Funding you earn now, next payment 07:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.085%
Price spread now: Pacifica against Deribit−0.019%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$850.851% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.019%, 7d avg +0.033%
=Together, before fees−0.117%+ Points / potential airdropPacifica: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Pacifica is 0.053% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005160 | 0.0332 | pay 0.0041% / 1h | 55m 32s | $74K | $127K | 25x |
| Short | Pacifica kPEPE | 0.000005159 | 0.0100 | get 0.0013% / 1h | 55m 32s | $60K | $180K | 10x |
Deribit 1000PEPE_USDC-PERPETUAL
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Deribit. 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
- −$48.66
- Price spread: −0.019% → +0.033%
- −$5.26
- Slippage, 4 orders
- −$70.09
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$139.01
- Costs to cover
- 0.851%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 18 min ago; Pacifica: live order book, 52 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 Deribit live order book, 18 min ago | 27.35 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 52 min ago | 4.97 bp | 12.5 bp −$13 | 21.8 bp −$218 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005206 | +0.891% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005152 | −0.153% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005158 | −0.029% | $4K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005159 | −0.019% | $60K | $180K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005165 | +0.097% | $101.2M | $413.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005156 | −0.078% | $163.3M | $95.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005158 | −0.041% | $25.7M | $71.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005162 | +0.031% | $615K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005173 | +0.251% | $28K | $539K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005172 | +0.240% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005158 | −0.039% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005175 | +0.291% | $590K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005165 | +0.092% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0310% | 8h | 0.000005155 | −0.095% | $46.2M | $213.7M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0332% | 1h | 0.000005160 | long leg | $74K | $127K | 25x | |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005159 | −0.025% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000005158 | −0.039% | $48.4M | $721.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005156 | −0.079% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0515% | 8h | 0.000005158 | −0.038% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0545% | 8h | 0.000005186 | +0.504% | $4.4M | $29.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0576% | 8h | 0.000005155 | −0.097% | $2.4M | $8.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0607% | 1h | 0.000005157 | −0.058% | $72K | $848K | 15x | as long as short |
| Lighter 1000PEPE | +0.0616% | 1h | 0.000005161 | +0.019% | $621K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005169 | +0.174% | $702K | $38.3M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005156 | −0.078% | $622 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0738% | 1h | 0.000005162 | +0.036% | $165K | $955K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0751% | 8h | 0.000005154 | −0.110% | — | $217.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000005166 | +0.116% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0785% | 8h | 0.000005160 | −0.010% | $142.6M | $1.44B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0788% | 8h | 0.000005155 | −0.089% | $98.3M | $301.9M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005152 | −0.146% | $547K | $285K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0812% | 8h | 0.000005160 | +0.008% | $1.8M | $11.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0915% | 1h | 0.000005164 | +0.078% | $55.1M | $154.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.101% | $63K | — | 100x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1244% | 1h | 0.000005189 | +0.562% | $157K | $818K | 25x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
ApeX Omni 1000PEPEUSDT