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 0.000%

Price spread now: Pacifica against edgeX+0.824%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs+$38as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)−1.043%−$104 · spread now +0.824%, 7d avg +0.038%

Together, before fees−1.045%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$105 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 0.786% dearer against edgeX than usual: you sell high and buy low, +$79 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX 1000PEPEUSDC	0.000004830	0.0100	pay 0.0050% / 4h	2h 49m	$27K	$336K	20x
Short	Pacifica kPEPE	0.000004870	0.0100	get 0.0013% / 1h	49m 20s	$57K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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 edgeXbpFee PacificabpOrdersPrice spread, now +0.824%Rate

Funding earned: $0
Price spread: +0.824% → +0.038%: $78.58
Slippage, 4 orders: −$23.89
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $37.69
Costs to cover: 0.409%
Break-even: from the start

Slippage from edgeX: live order book, 39 min ago; Pacifica: live order book, 38 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 edgeX live order book, 39 min ago	0.92 bp	5.5 bp −$5	8.9 bp −$89	doesn't fit	doesn't fit
Sell Pacifica live order book, 38 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	0.000004864	+0.700%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004880	+1.023%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004876	+0.948%	$56.4M	$68.5M	10x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000004870	+0.824%	$57K	$109K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004881	+1.052%	$89.3M	$271.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004872	+0.865%	$148.6M	$60.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004874	+0.901%	$23.8M	$50.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004845	+0.297%	$708K	$3.7M	—	as long as short
edgeX 1000PEPEUSDClong	+0.0100%	4h	0.000004830	long leg	$27K	$336K	20x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004892	+1.286%	$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	0.000004871	+0.841%	$553K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0109%	8h	0.000004883	+1.093%	$41.8M	$493.8M	50x	as long as short
Lighter 1000PEPE	+0.0152%	1h	0.000004884	+1.114%	$546K	$5.0M	10x	as long as short
Bitget PEPEUSDT	+0.0174%	8h	0.000004880	+1.031%	$44.9M	$150.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004877	+0.971%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0225%	8h	0.000004884	+1.114%	$4.0M	$21.7M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0265%	1h	0.000004871	+0.853%	$108K	$619K	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0374%	1h	0.000004000	−17.188%	$42K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0339%	8h	0.000004878	+0.993%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0354%	8h	0.000004879	+1.004%	$30K	$10K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0421%	8h	0.000004884	+1.122%	$2.3M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004874	+0.907%	$598K	$25.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004880	+1.031%	$4K	$92K	12x	as long as short
SoDEX 1000PEPE-USD	+0.0616%	1h	0.000004884	+1.114%	$2K	$9K	10x	as long as short
Nado kPEPE-PERP	+0.0685%	1h	0.000004875	+0.938%	$182K	$868K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0750%	1h	0.000004885	+1.144%	$3.9M	$12.8M	50x	as long as short
BingX 1000PEPE-USDC	+0.0756%	8h	0.000004881	+1.048%	—	$2.3M	—	as long as short
ApeX Omni 1000PEPEUSDT	+0.0766%	1h	0.000004850	+0.410%	$101K	$757K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0775%	1h	0.000004884	+1.114%	$82K	$94K	25x	as long as short
MEXC PEPE_USDT	+0.0791%	8h	0.000004886	+1.147%	$93.0M	$286.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000004883	+1.089%	$535K	$146K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000004893	+1.300%	$138K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0794%	8h	0.000004888	+1.205%	$131.3M	$1.01B	75x	as long as short
Aster 1000PEPEUSDT	+0.0854%	8h	0.000004880	+1.027%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1640%	1h	0.000004886	+1.155%	$560	$2K	10x	as long as short