Funding you earn now, next payment 00:00 UTC−0.0123%/8h= −13.5% APRnext payment −$0.15 per $10,000 · paid last 24h +0.046%
Price spread now: Injective against Aevo−0.461%7-day average +0.572% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,333as in the Price arb table
costs, in and out, $10k−$1,23012.298% of the position
Funding, last 7 days+0.331%+$33 on $10k
+Price spread, last 3 days (all we have)+0.189%+$19 · spread now −0.461%, 7d avg +0.572%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 1.033% cheaper against Aevo than usual: you would sell low and buy high (−$103 if the spread goes back to its 7-day average of +0.572%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.331%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo 1000PEPE-PERP | 0.000004768 | 0.0560 | pay 0.0070% / 1h | 2m 34s | $135K | — | 3x |
| Short | Injective PEPE/USDC PERP | 0.000004746 | 0.0437 | get 0.0055% / 1h | 2m 34s | $4K | $102K | 12x |
Aevo 1000PEPE-PERP
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.91
- Price spread: −0.461% → +0.572%
- −$103.35
- Slippage, 4 orders
- −$1,213.77
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,359.04
- Costs to cover
- 12.298%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 11 min ago; Injective: live order book, 11 min ago.
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 Aevo live order book, 11 min ago | 273.02 bp | 579.1 bp −$579 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 11 min ago | 18.02 bp | 18.0 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0328% | 1h | 0.000004765 | −0.063% | $69.1M | $99.6M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004768 | +0.001% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004760 | −0.176% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004763 | −0.107% | $3.9M | $13.9M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004771 | +0.063% | $56K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004769 | +0.021% | $87.3M | $295.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004767 | −0.021% | $151.1M | $65.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004772 | +0.082% | $24.4M | $54.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004771 | +0.063% | $42.1M | $151.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004725 | −0.905% | $544K | $4.2M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004725 | −0.907% | $25K | $351K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004740 | −0.587% | $99K | $755K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004770 | +0.044% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004763 | −0.105% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004762 | −0.130% | $538K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0162% | 8h | 0.000004768 | +0.006% | $2.3M | $6.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0178% | 8h | 0.000004767 | −0.014% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0184% | 1h | 0.000004772 | +0.084% | $576K | $6.6M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004765 | −0.066% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0194% | 8h | 0.000004773 | +0.105% | $42.5M | $501.0M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0315% | 8h | 0.000004763 | −0.105% | $3.9M | $22.5M | 75x | as long as short |
| 01 Exchange kPEPEUSD | +0.0320% | 1h | 0.000004771 | +0.063% | $547 | $2K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0344% | 8h | 0.000004764 | −0.076% | $29K | $13K | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0395% / S −0.0434% | 1h | 0.000004000 | −16.107% | $43K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004753 | −0.315% | $558K | $25.6M | 50x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0437% | 1h | 0.000004746 | −0.461% | $4K | $102K | 12x | |
| Backpack kPEPE_USDC_PERP | +0.0536% | 1h | 0.000004768 | −0.008% | $93K | $603K | 15x | as long as short |
| BingX 1000PEPE-USDT | +0.0540% | 8h | 0.000004771 | +0.055% | — | $257.4M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0555% | 8h | 0.000004773 | +0.109% | $1.5M | $7.3M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0558% | 8h | 0.000004771 | +0.073% | $134.2M | $1.07B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0560% | 1h | 0.000004769 | +0.018% | $524K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0560% | 8h | 0.000004773 | +0.099% | $90.2M | $283.8M | 300x | as long as short |
| Aevo 1000PEPE-PERPlong | +0.0560% | 1h | 0.000004768 | long leg | $135K | — | 3x | |
| Nado kPEPE-PERP | +0.0583% | 1h | 0.000004771 | +0.057% | $180K | $849K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0800% | 1h | 0.000004765 | −0.063% | $77K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
01 Exchange kPEPEUSD
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL