Funding you earn now, next payment 23:00 UTC−0.0512%/8h= −56.1% APRnext payment −$0.64 per $10,000 · paid last 24h −0.077%
Price spread now: Pacifica against Backpack−0.169%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.169%, 7d avg +0.010%
=Together, before fees−0.076%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Pacifica is 0.179% cheaper against Backpack than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.141% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.64 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 | Backpack kPEPE_USDC_PERP | 0.000004795 | 0.0612 | pay 0.0077% / 1h | 0m 58s | $92K | $616K | 15x |
| Short | Pacifica kPEPE | 0.000004787 | 0.0100 | get 0.0013% / 1h | 0m 58s | $59K | $114K | 10x |
Backpack kPEPE_USDC_PERP
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Backpack. 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
- −$107.52
- Price spread: −0.169% → +0.010%
- −$17.91
- Slippage, 4 orders
- −$28.91
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$172.35
- Costs to cover
- 0.469%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 18 min ago; Pacifica: live order book, 16 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 Backpack live order book, 18 min ago | 3.23 bp | 11.8 bp −$12 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 16 min ago | 5.23 bp | 15.6 bp −$16 | 26.3 bp −$263 | 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 | 0.000004784 | −0.238% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004783 | −0.248% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004789 | −0.127% | $668K | $6.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004789 | −0.127% | $64.0M | $85.2M | 10x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000004787 | −0.169% | $59K | $114K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004793 | −0.052% | $86.7M | $285.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004792 | −0.065% | $150.5M | $63.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004787 | −0.169% | $24.7M | $54.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004797 | +0.044% | $42.3M | $149.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004787 | −0.172% | $542K | $4.0M | — | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004802 | +0.138% | $27K | $346K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004798 | +0.056% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004790 | −0.106% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004791 | −0.090% | $543K | $3.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004785 | −0.210% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0220% | 8h | 0.000004795 | −0.002% | $41.3M | $493.7M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0244% | 8h | 0.000004787 | −0.178% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0310% | 8h | 0.000004791 | −0.075% | $2.3M | $6.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0340% | 8h | 0.000004787 | −0.169% | $3.9M | $22.2M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0340% / S −0.0370% | 1h | 0.000004000 | −16.582% | $42K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0392% | 1h | 0.000004786 | −0.190% | $548 | $2K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0420% | 1h | 0.000004802 | +0.144% | $102K | $762K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004790 | −0.106% | $565K | $25.6M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0448% | 8h | 0.000004786 | −0.200% | $29K | $11K | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0586% | 1h | 0.000004788 | −0.148% | $81K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0612% | 1h | 0.000004795 | long leg | $92K | $616K | 15x | |
| BingX 1000PEPE-USDC | +0.0719% | 8h | 0.000004793 | −0.048% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0726% | 8h | 0.000004794 | −0.023% | $131.2M | $1.05B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0728% | 1h | 0.000004796 | +0.020% | $526K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0728% | 1h | 0.000004788 | −0.148% | $135K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0729% | 8h | 0.000004799 | +0.073% | $92.9M | $286.7M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0734% | 8h | 0.000004793 | −0.050% | $1.5M | $7.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0740% | 1h | 0.000004787 | −0.159% | $183K | $846K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004805 | +0.206% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1333% | 1h | 0.000004787 | −0.170% | $3.9M | $13.4M | 50x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD