PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.067%

Price spread now: Injective against ApeX Omni−0.329%7-day average +0.624% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$1121.124% of the position

Long on ApeX Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.333%+$33 on $10k

Price spread, last 3 days (all we have)+0.174%+$17 · spread now −0.329%, 7d avg +0.624%

Together, before fees+0.507%+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.953% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.329% now, against its 7-day average of +0.624%). If the spread goes back, that is −$95 on $10k: about 3 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.333% in total) that is about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000PEPEUSDT	0.000004868	0.0841	pay 0.0105% / 1h	35m 18s	$104K	$764K	25x
Short	Injective PEPE/USDC PERP	0.000004852	0.0873	get 0.0109% / 1h	35m 18s	$4K	$103K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against ApeX Omni. 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 ApeX OmnibpFee InjectivebpOrdersPrice spread, now −0.329%Rate

Funding earned: $6.85
Price spread: −0.329% → +0.624%: −$95.29
Slippage, 4 orders: −$102.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$200.81
Costs to cover: 1.124%
Break-even: 212.2 days

Slippage from ApeX Omni: live order book, 49 min ago; Injective: live order book, 48 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 ApeX Omni live order book, 49 min ago	4.63 bp	11.9 bp −$12	62.5 bp −$625	doesn't fit	doesn't fit
Sell Injective live order book, 48 min ago	22.68 bp	22.7 bp −$23	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
dYdX PEPE-USD	0.0000%	1h	0.000004838	−0.609%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004841	−0.561%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004846	−0.452%	$597K	$5.5M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004843	−0.514%	$62.0M	$78.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004843	−0.514%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004843	−0.514%	$87.6M	$279.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004842	−0.534%	$151.6M	$62.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004846	−0.448%	$24.9M	$53.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004851	−0.350%	$581K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004858	−0.210%	$27K	$343K	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	0.000004862	−0.125%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004848	−0.411%	$2K	$9K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004850	−0.368%	$549K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0155%	8h	0.000004844	−0.497%	$42.7M	$151.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004847	−0.438%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0203%	8h	0.000004844	−0.493%	$41.9M	$493.6M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0213% / S −0.0093%	1h	0.000004000	−17.831%	$54K	—	100x	as long as short
BloFin PEPE-USDT	+0.0323%	8h	0.000004858	−0.205%	$3.9M	$22.3M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0379%	8h	0.000004844	−0.496%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0407%	8h	0.000004842	−0.528%	$2.3M	$6.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0444%	8h	0.000004844	−0.483%	$30K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004853	−0.308%	$616K	$25.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.0472%	1h	0.000004849	−0.390%	$555	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0575%	1h	0.000004850	−0.370%	$82K	$94K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0619%	1h	0.000004844	−0.499%	$91K	$614K	15x	as long as short
Nado kPEPE-PERP	+0.0730%	1h	0.000004845	−0.479%	$186K	$854K	10x	as long as short
BingX 1000PEPE-USDT	+0.0808%	8h	0.000004845	−0.466%	—	$256.1M	—	as long as short
Binance 1000PEPEUSDT	+0.0832%	8h	0.000004846	−0.446%	$130.6M	$1.03B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0832%	1h	0.000004847	−0.431%	$137K	—	3x	as long as short
MEXC PEPE_USDT	+0.0836%	8h	0.000004845	−0.468%	$92.2M	$283.6M	300x	as long as short
Extended 1000PEPE-USD	+0.0840%	1h	0.000004847	−0.424%	$532K	$148K	25x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0841%	1h	0.000004868	long leg	$104K	$764K	25x
Aster 1000PEPEUSDT	+0.0860%	8h	0.000004844	−0.487%	$1.5M	$7.0M	50x	as long as short
Injective PEPE/USDC PERPshort	+0.0873%	1h	0.000004852	−0.329%	$4K	$103K	12x
Kraken Futures PF_PEPEUSD	+0.1316%	1h	0.000004845	−0.465%	$4.0M	$13.3M	50x	as long as short