Funding you earn now, next payment 22:00 UTC−0.0692%/8h= −75.8% APRnext payment −$0.86 per $10,000 · paid last 24h −0.025%
Price spread now: Pacifica against Extended+0.015%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now +0.015%, 7d avg +0.050%
=Together, before fees+0.116%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Pacifica is 0.035% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.050%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.86 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 | Extended 1000PEPE-USD | 0.000004844 | 0.0792 | pay 0.0099% / 1h | 51m 24s | $532K | $146K | 25x |
| Short | Pacifica kPEPE | 0.000004845 | 0.0100 | get 0.0013% / 1h | 51m 24s | $58K | $108K | 10x |
Extended 1000PEPE-USD
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Extended. 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
- −$145.32
- Price spread: +0.015% → +0.050%
- −$3.51
- Slippage, 4 orders
- −$32.3
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$194.13
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Extended: live order book, 36 min ago; Pacifica: live order book, 36 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 Extended live order book, 36 min ago | 3.05 bp | 7.7 bp −$8 | 45.1 bp −$451 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 36 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 | 0.000004841 | −0.068% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004847 | +0.050% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004849 | +0.098% | $56.1M | $68.3M | 10x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000004845 | +0.015% | $58K | $108K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004846 | +0.042% | $88.7M | $271.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004843 | −0.026% | $147.8M | $60.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004844 | −0.006% | $23.5M | $49.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004889 | +0.933% | $719K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004830 | −0.291% | $27K | $336K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004856 | +0.238% | $1K | $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 | 0.000004838 | −0.121% | $549K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0102% | 8h | 0.000004851 | +0.139% | $41.6M | $490.6M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0176% | 8h | 0.000004847 | +0.046% | $43.7M | $149.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004851 | +0.143% | $7K | — | 15x | as long as short |
| Lighter 1000PEPE | +0.0208% | 1h | 0.000004850 | +0.118% | $542K | $5.0M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004828 | −0.336% | $3.9M | $21.6M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0221% | 1h | 0.000004840 | −0.092% | $109K | $619K | 15x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0315% / S −0.0369% | 1h | 0.000004000 | −17.428% | $41K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0340% | 8h | 0.000004848 | +0.079% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0350% | 8h | 0.000004843 | −0.035% | $30K | $10K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0432% | 8h | 0.000004833 | −0.239% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004851 | +0.139% | $589K | $25.4M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0516% | 1h | 0.000004838 | −0.130% | $100K | $757K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0548% | 1h | 0.000004845 | +0.015% | $2K | $9K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004814 | −0.625% | $4K | $92K | 12x | as long as short |
| Nado kPEPE-PERP | +0.0731% | 1h | 0.000004850 | +0.118% | $181K | $868K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0756% | 1h | 0.000004843 | −0.036% | $3.9M | $12.8M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0763% | 8h | 0.000004845 | +0.007% | — | $2.3M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0782% | 1h | 0.000004849 | +0.098% | $82K | $94K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0788% | 8h | 0.000004849 | +0.108% | $93.7M | $286.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0791% | 8h | 0.000004848 | +0.077% | $130.2M | $1.01B | 75x | as long as short |
| Extended 1000PEPE-USDlong | +0.0792% | 1h | 0.000004844 | long leg | $532K | $146K | 25x | |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004847 | +0.056% | $137K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0843% | 8h | 0.000004849 | +0.089% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1808% | 1h | 0.000004855 | +0.221% | $556 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Lighter 1000PEPE
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
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Deribit 1000PEPE_USDC-PERPETUAL
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD