Funding you earn now, next payment 23:00 UTC−0.0300%/8h= −32.8% APRnext payment −$0.37 per $10,000 · paid last 24h −0.037%
Price spread now: Pacifica against Coinbase International−0.147%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 3 days (all we have)+0.166%+$17 · spread now −0.147%, 7d avg 0.000%
=Together, before fees+0.214%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Pacifica is 0.147% cheaper against Coinbase International than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000004773 | 0.0400 | pay 0.0050% / 1h | 31m 36s | $574K | $25.6M | 50x |
| Short | Pacifica kPEPE | 0.000004766 | 0.0100 | get 0.0013% / 1h | 31m 36s | $59K | $116K | 10x |
Coinbase International 1000PEPE-PERP-INTX
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Coinbase International. 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
- −$63
- Price spread: −0.147% → 0.000%
- −$14.68
- Slippage, 4 orders
- −$34.15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$129.83
- Costs to cover
- 0.522%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Pacifica: live order book, 46 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 Coinbase International live order book, 3 min ago | 3.15 bp | 14.2 bp −$14 | 16.8 bp −$168 | 49.9 bp −$4,989 | doesn't fit |
| Sell Pacifica live order book, 46 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0135% | 1h | 0.000004760 | −0.272% | $65.9M | $92.7M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004764 | −0.180% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004765 | −0.161% | $13K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004768 | −0.103% | $3.8M | $13.7M | 50x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000004766 | −0.147% | $59K | $116K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004766 | −0.147% | $85.7M | $289.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004763 | −0.210% | $149.5M | $64.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004765 | −0.166% | $24.3M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004766 | −0.155% | $42.1M | $150.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004776 | +0.062% | $585K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
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 | 0.000004782 | +0.187% | $26K | $350K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004763 | −0.210% | $99K | $760K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004779 | +0.132% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004769 | −0.084% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004769 | −0.080% | $540K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0128% | 1h | 0.000004770 | −0.063% | $600K | $6.4M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0185% | 8h | 0.000004767 | −0.127% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004770 | −0.071% | $7K | — | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0191% | 8h | 0.000004763 | −0.203% | $2.3M | $6.4M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0204% | 8h | 0.000004767 | −0.126% | $41.4M | $495.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0264% | 1h | 0.000004773 | 0.000% | $547 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004770 | −0.063% | $3.9M | $22.2M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0377% / S −0.0337% | 1h | 0.000004000 | −16.195% | $47K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0394% | 8h | 0.000004769 | −0.078% | $30K | $12K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0400% | 1h | 0.000004773 | long leg | $574K | $25.6M | 50x | |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004775 | +0.042% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0503% | 1h | 0.000004770 | −0.063% | $90K | $601K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0589% | 1h | 0.000004769 | −0.084% | $77K | $98K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0624% | 1h | 0.000004766 | −0.142% | $524K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0624% | 8h | 0.000004764 | −0.189% | $91.5M | $281.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0625% | 8h | 0.000004766 | −0.150% | $130.7M | $1.06B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0626% | 8h | 0.000004766 | −0.153% | $1.5M | $7.3M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0632% | 1h | 0.000004772 | −0.021% | $135K | — | 3x | as long as short |
| BingX 1000PEPE-USDC | +0.0637% | 8h | 0.000004767 | −0.136% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0707% | 1h | 0.000004771 | −0.038% | $183K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Aevo 1000PEPE-PERP
BingX 1000PEPE-USDC
Nado kPEPE-PERP