PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0735%/8h= −80.5% APRnext payment −$0.92 per $10,000 · paid last 24h +0.001%

Price spread now: Deribit against GMX+3.020%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 Deribit

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. Deribit is 3.020% dearer against GMX than usual: you sell high and buy low (spread +3.020% now, against zero (this spread has no 7-day history yet)): +$302 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.1068% / S −0.1281%	pay 0.0133% / 1h	16m 04s	$50K	—	100x
Short	Deribit 1000PEPE_USDC-PERPETUAL	0.000005151	0.0333	get 0.0042% / 1h	16m 04s	$73K	$127K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +3.020%Rate

Funding earned: −$154.38
Price spread: +3.020% → 0.000%: $302
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $128.62
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 53 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 Deribit live order book, 53 min ago	5.84 bp	9.3 bp −$9	16.0 bp −$160	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	0.000005146	+2.930%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005148	+2.956%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005154	+3.080%	$60K	$184K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005149	+2.986%	$99.2M	$430.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005149	+2.980%	$163.2M	$99.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005163	+3.252%	$615K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005172	+3.430%	$28K	$548K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005158	+3.164%	$1K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005156	+3.120%	$601K	$4.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0126%	8h	0.000005155	+3.090%	$27.0M	$74.1M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX 1000PEPE-USD	+0.0133%	1h	0.000005152	+3.040%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005143	+2.856%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0252%	8h	0.000005146	+2.928%	$46.3M	$220.2M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0298%	1h	0.000005173	+3.460%	$150K	$834K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUALshort	+0.0333%	1h	0.000005151	+3.020%	$73K	$127K	25x
OKX PEPE-USDT-SWAP	+0.0364%	8h	0.000005146	+2.920%	$47.6M	$746.9M	50x	as long as short
Injective PEPE/USDC PERP	+0.0404%	1h	0.000005152	+3.040%	$8K	$120K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0415%	8h	0.000005154	+3.072%	$34K	$26K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0461%	8h	0.000005148	+2.967%	$6K	—	20x	as long as short
Phemex u1000PEPEUSDT	+0.0463%	8h	0.000005152	+3.040%	$2.4M	$8.1M	50x	as long as short
BloFin PEPE-USDT	+0.0488%	8h	0.000005155	+3.100%	$4.5M	$30.4M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0516%	1h	0.000005152	+3.040%	$79K	$890K	15x	as long as short
Lighter 1000PEPE	+0.0520%	1h	0.000005154	+3.080%	$618K	$9.1M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0544%	1h	0.000005150	+3.000%	$671K	$39.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0686%	8h	0.000005153	+3.052%	—	$175.1M	—	as long as short
Nado kPEPE-PERP	+0.0703%	1h	0.000005156	+3.123%	$166K	$958K	10x	as long as short
01 Exchange kPEPEUSD	+0.0704%	1h	0.000005160	+3.200%	$622	$2K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0713%	1h	0.000005148	+2.956%	$4.8M	$16.7M	50x	as long as short
Binance 1000PEPEUSDT	+0.0717%	8h	0.000005151	+3.030%	$142.1M	$1.50B	75x	as long as short
Extended 1000PEPE-USD	+0.0720%	1h	0.000005149	+2.981%	$542K	$282K	25x	as long as short
MEXC PEPE_USDT	+0.0720%	8h	0.000005152	+3.044%	$101.1M	$308.6M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	0.000005157	+3.140%	$146K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0721%	8h	0.000005156	+3.116%	$1.7M	$12.0M	50x	as long as short
Hyperliquid kPEPE	+0.0927%	1h	0.000005157	+3.140%	$53.7M	$159.2M	10x	as long as short
GMX PEPE/USD [ETH-USDC]long	L +0.1068% / S −0.1281%	1h	0.000005000	long leg	$50K	—	100x