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 +0.012%

Price spread now: Pacifica against KuCoin+0.071%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$540.539% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.208%−$21 · spread now +0.071%, 7d avg +0.023%

Together, before fees−0.159%+ Points / potential airdropPacifica: Active · farm board−$16 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 0.048% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEPEUSDTM	0.000004812	0.0100	pay 0.0100% / 8h	2h 27m	$25.3M	$53.1M	75x
Short	Pacifica kPEPE	0.000004815	0.0100	get 0.0013% / 1h	27m 37s	$59K	$113K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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 KuCoinbpFee PacificabpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.023%: $4.76
Slippage, 4 orders: −$33.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$49.16
Costs to cover: 0.539%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Pacifica: live order book, 59 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 KuCoin live order book, 6 min ago	1.14 bp	11.7 bp −$12	31.0 bp −$310	69.1 bp −$6,915	doesn't fit
Sell Pacifica live order book, 59 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	0.000004808	−0.078%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004800	−0.235%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004812	+0.008%	$57.2M	$70.7M	10x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000004815	+0.071%	$59K	$113K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004814	+0.058%	$88.6M	$273.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004808	−0.075%	$149.7M	$61.9M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000004812	long leg	$25.3M	$53.1M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004799	−0.256%	$702K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004804	−0.168%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004815	+0.077%	$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	0.000004809	−0.046%	$554K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0145%	8h	0.000004819	+0.154%	$41.3M	$489.8M	50x	as long as short
Bitget PEPEUSDT	+0.0176%	8h	0.000004812	+0.004%	$43.2M	$152.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004817	+0.107%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0255%	8h	0.000004802	−0.200%	$3.9M	$21.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.868%	$52K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0386%	8h	0.000004810	−0.025%	$29K	$11K	20x	as long as short
Lighter 1000PEPE	+0.0408%	1h	0.000004812	+0.008%	$616K	$5.2M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0436%	8h	0.000004818	+0.133%	$5K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004807	−0.096%	$576K	$25.4M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0474%	8h	0.000004809	−0.054%	$2.3M	$6.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004804	−0.158%	$4K	$92K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0558%	1h	0.000004808	−0.067%	$95K	$622K	15x	as long as short
Nado kPEPE-PERP	+0.0706%	1h	0.000004817	+0.119%	$186K	$853K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0726%	1h	0.000004803	−0.179%	$99K	$759K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0750%	1h	0.000004807	−0.096%	$2K	$9K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0762%	1h	0.000004806	−0.109%	$3.9M	$13.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0774%	8h	0.000004813	+0.019%	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0824%	1h	0.000004814	+0.050%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0831%	8h	0.000004815	+0.071%	$90.6M	$290.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0831%	8h	0.000004821	+0.197%	$128.2M	$1.02B	75x	as long as short
Extended 1000PEPE-USD	+0.0832%	1h	0.000004816	+0.099%	$529K	$147K	25x	as long as short
Aster 1000PEPEUSDT	+0.0868%	8h	0.000004814	+0.049%	$1.5M	$6.8M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1000%	1h	0.000004807	−0.096%	$81K	$94K	25x	as long as short
01 Exchange kPEPEUSD	+0.1248%	1h	0.000004829	+0.362%	$553	$2K	10x	as long as short