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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.018%
Price spread now: BloFin against Pacifica+0.104%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$450.453% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.175%+$18 on $10k
Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.104%, 7d avg −0.016%
Together, before fees+0.132%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.120% dearer against Pacifica than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica kPEPE0.0000047970.0100pay 0.0013% / 1h56m 37s$59K$114K10x
ShortBloFin PEPE-USDT0.0000048020.0342get 0.0342% / 8h56m 37s$3.9M$22.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$50.82
Price spread: +0.104% → −0.016%
$12.04
Slippage, 4 orders
−$25.29
Fee Pacifica: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$17.57
Costs to cover
0.453%
Break-even
4.6 days
Slippage from Pacifica: live order book, 21 min ago; BloFin: live order book, 2 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 Pacifica live order book, 21 min ago5.23 bp11.2 bp −$1119.3 bp −$193doesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago2.07 bp10.4 bp −$1013.5 bp −$13529.3 bp −$2,929103.7 bp −$51.9K

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
Hyperliquid kPEPE−0.0086%1h0.000004793−0.083%$65.0M$86.3M10xas long as short
dYdX PEPE-USD0.0000%1h0.000004793−0.077%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004797+0.004%$14K150xas long as short
Kraken Futures PF_PEPEUSD+0.0066%1h0.000004798+0.025%$3.9M$13.4M50xas long as short
Pacifica kPEPElong+0.0100%1h0.000004797long leg$59K$114K10x
Bybit 1000PEPEUSDT+0.0100%8h0.000004790−0.140%$86.6M$286.5M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004796−0.021%$150.6M$63.7M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004798+0.021%$24.7M$54.2M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004798+0.025%$42.3M$149.3M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004783−0.295%$548K$4.0Mas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004795−0.045%$28K$344K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004808+0.221%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004801+0.083%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004799+0.050%$543K$3.5M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004804+0.141%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0221%8h0.000004799+0.042%$41.4M$495.5M50xas long as short
Paradex kPEPE-USD-PERP+0.0230%8h0.000004796−0.026%$5K$1620xas long as short
01 Exchange kPEPEUSD+0.0264%1h0.000004794−0.063%$549$2K10xas long as short
Phemex u1000PEPEUSDT+0.0285%8h0.000004801+0.083%$2.3M$6.4M50xas long as short
BloFin PEPE-USDTshort+0.0342%8h0.000004802+0.104%$3.9M$22.3M75x
GMX PEPE/USD [ETH-USDC]L +0.0345% / S −0.0379%1h0.000004000−16.615%$42K100xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004803+0.125%$565K$25.7M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0403%1h0.000004789−0.167%$101K$760K25xas long as short
Injective PEPE/USDC PERP+0.0437%1h0.000004808+0.229%$4K$102K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0443%8h0.000004801+0.079%$29K$11K20xas long as short
Backpack kPEPE_USDC_PERP+0.0571%1h0.000004801+0.077%$91K$617K15xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0584%1h0.000004801+0.083%$81K$94K25xas long as short
Lighter 1000PEPE+0.0584%1h0.0000047970.000%$697K$6.1M10xas long as short
BingX 1000PEPE-USDC+0.0699%8h0.000004800+0.063%$2.3Mas long as short
Binance 1000PEPEUSDT+0.0712%8h0.000004794−0.058%$131.2M$1.05B75xas long as short
MEXC PEPE_USDT+0.0716%8h0.000004799+0.040%$92.7M$277.8M300xas long as short
Extended 1000PEPE-USD+0.0720%1h0.000004796−0.019%$529K$148K25xas long as short
Aevo 1000PEPE-PERP+0.0720%1h0.000004803+0.125%$136K3xas long as short
Aster 1000PEPEUSDT+0.0722%8h0.000004799+0.036%$1.5M$7.2M50xas long as short
Nado kPEPE-PERP+0.0915%1h0.000004796−0.027%$184K$845K10xas long as short