Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0946%/8hnext payment −$1.18 per $10,000 · paid last 24h −0.028%

Price spread now: Pacifica against Injective0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.296%−$30 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$28 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.296% in total (about -15.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.18 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	Injective PEPE/USDC PERP	0.000005023	0.1046	pay 0.0131% / 1h	54m 29s	$5K	$68K	12x
Short	Pacifica kPEPE	0.000005023	0.0100	get 0.0013% / 1h	54m 29s	$60K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. 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

Position, each leg$Hold fordaysFee InjectivebpFee PacificabpOrdersPrice spread, now 0.000%Rate

Funding earned: −$198.62
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$206.64
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 34 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 Injective no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 34 min ago	9.15 bp	18.3 bp −$18	29.3 bp −$293	doesn't fit	doesn't fit

Injective: 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
dYdX PEPE-USD	0.0000%	1h	0.000005022	−0.010%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005016	−0.135%	$15K	—	150x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000005023	0.000%	$60K	$105K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004999	−0.476%	$90.3M	$257.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000005006	−0.338%	$44.2M	$489.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005022	−0.020%	$153.2M	$58.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005023	+0.004%	$25.3M	$46.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005007	−0.326%	$729K	$3.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005005	−0.357%	$28K	$330K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005041	+0.362%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005018	−0.100%	$577K	$3.7M	75x	as long as short
Bitget PEPEUSDT	+0.0154%	8h	0.000005007	−0.328%	$47.3M	$136.7M	75x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	0.000005007	−0.322%	$8K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000005036	+0.259%	$4.1M	$21.7M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0300%	8h	0.000005034	+0.229%	$31K	$10K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0301% / S −0.0298%	1h	0.000005000	−0.458%	$45K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000005021	−0.040%	$642K	$25.4M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0484%	8h	0.000005030	+0.133%	$2.5M	$6.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0503%	8h	0.000005019	−0.083%	$6K	$26	20x	as long as short
SoDEX 1000PEPE-USD	+0.0574%	1h	0.000005037	+0.279%	$2K	$9K	10x	as long as short
Nado kPEPE-PERP	+0.0660%	1h	0.000005017	−0.120%	$244K	$822K	10x	as long as short
BingX 1000PEPE-USDT	+0.0769%	8h	0.000005015	−0.153%	—	$250.9M	—	as long as short
Backpack kPEPE_USDC_PERP	+0.0786%	1h	0.000005033	+0.191%	$100K	$574K	15x	as long as short
Extended 1000PEPE-USD	+0.0816%	1h	0.000005018	−0.108%	$552K	$145K	25x	as long as short
MEXC PEPE_USDT	+0.0816%	8h	0.000005025	+0.036%	$117.2M	$265.9M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000005033	+0.199%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0821%	8h	0.000005005	−0.364%	$132.8M	$959.6M	75x	as long as short
Hyperliquid kPEPE	+0.0835%	1h	0.000005028	+0.100%	$57.4M	$61.8M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0899%	1h	0.000005036	+0.260%	$4.1M	$12.1M	50x	as long as short
Aster 1000PEPEUSDT	+0.0920%	8h	0.000005022	−0.022%	$1.5M	$6.5M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0944%	1h	0.000005032	+0.179%	$85K	$87K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0966%	1h	0.000005004	−0.378%	$103K	$758K	25x	as long as short
Lighter 1000PEPE	+0.1008%	1h	0.000005026	+0.060%	$604K	$4.8M	10x	as long as short
01 Exchange kPEPEUSD	+0.1040%	1h	0.000005008	−0.299%	$574	$2K	10x	as long as short
Injective PEPE/USDC PERPlong	+0.1046%	1h	0.000005023	long leg	$5K	$68K	12x