Funding you earn now, next payment 06:00 UTC+0.1279%/8h= +140.1% APRpaid last 24h +0.084%
Price spread now: Injective against edgeX−0.040%7-day average +0.557% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1011.005% of the position
Funding, last 7 days+0.313%+$31 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.040%, 7d avg +0.557%
=Together, before fees+0.209%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.597% cheaper against edgeX than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.557%). If the spread goes back, that is −$60 on $10k: about 37 hours of funding at the current rate (+$38 a day). At the pace of the last 7 days (+0.313% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.313% in total (about 16.3% 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 | edgeX 1000PEPEUSDC | 0.000004994 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $27K | $537K | 20x |
| Short | Injective PEPE/USDC PERP | 0.000004992 | 0.1379 | get 0.0172% / 1h | 22m 45s | $3K | $111K | 12x |
edgeX 1000PEPEUSDC
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against edgeX. 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
- $268.67
- Price spread: −0.040% → +0.557%
- −$59.72
- Slippage, 4 orders
- −$91.49
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $108.44
- Costs to cover
- 1.005%
- Break-even
- 4.2 days
Slippage from edgeX: live order book, 26 min ago; Injective: live order book, 26 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 edgeX live order book, 26 min ago | 0.99 bp | 5.6 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Injective live order book, 26 min ago | 16.91 bp | 16.9 bp −$17 | 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 | 0.000005017 | +0.471% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000005018 | +0.477% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005027 | +0.661% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005024 | +0.611% | $98.4M | $405.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005016 | +0.441% | $160.9M | $94.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005019 | +0.493% | $24.9M | $71.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005002 | +0.154% | $598K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000004994 | long leg | $27K | $537K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005028 | +0.687% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005022 | +0.555% | $562K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005024 | +0.592% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0209% | 1h | 0.000005023 | +0.581% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0333% | 8h | 0.000005020 | +0.519% | $45.1M | $210.4M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0396% | 8h | 0.000005023 | +0.589% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0422% | 8h | 0.000005030 | +0.721% | $46.5M | $688.5M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0549% | 8h | 0.000005021 | +0.541% | $4.4M | $28.0M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0560% | 8h | 0.000005029 | +0.703% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0639% | 1h | 0.000005020 | +0.519% | $73K | $831K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0646% | 8h | 0.000005024 | +0.597% | $2.4M | $7.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0656% | 1h | 0.000005028 | +0.681% | $597K | $9.0M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005026 | +0.641% | $606 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005025 | +0.621% | $635K | $36.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0689% | 1h | 0.000005000 | +0.120% | $154K | $813K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0710% | 1h | 0.000005025 | +0.622% | $165K | $943K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0747% | 1h | 0.000005021 | +0.541% | $72K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0756% | 8h | 0.000005022 | +0.567% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0790% | 8h | 0.000005016 | +0.433% | $95.6M | $302.2M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005020 | +0.516% | $530K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005026 | +0.641% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0792% | 8h | 0.000005025 | +0.629% | $140.9M | $1.41B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0839% | 8h | 0.000005024 | +0.607% | $1.8M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0851% | 1h | 0.000005020 | +0.528% | $4.6M | $16.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0981% | 1h | 0.000005028 | +0.681% | $53.0M | $152.3M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1128% / S −0.2171% | 1h | 0.000005000 | +0.120% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERPshort | +0.1379% | 1h | 0.000004992 | −0.040% | $3K | $111K | 12x |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]