Funding you earn now, next payment 04:00 UTC−0.0522%/8h= −57.2% APRnext payment −$0.65 per $10,000 · paid last 24h +0.024%
Price spread now: Injective against Extended−0.124%60s7-day average +0.584% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as 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−$1021.019% of the position
Funding, last 7 days+0.296%+$30 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.124%, 7d avg +0.584%
=Together, before fees+0.510%+ Points / potential airdropExtended: Active · farm board+$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 0.708% cheaper against Extended than usual: you would sell low and buy high (−$71 if the spread goes back to its 7-day average of +0.584%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.296%, so the current rate has only just turned against you. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.296% in total (about 15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 per $10,000. 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 | Extended 1000PEPE-USD | 0.000005262 | 0.0776 | pay 0.0097% / 1h | 2m 08s | $557K | $226K | 25x |
| Short | Injective PEPE/USDC PERP | 0.000005255 | 0.0254 | get 0.0032% / 1h | 2m 08s | $3K | $110K | 12x |
Extended 1000PEPE-USD
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- −$109.64
- Price spread: −0.124% → +0.584%
- −$70.79
- Slippage, 4 orders
- −$96.93
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$282.37
- Costs to cover
- 1.019%
- Break-even
- never at this rate
Slippage from Extended: live order book, 56 min ago; Injective: live order book, 56 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 Extended live order book, 56 min ago | 2.98 bp | 7.4 bp −$7 | 42.8 bp −$428 | doesn't fit | doesn't fit |
| Sell Injective live order book, 56 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 | 0.000005255 | −0.123% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005255 | −0.119% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005257 | −0.086% | $68K | $147K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005254 | −0.143% | $102.9M | $364.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005255 | −0.124% | $171.9M | $83.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005260 | −0.024% | $27.0M | $66.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005177 | −1.614% | $822K | $4.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005181 | −1.525% | $37K | $491K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005267 | +0.113% | $2K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005238 | −0.453% | $607K | $3.8M | 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
edgeX 1000PEPEUSDC
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 | 0.000005257 | −0.080% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0232% | 8h | 0.000005256 | −0.105% | $48.4M | $183.1M | 75x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0254% | 1h | 0.000005255 | −0.124% | $3K | $110K | 12x | |
| Orderly PERP_1000PEPE_USDC | +0.0366% | 8h | 0.000005263 | +0.030% | $35K | $25K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0400% | 8h | 0.000005255 | −0.124% | $50.8M | $653.9M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0525% | 8h | 0.000005259 | −0.048% | $4.6M | $27.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0608% | 8h | 0.000005269 | +0.138% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005258 | −0.067% | $770K | $35.5M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0701% | 1h | 0.000005260 | −0.029% | $75K | $126K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0729% | 8h | 0.000005251 | −0.206% | — | $263.3M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0765% | 1h | 0.000005263 | +0.028% | $2K | $10K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0767% | 8h | 0.000005263 | +0.028% | $101.4M | $294.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005257 | −0.086% | $149K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0776% | 8h | 0.000005266 | +0.091% | $151.4M | $1.28B | 75x | as long as short |
| Extended 1000PEPE-USDlong | +0.0776% | 1h | 0.000005262 | long leg | $557K | $226K | 25x | |
| Paradex kPEPE-USD-PERP | +0.0796% | 8h | 0.000005271 | +0.178% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0808% | 1h | 0.000005266 | +0.085% | $645K | $8.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0844% / S −0.1715% | 1h | 0.000005000 | −4.971% | $64K | — | 100x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0872% | 1h | 0.000005178 | −1.588% | $104K | $746K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0898% | 8h | 0.000005265 | +0.075% | $1.9M | $9.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0932% | 1h | 0.000005261 | −0.007% | $184K | $909K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1120% | 1h | 0.000005272 | +0.199% | $636 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1120% | 1h | 0.000005263 | +0.022% | $84K | $715K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1238% | 1h | 0.000005261 | −0.005% | $4.8M | $16.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1560% | 1h | 0.000005257 | −0.086% | $57.0M | $143.2M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
SoDEX 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE