Funding you earn now, next payment 02:00 UTC+0.0720%/8h= +78.8% APRnext payment +$0.90 per $10,000 · paid last 24h +0.075%
Price spread now: Injective against Reya+0.889%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Injective is 0.889% dearer against Reya than usual: you sell high and buy low: +$89 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya kPEPERUSDPERP | 0.000005053 | 0.0189 | pay 0.0024% / 1h | 23m 42s | $8K | — | 15x |
| Short | Injective PEPE/USDC PERP | 0.000005098 | 0.0909 | get 0.0114% / 1h | 23m 42s | $4K | $102K | 12x |
Reya kPEPERUSDPERP
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Reya. 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
- $151.18
- Price spread: +0.889% → 0.000%
- $88.94
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $234.09
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Injective: live order book, 45 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 45 min ago | 22.64 bp | 22.7 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PEPE on 34 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 | 0.000005052 | −0.029% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005043 | −0.205% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005059 | +0.118% | $61K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005053 | −0.009% | $98.0M | $323.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005056 | +0.058% | $161.4M | $70.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005055 | +0.040% | $25.2M | $60.7M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005057 | +0.082% | $46.9M | $160.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005092 | +0.764% | $624K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005086 | +0.650% | $34K | $413K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005056 | +0.052% | $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
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005060 | +0.139% | $570K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000005053 | long leg | $8K | — | 15x | |
| OKX PEPE-USDT-SWAP | +0.0231% | 8h | 0.000005057 | +0.078% | $45.1M | $567.9M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0278% | 8h | 0.000005053 | −0.001% | $33K | $23K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0319% | 8h | 0.000005067 | +0.272% | $2.4M | $7.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0321% | 1h | 0.000005065 | +0.236% | $107K | $746K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005056 | +0.058% | $712K | $29.6M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0486% | 8h | 0.000005055 | +0.036% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0511% / S −0.0537% | 1h | 0.000005000 | −1.050% | $56K | — | 100x | as long as short |
| Extended 1000PEPE-USD | +0.0520% | 1h | 0.000005057 | +0.075% | $557K | $199K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0522% | 8h | 0.000005057 | +0.076% | $94.7M | $290.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0523% | 8h | 0.000005059 | +0.112% | $142.9M | $1.17B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0528% | 1h | 0.000005059 | +0.118% | $143K | — | 3x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0542% | 1h | 0.000005055 | +0.038% | $61K | $114K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0552% | 8h | 0.000005059 | +0.118% | $6K | $16 | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0554% | 1h | 0.000005056 | +0.058% | $2K | $12K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0618% | 8h | 0.000005055 | +0.038% | $1.7M | $8.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0635% | 1h | 0.000005052 | −0.028% | $181K | $881K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0823% | 1h | 0.000005061 | +0.153% | $4.0M | $14.5M | 50x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0909% | 1h | 0.000005098 | +0.889% | $4K | $102K | 12x | |
| Backpack kPEPE_USDC_PERP | +0.0927% | 1h | 0.000005063 | +0.207% | $101K | $617K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005059 | +0.118% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1560% | 1h | 0.000005068 | +0.296% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2211% | 1h | 0.000005064 | +0.216% | $55.9M | $135.8M | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE