.3M	20x	as long as short
dYdX PEPE-USD	+0.108%	0.0000%	1h	$18K	$95	10x	as long as short
KuCoin PEPEUSDTM	+0.109%	+0.0100%	8h	$21.0M	$36.0M	75x	as long as short
Bitget PEPEUSDT	+0.126%	+0.0100%	8h	$39.3M	$107.6M	75x	as long as short
Hyperliquid kPEPE	+0.132%	+0.0769%	1h	$55.9M	$52.7M	10x	as long as short
Gate PEPE_USDT	+0.132%	+0.0100%	8h	$139.0M	$50.6M	75x	as long as short
Aster 1000PEPEUSDT	+0.142%	+0.0807%	8h	$1.3M	$5.2M	50x	as long as short
Bybit 1000PEPEUSDT	+0.152%	+0.0100%	8h	$87.5M	$221.6M	50x	as long as short
Reya kPEPERUSDPERP	+0.165%	+0.0188%	1h	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.173%	+0.0100%	8h	$42.3M	$424.7M	50x	as long as short
Lighter 1000PEPE	+0.194%	+0.1072%	1h	$628K	$4.6M	10x	as long as short
Pacifica kPEPE	+0.235%	+0.0100%	1h	$59K	$76K	10x	as long as short
Nado kPEPE-PERP	+0.236%	+0.0447%	1h	$219K	$731K	10x	as long as short
Binance 1000PEPEUSDT	+0.293%	+0.0370%	8h	$127.4M	$825.1M	75x	as long as short
BingX 1000PEPE-USDT	+0.330%	+0.0080%	8h	—	$225.2M	—	as long as short
Paradex kPEPE-USD-PERP	+0.337%	+0.0542%	8h	$5K	$52	20x	as long as short
Extended 1000PEPE-USD	+0.374%	+0.0360%	1h	$531K	$250K	25x	as long as short
Variational Omni 1000PEPE	+0.393%	+0.0100%	8h	$844K	$2.7M	—	as long as short
MEXC PEPE_USDT	+0.420%	+0.0359%	8h	$105.9M	$261.1M	300x	as long as short
01 Exchange kPEPEUSD	+0.482%	+0.0896%	1h	$559	$2K	10x	as long as short