Funding you earn now, next payment 01:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h −0.044%
Price spread now: Extended against Injective−0.818%100s7-day average −0.610% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as 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−$1001.002% of the position
Funding, last 7 days−0.314%−$31 on $10k
+Price spread, last 3 days (all we have)+0.708%+$71 · spread now −0.818%, 7d avg −0.610%
=Together, before fees+0.394%+ Points / potential airdropExtended: Active · farm board+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.208% cheaper against Injective than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.610%). Swap the legs. The two prices were read 100 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 | Injective PEPE/USDC PERP | 0.000004983 | 0.0636 | pay 0.0079% / 1h | 27m 42s | $4K | $102K | 12x |
| Short | Extended 1000PEPE-USD | 0.000004942 | 0.0496 | get 0.0062% / 1h | 27m 42s | $543K | $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
- −$29.3
- Price spread: −0.818% → −0.610%
- −$20.78
- Slippage, 4 orders
- −$95.22
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$150.32
- Costs to cover
- 1.002%
- Break-even
- never at this rate
Slippage from Injective: live order book, 46 min ago; Extended: live order book, 45 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, 46 min ago | 18.02 bp | 66.5 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 45 min ago | 3.17 bp | 7.8 bp −$8 | 46.4 bp −$464 | 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 | −0.0118% | 1h | 0.000004938 | −0.899% | $3.9M | $14.0M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004940 | −0.863% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004926 | −1.142% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004944 | −0.783% | $58K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004937 | −0.925% | $91.6M | $304.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004942 | −0.823% | $157.0M | $66.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004944 | −0.783% | $25.0M | $56.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004942 | −0.813% | $43.0M | $152.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004960 | −0.467% | $585K | $4.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004971 | −0.236% | $52K | $379K | 20x | as long as short |
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 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004937 | −0.919% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004937 | −0.923% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004968 | −0.303% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004932 | −1.021% | $2.4M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0181% | 8h | 0.000004941 | −0.843% | $43.4M | $526.1M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004920 | −1.269% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0205% | 8h | 0.000004943 | −0.810% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0287% | 8h | 0.000004936 | −0.935% | $30K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0302% | 8h | 0.000004974 | −0.181% | $4.0M | $23.6M | 75x | as long as short |
| Lighter 1000PEPE | +0.0368% | 1h | 0.000004946 | −0.743% | $580K | $6.7M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004945 | −0.763% | $661K | $26.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0440% | 1h | 0.000004944 | −0.783% | $102K | $754K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0472% | 1h | 0.000004919 | −1.291% | $190K | $857K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0477% / S −0.0379% | 1h | 0.000004000 | −19.727% | $61K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0480% | 1h | 0.000004954 | −0.582% | $1K | $2K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0483% | 8h | 0.000004943 | −0.809% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000004940 | −0.863% | $140K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0489% | 8h | 0.000004946 | −0.744% | $137.9M | $1.10B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0494% | 8h | 0.000004942 | −0.819% | $97.3M | $285.1M | 300x | as long as short |
| Extended 1000PEPE-USDshort | +0.0496% | 1h | 0.000004942 | −0.818% | $543K | $148K | 25x | |
| Aster 1000PEPEUSDT | +0.0518% | 8h | 0.000004948 | −0.708% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0554% | 1h | 0.000004940 | −0.863% | $94K | $601K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0561% | 1h | 0.000004938 | −0.903% | $67K | $110K | 25x | as long as short |
| Injective PEPE/USDC PERPlong | +0.0636% | 1h | 0.000004983 | long leg | $4K | $102K | 12x | |
| Hyperliquid kPEPE | +0.0699% | 1h | 0.000004956 | −0.542% | $59.1M | $119.6M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE