Funding you earn now, next payment 05:00 UTC−0.0580%/8h= −63.5% APRnext payment −$0.72 per $10,000 · paid last 24h −0.080%
Price spread now: Pacifica against Coinbase International+0.502%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)−0.493%−$49 · spread now +0.502%, 7d avg −0.002%
=Together, before fees−0.485%+ Points / potential airdropPacifica: Active · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.504% dearer against Coinbase International than usual: you sell high and buy low (spread +0.502% now, against its 7-day average of −0.002%): +$50 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.72 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000004980 | 0.0680 | pay 0.0085% / 1h | 52m 32s | $626K | $36.2M | 50x |
| Short | Pacifica kPEPE | 0.000005005 | 0.0100 | get 0.0013% / 1h | 52m 32s | $63K | $165K | 10x |
Coinbase International 1000PEPE-PERP-INTX
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Coinbase International. 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
- −$121.8
- Price spread: +0.502% → −0.002%
- $50.41
- Slippage, 4 orders
- −$38.7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$128.1
- Costs to cover
- 0.567%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Pacifica: live order book, 60 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 Coinbase International live order book, 2 min ago | 3.01 bp | 12.5 bp −$13 | 19.7 bp −$197 | 94.4 bp −$9,443 | doesn't fit |
| Sell Pacifica live order book, 60 min ago | 7.49 bp | 20.1 bp −$20 | 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 | 0.000005001 | +0.413% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004972 | −0.163% | $3K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005005 | +0.502% | $63K | $165K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005007 | +0.542% | $98.3M | $398.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005001 | +0.422% | $160.9M | $92.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005002 | +0.442% | $24.9M | $70.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004979 | −0.028% | $597K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004977 | −0.051% | $27K | $536K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004990 | +0.199% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004986 | +0.120% | $556K | $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 | 0.000004975 | −0.098% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0344% | 8h | 0.000005007 | +0.544% | $44.7M | $206.5M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0357% | 1h | 0.000004982 | +0.040% | $2K | $10K | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0409% | 8h | 0.000005015 | +0.703% | $46.0M | $676.3M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0416% | 8h | 0.000004981 | +0.030% | $33K | $27K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0531% | 8h | 0.000004989 | +0.181% | $4.7M | $27.6M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0544% | 8h | 0.000005010 | +0.602% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0553% | 1h | 0.000004986 | +0.127% | $73K | $825K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0554% | 1h | 0.000004979 | −0.020% | $71K | $127K | 25x | as long as short |
| Lighter 1000PEPE | +0.0576% | 1h | 0.000005011 | +0.622% | $604K | $9.0M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000005016 | +0.723% | $605 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0680% | 1h | 0.000004980 | long leg | $626K | $36.2M | 50x | |
| Phemex u1000PEPEUSDT | +0.0705% | 8h | 0.000004991 | +0.229% | $2.4M | $7.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0779% | 8h | 0.000005010 | +0.598% | — | $238.1M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004981 | +0.020% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0806% | 8h | 0.000005005 | +0.506% | $96.9M | $298.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0807% | 8h | 0.000005010 | +0.598% | $141.9M | $1.39B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005010 | +0.604% | $530K | $262K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0857% | 1h | 0.000004983 | +0.066% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0876% | 8h | 0.000005006 | +0.526% | $1.7M | $10.9M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0897% | 1h | 0.000005014 | +0.693% | $167K | $939K | 10x | as long as short |
| Hyperliquid kPEPE | +0.1003% | 1h | 0.000005004 | +0.482% | $52.9M | $150.2M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1043% / S −0.1475% | 1h | 0.000004000 | −19.679% | $69K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005327 | +6.968% | $3K | $111K | 12x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.2033% | 1h | 0.000004976 | −0.080% | $153K | $812K | 25x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
01 Exchange kPEPEUSD
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP
ApeX Omni 1000PEPEUSDT