Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: ApeX Omni against Pacifica−0.296%111s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.502% of the position

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.384%+$38 · spread now −0.296%, 7d avg −0.028%

Together, before fees+0.383%+ Points / potential airdropPacifica: Active · farm board+$38 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: ApeX Omni is 0.267% cheaper against Pacifica than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.028%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000004736	0.0100	pay 0.0013% / 1h	5m 39s	$56K	$119K	10x
Short	ApeX Omni 1000PEPEUSDT	0.000004722	0.0100	get 0.0013% / 1h	5m 39s	$99K	$754K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now −0.296%Rate

Funding earned: $0
Price spread: −0.296% → −0.028%: −$26.73
Slippage, 4 orders: −$32.19
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$76.92
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from Pacifica: live order book, 7 min ago; ApeX Omni: live order book, 8 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 Pacifica live order book, 7 min ago	7.41 bp	11.4 bp −$11	18.3 bp −$183	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	4.34 bp	14.1 bp −$14	80.1 bp −$801	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
Hyperliquid kPEPE	−0.0333%	1h	0.000004729	−0.148%	$68.6M	$99.0M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004731	−0.103%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004724	−0.249%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004728	−0.162%	$3.8M	$13.9M	50x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000004736	long leg	$56K	$119K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004733	−0.063%	$87.0M	$294.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004732	−0.084%	$149.9M	$65.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004737	+0.019%	$24.2M	$54.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004737	+0.027%	$41.9M	$151.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004725	−0.235%	$544K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004722	−0.288%	$25K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDTshort	+0.0100%	1h	0.000004722	−0.296%	$99K	$754K	25x
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004736	+0.004%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004730	−0.127%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004731	−0.103%	$535K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0176%	1h	0.000004738	+0.042%	$572K	$6.6M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0176%	8h	0.000004737	+0.014%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004729	−0.144%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0190%	8h	0.000004733	−0.072%	$2.3M	$6.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0196%	8h	0.000004736	0.000%	$42.1M	$496.2M	50x	as long as short
01 Exchange kPEPEUSD	+0.0312%	1h	0.000004743	+0.148%	$543	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0325%	8h	0.000004730	−0.127%	$3.9M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0348%	8h	0.000004727	−0.188%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0391% / S −0.0429%	1h	0.000004000	−15.541%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004711	−0.528%	$568K	$25.3M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004728	−0.169%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0526%	1h	0.000004733	−0.072%	$92K	$603K	15x	as long as short
BingX 1000PEPE-USDT	+0.0548%	8h	0.000004737	+0.027%	—	$257.4M	—	as long as short
Aster 1000PEPEUSDT	+0.0556%	8h	0.000004738	+0.049%	$1.5M	$7.3M	50x	as long as short
Binance 1000PEPEUSDT	+0.0563%	8h	0.000004736	−0.007%	$132.5M	$1.07B	75x	as long as short
MEXC PEPE_USDT	+0.0565%	8h	0.000004739	+0.055%	$88.6M	$283.5M	300x	as long as short
Extended 1000PEPE-USD	+0.0568%	1h	0.000004737	+0.018%	$518K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0568%	1h	0.000004730	−0.127%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0609%	1h	0.000004733	−0.058%	$179K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0808%	1h	0.000004729	−0.148%	$76K	$98K	25x	as long as short