PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0405%/8h= +44.3% APRnext payment +$0.51 per $10,000 · paid last 24h +0.044%

Price spread now: Injective against Aevo−0.797%59s7-day average +0.547% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,210as 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−$1,24212.422% of the position

Long on Aevo Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.324%+$32 on $10k

Price spread, last 3 days (all we have)+0.862%+$86 · spread now −0.797%, 7d avg +0.547%

Together, before fees+1.185%+$119 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 1.344% cheaper against Aevo than usual: you would sell low and buy high (spread −0.797% now, against its 7-day average of +0.547%). If the spread goes back, that is −$134 on $10k: about 11 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.324% in total) that is about 29 days. The two prices were read 59 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	Aevo 1000PEPE-PERP	0.000005146	0.0568	pay 0.0071% / 1h	55m 34s	$145K	—	3x
Short	Injective PEPE/USDC PERP	0.000005105	0.0973	get 0.0122% / 1h	55m 34s	$4K	$102K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee InjectivebpOrdersPrice spread, now −0.797%Rate

Funding earned: $84.98
Price spread: −0.797% → +0.547%: −$134.38
Slippage, 4 orders: −$1,226.16
Fee Aevo: 8 bp × 2 orders: −$16
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,291.59
Costs to cover: 12.422%
Break-even: 113.4 days

Slippage from Aevo: live order book, 8 min ago; Injective: live order book, 8 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 Aevo live order book, 8 min ago	279.53 bp	589.9 bp −$590	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 8 min ago	10.84 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit

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	0.000005105	−0.793%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0009%	1h	0.000005134	−0.225%	$19K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005117	−0.564%	$63K	$128K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005108	−0.740%	$99.6M	$328.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005114	−0.622%	$164.3M	$72.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005109	−0.709%	$25.5M	$61.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005112	−0.653%	$47.9M	$168.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005145	−0.026%	$696K	$4.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005103	−0.826%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005148	+0.049%	$2K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005143	−0.060%	$586K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005150	+0.081%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0283%	8h	0.000005111	−0.680%	$46.3M	$583.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0299%	8h	0.000005147	+0.012%	$34K	$24K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0481%	8h	0.000005138	−0.154%	$2.4M	$7.0M	50x	as long as short
BingX 1000PEPE-USDC	+0.0538%	8h	0.000005113	−0.639%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0544% / S −0.0821%	1h	0.000005000	−2.837%	$50K	—	100x	as long as short
Aevo 1000PEPE-PERPlong	+0.0568%	1h	0.000005146	long leg	$145K	—	3x
MEXC PEPE_USDT	+0.0572%	8h	0.000005110	−0.690%	$96.9M	$285.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0572%	8h	0.000005114	−0.618%	$144.8M	$1.18B	75x	as long as short
Extended 1000PEPE-USD	+0.0576%	1h	0.000005114	−0.615%	$542K	$219K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005148	+0.039%	$934K	$31.1M	50x	as long as short
Aster 1000PEPEUSDT	+0.0688%	8h	0.000005119	−0.527%	$1.7M	$8.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0709%	8h	0.000005111	−0.685%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0725%	1h	0.000005151	+0.089%	$197K	$858K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0766%	1h	0.000005144	−0.039%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0934%	1h	0.000005098	−0.933%	$105K	$749K	25x	as long as short
Injective PEPE/USDC PERPshort	+0.0973%	1h	0.000005105	−0.797%	$4K	$102K	12x
Deribit 1000PEPE_USDC-PERPETUAL	+0.1113%	1h	0.000005142	−0.078%	$62K	$114K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.1118%	1h	0.000005139	−0.146%	$100K	$610K	15x	as long as short
01 Exchange kPEPEUSD	+0.1192%	1h	0.000005120	−0.505%	$618	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1353%	1h	0.000005144	−0.036%	$4.3M	$14.9M	50x	as long as short
Lighter 1000PEPE	+0.1744%	1h	0.000005121	−0.486%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.1965%	1h	0.000005133	−0.253%	$56.7M	$136.7M	10x	as long as short