Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.014%

Price spread now: Orderly against Pacifica+0.202%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Orderly is 0.202% dearer against Pacifica than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000005153	0.0100	pay 0.0013% / 1h	42m 47s	$60K	$180K	10x
Short	Orderly PERP_1000PEPE_USDC	0.000005163	0.0383	get 0.0383% / 8h	1h 42m	$34K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.202%Rate

Funding earned: $59.38
Price spread: +0.202% → 0.000%: $20.18
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $65.56
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 65 min ago; Orderly: no order-book sample. Net counts fees only.

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, 65 min ago	4.97 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005154	+0.019%	$10K	$119K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005149	−0.085%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005160	+0.136%	$4K	—	150x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000005153	long leg	$60K	$180K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005144	−0.175%	$101.3M	$415.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005158	+0.097%	$164.6M	$96.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005154	+0.021%	$26.0M	$72.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005133	−0.396%	$612K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005145	−0.150%	$28K	$543K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005171	+0.343%	$1K	$2.6M	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	0.000005164	+0.213%	$595K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0105%	1h	0.000005157	+0.078%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005163	+0.187%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0297%	8h	0.000005152	−0.014%	$46.1M	$214.6M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0332%	1h	0.000005161	+0.155%	$74K	$127K	25x	as long as short
Orderly PERP_1000PEPE_USDCshort	+0.0383%	8h	0.000005163	+0.202%	$34K	$26K	20x
Backpack kPEPE_USDC_PERP	+0.0410%	1h	0.000005160	+0.144%	$74K	$855K	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0417%	8h	0.000005147	−0.116%	$48.2M	$726.4M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0452%	1h	0.000005159	+0.124%	$4.7M	$16.8M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0456%	1h	0.000005149	−0.078%	$156K	$821K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0503%	8h	0.000005149	−0.072%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0542%	8h	0.000005159	+0.116%	$4.6M	$29.6M	75x	as long as short
Lighter 1000PEPE	+0.0560%	1h	0.000005156	+0.058%	$619K	$9.0M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0563%	8h	0.000005159	+0.111%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005164	+0.213%	$673K	$38.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.0656%	1h	0.000005183	+0.582%	$625	$3K	10x	as long as short
Nado kPEPE-PERP	+0.0728%	1h	0.000005163	+0.186%	$164K	$957K	10x	as long as short
BingX 1000PEPE-USDT	+0.0735%	8h	0.000005161	+0.163%	—	$217.5M	—	as long as short
Aevo 1000PEPE-PERP	+0.0768%	1h	0.000005167	+0.272%	$146K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0773%	8h	0.000005152	−0.016%	$142.7M	$1.45B	75x	as long as short
MEXC PEPE_USDT	+0.0773%	8h	0.000005150	−0.066%	$99.3M	$303.1M	300x	as long as short
Extended 1000PEPE-USD	+0.0776%	1h	0.000005161	+0.151%	$547K	$286K	25x	as long as short
Aster 1000PEPEUSDT	+0.0784%	8h	0.000005152	−0.014%	$1.8M	$11.7M	50x	as long as short
Hyperliquid kPEPE	+0.0979%	1h	0.000005164	+0.213%	$55.3M	$154.8M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1133% / S −0.2351%	1h	0.000005000	−2.969%	$64K	—	100x	as long as short