Funding you earn now, next payment 03:00 UTC−0.0873%/8h= −95.6% APRpaid last 24h −0.079%
Price spread now: edgeX against Injective−0.804%7-day average −0.577% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$950.954% of the position
Funding, last 7 days−0.312%−$31 on $10k
+Price spread, last 4 days (all we have)+0.439%+$44 · spread now −0.804%, 7d avg −0.577%
=Together, before fees+0.127%+ Points / potential airdropedgeX: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and edgeX is 0.227% cheaper against Injective than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.577%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.312% 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 | Injective PEPE/USDC PERP | 0.000005105 | 0.0973 | pay 0.0122% / 1h | 39m 59s | $4K | $102K | 12x |
| Short | edgeX 1000PEPEUSDC | 0.000005064 | 0.0100 | get 0.0050% / 4h | 1h 39m | $27K | $422K | 20x |
Injective PEPE/USDC PERP
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$183.26
- Price spread: −0.804% → −0.577%
- −$22.67
- Slippage, 4 orders
- −$86.41
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$301.35
- Costs to cover
- 0.954%
- Break-even
- never at this rate
Slippage from Injective: live order book, 24 min ago; edgeX: live order book, 23 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, 24 min ago | 10.84 bp | 73.6 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 23 min ago | 0.88 bp | 5.5 bp −$5 | 108.0 bp −$1,080 | 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 | 0.000005060 | −0.872% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005059 | −0.909% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005066 | −0.764% | $64K | $135K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005060 | −0.881% | $98.9M | $333.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005063 | −0.823% | $165.9M | $73.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005063 | −0.831% | $25.5M | $62.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005063 | −0.831% | $46.5M | $171.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005050 | −1.087% | $680K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000005064 | −0.804% | $27K | $422K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005069 | −0.709% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
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 | 0.000005062 | −0.850% | $578K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005065 | −0.780% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0304% | 8h | 0.000005064 | −0.803% | $46.0M | $585.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0314% | 8h | 0.000005071 | −0.662% | $33K | $24K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0420% | 8h | 0.000005057 | −0.940% | $4.4M | $25.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0540% | 1h | 0.000005065 | −0.784% | $61K | $114K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0563% | 8h | 0.000005066 | −0.754% | — | $260.8M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0571% / S −0.0878% | 1h | 0.000005000 | −2.057% | $50K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005071 | −0.666% | $839K | $31.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0589% | 1h | 0.000005068 | −0.725% | $2K | $12K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0600% | 1h | 0.000005061 | −0.856% | $536K | $221K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0600% | 1h | 0.000005069 | −0.705% | $143K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0601% | 8h | 0.000005060 | −0.883% | $96.4M | $287.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0603% | 8h | 0.000005062 | −0.838% | $141.9M | $1.20B | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0641% | 8h | 0.000005071 | −0.666% | $2.4M | $7.0M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0697% | 8h | 0.000005070 | −0.695% | $1.8M | $9.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0753% | 8h | 0.000005062 | −0.847% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0894% | 1h | 0.000005065 | −0.790% | $184K | $866K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0941% | 1h | 0.000005067 | −0.750% | $99K | $618K | 15x | as long as short |
| Injective PEPE/USDC PERPlong | +0.0973% | 1h | 0.000005105 | long leg | $4K | $102K | 12x | |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005067 | −0.744% | $611 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0992% | 1h | 0.000005065 | −0.784% | $99K | $752K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1373% | 1h | 0.000005068 | −0.722% | $4.2M | $15.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.1536% | 1h | 0.000005070 | −0.686% | $720K | $8.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1822% | 1h | 0.000005073 | −0.627% | $55.8M | $137.5M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE