Funding you earn now, next payment 06:00 UTC−0.0549%/8h= −60.1% APRnext payment −$0.69 per $10,000 · paid last 24h −0.143%
Price spread now: Pacifica against Backpack+0.324%7-day average +0.027% · 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−$5as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 4 days (all we have)−0.375%−$38 · spread now +0.324%, 7d avg +0.027%
=Together, before fees−0.582%+ Points / potential airdropPacifica: Active · farm board−$58 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.297% dearer against Backpack than usual: you sell high and buy low (spread +0.324% now, against its 7-day average of +0.027%): +$30 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.207% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.69 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 | Backpack kPEPE_USDC_PERP | 0.000005066 | 0.0649 | pay 0.0081% / 1h | 20m 15s | $74K | $833K | 15x |
| Short | Pacifica kPEPE | 0.000005082 | 0.0100 | get 0.0013% / 1h | 20m 15s | $58K | $177K | 10x |
Backpack kPEPE_USDC_PERP
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Backpack. 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
- −$115.3
- Price spread: +0.324% → +0.027%
- $29.7
- Slippage, 4 orders
- −$16.76
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$120.36
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 29 min ago; Pacifica: live order book, 27 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 Backpack live order book, 29 min ago | 0.10 bp | 6.2 bp −$6 | 25.3 bp −$253 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 27 min ago | 4.97 bp | 12.5 bp −$13 | 21.8 bp −$218 | 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 | 0.000005075 | +0.187% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005078 | +0.249% | $3K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005082 | +0.324% | $58K | $177K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005086 | +0.403% | $99.7M | $406.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005075 | +0.186% | $162.3M | $94.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005085 | +0.375% | $25.3M | $71.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005062 | −0.079% | $602K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005026 | −0.773% | $28K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005089 | +0.458% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005083 | +0.349% | $569K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005084 | +0.359% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0254% | 1h | 0.000005083 | +0.343% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0333% | 8h | 0.000005083 | +0.345% | $45.4M | $210.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0395% | 8h | 0.000005083 | +0.340% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0423% | 8h | 0.000005092 | +0.521% | $46.7M | $699.2M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0546% | 8h | 0.000005063 | −0.051% | $4.4M | $28.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0567% | 8h | 0.000005080 | +0.294% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0623% | 8h | 0.000005080 | +0.284% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0649% | 1h | 0.000005066 | long leg | $74K | $833K | 15x | |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005085 | +0.383% | $602K | $9.1M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0674% | 1h | 0.000005082 | +0.325% | $168K | $944K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005084 | +0.363% | $613 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005089 | +0.462% | $647K | $37.4M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0717% | 1h | 0.000005024 | −0.821% | $154K | $813K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0751% | 8h | 0.000005079 | +0.268% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0792% | 8h | 0.000005088 | +0.444% | $98.0M | $302.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0796% | 8h | 0.000005088 | +0.443% | $142.6M | $1.41B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005082 | +0.321% | $536K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005079 | +0.265% | $144K | — | 3x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0841% | 1h | 0.000005079 | +0.264% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0844% | 8h | 0.000005085 | +0.383% | $1.8M | $11.2M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0932% | 1h | 0.000005083 | +0.343% | $73K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1000% | 1h | 0.000005085 | +0.383% | $53.9M | $152.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2171% | 1h | 0.000005000 | −1.295% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005027 | −0.762% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP