Funding you earn now, next payment 05:00 UTC−0.0431%/8h= −47.2% APRpaid last 24h +0.051%
Price spread now: Injective against BloFin+0.152%7-day average +0.557% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1091.087% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.152%, 7d avg +0.557%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Injective is 0.405% cheaper against BloFin than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.557%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.148%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEPE-USDT | 0.000005247 | 0.0523 | pay 0.0523% / 8h | 3h 57m | $4.5M | $27.5M | 75x |
| Short | Injective PEPE/USDC PERP | 0.000005255 | 0.0092 | get 0.0011% / 1h | 57m 45s | $3K | $110K | 12x |
BloFin PEPE-USDT
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$90.55
- Price spread: +0.152% → +0.557%
- −$40.45
- Slippage, 4 orders
- −$96.67
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$239.68
- Costs to cover
- 1.087%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Injective: live order book, 61 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 BloFin live order book, 6 min ago | 4.77 bp | 10.9 bp −$11 | 16.8 bp −$168 | 38.0 bp −$3,802 | 109.0 bp −$54.5K |
| Sell Injective live order book, 61 min ago | 34.65 bp | 34.7 bp −$35 | 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 | 0.000005257 | +0.183% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005240 | −0.143% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0092% | 1h | 0.000005255 | +0.152% | $3K | $110K | 12x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005266 | +0.362% | $69K | $152K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005256 | +0.175% | $102.7M | $365.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005265 | +0.343% | $171.9M | $83.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005260 | +0.250% | $27.3M | $66.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005245 | −0.046% | $840K | $4.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005257 | +0.193% | $38K | $492K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005267 | +0.375% | $1K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005260 | +0.242% | $611K | $3.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005243 | −0.075% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0240% | 8h | 0.000005264 | +0.320% | $48.5M | $183.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0368% | 8h | 0.000005256 | +0.170% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0405% | 8h | 0.000005262 | +0.286% | $50.9M | $656.8M | 50x | as long as short |
| BloFin PEPE-USDTlong | +0.0523% | 8h | 0.000005247 | long leg | $4.5M | $27.5M | 75x | |
| Phemex u1000PEPEUSDT | +0.0603% | 8h | 0.000005263 | +0.303% | $2.6M | $7.4M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005254 | +0.133% | $772K | $35.5M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0729% | 8h | 0.000005260 | +0.246% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0784% | 1h | 0.000005270 | +0.439% | $557K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000005262 | +0.286% | $149K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0785% | 8h | 0.000005265 | +0.343% | $102.0M | $290.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0788% | 8h | 0.000005266 | +0.360% | $153.1M | $1.29B | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0802% | 8h | 0.000005261 | +0.270% | $6K | — | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0809% | 1h | 0.000005261 | +0.267% | $2K | $10K | 10x | as long as short |
| Lighter 1000PEPE | +0.0824% | 1h | 0.000005277 | +0.572% | $637K | $8.4M | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0855% | 1h | 0.000005267 | +0.381% | $179K | $746K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0856% / S −0.1686% | 1h | 0.000005000 | −4.707% | $64K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0900% | 8h | 0.000005268 | +0.404% | $1.9M | $9.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.1201% | 1h | 0.000005245 | −0.037% | $184K | $910K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1274% | 1h | 0.000005257 | +0.191% | $74K | $126K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1336% | 1h | 0.000005252 | +0.095% | $633 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1343% | 1h | 0.000005275 | +0.530% | $84K | $715K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1551% | 1h | 0.000005264 | +0.326% | $4.8M | $16.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1664% | 1h | 0.000005280 | +0.629% | $57.4M | $143.5M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
Lighter 1000PEPE
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE