Funding you earn now, next payment 04:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h +0.070%
Price spread now: Injective against Reya−1.894%52s7-day average — · you buy dearer than you sell
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
=Funding pays, the price is against you. Injective is 1.894% cheaper against Reya than usual: you would sell low and buy high (spread −1.894% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$189 on $10k: about 3 months of funding at the current rate (+$2 a day). 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 | 0.000005141 | 0.0189 | pay 0.0024% / 1h | 38m 12s | $8K | — | 15x |
| Short | Injective PEPE/USDC PERP | 0.000005044 | 0.0254 | get 0.0032% / 1h | 38m 12s | $3K | $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
- $13.67
- Price spread: −1.894% → 0.000%
- −$189.44
- 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
- −$181.79
- Costs to cover
- 0.060%
- Break-even
- 100.1 days
Slippage unknown: Reya: no order-book sample; Injective: live order book, 20 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, 20 min ago | 34.65 bp | 34.7 bp −$35 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005109 | −0.629% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005123 | −0.352% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005116 | −0.494% | $65K | $141K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005128 | −0.261% | $100.2M | $347.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005126 | −0.299% | $170.4M | $76.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005131 | −0.210% | $26.3M | $64.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005091 | −0.989% | $688K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005091 | −0.989% | $31K | $451K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005140 | −0.035% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005147 | +0.103% | $589K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0177% | 8h | 0.000005133 | −0.156% | $46.7M | $175.5M | 75x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000005141 | long leg | $8K | — | 15x | |
| Injective PEPE/USDC PERPshort | +0.0254% | 1h | 0.000005044 | −1.894% | $3K | $102K | 12x | |
| Orderly PERP_1000PEPE_USDC | +0.0336% | 8h | 0.000005132 | −0.187% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0368% | 8h | 0.000005133 | −0.163% | $46.6M | $609.6M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0488% | 8h | 0.000005096 | −0.883% | $4.3M | $25.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0566% | 8h | 0.000005123 | −0.362% | $2.4M | $7.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0642% | 8h | 0.000005134 | −0.152% | — | $2.3M | — | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005136 | −0.105% | $973K | $32.4M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0677% / S −0.0932% | 1h | 0.000005000 | −2.750% | $46K | — | 100x | as long as short |
| Aevo 1000PEPE-PERP | +0.0696% | 1h | 0.000005124 | −0.338% | $145K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0699% | 8h | 0.000005134 | −0.148% | $94.9M | $288.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0702% | 8h | 0.000005129 | −0.243% | $145.4M | $1.23B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0704% | 1h | 0.000005135 | −0.130% | $544K | $226K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0759% | 1h | 0.000005133 | −0.163% | $2K | $12K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0768% | 1h | 0.000005142 | +0.020% | $202K | $881K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0795% | 8h | 0.000005130 | −0.214% | $1.8M | $9.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0813% | 8h | 0.000005113 | −0.547% | $6K | — | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0824% | 1h | 0.000005099 | −0.825% | $101K | $743K | 25x | as long as short |
| Lighter 1000PEPE | +0.0912% | 1h | 0.000005128 | −0.261% | $581K | $8.2M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0921% | 1h | 0.000005130 | −0.222% | $72K | $124K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0981% | 1h | 0.000005135 | −0.126% | $101K | $657K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.1064% | 1h | 0.000005134 | −0.144% | $619 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1269% | 1h | 0.000005131 | −0.208% | $4.5M | $15.5M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1498% | 1h | 0.000005132 | −0.183% | $55.1M | $140.5M | 10x | as long as short |
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE