PEPE

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+7.950%

7d average—if it closes, per $10,000$795funding while held, a day−$5.72

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0364% / S −0.0445%	pay 0.0046% / 1h	50m 10s	$47K	—	100x
Short	Hyperliquid kPEPE	0.000004318	0.0174	get 0.0022% / 1h	50m 10s	$48.5M	$35.7M	10x

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 GMXbpFee HyperliquidbpOrdersClose when spread is

Spread captured: $795
Funding while held: −$5.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $768.28
Spread needed to break even: 0.210%

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0191%
Per $10,000 a day: −$5.72
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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 5 min ago	2.31 bp	9.0 bp −$9	16.4 bp −$164	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 price on every exchange

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

GMX0.000004000cheapest

ApeX Omni0.000004295+7.375%

BloFin0.000004302+7.550%

KuCoin0.000004303+7.570%

edgeX0.000004303+7.572%

Extended0.000004304+7.590%

HTX0.000004304+7.595%

Deribit0.000004305+7.625%

Gate0.000004305+7.625%

SoDEX0.000004306+7.650%

Backpack0.000004306+7.655%

Kraken Futures0.000004307+7.675%

OKX0.000004307+7.675%

Bybit0.000004307+7.675%

Aevo0.000004307+7.675%

Orderly0.000004307+7.685%

BingX0.000004307+7.688%

gTrade (Gains Network)0.000004308+7.698%

Nado0.000004309+7.713%

Injective0.000004309+7.725%

Binance0.000004309+7.729%

Aster0.000004309+7.734%

Phemex0.000004310+7.742%

MEXC0.000004310+7.752%

Reya0.000004310+7.753%

Pacifica0.000004311+7.775%

Coinbase International0.000004311+7.775%

Variational Omni0.000004311+7.785%

SunX0.000004312+7.793%

dYdX0.000004312+7.797%

Paradex0.000004312+7.801%

Lighter0.000004313+7.825%

Bitget0.000004314+7.845%

Hyperliquid0.000004318+7.950%

PEPE on 34 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX PEPE/USD [ETH-USDC]long	0.000%	L +0.0364% / S −0.0445%	1h	$47K	—	100x
ApeX Omni 1000PEPEUSDT	+7.375%	+0.0100%	1h	$102K	$708K	25x	as long as short
BloFin PEPE-USDT	+7.550%	+0.0220%	8h	$2.9M	$10.8M	75x	as long as short
KuCoin PEPEUSDTM	+7.570%	+0.0100%	8h	$19.2M	$25.5M	75x	as long as short
edgeX 1000PEPEUSDC	+7.572%	+0.0100%	4h	$25K	$329K	20x	as long as short
Extended 1000PEPE-USD	+7.590%	+0.0104%	1h	$457K	$209K	25x	as long as short
HTX PEPE-USDT	+7.595%	+0.0100%	8h	$457K	$2.2M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+7.625%	−0.0214%	1h	$36K	$63K	25x	as long as short
Gate PEPE_USDT	+7.625%	+0.0100%	8h	$111.2M	$24.9M	75x	as long as short
SoDEX 1000PEPE-USD	+7.650%	+0.0100%	1h	$2K	$7K	10x	as long as short

Show all 34 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack kPEPE_USDC_PERP	+7.655%	+0.0100%	1h	$118K	$207K	15x	as long as short
Kraken Futures PF_PEPEUSD	+7.675%	+0.0541%	1h	$2.8M	$8.3M	50x	as long as short
OKX PEPE-USDT-SWAP	+7.675%	+0.0100%	8h	$30.6M	$209.2M	50x	as long as short
Bybit 1000PEPEUSDT	+7.675%	+0.0100%	8h	$72.2M	$111.1M	50x	as long as short
Aevo 1000PEPE-PERP	+7.675%	+0.0096%	1h	$122K	—	3x	as long as short
Orderly PERP_1000PEPE_USDC	+7.685%	+0.0060%	8h	$26K	$3K	20x	as long as short
BingX 1000PEPE-USDC	+7.688%	+0.0100%	8h	—	$2.3M	—	as long as short
gTrade (Gains Network) PEPE/USD	+7.698%	L +0.0005% / S −0.0002%	1h	$4K	—	150x	as long as short
Nado kPEPE-PERP	+7.713%	+0.0100%	1h	$193K	$403K	10x	as long as short
Injective PEPE/USDC PERP	+7.725%	−0.0104%	1h	$16K	$39K	12x	as long as short
Binance 1000PEPEUSDT	+7.729%	+0.0100%	8h	$96.8M	$450.4M	75x	as long as short
Aster 1000PEPEUSDT	+7.734%	+0.0375%	8h	$1.3M	$2.9M	50x	as long as short
Phemex u1000PEPEUSDT	+7.742%	−0.0053%	8h	$2.1M	$5.2M	50x	as long as short
MEXC PEPE_USDT	+7.752%	+0.0100%	8h	$92.0M	$199.4M	300x	as long as short
Reya kPEPERUSDPERP	+7.753%	+0.0188%	1h	$7K	—	15x	as long as short
Pacifica kPEPE	+7.775%	+0.0100%	1h	$51K	$37K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+7.775%	+0.0200%	1h	$577K	$6.6M	50x	as long as short
Variational Omni 1000PEPE	+7.785%	+0.0100%	8h	$530K	$1.6M	—	as long as short
SunX 1000PEPE-USDT	+7.793%	+0.0100%	8h	$1K	$1.4M	20x	as long as short
dYdX PEPE-USD	+7.797%	0.0000%	1h	$16K	$908	10x	as long as short
Paradex kPEPE-USD-PERP	+7.801%	+0.0097%	8h	$5K	$52	20x	as long as short
Lighter 1000PEPE	+7.825%	+0.0704%	1h	$772K	$2.5M	10x	as long as short
Bitget PEPEUSDT	+7.845%	+0.0100%	8h	$38.8M	$66.6M	75x	as long as short
Hyperliquid kPEPEshort	+7.950%	+0.0174%	1h	$48.5M	$35.7M	10x