Funding you earn now, next payment 22:00 UTC−0.0692%/8h= −75.8% APRnext payment −$0.86 per $10,000 · paid last 24h −0.024%
Price spread now: Pacifica against Aevo−0.451%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,240as in the Price arb table
costs, in and out, $10k−$1,19211.925% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 3 days (all we have)+0.216%+$22 · spread now −0.451%, 7d avg +0.021%
=Together, before fees+0.230%+ Points / potential airdropPacifica: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Pacifica is 0.472% cheaper against Aevo than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.86 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 | Aevo 1000PEPE-PERP | 0.000004878 | 0.0792 | pay 0.0099% / 1h | 50m 24s | $138K | — | 3x |
| Short | Pacifica kPEPE | 0.000004856 | 0.0100 | get 0.0013% / 1h | 50m 24s | $58K | $108K | 10x |
Aevo 1000PEPE-PERP
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Aevo. 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
- −$145.32
- Price spread: −0.451% → +0.021%
- −$47.22
- Slippage, 4 orders
- −$1,168.49
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$1,385.03
- Costs to cover
- 11.925%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 38 min ago; Pacifica: live order book, 37 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 Aevo live order book, 38 min ago | 271.04 bp | 574.8 bp −$575 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 37 min ago | 6.08 bp | 15.9 bp −$16 | 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 | 0.000004851 | −0.554% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004869 | −0.185% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004876 | −0.041% | $56.4M | $68.4M | 10x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000004856 | −0.451% | $58K | $108K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004869 | −0.193% | $89.1M | $271.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004870 | −0.164% | $148.7M | $60.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004867 | −0.217% | $23.9M | $50.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004845 | −0.686% | $708K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004830 | −0.980% | $27K | $336K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004861 | −0.353% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004857 | −0.426% | $552K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0105% | 8h | 0.000004874 | −0.082% | $41.8M | $493.1M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0175% | 8h | 0.000004872 | −0.117% | $43.9M | $150.4M | 75x | as long as short |
| Lighter 1000PEPE | +0.0176% | 1h | 0.000004857 | −0.431% | $543K | $5.0M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004873 | −0.103% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004852 | −0.533% | $4.0M | $21.7M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0234% | 1h | 0.000004847 | −0.627% | $109K | $619K | 15x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0317% / S −0.0372% | 1h | 0.000004000 | −17.999% | $42K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0339% | 8h | 0.000004859 | −0.397% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0353% | 8h | 0.000004868 | −0.213% | $30K | $10K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0430% | 8h | 0.000004853 | −0.521% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004847 | −0.636% | $596K | $25.4M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0516% | 1h | 0.000004838 | −0.820% | $100K | $757K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004856 | −0.451% | $4K | $92K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0571% | 1h | 0.000004849 | −0.595% | $2K | $9K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0701% | 1h | 0.000004877 | −0.010% | $182K | $868K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0753% | 8h | 0.000004875 | −0.066% | — | $254.3M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0755% | 1h | 0.000004848 | −0.610% | $3.9M | $12.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0782% | 1h | 0.000004851 | −0.554% | $82K | $94K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0791% | 8h | 0.000004877 | −0.016% | $93.6M | $286.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0791% | 8h | 0.000004873 | −0.105% | $130.9M | $1.01B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000004856 | −0.450% | $532K | $146K | 25x | as long as short |
| Aevo 1000PEPE-PERPlong | +0.0792% | 1h | 0.000004878 | long leg | $138K | — | 3x | |
| Aster 1000PEPEUSDT | +0.0847% | 8h | 0.000004861 | −0.340% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1712% | 1h | 0.000004869 | −0.185% | $558 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Lighter 1000PEPE
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD