PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.046%

Price spread now: Injective against Coinbase International+0.313%56s7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as 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−$1151.146% of the position

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.384%+$38 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.313% dearer against Coinbase International than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	Coinbase International 1000PEPE-PERP-INTX	0.000004798	0.0464	pay 0.0058% / 1h	5m 22s	$577K	$25.0M	50x
Short	Injective PEPE/USDC PERP	0.000004813	0.0555	get 0.0069% / 1h	5m 22s	$4K	$110K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. 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 Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now +0.313%Rate

Funding earned: $19.14
Price spread: +0.313% → 0.000%: $31.26
Slippage, 4 orders: −$104.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$64.15
Costs to cover: 1.146%
Break-even: 30.5 days

Slippage from Coinbase International: live order book, 4 min ago; Injective: live order book, 18 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 Coinbase International live order book, 4 min ago	5.20 bp	15.9 bp −$16	20.2 bp −$202	doesn't fit	doesn't fit
Sell Injective live order book, 18 min ago	22.68 bp	22.7 bp −$23	doesn't fit	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
dYdX PEPE-USD	0.0000%	1h	0.000004802	+0.088%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004794	−0.090%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004801	+0.063%	$58.5M	$72.9M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004808	+0.208%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004796	−0.046%	$87.2M	$275.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004799	+0.021%	$150.0M	$62.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004809	+0.229%	$24.9M	$53.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004797	−0.015%	$551K	$3.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004830	+0.661%	$27K	$340K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004806	+0.158%	$1K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004798	−0.010%	$552K	$3.4M	75x	as long as short
Bitget PEPEUSDT	+0.0183%	8h	0.000004800	+0.050%	$42.3M	$150.9M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0183%	8h	0.000004797	−0.021%	$41.4M	$484.4M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004802	+0.078%	$7K	—	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0215% / S −0.0088%	1h	0.000004000	−16.632%	$54K	—	100x	as long as short
BloFin PEPE-USDT	+0.0299%	8h	0.000004803	+0.104%	$3.9M	$21.8M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0422%	8h	0.000004801	+0.067%	$29K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTXlong	+0.0464%	1h	0.000004798	long leg	$577K	$25.0M	50x
Phemex u1000PEPEUSDT	+0.0509%	8h	0.000004806	+0.165%	$2.3M	$6.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0535%	8h	0.000004809	+0.232%	$5K	$16	20x	as long as short
Injective PEPE/USDC PERPshort	+0.0555%	1h	0.000004813	+0.313%	$4K	$110K	12x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0584%	1h	0.000004800	+0.042%	$81K	$94K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0712%	1h	0.000004803	+0.094%	$92K	$624K	15x	as long as short
Lighter 1000PEPE	+0.0728%	1h	0.000004810	+0.250%	$571K	$5.3M	10x	as long as short
Nado kPEPE-PERP	+0.0745%	1h	0.000004804	+0.120%	$188K	$848K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0750%	1h	0.000004805	+0.146%	$2K	$9K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0751%	1h	0.000004804	+0.125%	$102K	$763K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0762%	1h	0.000004803	+0.097%	$3.9M	$13.1M	50x	as long as short
BingX 1000PEPE-USDT	+0.0827%	8h	0.000004802	+0.083%	—	$254.7M	—	as long as short
Extended 1000PEPE-USD	+0.0872%	1h	0.000004808	+0.216%	$529K	$147K	25x	as long as short
MEXC PEPE_USDT	+0.0872%	8h	0.000004805	+0.146%	$91.5M	$292.6M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0872%	1h	0.000004804	+0.125%	$136K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0873%	8h	0.000004802	+0.075%	$128.0M	$1.02B	75x	as long as short
Aster 1000PEPEUSDT	+0.0899%	8h	0.000004809	+0.238%	$1.5M	$6.9M	50x	as long as short
01 Exchange kPEPEUSD	+0.1184%	1h	0.000004818	+0.417%	$552	$2K	10x	as long as short