Funding you earn now, next payment 07:00 UTC−0.0654%/8h= −71.7% APRpaid last 24h −0.107%
Price spread now: Pacifica against Aster−0.085%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.085%, 7d avg −0.045%
=Together, before fees−0.176%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Pacifica is 0.040% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% a year). A funding rate is set anew for every payment. 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 | Aster 1000PEPEUSDT | 0.000005150 | 0.0754 | pay 0.0754% / 8h | 1h 08m | $1.8M | $11.7M | 50x |
| Short | Pacifica kPEPE | 0.000005146 | 0.0100 | get 0.0013% / 1h | 8m 13s | $60K | $182K | 10x |
Aster 1000PEPEUSDT
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Aster. 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
- −$137.44
- Price spread: −0.085% → −0.045%
- −$4.04
- Slippage, 4 orders
- −$33.22
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$190.7
- Costs to cover
- 0.492%
- Break-even
- never at this rate
Slippage from Aster: live order book, 6 min ago; Pacifica: live order book, 35 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 Aster live order book, 6 min ago | 0.59 bp | 11.9 bp −$12 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 35 min ago | 6.80 bp | 12.6 bp −$13 | 19.3 bp −$193 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005127 | −0.454% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005139 | −0.220% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005140 | −0.196% | $4K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005146 | −0.085% | $60K | $182K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005148 | −0.056% | $100.6M | $420.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005145 | −0.105% | $163.9M | $97.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005115 | −0.696% | $600K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005103 | −0.927% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005153 | +0.045% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005144 | −0.118% | $596K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0111% | 8h | 0.000005148 | −0.050% | $26.3M | $72.6M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0159% | 1h | 0.000005149 | −0.027% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005147 | −0.070% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0285% | 8h | 0.000005150 | −0.006% | $46.1M | $216.3M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0334% | 1h | 0.000005144 | −0.124% | $73K | $127K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0353% | 1h | 0.000005110 | −0.784% | $149K | $829K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0392% | 8h | 0.000005152 | +0.031% | $47.5M | $734.0M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0400% | 8h | 0.000005148 | −0.052% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0453% | 1h | 0.000005150 | −0.016% | $73K | $864K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005148 | −0.052% | $4.7M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0514% | 8h | 0.000005149 | −0.033% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0514% | 8h | 0.000005149 | −0.027% | $4.5M | $29.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0524% | 8h | 0.000005149 | −0.029% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005146 | −0.085% | $668K | $38.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005146 | −0.085% | $621 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.0696% | 1h | 0.000005153 | +0.050% | $615K | $9.1M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0709% | 1h | 0.000005147 | −0.066% | $165K | $960K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0721% | 8h | 0.000005150 | −0.012% | — | $218.0M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005150 | −0.008% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0754% | 8h | 0.000005150 | long leg | $1.8M | $11.7M | 50x | |
| MEXC PEPE_USDT | +0.0756% | 8h | 0.000005146 | −0.085% | $99.7M | $306.4M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005148 | −0.046% | $540K | $284K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0761% | 8h | 0.000005151 | +0.010% | $141.5M | $1.47B | 75x | as long as short |
| Hyperliquid kPEPE | +0.0949% | 1h | 0.000005155 | +0.089% | $53.6M | $156.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2249% | 1h | 0.000005000 | −2.920% | $64K | — | 100x | as long as short |
KuCoin PEPEUSDTM
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Lighter 1000PEPE
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]