PEPE

Alert

Funding spread now, next payment 17:00 UTC+0.2290%/8h

next payment, per $10,000+$2.86paid, last 24h−0.018%paid, last 5 days+0.004%to open and closeno order book

Long on Pacifica Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.004% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.86 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	0.000004942	0.0100	pay 0.0013% / 1h	46m 20s	$60K	$73K	10x
Short	Kraken Futures PF_PEPEUSD	0.000004923	0.2390	get 0.0299% / 1h	46m 20s	$3.4M	$10.2M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee Kraken FuturesbpOrdersRate

Funding earned: $480.85
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $462.85
Break-even: 0.3 days

Slippage unknown: Pacifica: no order-book sample; Kraken Futures: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.383%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	12.91 bp	17.9 bp −$18	26.8 bp −$268	88.7 bp −$8,871	doesn't fit

Pacifica: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	$17K	—	150x	as long as short
BingX 1000PEPE-USDT	+0.0080%	8h	—	$204.7M	—	as long as short
Pacifica kPEPElong	+0.0100%	1h	$60K	$73K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	$88.0M	$214.9M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	$42.3M	$419.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	$138.2M	$48.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	$21.3M	$35.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	$39.7M	$103.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	$932K	$2.6M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	$28K	$344K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	$92K	$752K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0100%	8h	$30K	$8K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	$2K	$2.3M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	$634K	$3.3M	75x	as long as short
Injective PEPE/USDC PERP	+0.0123%	1h	$40K	$58K	12x	as long as short
MEXC PEPE_USDT	+0.0183%	8h	$109.4M	$253.0M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0184%	1h	$136K	—	3x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0186% / S −0.0054%	1h	$56K	—	100x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	$7K	—	15x	as long as short
Extended 1000PEPE-USD	+0.0192%	1h	$525K	$237K	25x	as long as short
Binance 1000PEPEUSDT	+0.0193%	8h	$129.5M	$792.7M	75x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	$4.1M	$18.2M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0359%	1h	$80K	$95K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0440%	1h	$650K	$19.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0469%	8h	$6K	$52	20x	as long as short
Nado kPEPE-PERP	+0.0554%	1h	$232K	$712K	10x	as long as short
Aster 1000PEPEUSDT	+0.0736%	8h	$1.3M	$4.8M	50x	as long as short
Hyperliquid kPEPE	+0.0820%	1h	$57.0M	$52.3M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0881%	1h	$107K	$456K	15x	as long as short
SoDEX 1000PEPE-USD	+0.0904%	1h	$1K	$8K	10x	as long as short
01 Exchange kPEPEUSD	+0.1040%	1h	$566	$1K	10x	as long as short
Lighter 1000PEPE	+0.1144%	1h	$616K	$4.5M	10x	as long as short
Kraken Futures PF_PEPEUSDshort	+0.2390%	1h	$3.4M	$10.2M	50x
Phemex u1000PEPEUSDT	+0.2864%	8h	$2.5M	$5.9M	50x	as long as short