Funding you earn now, next payment 03:00 UTC+0.0333%/8h= +36.4% APRnext payment +$0.42 per $10,000 · paid last 24h +0.023%
Price spread now: Injective against Extended+0.070%7-day average +0.594% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$990.992% of the position
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 4 days (all we have)+0.383%+$38 · spread now +0.070%, 7d avg +0.594%
=Together, before fees+0.676%+ Points / potential airdropExtended: Active · farm board+$68 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.524% cheaper against Extended than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.594%). If the spread goes back, that is −$52 on $10k: about 5.2 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.294% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended 1000PEPE-USD | 0.000005007 | 0.0640 | pay 0.0080% / 1h | 9m 15s | $530K | $226K | 25x |
| Short | Injective PEPE/USDC PERP | 0.000005011 | 0.0973 | get 0.0122% / 1h | 9m 15s | $4K | $102K | 12x |
Extended 1000PEPE-USD
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- $69.86
- Price spread: +0.070% → +0.594%
- −$52.38
- Slippage, 4 orders
- −$94.19
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$81.73
- Costs to cover
- 0.992%
- Break-even
- 15.2 days
Slippage from Extended: live order book, 53 min ago; Injective: live order book, 54 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 Extended live order book, 53 min ago | 2.95 bp | 7.4 bp −$7 | 42.1 bp −$421 | doesn't fit | doesn't fit |
| Sell Injective live order book, 54 min ago | 10.84 bp | 10.8 bp −$11 | 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 | 0.000005002 | −0.116% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005002 | −0.116% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005008 | +0.010% | $63K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005005 | −0.050% | $97.2M | $341.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005006 | −0.030% | $164.4M | $75.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005005 | −0.056% | $25.8M | $63.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005020 | +0.240% | $681K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005022 | +0.284% | $27K | $444K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005015 | +0.154% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005005 | −0.060% | $569K | $3.6M | 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 | +0.0134% | 8h | 0.000005010 | +0.050% | $45.9M | $173.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005005 | −0.049% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0317% | 8h | 0.000005010 | +0.042% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0349% | 8h | 0.000005008 | +0.010% | $45.4M | $586.2M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0467% | 8h | 0.000005009 | +0.030% | $4.3M | $25.0M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0516% | 1h | 0.000005010 | +0.050% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0542% | 1h | 0.000005020 | +0.250% | $99K | $755K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0549% | 1h | 0.000005008 | +0.010% | $71K | $124K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005012 | +0.090% | $937K | $31.4M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0608% | 8h | 0.000005007 | −0.016% | — | $261.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0634% / S −0.1019% | 1h | 0.000005000 | −0.150% | $49K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0638% | 8h | 0.000005010 | +0.058% | $94.3M | $290.6M | 300x | as long as short |
| Extended 1000PEPE-USDlong | +0.0640% | 1h | 0.000005007 | long leg | $530K | $226K | 25x | |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000004972 | −0.709% | $141K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0644% | 8h | 0.000005009 | +0.032% | $140.1M | $1.21B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0735% | 8h | 0.000005008 | +0.014% | $1.8M | $9.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0744% | 8h | 0.000005007 | −0.014% | $2.4M | $7.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0785% | 8h | 0.000005008 | +0.013% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0794% | 1h | 0.000005003 | −0.090% | $185K | $872K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005012 | +0.090% | $605 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0964% | 1h | 0.000005012 | +0.094% | $93K | $632K | 15x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0973% | 1h | 0.000005011 | +0.070% | $4K | $102K | 12x | |
| Lighter 1000PEPE | +0.1152% | 1h | 0.000005011 | +0.070% | $663K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1390% | 1h | 0.000005007 | −0.011% | $4.3M | $15.3M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1575% | 1h | 0.000005010 | +0.050% | $53.6M | $139.5M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE