Funding you earn now, next payment 22:00 UTC−0.0876%/8h= −95.9% APRnext payment −$1.09 per $10,000 · paid last 24h −0.004%
Price spread now: Pacifica against Deribit−0.143%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Pacifica is 0.143% cheaper against Deribit than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.09 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004901 | 0.0976 | pay 0.0122% / 1h | 47m 49s | $83K | $94K | 25x |
| Short | Pacifica kPEPE | 0.000004894 | 0.0100 | get 0.0013% / 1h | 47m 49s | $57K | $109K | 10x |
Deribit 1000PEPE_USDC-PERPETUAL
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Deribit. 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
- −$183.91
- Price spread: −0.143% → 0.000%
- −$14.28
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$213.19
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Pacifica: live order book, 39 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Pacifica live order book, 39 min ago | 6.08 bp | 15.9 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000004888 | −0.255% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004893 | −0.155% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004904 | +0.061% | $56.8M | $68.6M | 10x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000004894 | −0.143% | $57K | $109K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004899 | −0.039% | $89.6M | $271.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004900 | −0.020% | $149.4M | $60.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004902 | +0.018% | $24.8M | $50.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004845 | −1.152% | $708K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004830 | −1.445% | $27K | $336K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004907 | +0.129% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004898 | −0.069% | $556K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0110% | 8h | 0.000004904 | +0.061% | $42.1M | $496.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0152% | 1h | 0.000004905 | +0.082% | $548K | $5.0M | 10x | as long as short |
| Bitget PEPEUSDT | +0.0173% | 8h | 0.000004898 | −0.055% | $45.0M | $150.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004896 | −0.100% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0225% | 8h | 0.000004884 | −0.347% | $4.0M | $21.7M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0319% | 1h | 0.000004902 | +0.012% | $108K | $618K | 15x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0320% / S −0.0376% | 1h | 0.000004000 | −18.384% | $42K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0342% | 8h | 0.000004899 | −0.045% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0355% | 8h | 0.000004903 | +0.033% | $31K | $10K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0419% | 8h | 0.000004900 | −0.020% | $2.4M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004899 | −0.041% | $601K | $25.7M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004880 | −0.428% | $4K | $92K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0638% | 1h | 0.000004900 | −0.020% | $2K | $9K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0644% | 1h | 0.000004896 | −0.097% | $183K | $867K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0747% | 1h | 0.000004903 | +0.043% | $3.9M | $12.8M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0756% | 8h | 0.000004902 | +0.029% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0766% | 1h | 0.000004850 | −1.041% | $101K | $757K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004905 | +0.082% | $139K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0793% | 8h | 0.000004907 | +0.112% | $91.9M | $287.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0799% | 8h | 0.000004908 | +0.145% | $129.6M | $1.01B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000004902 | +0.015% | $538K | $146K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0860% | 8h | 0.000004905 | +0.078% | $1.5M | $6.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0976% | 1h | 0.000004901 | long leg | $83K | $94K | 25x | |
| 01 Exchange kPEPEUSD | +0.1600% | 1h | 0.000004911 | +0.204% | $563 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Lighter 1000PEPE
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
ApeX Omni 1000PEPEUSDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD