PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0372%/8h= +40.7% APRnext payment +$0.46 per $10,000 · paid last 24h +0.058%

Price spread now: Extended against Pacifica+0.144%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Pacifica Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.144%, 7d avg −0.048%

Together, before fees−0.202%+ Points / potential airdropPacifica: Active · Extended: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.192% dearer against Pacifica than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.048%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 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	0.000004977	0.0100	pay 0.0013% / 1h	53m 28s	$59K	$122K	10x
Short	Extended 1000PEPE-USD	0.000004984	0.0472	get 0.0059% / 1h	53m 28s	$546K	$199K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.144%Rate

Funding earned: $78.12
Price spread: +0.144% → −0.048%: $19.23
Slippage, 4 orders: −$34.68
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $49.68
Costs to cover: 0.477%
Break-even: 2.5 days

Slippage from Pacifica: live order book, 14 min ago; Extended: live order book, 14 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, 14 min ago	6.87 bp	14.2 bp −$14	22.7 bp −$227	doesn't fit	doesn't fit
Sell Extended live order book, 14 min ago	2.95 bp	7.4 bp −$7	42.4 bp −$424	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	0.000004973	−0.075%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004989	+0.237%	$3K	—	150x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000004977	long leg	$59K	$122K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004988	+0.221%	$96.4M	$315.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004985	+0.161%	$159.2M	$69.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004991	+0.289%	$25.1M	$58.7M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004990	+0.269%	$44.0M	$157.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004938	−0.789%	$556K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004983	+0.123%	$46K	$386K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004981	+0.080%	$106K	$751K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004965	−0.237%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004939	−0.770%	$548K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004951	−0.522%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004992	+0.301%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0194%	8h	0.000004992	+0.301%	$43.9M	$549.6M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0253%	1h	0.000004959	−0.362%	$2K	$12K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0271%	8h	0.000004994	+0.344%	$32K	$22K	20x	as long as short
BloFin PEPE-USDT	+0.0317%	8h	0.000004949	−0.563%	$4.2M	$24.2M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0353%	8h	0.000004970	−0.138%	$6K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000004937	−0.804%	$570K	$28.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0444%	8h	0.000004993	+0.328%	—	$257.9M	—	as long as short
Aevo 1000PEPE-PERP	+0.0464%	1h	0.000004947	−0.603%	$140K	—	3x	as long as short
MEXC PEPE_USDT	+0.0468%	8h	0.000004989	+0.247%	$93.6M	$287.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0471%	8h	0.000004996	+0.380%	$137.5M	$1.15B	75x	as long as short
Extended 1000PEPE-USDshort	+0.0472%	1h	0.000004984	+0.144%	$546K	$199K	25x
GMX PEPE/USD [ETH-USDC]	L +0.0503% / S −0.0409%	1h	0.000004000	−19.630%	$62K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0524%	8h	0.000004983	+0.122%	$1.7M	$7.9M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0590%	1h	0.000004964	−0.261%	$100K	$621K	15x	as long as short
Nado kPEPE-PERP	+0.0715%	1h	0.000004990	+0.263%	$172K	$880K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0761%	1h	0.000004949	−0.563%	$60K	$114K	25x	as long as short
01 Exchange kPEPEUSD	+0.0824%	1h	0.000004995	+0.362%	$1K	$2K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0840%	1h	0.000004958	−0.378%	$3.9M	$14.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000004967	−0.201%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1136%	1h	0.000004979	+0.040%	$643K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2553%	1h	0.000005000	+0.462%	$55.1M	$134.4M	10x	as long as short