Funding you earn now, next payment 01:00 UTC−0.0536%/8h= −58.6% APRpaid last 24h −0.097%
Price spread now: edgeX against Injective+0.281%7-day average −0.601% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$950.947% of the position
Funding, last 7 days−0.331%−$33 on $10k
+Price spread, last 3 days (all we have)−0.338%−$34 · spread now +0.281%, 7d avg −0.601%
=Together, before fees−0.669%+ Points / potential airdropedgeX: Active · farm board−$67 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.882% dearer against Injective than usual: you sell high and buy low (spread +0.281% now, against its 7-day average of −0.601%): +$88 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.331% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.331% in total (about -17.2% 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 | 0.000005069 | 0.0636 | pay 0.0079% / 1h | 3m 07s | $4K | $102K | 12x |
| Short | edgeX 1000PEPEUSDC | 0.000005083 | 0.0100 | get 0.0050% / 4h | 3h 03m | $46K | $386K | 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
- −$112.46
- Price spread: +0.281% → −0.601%
- $88.2
- Slippage, 4 orders
- −$85.64
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$118.93
- Costs to cover
- 0.947%
- Break-even
- never at this rate
Slippage from Injective: live order book, 5 min ago; edgeX: live order book, 5 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, 5 min ago | 22.64 bp | 59.9 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 5 min ago | 1.38 bp | 6.1 bp −$6 | 26.3 bp −$263 | 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 | −0.0117% | 1h | 0.000005021 | −0.955% | $3.9M | $14.3M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005016 | −1.053% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005020 | −0.969% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005020 | −0.967% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005012 | −1.121% | $95.5M | $311.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005023 | −0.907% | $161.5M | $69.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005022 | −0.931% | $25.4M | $58.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005018 | −1.000% | $44.4M | $156.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005053 | −0.324% | $591K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000005083 | +0.281% | $46K | $386K | 20x |
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 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005026 | −0.848% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005023 | −0.907% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005023 | −0.902% | $565K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005021 | −0.955% | $2.4M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005023 | −0.902% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0191% | 8h | 0.000005016 | −1.046% | $44.6M | $545.4M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0235% | 1h | 0.000005063 | −0.118% | $111K | $752K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0271% | 8h | 0.000005030 | −0.771% | $32K | $22K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0306% | 8h | 0.000005018 | −1.004% | $6K | $16 | 20x | as long as short |
| BloFin PEPE-USDT | +0.0313% | 8h | 0.000005013 | −1.105% | $4.1M | $24.4M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0347% | 1h | 0.000005028 | −0.809% | $61K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005023 | −0.907% | $630K | $28.1M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0452% | 8h | 0.000005018 | −1.008% | — | $257.7M | — | as long as short |
| Extended 1000PEPE-USD | +0.0472% | 1h | 0.000005029 | −0.794% | $552K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0472% | 1h | 0.000005021 | −0.947% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0475% | 8h | 0.000005021 | −0.951% | $96.7M | $293.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0476% | 8h | 0.000005017 | −1.026% | $138.7M | $1.13B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0501% / S −0.0406% | 1h | 0.000005000 | −1.361% | $63K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0535% | 8h | 0.000005027 | −0.833% | $1.7M | $7.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0590% | 1h | 0.000005021 | −0.944% | $188K | $867K | 10x | as long as short |
| Lighter 1000PEPE | +0.0616% | 1h | 0.000005025 | −0.868% | $650K | $6.9M | 10x | as long as short |
| Injective PEPE/USDC PERPlong | +0.0636% | 1h | 0.000005069 | long leg | $4K | $102K | 12x | |
| Backpack kPEPE_USDC_PERP | +0.0663% | 1h | 0.000005020 | −0.957% | $95K | $601K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0664% | 1h | 0.000005027 | −0.829% | $1K | $2K | 10x | as long as short |
| Hyperliquid kPEPE | +0.2287% | 1h | 0.000005037 | −0.631% | $56.1M | $133.1M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Hyperliquid kPEPE