Funding you earn now, next payment 00:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.043%
Price spread now: Coinbase International against Pacifica−0.180%7-day average 0.000% · 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−$64as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 3 days (all we have)+0.154%+$15 · spread now −0.180%, 7d avg 0.000%
=Together, before fees+0.110%+ Points / potential airdropPacifica: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.180% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of 0.000%). If the spread goes back, that is −$18 on $10k: about 2.2 days of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 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 | 0.000005007 | 0.0100 | pay 0.0013% / 1h | 18m 20s | $59K | $120K | 10x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000004998 | 0.0368 | get 0.0046% / 1h | 18m 20s | $676K | $27.4M | 50x |
Pacifica kPEPE
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $56.28
- Price spread: −0.180% → 0.000%
- −$18.02
- Slippage, 4 orders
- −$27.49
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$7.22
- Costs to cover
- 0.455%
- Break-even
- 7.9 days
Slippage from Pacifica: live order book, 54 min ago; Coinbase International: live order book, 6 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, 54 min ago | 7.41 bp | 11.4 bp −$11 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 4.01 bp | 12.0 bp −$12 | 19.3 bp −$193 | 52.9 bp −$5,294 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0117% | 1h | 0.000005019 | +0.245% | $3.9M | $14.2M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004997 | −0.198% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005008 | +0.022% | $15K | — | 150x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000005007 | long leg | $59K | $120K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005012 | +0.102% | $94.0M | $307.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004999 | −0.160% | $160.6M | $67.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004996 | −0.220% | $25.7M | $57.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005012 | +0.110% | $43.8M | $153.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005008 | +0.013% | $576K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005015 | +0.161% | $52K | $379K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005023 | +0.322% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005015 | +0.160% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005043 | +0.721% | $569K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005011 | +0.072% | $2.4M | $6.7M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005003 | −0.078% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0190% | 8h | 0.000005015 | +0.160% | $44.6M | $538.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0232% | 8h | 0.000004998 | −0.180% | $6K | $16 | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0242% | 1h | 0.000005019 | +0.240% | $104K | $749K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0277% | 8h | 0.000005013 | +0.114% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0308% | 8h | 0.000005011 | +0.080% | $4.0M | $23.9M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0368% | 1h | 0.000004998 | −0.180% | $676K | $27.4M | 50x | |
| BingX 1000PEPE-USDC | +0.0465% | 8h | 0.000005000 | −0.130% | — | $2.3M | — | as long as short |
| Lighter 1000PEPE | +0.0472% | 1h | 0.000005009 | +0.040% | $656K | $6.8M | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005016 | +0.176% | $552K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0480% | 8h | 0.000005006 | −0.022% | $98.9M | $287.8M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005006 | −0.020% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0481% | 8h | 0.000005012 | +0.109% | $138.5M | $1.11B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0484% / S −0.0459% | 1h | 0.000005000 | −0.140% | $58K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0528% | 8h | 0.000005001 | −0.110% | $1.4M | $7.5M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0535% | 1h | 0.000005000 | −0.148% | $190K | $862K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0536% | 1h | 0.000005007 | 0.000% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0564% | 1h | 0.000005020 | +0.264% | $95K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005029 | +0.439% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0748% | 1h | 0.000005015 | +0.160% | $61K | $114K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1498% | 1h | 0.000005027 | +0.399% | $57.4M | $128.3M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
BingX 1000PEPE-USDC
Lighter 1000PEPE
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE