Funding you earn now, next payment 02:00 UTC−0.0809%/8h= −88.5% APRnext payment −$1.01 per $10,000 · paid last 24h −0.101%
Price spread now: Pacifica against Injective−0.273%7-day average −0.561% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$1151.154% of the position
Funding, last 7 days−0.338%−$34 on $10k
+Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.273%, 7d avg −0.561%
=Together, before fees−0.240%+ Points / potential airdropPacifica: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.287% dearer against Injective than usual: you sell high and buy low (spread −0.273% now, against its 7-day average of −0.561%): +$29 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.338% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.338% in total (about -17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.01 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 | Injective PEPE/USDC PERP | 0.000005124 | 0.0909 | pay 0.0114% / 1h | 7m 04s | $4K | $102K | 12x |
| Short | Pacifica kPEPE | 0.000005110 | 0.0100 | get 0.0013% / 1h | 7m 04s | $63K | $127K | 10x |
Injective PEPE/USDC PERP
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Injective. 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
- −$169.82
- Price spread: −0.273% → −0.561%
- $28.75
- Slippage, 4 orders
- −$107.42
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$256.5
- Costs to cover
- 1.154%
- Break-even
- never at this rate
Slippage from Injective: live order book, 61 min ago; Pacifica: live order book, 60 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 Injective live order book, 61 min ago | 22.64 bp | 59.9 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 60 min ago | 6.87 bp | 18.7 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
PEPE on 34 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 | 0.000005104 | −0.391% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005116 | −0.160% | $18K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005110 | −0.273% | $63K | $127K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005114 | −0.195% | $99.5M | $326.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005114 | −0.195% | $164.1M | $72.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005119 | −0.100% | $25.6M | $61.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005121 | −0.051% | $47.9M | $166.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005085 | −0.769% | $648K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005074 | −0.969% | $27K | $421K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005129 | +0.100% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005122 | −0.033% | $577K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005121 | −0.063% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0265% | 8h | 0.000005120 | −0.078% | $46.1M | $581.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0290% | 8h | 0.000005126 | +0.039% | $34K | $24K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005128 | +0.078% | $922K | $30.9M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0450% | 8h | 0.000005120 | −0.086% | $2.4M | $7.0M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0507% | 8h | 0.000005116 | −0.152% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0528% / S −0.0558% | 1h | 0.000005000 | −2.420% | $57K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0546% | 8h | 0.000005120 | −0.084% | $97.6M | $292.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0552% | 8h | 0.000005119 | −0.094% | $145.0M | $1.18B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0552% | 1h | 0.000005126 | +0.039% | $562K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0552% | 1h | 0.000005143 | +0.371% | $145K | — | 3x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0554% | 1h | 0.000005067 | −1.112% | $105K | $749K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0624% | 1h | 0.000005126 | +0.039% | $2K | $12K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0644% | 1h | 0.000005119 | −0.100% | $194K | $882K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0650% | 8h | 0.000005123 | −0.020% | $1.7M | $8.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0653% | 8h | 0.000005102 | −0.437% | $6K | $16 | 20x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0813% | 1h | 0.000005124 | −0.009% | $4.1M | $14.6M | 50x | as long as short |
| Injective PEPE/USDC PERPlong | +0.0909% | 1h | 0.000005124 | long leg | $4K | $102K | 12x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0923% | 1h | 0.000005120 | −0.078% | $62K | $114K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0957% | 1h | 0.000005120 | −0.074% | $99K | $610K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005119 | −0.098% | $617 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1792% | 1h | 0.000005128 | +0.078% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2060% | 1h | 0.000005128 | +0.078% | $56.6M | $136.1M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE