Funding you earn now, next payment 03:00 UTC+0.0873%/8h= +95.6% APRnext payment +$1.09 per $10,000 · paid last 24h +0.101%
Price spread now: Injective against Pacifica−0.273%7-day average +0.561% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$1191.188% of the position
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 3 days (all we have)+0.449%+$45 · spread now −0.273%, 7d avg +0.561%
=Together, before fees+0.787%+ Points / potential airdropPacifica: Active · farm board+$79 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.834% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.273% now, against its 7-day average of +0.561%). If the spread goes back, that is −$83 on $10k: about 3.2 days of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.338% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.338% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 per $10,000. 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 | Pacifica kPEPE | 0.000005119 | 0.0100 | pay 0.0013% / 1h | 59m 16s | $63K | $128K | 10x |
| Short | Injective PEPE/USDC PERP | 0.000005105 | 0.0973 | get 0.0122% / 1h | 59m 16s | $4K | $102K | 12x |
Pacifica kPEPE
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Pacifica. 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
- $183.26
- Price spread: −0.273% → +0.561%
- −$83.42
- Slippage, 4 orders
- −$110.82
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$19
- Costs to cover
- 1.188%
- Break-even
- 7.7 days
Slippage from Pacifica: live order book, 3 min ago; Injective: live order book, 4 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 Pacifica live order book, 3 min ago | 6.84 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 4 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 | 0.000005111 | −0.154% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005104 | −0.285% | $18K | — | 150x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000005119 | long leg | $63K | $128K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005107 | −0.240% | $99.6M | $327.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005106 | −0.254% | $163.6M | $72.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005106 | −0.252% | $25.5M | $61.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005113 | −0.123% | $47.7M | $167.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005100 | −0.379% | $681K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005107 | −0.238% | $27K | $424K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005119 | −0.006% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | 0.000005109 | −0.201% | $582K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005108 | −0.210% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0274% | 8h | 0.000005112 | −0.137% | $46.3M | $582.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0295% | 8h | 0.000005111 | −0.150% | $34K | $24K | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0375% | 1h | 0.000005114 | −0.098% | $2K | $12K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0489% | 8h | 0.000005109 | −0.197% | $2.4M | $7.0M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0530% | 8h | 0.000005107 | −0.225% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0537% / S −0.0928% | 1h | 0.000005000 | −2.325% | $48K | — | 100x | as long as short |
| Aevo 1000PEPE-PERP | +0.0560% | 1h | 0.000005116 | −0.059% | $145K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0562% | 8h | 0.000005114 | −0.098% | $96.8M | $285.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0567% | 8h | 0.000005112 | −0.130% | $144.8M | $1.18B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0568% | 1h | 0.000005111 | −0.147% | $562K | $199K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005115 | −0.078% | $931K | $30.8M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0657% | 1h | 0.000005104 | −0.293% | $106K | $749K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0675% | 8h | 0.000005107 | −0.225% | $1.7M | $8.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0693% | 8h | 0.000005121 | +0.039% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0729% | 1h | 0.000005112 | −0.137% | $62K | $114K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0953% | 1h | 0.000005112 | −0.131% | $99K | $610K | 15x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0973% | 1h | 0.000005105 | −0.273% | $4K | $102K | 12x | |
| 01 Exchange kPEPEUSD | +0.1152% | 1h | 0.000005115 | −0.078% | $617 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.1331% | 1h | 0.000005111 | −0.152% | $194K | $882K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1361% | 1h | 0.000005111 | −0.154% | $4.1M | $14.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1536% | 1h | 0.000005116 | −0.059% | $56.5M | $136.5M | 10x | as long as short |
| Lighter 1000PEPE | +0.1544% | 1h | 0.000005121 | +0.039% | $1.1M | $7.4M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
SoDEX 1000PEPE-USD
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
Lighter 1000PEPE