Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0218%/8h= −23.9% APRpaid last 24h −0.018%

Price spread now: Pacifica against BloFin−0.063%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.063%, 7d avg +0.013%

Together, before fees−0.171%+ Points / potential airdropPacifica: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Pacifica is 0.077% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PEPE-USDT	0.000004739	0.0318	pay 0.0318% / 8h	5m 06s	$3.9M	$22.3M	75x
Short	Pacifica kPEPE	0.000004736	0.0100	get 0.0013% / 1h	5m 06s	$56K	$119K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.063%Rate

Funding earned: −$45.78
Price spread: −0.063% → +0.013%: −$7.65
Slippage, 4 orders: −$20.26
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$93.69
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Pacifica: live order book, 7 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 BloFin live order book, 4 min ago	1.06 bp	7.1 bp −$7	8.8 bp −$88	18.3 bp −$1,826	doesn't fit
Sell Pacifica live order book, 7 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	−0.0331%	1h	0.000004734	−0.106%	$68.7M	$99.1M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004731	−0.166%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004736	−0.070%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004739	−0.004%	$3.8M	$13.9M	50x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000004736	−0.063%	$56K	$119K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004739	0.000%	$87.1M	$294.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004737	−0.042%	$150.2M	$65.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004741	+0.038%	$24.3M	$54.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004739	+0.008%	$41.9M	$151.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004725	−0.298%	$544K	$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	0.000004725	−0.301%	$25K	$351K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004720	−0.401%	$99K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004743	+0.089%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004741	+0.042%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004737	−0.051%	$535K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0176%	1h	0.000004742	+0.063%	$572K	$6.6M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0176%	8h	0.000004737	−0.050%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0182%	8h	0.000004742	+0.072%	$2.3M	$6.5M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004738	−0.031%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0196%	8h	0.000004743	+0.084%	$42.2M	$497.1M	50x	as long as short
01 Exchange kPEPEUSD	+0.0312%	1h	0.000004743	+0.084%	$543	$2K	10x	as long as short
BloFin PEPE-USDTlong	+0.0318%	8h	0.000004739	long leg	$3.9M	$22.3M	75x
Orderly PERP_1000PEPE_USDC	+0.0347%	8h	0.000004740	+0.023%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0392% / S −0.0430%	1h	0.000004000	−15.594%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004737	−0.042%	$567K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004728	−0.232%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0528%	1h	0.000004741	+0.038%	$92K	$603K	15x	as long as short
BingX 1000PEPE-USDC	+0.0548%	8h	0.000004740	+0.023%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0556%	8h	0.000004744	+0.095%	$1.5M	$7.3M	50x	as long as short
Extended 1000PEPE-USD	+0.0560%	1h	0.000004740	+0.026%	$521K	$148K	25x	as long as short
Binance 1000PEPEUSDT	+0.0563%	8h	0.000004744	+0.105%	$132.7M	$1.07B	75x	as long as short
MEXC PEPE_USDT	+0.0565%	8h	0.000004742	+0.061%	$88.9M	$283.5M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0568%	1h	0.000004742	+0.063%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0603%	1h	0.000004743	+0.079%	$179K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0806%	1h	0.000004741	+0.042%	$76K	$98K	25x	as long as short