Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: KuCoin against Pacifica−0.021%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.021%, 7d avg −0.023%

Together, before fees+0.109%+ Points / potential airdropPacifica: Active · farm board+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000005276	0.0100	pay 0.0013% / 1h	56m 29s	$70K	$152K	10x
Short	KuCoin PEPEUSDTM	0.000005275	0.0100	get 0.0100% / 8h	3h 56m	$27.4M	$66.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → −0.023%: $0.18
Slippage, 4 orders: −$42.62
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$62.44
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from Pacifica: live order book, 61 min ago; KuCoin: live order book, 3 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, 61 min ago	4.95 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.66 bp	11.8 bp −$12	23.9 bp −$239	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	0.000005269	−0.134%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005279	+0.051%	$15K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005255	−0.398%	$3K	$110K	12x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000005276	long leg	$70K	$152K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005276	+0.004%	$103.4M	$365.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005277	+0.019%	$172.8M	$84.1M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000005275	−0.021%	$27.4M	$66.7M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005245	−0.595%	$840K	$4.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005263	−0.255%	$38K	$490K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005280	+0.078%	$1K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005274	−0.044%	$613K	$3.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005279	+0.057%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0241%	8h	0.000005279	+0.061%	$48.6M	$183.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0370%	8h	0.000005251	−0.480%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0410%	8h	0.000005280	+0.076%	$51.2M	$660.1M	50x	as long as short
BloFin PEPE-USDT	+0.0526%	8h	0.000005272	−0.076%	$4.5M	$27.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0594%	8h	0.000005270	−0.119%	$2.6M	$7.4M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0703%	1h	0.000005251	−0.474%	$74K	$126K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005282	+0.114%	$775K	$35.7M	50x	as long as short
BingX 1000PEPE-USDT	+0.0742%	8h	0.000005291	+0.282%	—	$263.4M	—	as long as short
Extended 1000PEPE-USD	+0.0784%	1h	0.000005279	+0.056%	$560K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0784%	1h	0.000005268	−0.152%	$149K	—	3x	as long as short
MEXC PEPE_USDT	+0.0787%	8h	0.000005279	+0.061%	$103.0M	$291.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0788%	8h	0.000005285	+0.170%	$153.7M	$1.29B	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0802%	8h	0.000005281	+0.090%	$6K	—	20x	as long as short
Lighter 1000PEPE	+0.0824%	1h	0.000005278	+0.038%	$640K	$8.4M	10x	as long as short
SoDEX 1000PEPE-USD	+0.0832%	1h	0.000005271	−0.095%	$2K	$10K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0863% / S −0.1699%	1h	0.000005000	−5.231%	$65K	—	100x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0888%	1h	0.000005253	−0.436%	$173K	$797K	25x	as long as short
Nado kPEPE-PERP	+0.0897%	1h	0.000005281	+0.086%	$187K	$911K	10x	as long as short
Aster 1000PEPEUSDT	+0.0907%	8h	0.000005283	+0.126%	$1.9M	$9.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1352%	1h	0.000005293	+0.322%	$638	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1409%	1h	0.000005268	−0.146%	$84K	$715K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1548%	1h	0.000005275	−0.014%	$4.8M	$16.2M	50x	as long as short
Hyperliquid kPEPE	+0.1640%	1h	0.000005287	+0.208%	$57.6M	$143.6M	10x	as long as short