Funding you earn now, next payment 01:00 UTC−0.0694%/8h= −76.0% APRnext payment −$0.87 per $10,000 · paid last 24h −0.029%
Price spread now: Pacifica against Deribit+0.042%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Pacifica is 0.042% dearer against Deribit than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 5 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.87 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 | 0.000004792 | 0.0794 | pay 0.0099% / 1h | 55m 10s | $77K | $98K | 25x |
| Short | Pacifica kPEPE | 0.000004794 | 0.0100 | get 0.0013% / 1h | 55m 10s | $56K | $119K | 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
- −$145.85
- Price spread: +0.042% → 0.000%
- $4.17
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$156.67
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Pacifica: live order book, 17 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Pacifica live order book, 17 min ago | 7.41 bp | 13.0 bp −$13 | 21.4 bp −$214 | doesn't fit | doesn't fit |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0122% | 1h | 0.000004790 | −0.039% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004791 | −0.025% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004788 | −0.092% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004790 | −0.042% | $68.5M | $102.3M | 10x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000004794 | +0.042% | $56K | $119K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004791 | −0.029% | $87.5M | $297.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004792 | 0.000% | $152.3M | $64.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004791 | −0.029% | $24.0M | $55.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004792 | +0.004% | $42.5M | $151.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004801 | +0.185% | $554K | $4.2M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
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 | 0.000004798 | +0.119% | $26K | $350K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004799 | +0.142% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004791 | −0.027% | $542K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004797 | +0.100% | $2.3M | $6.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0112% | 1h | 0.000004794 | +0.042% | $575K | $6.6M | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0116% | 1h | 0.000004791 | −0.021% | $2K | $12K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0175% | 8h | 0.000004794 | +0.038% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004789 | −0.058% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0193% | 8h | 0.000004796 | +0.083% | $42.8M | $505.7M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0313% | 8h | 0.000004800 | +0.167% | $3.9M | $22.8M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0331% | 8h | 0.000004790 | −0.035% | $30K | $13K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0336% | 1h | 0.000004788 | −0.083% | $548 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004791 | −0.021% | $551K | $25.8M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0405% / S −0.0447% | 1h | 0.000004000 | −16.528% | $43K | — | 100x | as long as short |
| Nado kPEPE-PERP | +0.0415% | 1h | 0.000004795 | +0.061% | $180K | $848K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0532% | 8h | 0.000004794 | +0.046% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0542% | 8h | 0.000004799 | +0.150% | $135.1M | $1.08B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0544% | 1h | 0.000004791 | −0.021% | $526K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0544% | 1h | 0.000004780 | −0.250% | $135K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0545% | 8h | 0.000004793 | +0.019% | $91.1M | $279.7M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0546% | 8h | 0.000004795 | +0.060% | $1.5M | $7.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004793 | +0.021% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0658% | 1h | 0.000004795 | +0.054% | $94K | $602K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0794% | 1h | 0.000004792 | long leg | $77K | $98K | 25x | |
| ApeX Omni 1000PEPEUSDT | +0.1932% | 1h | 0.000004800 | +0.167% | $100K | $753K | 25x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT