Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0546%/8h= −59.8% APRpaid last 24h −0.036%

Price spread now: Pacifica against MEXC−0.113%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.371%−$37 · spread now −0.113%, 7d avg −0.028%

Together, before fees−0.361%+ Points / potential airdropPacifica: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Pacifica is 0.085% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment. 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	MEXC PEPE_USDT	0.000005030	0.0646	pay 0.0646% / 8h	5h 05m	$94.7M	$290.7M	300x
Short	Pacifica kPEPE	0.000005024	0.0100	get 0.0013% / 1h	5m 32s	$64K	$139K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now −0.113%Rate

Funding earned: −$114.66
Price spread: −0.113% → −0.028%: −$8.54
Slippage, 4 orders: −$29.65
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$160.86
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Pacifica: live order book, 57 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 MEXC live order book, 4 min ago	0.50 bp	1.7 bp −$2	16.4 bp −$164	48.1 bp −$4,814	83.5 bp −$41.7K
Sell Pacifica live order book, 57 min ago	6.84 bp	19.3 bp −$19	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	0.000005019	−0.212%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005007	−0.457%	$15K	—	150x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000005024	−0.113%	$64K	$139K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005027	−0.044%	$97.9M	$341.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005029	−0.014%	$165.2M	$75.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005028	−0.040%	$25.9M	$63.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005009	−0.421%	$672K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005016	−0.264%	$27K	$445K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005022	−0.157%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005017	−0.254%	$571K	$3.6M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0139%	8h	0.000005034	+0.093%	$46.0M	$173.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005033	+0.060%	$8K	—	15x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0319%	8h	0.000005013	−0.336%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0348%	8h	0.000005033	+0.066%	$45.7M	$589.3M	50x	as long as short
BloFin PEPE-USDT	+0.0469%	8h	0.000005018	−0.233%	$4.3M	$25.1M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0490%	1h	0.000005015	−0.292%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0530%	1h	0.000005007	−0.451%	$99K	$750K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0549%	1h	0.000005010	−0.392%	$71K	$124K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005017	−0.253%	$941K	$31.4M	50x	as long as short
BingX 1000PEPE-USDC	+0.0611%	8h	0.000005026	−0.066%	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000005003	−0.531%	$141K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0641% / S −0.1031%	1h	0.000005000	−0.590%	$49K	—	100x	as long as short
MEXC PEPE_USDTlong	+0.0646%	8h	0.000005030	long leg	$94.7M	$290.7M	300x
Extended 1000PEPE-USD	+0.0648%	1h	0.000005033	+0.064%	$533K	$226K	25x	as long as short
Binance 1000PEPEUSDT	+0.0648%	8h	0.000005033	+0.068%	$140.9M	$1.21B	75x	as long as short
Aster 1000PEPEUSDT	+0.0736%	8h	0.000005029	−0.019%	$1.8M	$9.2M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0756%	8h	0.000005017	−0.245%	$2.4M	$7.1M	50x	as long as short
Nado kPEPE-PERP	+0.0771%	1h	0.000005033	+0.061%	$186K	$871K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0785%	8h	0.000005030	+0.011%	$6K	—	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0948%	1h	0.000005022	−0.157%	$93K	$631K	15x	as long as short
01 Exchange kPEPEUSD	+0.0960%	1h	0.000005039	+0.185%	$608	$3K	10x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005011	−0.372%	$4K	$102K	12x	as long as short
Lighter 1000PEPE	+0.1184%	1h	0.000005025	−0.093%	$659K	$8.1M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1387%	1h	0.000005015	−0.295%	$4.3M	$15.3M	50x	as long as short
Hyperliquid kPEPE	+0.1564%	1h	0.000005034	+0.085%	$53.8M	$139.6M	10x	as long as short