PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0280%/8h= −30.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.090%

Price spread now: GMX against Kraken Futures−0.888%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.888% cheaper against Kraken Futures than usual: you would sell low and buy high (−$89 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PEPEUSD	0.000005045	0.0826	pay 0.0103% / 1h	17m 22s	$4.0M	$14.5M	50x
Short	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.0517% / S −0.0546%	get 0.0068% / 1h	17m 22s	$56K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.888%Rate

Funding earned: −$58.81
Price spread: −0.888% → 0.000%: −$88.82
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$169.63
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	7.33 bp	19.1 bp −$19	28.7 bp −$287	76.4 bp −$7,640	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 34 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	0.000005038	−0.125%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005038	−0.143%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005043	−0.036%	$61K	$126K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005041	−0.081%	$97.7M	$324.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005041	−0.076%	$161.6M	$71.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005045	+0.012%	$25.4M	$60.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005046	+0.014%	$45.5M	$162.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005056	+0.213%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005039	−0.119%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005045	−0.002%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005041	−0.066%	$566K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005044	−0.015%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0242%	8h	0.000005044	−0.016%	$45.0M	$568.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0281%	8h	0.000005041	−0.068%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0333%	1h	0.000005041	−0.076%	$106K	$747K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005053	+0.162%	$746K	$29.8M	50x	as long as short
BingX 1000PEPE-USDC	+0.0497%	8h	0.000005041	−0.078%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.0517% / S −0.0546%	1h	0.000005000	−0.888%	$56K	—	100x
MEXC PEPE_USDT	+0.0525%	8h	0.000005047	+0.037%	$94.6M	$291.2M	300x	as long as short
Extended 1000PEPE-USD	+0.0528%	1h	0.000005043	−0.030%	$554K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	0.000005042	−0.056%	$143K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0529%	8h	0.000005042	−0.055%	$142.1M	$1.17B	75x	as long as short
Phemex u1000PEPEUSDT	+0.0536%	8h	0.000005045	+0.008%	$2.4M	$7.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0566%	1h	0.000005046	+0.024%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0592%	8h	0.000005043	−0.029%	$6K	$16	20x	as long as short
Aster 1000PEPEUSDT	+0.0625%	8h	0.000005046	+0.026%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0653%	1h	0.000005040	−0.089%	$180K	$881K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0742%	1h	0.000005044	−0.016%	$61K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.0826%	1h	0.000005045	long leg	$4.0M	$14.5M	50x
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+1.054%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0927%	1h	0.000005052	+0.135%	$98K	$618K	15x	as long as short
01 Exchange kPEPEUSD	+0.0952%	1h	0.000005044	−0.016%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1656%	1h	0.000005058	+0.261%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2140%	1h	0.000005050	+0.103%	$55.6M	$136.0M	10x	as long as short