Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%

Price spread now: Pacifica against Bybit−0.259%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)+0.337%+$34 · spread now −0.259%, 7d avg +0.051%

Together, before fees+0.461%+ Points / potential airdropPacifica: Active · farm board+$46 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 0.310% cheaper against Bybit than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000PEPEUSDT	0.000004869	0.0100	pay 0.0100% / 8h	2h 50m	$89.1M	$271.8M	50x
Short	Pacifica kPEPE	0.000004856	0.0100	get 0.0013% / 1h	50m 19s	$58K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now −0.259%Rate

Funding earned: $0
Price spread: −0.259% → +0.051%: −$30.95
Slippage, 4 orders: −$31.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$81.13
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.04 bp	8.5 bp −$8	14.8 bp −$148	37.7 bp −$3,767	331.2 bp −$165.6K
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	−0.362%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004869	+0.008%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004876	+0.152%	$56.4M	$68.4M	10x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000004856	−0.259%	$58K	$108K	10x
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000004869	long leg	$89.1M	$271.8M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000004870	+0.029%	$148.7M	$60.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004867	−0.025%	$23.9M	$50.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004845	−0.495%	$708K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004830	−0.789%	$27K	$336K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004861	−0.160%	$2K	$2.4M	20x	as long as short

Show 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	−0.234%	$552K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0105%	8h	0.000004874	+0.111%	$41.8M	$493.1M	50x	as long as short
Bitget PEPEUSDT	+0.0175%	8h	0.000004872	+0.076%	$43.9M	$150.4M	75x	as long as short
Lighter 1000PEPE	+0.0176%	1h	0.000004857	−0.238%	$543K	$5.0M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004873	+0.090%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004852	−0.341%	$4.0M	$21.7M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0234%	1h	0.000004847	−0.435%	$109K	$619K	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0317% / S −0.0372%	1h	0.000004000	−17.841%	$42K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0339%	8h	0.000004859	−0.205%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0353%	8h	0.000004868	−0.021%	$30K	$10K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0430%	8h	0.000004853	−0.329%	$2.3M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004847	−0.444%	$596K	$25.4M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0516%	1h	0.000004838	−0.629%	$100K	$757K	25x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004856	−0.259%	$4K	$92K	12x	as long as short
SoDEX 1000PEPE-USD	+0.0571%	1h	0.000004849	−0.403%	$2K	$9K	10x	as long as short
Nado kPEPE-PERP	+0.0701%	1h	0.000004877	+0.183%	$182K	$868K	10x	as long as short
BingX 1000PEPE-USDT	+0.0753%	8h	0.000004875	+0.127%	—	$254.3M	—	as long as short
Kraken Futures PF_PEPEUSD	+0.0755%	1h	0.000004848	−0.418%	$3.9M	$12.8M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0782%	1h	0.000004851	−0.362%	$82K	$94K	25x	as long as short
MEXC PEPE_USDT	+0.0791%	8h	0.000004877	+0.177%	$93.6M	$286.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0791%	8h	0.000004873	+0.087%	$130.9M	$1.01B	75x	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000004856	−0.258%	$532K	$146K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000004878	+0.193%	$138K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0847%	8h	0.000004861	−0.147%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1712%	1h	0.000004869	+0.008%	$558	$2K	10x	as long as short