Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Bitget+0.032%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.032%, 7d avg −0.008%

Together, before fees−0.042%+ Points / potential airdropPacifica: Active · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.040% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEPEUSDT	0.000004715	0.0100	pay 0.0100% / 8h	11m 14s	$41.7M	$150.7M	75x
Short	Pacifica kPEPE	0.000004717	0.0100	get 0.0013% / 1h	11m 14s	$55K	$119K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee PacificabpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.008%: $3.98
Slippage, 4 orders: −$23.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$39.19
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Pacifica: live order book, 1 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 Bitget live order book, 3 min ago	0.95 bp	9.5 bp −$10	10.9 bp −$109	24.0 bp −$2,404	doesn't fit
Sell Pacifica live order book, 1 min ago	7.41 bp	13.0 bp −$13	21.4 bp −$214	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
Hyperliquid kPEPE	−0.0309%	1h	0.000004706	−0.201%	$68.8M	$96.4M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004713	−0.056%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004712	−0.083%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0068%	1h	0.000004714	−0.039%	$3.8M	$13.8M	50x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000004717	+0.032%	$55K	$119K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004714	−0.032%	$86.4M	$293.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004712	−0.074%	$148.6M	$64.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004714	−0.038%	$24.0M	$54.7M	75x	as long as short
Bitget PEPEUSDTlong	+0.0100%	8h	0.000004715	long leg	$41.7M	$150.7M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004715	−0.014%	$567K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004726	+0.219%	$25K	$349K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004728	+0.265%	$99K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004725	+0.193%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004716	+0.011%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004719	+0.078%	$533K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0168%	1h	0.000004718	+0.053%	$568K	$6.6M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0174%	8h	0.000004717	+0.023%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004716	+0.011%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0202%	8h	0.000004717	+0.032%	$41.5M	$493.0M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0203%	8h	0.000004717	+0.021%	$2.3M	$6.5M	50x	as long as short
01 Exchange kPEPEUSD	+0.0304%	1h	0.000004718	+0.053%	$540	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004719	+0.074%	$3.8M	$22.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0357%	8h	0.000004718	+0.042%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0388% / S −0.0313%	1h	0.000004000	−15.173%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004717	+0.032%	$566K	$25.3M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004732	+0.350%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0537%	1h	0.000004715	−0.011%	$89K	$601K	15x	as long as short
Aster 1000PEPEUSDT	+0.0568%	8h	0.000004716	+0.013%	$1.5M	$7.3M	50x	as long as short
BingX 1000PEPE-USDC	+0.0569%	8h	0.000004715	−0.002%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0575%	8h	0.000004714	−0.025%	$131.4M	$1.07B	75x	as long as short
MEXC PEPE_USDT	+0.0575%	8h	0.000004718	+0.064%	$87.9M	$282.7M	300x	as long as short
Extended 1000PEPE-USD	+0.0576%	1h	0.000004714	−0.021%	$518K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0576%	1h	0.000004719	+0.074%	$133K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0599%	1h	0.000004714	−0.032%	$76K	$98K	25x	as long as short
Nado kPEPE-PERP	+0.0631%	1h	0.000004716	+0.006%	$178K	$849K	10x	as long as short