Funding you earn now, next payment 23:00 UTC+0.0512%/8h= +56.1% APRnext payment +$0.64 per $10,000 · paid last 24h +0.077%
Price spread now: Backpack against Pacifica+0.169%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.169%, 7d avg −0.010%
=Together, before fees+0.076%+ Points / potential airdropPacifica: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Backpack is 0.179% dearer against Pacifica than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.010%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.141% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.64 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 | Pacifica kPEPE | 0.000004787 | 0.0100 | pay 0.0013% / 1h | 1m 13s | $59K | $114K | 10x |
| Short | Backpack kPEPE_USDC_PERP | 0.000004795 | 0.0612 | get 0.0077% / 1h | 1m 13s | $92K | $616K | 15x |
Pacifica kPEPE
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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
- $107.52
- Price spread: +0.169% → −0.010%
- $17.94
- Slippage, 4 orders
- −$28.91
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $78.55
- Costs to cover
- 0.469%
- Break-even
- 1.9 days
Slippage from Pacifica: live order book, 16 min ago; Backpack: live order book, 18 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, 16 min ago | 5.23 bp | 11.2 bp −$11 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 18 min ago | 3.23 bp | 8.3 bp −$8 | 25.8 bp −$258 | 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 | 0.000004784 | −0.069% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004783 | −0.079% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004789 | +0.042% | $668K | $6.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004779 | −0.167% | $63.8M | $85.2M | 10x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000004787 | long leg | $59K | $114K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004795 | +0.157% | $86.7M | $285.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004782 | −0.104% | $150.3M | $63.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004787 | 0.000% | $24.7M | $54.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004796 | +0.180% | $42.3M | $149.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004787 | −0.003% | $542K | $4.0M | — | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004802 | +0.308% | $27K | $346K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004798 | +0.226% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004790 | +0.063% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004791 | +0.079% | $543K | $3.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004785 | −0.041% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0220% | 8h | 0.000004795 | +0.167% | $41.3M | $493.7M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0244% | 8h | 0.000004787 | −0.009% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0310% | 8h | 0.000004791 | +0.094% | $2.3M | $6.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0340% | 8h | 0.000004787 | 0.000% | $3.9M | $22.2M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0340% / S −0.0370% | 1h | 0.000004000 | −16.440% | $42K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0392% | 1h | 0.000004786 | −0.021% | $548 | $2K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0420% | 1h | 0.000004802 | +0.313% | $102K | $762K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004790 | +0.063% | $565K | $25.6M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0448% | 8h | 0.000004786 | −0.031% | $29K | $11K | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0586% | 1h | 0.000004788 | +0.021% | $81K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.0612% | 1h | 0.000004795 | +0.169% | $92K | $616K | 15x | |
| BingX 1000PEPE-USDC | +0.0719% | 8h | 0.000004793 | +0.121% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0726% | 8h | 0.000004791 | +0.081% | $131.1M | $1.05B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0728% | 1h | 0.000004789 | +0.043% | $526K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0728% | 1h | 0.000004788 | +0.021% | $135K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0729% | 8h | 0.000004799 | +0.242% | $92.9M | $286.7M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0734% | 8h | 0.000004790 | +0.072% | $1.5M | $7.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0740% | 1h | 0.000004787 | +0.010% | $183K | $846K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004805 | +0.376% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1333% | 1h | 0.000004787 | −0.001% | $3.9M | $13.4M | 50x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD