PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0126%/8h= −13.8% APRnext payment −$0.16 per $10,000 · paid last 24h +0.004%

Price spread now: Coinbase International against GMX+3.320%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 3.320% dearer against GMX than usual: you sell high and buy low (spread +3.320% now, against zero (this spread has no 7-day history yet)): +$332 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.0798% / S −0.1602%	pay 0.0100% / 1h	15m 50s	$63K	—	100x
Short	Coinbase International 1000PEPE-PERP-INTX	0.000005166	0.0672	get 0.0084% / 1h	15m 50s	$967K	$34.2M	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 +3.320%Rate

Funding earned: −$26.39
Price spread: +3.320% → 0.000%: $332
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $283.61
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 3 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, 3 min ago	3.89 bp	11.5 bp −$12	19.6 bp −$196	doesn't fit	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
dYdX PEPE-USD	0.0000%	1h	0.000005161	+3.220%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005161	+3.216%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005166	+3.320%	$66K	$146K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005162	+3.240%	$99.6M	$359.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005156	+3.120%	$167.9M	$82.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005164	+3.284%	$26.3M	$65.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005163	+3.252%	$807K	$4.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005148	+2.970%	$42K	$465K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005169	+3.380%	$2K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005171	+3.414%	$600K	$3.7M	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	0.000005164	+3.285%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0210%	8h	0.000005168	+3.358%	$47.7M	$180.2M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	+3.460%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0356%	8h	0.000005173	+3.454%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0395%	8h	0.000005168	+3.360%	$48.3M	$631.9M	50x	as long as short
BloFin PEPE-USDT	+0.0510%	8h	0.000005170	+3.400%	$4.4M	$26.7M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0581%	8h	0.000005167	+3.344%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTXshort	+0.0672%	1h	0.000005166	+3.320%	$967K	$34.2M	50x
BingX 1000PEPE-USDC	+0.0707%	8h	0.000005170	+3.396%	—	$2.3M	—	as long as short
SoDEX 1000PEPE-USD	+0.0732%	1h	0.000005172	+3.440%	$2K	$10K	10x	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	0.000005165	+3.307%	$547K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0744%	1h	0.000005203	+4.060%	$147K	—	3x	as long as short
MEXC PEPE_USDT	+0.0747%	8h	0.000005167	+3.340%	$99.2M	$292.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0751%	8h	0.000005166	+3.315%	$147.1M	$1.26B	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0790%	8h	0.000005163	+3.254%	$6K	—	20x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.0798% / S −0.1602%	1h	0.000005000	long leg	$63K	—	100x
ApeX Omni 1000PEPEUSDT	+0.0806%	1h	0.000005163	+3.260%	$101K	$743K	25x	as long as short
Lighter 1000PEPE	+0.0832%	1h	0.000005167	+3.340%	$614K	$8.3M	10x	as long as short
Aster 1000PEPEUSDT	+0.0858%	8h	0.000005170	+3.393%	$1.8M	$9.6M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0912%	1h	0.000005171	+3.420%	$73K	$125K	25x	as long as short
Nado kPEPE-PERP	+0.0932%	1h	0.000005166	+3.321%	$185K	$903K	10x	as long as short
01 Exchange kPEPEUSD	+0.1096%	1h	0.000005176	+3.520%	$624	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1156%	1h	0.000005163	+3.250%	$63K	$685K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1260%	1h	0.000005170	+3.406%	$4.7M	$16.0M	50x	as long as short
Hyperliquid kPEPE	+0.1565%	1h	0.000005174	+3.480%	$55.8M	$142.2M	10x	as long as short