Funding you earn now, next payment 05:00 UTC+0.0410%/8h= +44.9% APRnext payment +$0.51 per $10,000 · paid last 24h +0.077%
Price spread now: Deribit against Pacifica+0.057%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now +0.057%, 7d avg −0.010%
=Together, before fees+0.094%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Deribit is 0.068% dearer against Pacifica than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.010%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 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 | Pacifica kPEPE | 0.000005261 | 0.0100 | pay 0.0013% / 1h | 27m 19s | $67K | $162K | 10x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005264 | 0.0510 | get 0.0064% / 1h | 27m 19s | $75K | $126K | 25x |
Pacifica kPEPE
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Pacifica. 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
- $86.2
- Price spread: +0.057% → −0.010%
- $6.75
- Slippage, 4 orders
- −$39.81
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $38.13
- Costs to cover
- 0.548%
- Break-even
- 3.9 days
Slippage from Pacifica: live order book, 25 min ago; Deribit: 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 Pacifica live order book, 25 min ago | 7.49 bp | 16.1 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 57 min ago | 5.83 bp | 9.3 bp −$9 | 17.4 bp −$174 | 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 | 0.000005253 | −0.153% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005243 | −0.342% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +1.255% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000005261 | long leg | $67K | $162K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005246 | −0.285% | $106.6M | $378.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005245 | −0.304% | $174.2M | $88.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005257 | −0.086% | $26.2M | $68.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005312 | +0.961% | $747K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005285 | +0.450% | $29K | $532K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005270 | +0.179% | $1K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
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 | 0.000005267 | +0.124% | $598K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005252 | −0.177% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0293% | 8h | 0.000005254 | −0.133% | $51.1M | $190.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0392% | 8h | 0.000005251 | −0.192% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0432% | 8h | 0.000005248 | −0.247% | $51.3M | $675.7M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0436% | 8h | 0.000005259 | −0.041% | $6K | — | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0487% | 1h | 0.000005268 | +0.133% | $2K | $10K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0510% | 1h | 0.000005264 | +0.057% | $75K | $126K | 25x | |
| BloFin PEPE-USDT | +0.0563% | 8h | 0.000005267 | +0.114% | $4.9M | $28.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0624% | 8h | 0.000005269 | +0.144% | $2.5M | $7.5M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005268 | +0.133% | $703K | $36.5M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0761% | 8h | 0.000005253 | −0.152% | — | $235.1M | — | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005258 | −0.050% | $559K | $231K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005249 | −0.228% | $148K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0802% | 8h | 0.000005251 | −0.182% | $102.8M | $295.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0803% | 8h | 0.000005252 | −0.167% | $153.2M | $1.33B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0878% | 1h | 0.000005258 | −0.055% | $189K | $916K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0904% | 1h | 0.000005308 | +0.893% | $163K | $808K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0916% | 8h | 0.000005255 | −0.121% | $1.9M | $10.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0950% / S −0.1894% | 1h | 0.000005000 | −4.961% | $65K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.1016% | 1h | 0.000005260 | −0.019% | $634 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1187% | 1h | 0.000005265 | +0.074% | $69K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1272% | 1h | 0.000005267 | +0.114% | $684K | $8.7M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1551% | 1h | 0.000005265 | +0.084% | $4.8M | $16.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1603% | 1h | 0.000005259 | −0.038% | $57.4M | $145.5M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE