Funding you earn now, next payment 03:00 UTC−0.0405%/8h= −44.3% APRnext payment −$0.51 per $10,000 · paid last 24h −0.043%
Price spread now: Extended against Injective+0.097%100s7-day average −0.603% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as 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−$990.992% of the position
Funding, last 7 days−0.314%−$31 on $10k
+Price spread, last 3 days (all we have)−0.325%−$33 · spread now +0.097%, 7d avg −0.603%
=Together, before fees−0.639%+ Points / potential airdropExtended: Active · farm board−$64 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.700% dearer against Injective than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of −0.603%): +$70 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 7 days (−0.314% in total) that is about 16 days. 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 | 0.000005105 | 0.0973 | pay 0.0122% / 1h | 57m 21s | $4K | $102K | 12x |
| Short | Extended 1000PEPE-USD | 0.000005110 | 0.0568 | get 0.0071% / 1h | 57m 21s | $559K | $199K | 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
- −$84.98
- Price spread: +0.097% → −0.603%
- $70
- Slippage, 4 orders
- −$94.19
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$114.19
- Costs to cover
- 0.992%
- Break-even
- never at this rate
Slippage from Injective: live order book, 6 min ago; Extended: live order book, 5 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, 6 min ago | 10.84 bp | 73.6 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 2.95 bp | 7.4 bp −$7 | 42.4 bp −$424 | 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 | 0.000005098 | −0.128% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005097 | −0.149% | $18K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005103 | −0.039% | $63K | $128K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005100 | −0.098% | $99.6M | $328.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005101 | −0.078% | $163.7M | $72.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005104 | −0.016% | $25.5M | $61.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005109 | +0.071% | $47.7M | $167.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005100 | −0.106% | $681K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005107 | +0.036% | $27K | $424K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005109 | +0.088% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
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 | 0.000005093 | −0.229% | $580K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005104 | −0.022% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0280% | 8h | 0.000005105 | 0.000% | $46.1M | $581.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0298% | 8h | 0.000005106 | +0.027% | $33K | $24K | 20x | as long as short |
| BingX 1000PEPE-USDT | +0.0538% | 8h | 0.000005104 | −0.014% | — | $259.7M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0541% / S −0.0937% | 1h | 0.000005000 | −2.057% | $48K | — | 100x | as long as short |
| Phemex u1000PEPEUSDT | +0.0543% | 8h | 0.000005090 | −0.304% | $2.4M | $7.0M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0560% | 1h | 0.000005103 | −0.039% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0566% | 8h | 0.000005101 | −0.074% | $96.9M | $285.4M | 300x | as long as short |
| Extended 1000PEPE-USDshort | +0.0568% | 1h | 0.000005110 | +0.097% | $559K | $199K | 25x | |
| Binance 1000PEPEUSDT | +0.0569% | 8h | 0.000005107 | +0.039% | $144.6M | $1.18B | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005092 | −0.255% | $914K | $30.7M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0631% | 1h | 0.000005094 | −0.215% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0647% | 1h | 0.000005110 | +0.098% | $106K | $749K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0671% | 8h | 0.000005111 | +0.110% | $1.7M | $8.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0700% | 8h | 0.000005101 | −0.077% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0814% | 1h | 0.000005086 | −0.362% | $99K | $610K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0857% | 1h | 0.000005104 | −0.024% | $194K | $858K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0927% | 1h | 0.000005103 | −0.039% | $62K | $114K | 25x | as long as short |
| Injective PEPE/USDC PERPlong | +0.0973% | 1h | 0.000005105 | long leg | $4K | $102K | 12x | |
| 01 Exchange kPEPEUSD | +0.1104% | 1h | 0.000005122 | +0.333% | $618 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1367% | 1h | 0.000005090 | −0.285% | $4.1M | $14.6M | 50x | as long as short |
| Lighter 1000PEPE | +0.1520% | 1h | 0.000005103 | −0.039% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1895% | 1h | 0.000005113 | +0.157% | $56.5M | $136.6M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Phemex u1000PEPEUSDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE