Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: Pacifica against Gate+0.155%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$540.539% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.155%, 7d avg +0.034%
Together, before fees−0.107%+ Points / potential airdropPacifica: Active · farm board−$11 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 0.121% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PEPE_USDT0.0000051630.0100pay 0.0100% / 8h1h 04m$164.1M$97.7M75x
ShortPacifica kPEPE0.0000051710.0100get 0.0013% / 1h4m 09s$60K$182K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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

Funding earned
$0
Price spread: +0.155% → +0.034%
$12.07
Slippage, 4 orders
−$30.91
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$41.84
Costs to cover
0.539%
Break-even
never at this rate
Slippage from Gate: live order book, 5 min ago; Pacifica: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago1.94 bp9.5 bp −$915.2 bp −$15267.1 bp −$6,708doesn't fit
Sell Pacifica live order book, 39 min ago6.80 bp12.6 bp −$1319.3 bp −$193doesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PEPE/USDC PERP−0.0016%1h0.000005140−0.445%$8K$120K12xas long as short
dYdX PEPE-USD0.0000%1h0.000005165+0.030%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005160−0.052%$4K150xas long as short
Pacifica kPEPEshort+0.0100%1h0.000005171+0.155%$60K$182K10x
Bybit 1000PEPEUSDT+0.0100%8h0.000005169+0.107%$101.0M$421.4M50xas long as short
Gate PEPE_USDTlong+0.0100%8h0.000005163long leg$164.1M$97.7M75x
Variational Omni 1000PEPE+0.0100%8h0.000005168+0.089%$607K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005152−0.209%$28K$543K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005174+0.213%$2K$2.7M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000005168+0.087%$599K$4.2M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PEPEUSDTM+0.0108%8h0.000005169+0.112%$26.4M$72.7M75xas long as short
SoDEX 1000PEPE-USD+0.0169%1h0.000005167+0.077%$2K$11K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005165+0.037%$8K15xas long as short
Bitget PEPEUSDT+0.0284%8h0.000005168+0.101%$46.3M$216.5M75xas long as short
OKX PEPE-USDT-SWAP+0.0400%8h0.000005173+0.194%$47.7M$738.2M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0400%8h0.000005166+0.054%$34K$26K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0422%1h0.000005152−0.213%$150K$829K25xas long as short
Kraken Futures PF_PEPEUSD+0.0452%1h0.000005165+0.043%$4.7M$16.5M50xas long as short
Backpack kPEPE_USDC_PERP+0.0471%1h0.000005170+0.138%$73K$866K15xas long as short
Phemex u1000PEPEUSDT+0.0511%8h0.000005170+0.128%$2.4M$8.0M50xas long as short
BloFin PEPE-USDT+0.0517%8h0.000005169+0.116%$4.4M$30.0M75xas long as short
Paradex kPEPE-USD-PERP+0.0519%8h0.000005168+0.102%$6K20xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0525%1h0.000005165+0.039%$74K$127K25xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.0000051630.000%$690K$39.1M50xas long as short
01 Exchange kPEPEUSD+0.0680%1h0.000005173+0.194%$624$3K10xas long as short
Nado kPEPE-PERP+0.0697%1h0.000005169+0.118%$165K$960K10xas long as short
Lighter 1000PEPE+0.0720%1h0.000005172+0.174%$617K$9.1M10xas long as short
BingX 1000PEPE-USDT+0.0723%8h0.000005169+0.112%$218.1Mas long as short
Aster 1000PEPEUSDT+0.0749%8h0.000005169+0.115%$1.8M$11.7M50xas long as short
Binance 1000PEPEUSDT+0.0759%8h0.000005169+0.118%$142.2M$1.47B75xas long as short
Extended 1000PEPE-USD+0.0760%1h0.000005166+0.051%$543K$284K25xas long as short
MEXC PEPE_USDT+0.0760%8h0.000005166+0.060%$99.8M$306.9M300xas long as short
Aevo 1000PEPE-PERP+0.0760%1h0.000005168+0.097%$146K3xas long as short
Hyperliquid kPEPE+0.0954%1h0.000005173+0.194%$53.7M$156.9M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1133% / S −0.2249%1h0.000005000−3.157%$64K100xas long as short