Funding you earn now, next payment 00:00 UTC+0.0275%/8h= +30.2% APRnext payment +$0.34 per $10,000 · paid last 24h −0.050%
Price spread now: Extended against Injective+0.012%7-day average −0.631% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$1031.031% of the position
Funding, last 7 days−0.322%−$32 on $10k
+Price spread, last 3 days (all we have)+0.072%+$7 · spread now +0.012%, 7d avg −0.631%
=Together, before fees−0.249%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.642% dearer against Injective than usual: you sell high and buy low: +$64 more if the spread goes back to its 7-day average of −0.631%. Mind the row above: over the last 7 days funding on this pair cost −0.322%, 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 | 0.000004803 | 0.0437 | pay 0.0055% / 1h | 55m 15s | $4K | $102K | 12x |
| Short | Extended 1000PEPE-USD | 0.000004804 | 0.0712 | get 0.0089% / 1h | 55m 15s | $529K | $148K | 25x |
Injective PEPE/USDC PERP
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $57.83
- Price spread: +0.012% → −0.631%
- $64.23
- Slippage, 4 orders
- −$98.13
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $18.91
- Costs to cover
- 1.031%
- Break-even
- 4.7 days
Slippage from Injective: live order book, 23 min ago; Extended: 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, 23 min ago | 19.85 bp | 67.9 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 23 min ago | 3.13 bp | 7.7 bp −$8 | 45.3 bp −$453 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0125% | 1h | 0.000004800 | −0.062% | $65.7M | $86.7M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004800 | −0.058% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004803 | +0.004% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0066% | 1h | 0.000004803 | −0.010% | $3.9M | $13.4M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004803 | 0.000% | $59K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004805 | +0.044% | $86.8M | $286.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004804 | +0.021% | $150.9M | $63.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004807 | +0.083% | $24.7M | $54.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004804 | +0.027% | $42.4M | $149.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004798 | −0.107% | $596K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004805 | +0.045% | $28K | $344K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004810 | +0.137% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004804 | +0.021% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004807 | +0.079% | $544K | $3.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004806 | +0.063% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0221% | 8h | 0.000004805 | +0.042% | $41.5M | $496.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0228% | 8h | 0.000004806 | +0.063% | $5K | $16 | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0248% | 1h | 0.000004810 | +0.146% | $551 | $2K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0279% | 8h | 0.000004809 | +0.119% | $2.3M | $6.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0340% | 8h | 0.000004808 | +0.104% | $3.9M | $22.3M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0348% / S −0.0383% | 1h | 0.000004000 | −16.719% | $42K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.0392% | 1h | 0.000004803 | 0.000% | $657K | $6.2M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004811 | +0.167% | $568K | $25.7M | 50x | as long as short |
| Injective PEPE/USDC PERPlong | +0.0437% | 1h | 0.000004803 | long leg | $4K | $102K | 12x | |
| Orderly PERP_1000PEPE_USDC | +0.0441% | 8h | 0.000004805 | +0.033% | $30K | $12K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0537% | 1h | 0.000004800 | −0.067% | $91K | $617K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0598% | 1h | 0.000004805 | +0.042% | $100K | $761K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0683% | 8h | 0.000004807 | +0.075% | — | $256.5M | — | as long as short |
| Extended 1000PEPE-USDshort | +0.0712% | 1h | 0.000004804 | +0.012% | $529K | $148K | 25x | |
| MEXC PEPE_USDT | +0.0712% | 8h | 0.000004809 | +0.125% | $93.2M | $278.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0712% | 8h | 0.000004809 | +0.119% | $132.0M | $1.05B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0716% | 8h | 0.000004808 | +0.094% | $1.5M | $7.2M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0720% | 1h | 0.000004809 | +0.125% | $136K | — | 3x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0792% | 1h | 0.000004805 | +0.042% | $81K | $94K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0815% | 1h | 0.000004812 | +0.183% | $184K | $845K | 10x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP