PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h −0.051%

Price spread now: GMX against Injective−19.727%7-day average — · you buy dearer than you sell

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

Long on Injective 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—needs both histories

Funding pays, the price is against you. GMX is 19.727% cheaper against Injective than usual: you would sell low and buy high (spread −19.727% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,973 on $10k: about 23 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PEPE/USDC PERP	0.000004983	0.0636	pay 0.0079% / 1h	28m 28s	$4K	$102K	12x
Short	GMX PEPE/USD [ETH-USDC]	0.000004000	L +0.0477% / S −0.0730%	get 0.0091% / 1h	28m 28s	$48K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now −19.727%Rate

Funding earned: $19.75
Price spread: −19.727% → 0.000%: −$1,972.71
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,964.98
Costs to cover: 0.120%
Break-even: 703.6 days

Slippage unknown: Injective: live order book, 45 min ago; 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 Injective live order book, 45 min ago	18.02 bp	66.5 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Kraken Futures PF_PEPEUSD	−0.0118%	1h	0.000004969	−0.275%	$3.9M	$14.0M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004964	−0.381%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004966	−0.351%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004966	−0.341%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004920	−1.264%	$91.3M	$303.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004953	−0.602%	$157.5M	$66.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004963	−0.411%	$25.2M	$56.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004917	−1.318%	$42.8M	$152.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004960	−0.467%	$585K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004971	−0.236%	$52K	$379K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004979	−0.082%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004969	−0.281%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004963	−0.401%	$557K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004962	−0.419%	$2.4M	$6.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0181%	8h	0.000004922	−1.224%	$43.3M	$524.0M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004920	−1.269%	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0206%	8h	0.000004964	−0.390%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0289%	8h	0.000004974	−0.175%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0302%	8h	0.000004974	−0.181%	$4.0M	$23.6M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004974	−0.181%	$634K	$27.0M	50x	as long as short
Lighter 1000PEPE	+0.0384%	1h	0.000004969	−0.281%	$582K	$6.7M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0440%	1h	0.000004944	−0.783%	$102K	$754K	25x	as long as short
Nado kPEPE-PERP	+0.0472%	1h	0.000004919	−1.291%	$190K	$857K	10x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0477% / S −0.0730%	1h	0.000004000	−19.727%	$48K	—	100x
01 Exchange kPEPEUSD	+0.0480%	1h	0.000004926	−1.144%	$1K	$2K	10x	as long as short
BingX 1000PEPE-USDC	+0.0483%	8h	0.000004940	−0.859%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0494%	8h	0.000004923	−1.198%	$137.2M	$1.10B	75x	as long as short
Extended 1000PEPE-USD	+0.0496%	1h	0.000004960	−0.460%	$546K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0497%	8h	0.000004971	−0.249%	$100.8M	$284.4M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0504%	1h	0.000004988	+0.100%	$141K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0527%	8h	0.000004964	−0.384%	$1.5M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0568%	1h	0.000004968	−0.309%	$94K	$601K	15x	as long as short
Injective PEPE/USDC PERPlong	+0.0636%	1h	0.000004983	long leg	$4K	$102K	12x
Hyperliquid kPEPE	+0.0646%	1h	0.000004978	−0.100%	$60.1M	$118.9M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0756%	1h	0.000004973	−0.201%	$68K	$110K	25x	as long as short