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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0333%/8h= −36.4% APRpaid last 24h −0.009%
Price spread now: Pacifica against OKX−0.114%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$520.523% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.050%+$5 on $10k
Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.114%, 7d avg +0.022%
Together, before fees+0.208%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Pacifica is 0.136% cheaper against OKX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.050%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PEPE-USDT-SWAP0.0000052440.0433pay 0.0433% / 8h3h 23m$50.5M$677.5M50x
ShortPacifica kPEPE0.0000052380.0100get 0.0013% / 1h23m 22s$66K$162K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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
−$69.86
Price spread: −0.114% → +0.022%
−$13.61
Slippage, 4 orders
−$34.29
Fee OKX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$135.76
Costs to cover
0.523%
Break-even
never at this rate
Slippage from OKX: live order book, 6 min ago; Pacifica: live order book, 29 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 OKX live order book, 6 min ago0.95 bp8.4 bp −$813.5 bp −$13550.9 bp −$5,087doesn't fit
Sell Pacifica live order book, 29 min ago7.49 bp20.1 bp −$20doesn't fitdoesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000005232−0.228%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000005232−0.227%$14K150xas long as short
Injective PEPE/USDC PERP+0.0092%1h0.000005327+1.583%$3K$111K12xas long as short
Pacifica kPEPEshort+0.0100%1h0.000005238−0.114%$66K$162K10x
Bybit 1000PEPEUSDT+0.0100%8h0.000005237−0.141%$107.0M$380.9M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005236−0.153%$172.9M$88.6M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005237−0.133%$25.9M$68.5M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005215−0.562%$677K$5.2Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005260+0.303%$29K$533K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005246+0.034%$2K$2.5M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005241−0.067%$588K$3.9M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005237−0.129%$8K15xas long as short
Bitget PEPEUSDT+0.0303%8h0.000005241−0.048%$50.9M$190.6M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0396%8h0.000005244+0.004%$35K$26K20xas long as short
OKX PEPE-USDT-SWAPlong+0.0433%8h0.000005244long leg$50.5M$677.5M50x
Paradex kPEPE-USD-PERP+0.0455%8h0.000005239−0.092%$6K20xas long as short
SoDEX 1000PEPE-USD+0.0503%1h0.000005243−0.019%$2K$10K10xas long as short
BloFin PEPE-USDT+0.0562%8h0.000005240−0.076%$4.9M$28.3M75xas long as short
Phemex u1000PEPEUSDT+0.0644%8h0.000005241−0.048%$2.5M$7.6M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0712%1h0.000005245+0.019%$723K$36.4M50xas long as short
BingX 1000PEPE-USDT+0.0761%8h0.000005242−0.046%$235.6Mas long as short
Aevo 1000PEPE-PERP+0.0800%1h0.000005235−0.172%$148K3xas long as short
MEXC PEPE_USDT+0.0801%8h0.000005238−0.113%$101.0M$295.8M300xas long as short
Binance 1000PEPEUSDT+0.0804%8h0.000005244−0.004%$152.7M$1.33B75xas long as short
Extended 1000PEPE-USD+0.0808%1h0.000005243−0.016%$553K$231K25xas long as short
ApeX Omni 1000PEPEUSDT+0.0843%1h0.000005254+0.191%$161K$808K25xas long as short
Nado kPEPE-PERP+0.0875%1h0.000005236−0.154%$188K$916K10xas long as short
Aster 1000PEPEUSDT+0.0909%8h0.000005238−0.115%$1.8M$10.3M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0962% / S −0.1923%1h0.000005000−4.653%$64K100xas long as short
01 Exchange kPEPEUSD+0.0992%1h0.000005243−0.019%$632$3K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.1087%1h0.000005241−0.057%$75K$126K25xas long as short
Backpack kPEPE_USDC_PERP+0.1161%1h0.000005233−0.202%$68K$724K15xas long as short
Lighter 1000PEPE+0.1232%1h0.000005246+0.038%$634K$8.8M10xas long as short
Kraken Futures PF_PEPEUSD+0.1558%1h0.000005239−0.096%$4.8M$16.4M50xas long as short
Hyperliquid kPEPE+0.1579%1h0.000005243−0.019%$57.0M$145.8M10xas long as short