Funding you earn now, next payment 23:00 UTC+0.0773%/8h= +84.7% APRnext payment +$0.97 per $10,000 · paid last 24h +0.087%
Price spread now: Injective against Pacifica+0.145%99s7-day average +0.585% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as 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−$1191.187% of the position
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 3 days (all we have)−0.291%−$29 · spread now +0.145%, 7d avg +0.585%
=Together, before fees+0.037%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.440% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.145% now, against its 7-day average of +0.585%). If the spread goes back, that is −$44 on $10k: about 45 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.328% in total) that is about 9.4 days. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.328% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.97 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 | 0.000004818 | 0.0100 | pay 0.0013% / 1h | 27m 39s | $60K | $113K | 10x |
| Short | Injective PEPE/USDC PERP | 0.000004825 | 0.0873 | get 0.0109% / 1h | 27m 39s | $4K | $103K | 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
- $162.39
- Price spread: +0.145% → +0.585%
- −$43.97
- Slippage, 4 orders
- −$110.71
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$0.31
- Costs to cover
- 1.187%
- Break-even
- 7.0 days
Slippage from Pacifica: live order book, 55 min ago; Injective: live order book, 56 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, 55 min ago | 5.16 bp | 13.8 bp −$14 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Injective live order book, 56 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 | 0.000004812 | −0.117% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004820 | +0.044% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004821 | +0.062% | $573K | $5.6M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004817 | −0.021% | $62.5M | $79.9M | 10x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000004818 | long leg | $60K | $113K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004816 | −0.031% | $87.3M | $281.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004819 | +0.021% | $150.1M | $62.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004820 | +0.035% | $24.8M | $54.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004818 | −0.002% | $574K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004832 | +0.286% | $27K | $344K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004832 | +0.280% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004820 | +0.042% | $3K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004823 | +0.106% | $544K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0140% | 8h | 0.000004816 | −0.039% | $42.4M | $151.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004827 | +0.192% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0203% | 8h | 0.000004820 | +0.042% | $41.9M | $492.6M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0212% / S −0.0091% | 1h | 0.000004000 | −16.978% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0323% | 8h | 0.000004820 | +0.042% | $3.9M | $22.2M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0339% | 8h | 0.000004817 | −0.030% | $5K | $16 | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0373% | 1h | 0.000004822 | +0.083% | $82K | $94K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0382% | 8h | 0.000004820 | +0.044% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0432% | 1h | 0.000004836 | +0.374% | $554 | $2K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0446% | 8h | 0.000004824 | +0.118% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004830 | +0.249% | $602K | $25.8M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0602% | 1h | 0.000004821 | +0.054% | $92K | $615K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0656% | 1h | 0.000004829 | +0.228% | $103K | $764K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0732% | 1h | 0.000004829 | +0.228% | $186K | $855K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0780% | 8h | 0.000004817 | −0.027% | — | $256.2M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0803% | 8h | 0.000004819 | +0.024% | $130.6M | $1.04B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0806% | 8h | 0.000004820 | +0.035% | $91.6M | $284.4M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004819 | +0.021% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0808% | 1h | 0.000004825 | +0.145% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0824% | 8h | 0.000004821 | +0.063% | $1.5M | $7.0M | 50x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0873% | 1h | 0.000004825 | +0.145% | $4K | $103K | 12x | |
| Kraken Futures PF_PEPEUSD | +0.1324% | 1h | 0.000004818 | −0.002% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD