Funding you earn now, next payment 09:00 UTC−0.0271%/8h= −29.7% APRnext payment −$0.34 per $10,000 · paid last 24h −0.159%
Price spread now: Pacifica against Backpack+0.212%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days−0.225%−$22 on $10k
+Price spread, last 4 days (all we have)−0.565%−$57 · spread now +0.212%, 7d avg +0.027%
=Together, before fees−0.790%+ Points / potential airdropPacifica: Active · farm board−$79 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.184% dearer against Backpack than usual: you sell high and buy low (spread +0.212% now, against its 7-day average of +0.027%): +$18 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.225% in total) that is about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kPEPE_USDC_PERP | 0.000005005 | 0.0371 | pay 0.0046% / 1h | 12m 59s | $66K | $957K | 15x |
| Short | Pacifica kPEPE | 0.000005016 | 0.0100 | get 0.0013% / 1h | 12m 59s | $57K | $195K | 10x |
Backpack kPEPE_USDC_PERP
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Backpack. 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
- −$57.01
- Price spread: +0.212% → +0.027%
- $18.44
- Slippage, 4 orders
- −$27.47
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$84.04
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 21 min ago; Pacifica: live order book, 20 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 Backpack live order book, 21 min ago | 0.10 bp | 5.2 bp −$5 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 20 min ago | 9.93 bp | 15.1 bp −$15 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004994 | −0.224% | $3K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005016 | +0.212% | $57K | $195K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005004 | −0.020% | $97.4M | $446.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005002 | −0.068% | $159.7M | $102.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005037 | +0.627% | $664K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005032 | +0.539% | $28K | $568K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005006 | +0.020% | $1K | $2.7M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004999 | −0.128% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005009 | +0.064% | $584K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005025 | +0.392% | $6K | $121K | 12x | as long as short |
gTrade (Gains Network) PEPE/USD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0150% | 1h | 0.000004998 | −0.148% | $71K | $125K | 25x | as long as short |
| KuCoin PEPEUSDTM | +0.0151% | 8h | 0.000004999 | −0.134% | $25.5M | $75.8M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0165% | 8h | 0.000005006 | +0.020% | $44.7M | $226.6M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0179% | 1h | 0.000005024 | +0.372% | $147K | $845K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005002 | −0.064% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0307% | 8h | 0.000005002 | −0.068% | $46.0M | $743.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0343% | 1h | 0.000005008 | +0.052% | $51.7M | $161.7M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0346% | 8h | 0.000005015 | +0.197% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0371% | 1h | 0.000005005 | long leg | $66K | $957K | 15x | |
| Phemex u1000PEPEUSDT | +0.0383% | 8h | 0.000005002 | −0.072% | $2.3M | $8.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.0408% | 1h | 0.000005002 | −0.068% | $592K | $9.1M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0430% | 8h | 0.000004999 | −0.128% | $4.3M | $30.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0439% | 8h | 0.000005001 | −0.086% | $32K | $30K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0480% | 1h | 0.000005014 | +0.172% | $605 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000004996 | −0.188% | $673K | $39.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0601% | 8h | 0.000005005 | −0.014% | — | $179.4M | — | as long as short |
| Nado kPEPE-PERP | +0.0613% | 1h | 0.000005004 | −0.018% | $154K | $949K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0616% | 1h | 0.000004999 | −0.122% | $525K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0616% | 1h | 0.000004999 | −0.128% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0619% | 8h | 0.000005009 | +0.062% | $98.6M | $312.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0619% | 8h | 0.000005009 | +0.072% | $133.2M | $1.55B | 75x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0635% | 1h | 0.000004995 | −0.204% | $4.6M | $17.1M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0639% | 8h | 0.000005010 | +0.094% | $1.7M | $12.2M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0971% / S −0.1091% | 1h | 0.000004000 | −20.086% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.3988% | 1h | 0.000005009 | +0.075% | $25K | $12K | 10x | as long as short |
Deribit 1000PEPE_USDC-PERPETUAL
KuCoin PEPEUSDTM
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Hyperliquid kPEPE
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Nado kPEPE-PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD