Funding you earn now, next payment 22:00 UTC−0.0772%/8h= −84.5% APRnext payment −$0.97 per $10,000 · paid last 24h −0.025%
Price spread now: Pacifica against Extended−0.056%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.056%, 7d avg +0.051%
=Together, before fees+0.161%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Pacifica is 0.107% cheaper against Extended than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.051%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.97 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 | Extended 1000PEPE-USD | 0.000004812 | 0.0872 | pay 0.0109% / 1h | 8m 16s | $529K | $147K | 25x |
| Short | Pacifica kPEPE | 0.000004809 | 0.0100 | get 0.0013% / 1h | 8m 16s | $59K | $113K | 10x |
Extended 1000PEPE-USD
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Extended. 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
- −$162.12
- Price spread: −0.056% → +0.051%
- −$10.69
- Slippage, 4 orders
- −$32.5
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$218.31
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from Extended: live order book, 15 min ago; Pacifica: live order book, 14 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 Extended live order book, 15 min ago | 3.09 bp | 7.6 bp −$8 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 14 min ago | 5.16 bp | 16.5 bp −$16 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004805 | −0.142% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004808 | −0.083% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004813 | +0.027% | $58.4M | $72.6M | 10x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000004809 | −0.056% | $59K | $113K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004809 | −0.063% | $87.5M | $275.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004810 | −0.036% | $150.3M | $62.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004816 | +0.095% | $25.0M | $53.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004820 | +0.180% | $577K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004821 | +0.201% | $27K | $340K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004823 | +0.228% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004814 | +0.056% | $554K | $3.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0179% | 8h | 0.000004813 | +0.027% | $41.4M | $485.8M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0183% | 8h | 0.000004812 | 0.000% | $42.5M | $150.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004815 | +0.071% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0295% | 8h | 0.000004821 | +0.193% | $3.9M | $21.8M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.869% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0419% | 8h | 0.000004814 | +0.048% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004808 | −0.077% | $578K | $25.1M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0500% | 8h | 0.000004818 | +0.135% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0526% | 8h | 0.000004809 | −0.055% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004829 | +0.359% | $4K | $110K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0582% | 1h | 0.000004812 | +0.006% | $81K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0720% | 1h | 0.000004819 | +0.145% | $93K | $624K | 15x | as long as short |
| Lighter 1000PEPE | +0.0736% | 1h | 0.000004817 | +0.110% | $600K | $5.3M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0738% | 1h | 0.000004815 | +0.074% | $188K | $848K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0743% | 1h | 0.000004818 | +0.131% | $102K | $762K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0761% | 1h | 0.000004812 | +0.006% | $3.9M | $13.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0764% | 1h | 0.000004813 | +0.027% | $2K | $9K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0820% | 8h | 0.000004814 | +0.048% | — | $254.7M | — | as long as short |
| MEXC PEPE_USDT | +0.0870% | 8h | 0.000004810 | −0.025% | $91.2M | $292.2M | 300x | as long as short |
| Extended 1000PEPE-USDlong | +0.0872% | 1h | 0.000004812 | long leg | $529K | $147K | 25x | |
| Aevo 1000PEPE-PERP | +0.0872% | 1h | 0.000004814 | +0.048% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0873% | 8h | 0.000004812 | +0.010% | $128.3M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0904% | 8h | 0.000004815 | +0.070% | $1.5M | $6.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1208% | 1h | 0.000004823 | +0.235% | $552 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD