Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against Gate−0.041%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$510.511% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.041%, 7d avg +0.036%
Together, before fees+0.031%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.077% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PEPE_USDT0.0000049060.0100pay 0.0100% / 8h5h 29m$149.3M$103.7M75x
ShortPacifica kPEPE0.0000049040.0100get 0.0013% / 1h29m 13s$58K$197K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.041% → +0.036%
−$7.68
Slippage, 4 orders
−$28.13
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$58.81
Costs to cover
0.511%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; Pacifica: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 3 min ago1.02 bp14.1 bp −$1420.0 bp −$20063.2 bp −$6,315doesn't fit
Sell Pacifica live order book, 17 min ago5.06 bp12.8 bp −$1322.6 bp −$226doesn't fitdoesn't fit

PEPE on 35 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEPEUSD−0.0374%1h0.000004906+0.003%$4.5M$16.0M50xas long as short
01 Exchange kPEPEUSD−0.0016%1h0.000004904−0.041%$592$2K10xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004896−0.194%$3K150xas long as short
Lighter 1000PEPE+0.0096%1h0.000004910+0.082%$597K$9.0M10xas long as short
Nado kPEPE-PERP+0.0100%1h0.000004903−0.061%$138K$952K10xas long as short
Hyperliquid kPEPE+0.0100%1h0.0000049060.000%$49.4M$155.3M10xas long as short
Pacifica kPEPEshort+0.0100%1h0.000004904−0.041%$58K$197K10x
Bybit 1000PEPEUSDT+0.0100%8h0.000004907+0.029%$92.6M$445.0M50xas long as short
OKX PEPE-USDT-SWAP+0.0100%8h0.000004909+0.061%$43.6M$717.4M50xas long as short
Gate PEPE_USDTlong+0.0100%8h0.000004906long leg$149.3M$103.7M75x
Show all 35 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PEPEUSDTM+0.0100%8h0.000004909+0.065%$24.2M$76.1M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004908+0.049%$44.0M$233.7M75xas long as short
Backpack kPEPE_USDC_PERP+0.0100%1h0.000004909+0.053%$75K$996K15xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004904−0.034%$637K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004905−0.017%$26K$573K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004907+0.020%$108K$869K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004918+0.241%$1K$2.5M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004909+0.061%$2K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004905−0.016%$579K$4.2M75xas long as short
Phemex u1000PEPEUSDT+0.0100%8h0.000004911+0.102%$2.3M$8.0M50xas long as short
Paradex kPEPE-USD-PERP+0.0108%8h0.000004904−0.033%$5K20xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004899−0.136%$7K15xas long as short
Binance 1000PEPEUSDT+0.0192%8h0.000004907+0.019%$126.2M$1.53B75xas long as short
Extended 1000PEPE-USD+0.0192%1h0.000004906−0.002%$512K$288K25xas long as short
MEXC PEPE_USDT+0.0192%8h0.000004910+0.086%$97.9M$297.7M300xas long as short
Aevo 1000PEPE-PERP+0.0192%1h0.000004904−0.041%$139K3xas long as short
Aster 1000PEPEUSDT+0.0203%8h0.000004906−0.010%$1.7M$12.6M50xas long as short
BingX 1000PEPE-USDC+0.0206%8h0.000004902−0.073%$2.3Mas long as short
BloFin PEPE-USDT+0.0220%8h0.000004910+0.082%$4.2M$28.5M75xas long as short
Injective PEPE/USDC PERP+0.0284%1h0.000004904−0.041%$3K$123K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0309%8h0.000004909+0.063%$32K$30K20xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0361%1h0.000004909+0.061%$60K$119K25xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004903−0.061%$716K$38.5M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0793% / S −0.0894%1h0.000004000−18.467%$50K100xas long as short
dYdX PEPE-USD+0.4302%1h0.000004903−0.054%$25K$18K10xas long as short