Funding you earn now, next payment 01:00 UTC+0.0295%/8h= +32.3% APRnext payment +$0.37 per $10,000 · paid last 24h −0.056%
Price spread now: Deribit against Injective+0.079%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1041.038% of the position
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 +$9 a day on $10k at the current rate, and Deribit is 0.079% dearer against Injective than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.369%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PEPE/USDC PERP | 0.000005084 | 0.0636 | pay 0.0079% / 1h | 14m 29s | $4K | $102K | 12x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005088 | 0.0931 | get 0.0116% / 1h | 14m 29s | $62K | $114K | 25x |
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- $61.98
- Price spread: +0.079% → 0.000%
- $7.87
- Slippage, 4 orders
- −$96.77
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$33.95
- Costs to cover
- 1.038%
- Break-even
- 10.8 days
Slippage from Injective: live order book, 59 min ago; Deribit: live order book, 24 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 Injective live order book, 59 min ago | 18.02 bp | 66.5 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 24 min ago | 6.11 bp | 9.6 bp −$10 | 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 | −0.0115% | 1h | 0.000005088 | +0.087% | $4.0M | $14.2M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005060 | −0.468% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005049 | −0.690% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005071 | −0.256% | $60K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005049 | −0.681% | $95.0M | $308.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005063 | −0.413% | $162.3M | $68.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005062 | −0.433% | $26.0M | $57.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005065 | −0.378% | $44.9M | $154.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005052 | −0.635% | $591K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005019 | −1.278% | $52K | $380K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005091 | +0.140% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005086 | +0.039% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005065 | −0.374% | $570K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005083 | −0.030% | $2.4M | $6.7M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0173% | 1h | 0.000005021 | −1.239% | $104K | $750K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005065 | −0.375% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0196% | 8h | 0.000005051 | −0.649% | $45.1M | $544.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0252% | 8h | 0.000005060 | −0.479% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0274% | 8h | 0.000005051 | −0.645% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0313% | 8h | 0.000005087 | +0.059% | $4.2M | $24.4M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005088 | +0.079% | $694K | $28.0M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0465% | 8h | 0.000005055 | −0.578% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005063 | −0.423% | $557K | $163K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005073 | −0.216% | $143K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0481% | 8h | 0.000005066 | −0.358% | $100.6M | $290.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0483% | 8h | 0.000005060 | −0.478% | $139.8M | $1.12B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0490% / S −0.0826% | 1h | 0.000005000 | −1.652% | $47K | — | 100x | as long as short |
| Nado kPEPE-PERP | +0.0532% | 1h | 0.000005061 | −0.458% | $190K | $863K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0534% | 8h | 0.000005068 | −0.305% | $1.5M | $7.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0536% | 1h | 0.000005071 | −0.256% | $664K | $6.8M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0584% | 1h | 0.000005067 | −0.334% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0602% | 1h | 0.000005090 | +0.112% | $97K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERPlong | +0.0636% | 1h | 0.000005084 | long leg | $4K | $102K | 12x | |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0931% | 1h | 0.000005088 | +0.079% | $62K | $114K | 25x | |
| Hyperliquid kPEPE | +0.1807% | 1h | 0.000005086 | +0.039% | $57.8M | $130.5M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE