PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0489%/8h= +53.6% APRnext payment +$0.61 per $10,000 · paid last 24h +0.056%

Price spread now: Injective against Deribit+0.673%63s7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1041.038% of the position

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.369%+$37 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Injective is 0.673% dearer against Deribit than usual: you sell high and buy low: +$67 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000PEPE_USDC-PERPETUAL	0.000005050	0.0146	pay 0.0018% / 1h	13m 52s	$61K	$114K	25x
Short	Injective PEPE/USDC PERP	0.000005084	0.0636	get 0.0079% / 1h	13m 52s	$4K	$102K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now +0.673%Rate

Funding earned: $102.78
Price spread: +0.673% → 0.000%: $67.33
Slippage, 4 orders: −$96.77
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $66.31
Costs to cover: 1.038%
Break-even: 2.5 days

Slippage from Deribit: live order book, 25 min ago; Injective: live order book, 60 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 Deribit live order book, 25 min ago	6.11 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 60 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
Kraken Futures PF_PEPEUSD	−0.0116%	1h	0.000005049	−0.028%	$3.9M	$14.2M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005060	+0.202%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005049	−0.022%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005071	+0.416%	$60K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005052	+0.032%	$95.0M	$309.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005050	0.000%	$161.9M	$68.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005049	−0.018%	$25.6M	$57.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005051	+0.020%	$44.8M	$154.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005052	+0.034%	$591K	$4.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005019	−0.614%	$52K	$380K	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	0.000005055	+0.097%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005050	0.000%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005064	+0.285%	$570K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005042	−0.164%	$2.4M	$6.7M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.0146%	1h	0.000005050	long leg	$61K	$114K	25x
ApeX Omni 1000PEPEUSDT	+0.0173%	1h	0.000005021	−0.574%	$104K	$750K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005065	+0.296%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0196%	8h	0.000005056	+0.119%	$44.9M	$545.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0252%	8h	0.000005060	+0.191%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0274%	8h	0.000005051	+0.024%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0313%	8h	0.000005087	+0.733%	$4.2M	$24.4M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000005061	+0.218%	$684K	$27.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0457%	8h	0.000005053	+0.063%	—	$257.6M	—	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005050	+0.009%	$555K	$194K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005050	0.000%	$143K	—	3x	as long as short
MEXC PEPE_USDT	+0.0481%	8h	0.000005052	+0.040%	$99.4M	$290.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0483%	8h	0.000005053	+0.063%	$139.6M	$1.12B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0490% / S −0.0826%	1h	0.000005000	−0.990%	$47K	—	100x	as long as short
Nado kPEPE-PERP	+0.0532%	1h	0.000005061	+0.212%	$190K	$863K	10x	as long as short
Aster 1000PEPEUSDT	+0.0534%	8h	0.000005053	+0.067%	$1.5M	$7.5M	50x	as long as short
Lighter 1000PEPE	+0.0552%	1h	0.000005053	+0.059%	$662K	$6.8M	10x	as long as short
01 Exchange kPEPEUSD	+0.0584%	1h	0.000005067	+0.337%	$1K	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0605%	1h	0.000005046	−0.075%	$96K	$601K	15x	as long as short
Injective PEPE/USDC PERPshort	+0.0636%	1h	0.000005084	+0.673%	$4K	$102K	12x
Hyperliquid kPEPE	+0.1822%	1h	0.000005070	+0.396%	$57.6M	$130.6M	10x	as long as short