Funding you earn now, next payment 00:00 UTC−0.0510%/8h= −55.8% APRpaid last 24h +0.015%
Price spread now: Pacifica against Binance−0.034%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.034%, 7d avg −0.012%
=Together, before fees+0.094%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Pacifica is 0.022% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% a year). A funding rate is set anew for every payment. 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 | Binance 1000PEPEUSDT | 0.000004758 | 0.0610 | pay 0.0610% / 8h | 26m 16s | $131.1M | $1.06B | 75x |
| Short | Pacifica kPEPE | 0.000004756 | 0.0100 | get 0.0013% / 1h | 26m 16s | $59K | $116K | 10x |
Binance 1000PEPEUSDT
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Binance. 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
- −$107.05
- Price spread: −0.034% → −0.012%
- −$2.24
- Slippage, 4 orders
- −$22.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$149.52
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Pacifica: live order book, 51 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 Binance live order book, 3 min ago | 0.10 bp | 6.4 bp −$6 | 12.4 bp −$124 | 37.5 bp −$3,748 | doesn't fit |
| Sell Pacifica live order book, 51 min ago | 5.23 bp | 15.6 bp −$16 | 26.3 bp −$263 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0171% | 1h | 0.000004748 | −0.202% | $66.5M | $93.5M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004753 | −0.099% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004752 | −0.127% | $13K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004755 | −0.047% | $3.8M | $13.7M | 50x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000004756 | −0.034% | $59K | $116K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004754 | −0.076% | $85.7M | $290.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004752 | −0.118% | $149.3M | $64.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004755 | −0.055% | $24.2M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004753 | −0.095% | $42.0M | $150.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004753 | −0.098% | $536K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004770 | +0.261% | $25K | $348K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004769 | +0.239% | $99K | $754K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004764 | +0.128% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004757 | −0.013% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004755 | −0.055% | $539K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0112% | 1h | 0.000004756 | −0.034% | $592K | $6.4M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0182% | 8h | 0.000004755 | −0.058% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0184% | 8h | 0.000004759 | +0.022% | $2.3M | $6.5M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004755 | −0.055% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0206% | 8h | 0.000004757 | −0.013% | $41.4M | $494.6M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0264% | 1h | 0.000004758 | +0.008% | $545 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004766 | +0.176% | $3.9M | $22.3M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0380% / S −0.0342% | 1h | 0.000004000 | −15.925% | $46K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0384% | 8h | 0.000004756 | −0.041% | $30K | $12K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004757 | −0.013% | $562K | $25.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004767 | +0.197% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0592% | 1h | 0.000004756 | −0.034% | $77K | $98K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0593% | 1h | 0.000004766 | +0.176% | $90K | $602K | 15x | as long as short |
| Extended 1000PEPE-USD | +0.0608% | 1h | 0.000004756 | −0.030% | $524K | $148K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0610% | 8h | 0.000004759 | +0.037% | $1.5M | $7.3M | 50x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0610% | 8h | 0.000004758 | long leg | $131.1M | $1.06B | 75x | |
| BingX 1000PEPE-USDC | +0.0612% | 8h | 0.000004753 | −0.089% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0613% | 8h | 0.000004759 | +0.020% | $91.0M | $281.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0616% | 1h | 0.000004758 | +0.008% | $135K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0671% | 1h | 0.000004754 | −0.076% | $182K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP