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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Pacifica against edgeX+0.052%52s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$470.471% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.270%−$27 · spread now +0.052%, 7d avg +0.018%
Together, before fees−0.282%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$28 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.034% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX 1000PEPEUSDC0.0000049940.0100pay 0.0050% / 4h3h 01m$27K$568K20x
ShortPacifica kPEPE0.0000049970.0100get 0.0013% / 1h1m 51s$57K$197K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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
$0
Price spread: +0.052% → +0.018%
$3.41
Slippage, 4 orders
−$30.11
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$43.7
Costs to cover
0.471%
Break-even
never at this rate
Slippage from edgeX: live order book, 32 min ago; Pacifica: live order book, 31 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 edgeX live order book, 32 min ago1.28 bp6.1 bp −$6102.7 bp −$1,027doesn't fitdoesn't fit
Sell Pacifica live order book, 31 min ago9.93 bp15.1 bp −$15doesn'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
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004988−0.134%$3K150xas long as short
Pacifica kPEPEshort+0.0100%1h0.000004997+0.052%$57K$197K10x
Bybit 1000PEPEUSDT+0.0100%8h0.000005003+0.172%$96.5M$447.2M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004999+0.092%$159.4M$103.5M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005002+0.146%$652K$5.4Mas long as short
edgeX 1000PEPEUSDClong+0.0100%4h0.000004994long leg$27K$568K20x
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004990−0.088%$145K$846K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004999+0.088%$1K$2.7M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004989−0.108%$2K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004990−0.088%$583K$4.2M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PEPEUSDTM+0.0136%8h0.000004997+0.042%$25.6M$75.9M75xas long as short
Bitget PEPEUSDT+0.0137%8h0.000005003+0.166%$44.5M$225.8M75xas long as short
Injective PEPE/USDC PERP+0.0147%1h0.000005001+0.132%$6K$121K12xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0151%1h0.000004988−0.128%$57K$139K25xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004987−0.143%$8K15xas long as short
Lighter 1000PEPE+0.0264%1h0.000004990−0.088%$590K$9.1M10xas long as short
OKX PEPE-USDT-SWAP+0.0281%8h0.000005004+0.192%$45.7M$743.0M50xas long as short
Hyperliquid kPEPE+0.0285%1h0.000004994−0.008%$51.5M$161.6M10xas long as short
Paradex kPEPE-USD-PERP+0.0293%8h0.000004993−0.029%$6K20xas long as short
Phemex u1000PEPEUSDT+0.0294%8h0.000004991−0.064%$2.3M$8.0M50xas long as short
Backpack kPEPE_USDC_PERP+0.0329%1h0.000004992−0.058%$66K$959K15xas long as short
BloFin PEPE-USDT+0.0407%8h0.000004993−0.028%$4.4M$30.0M75xas long as short
01 Exchange kPEPEUSD+0.0424%1h0.000004988−0.128%$602$2K10xas long as short
Orderly PERP_1000PEPE_USDC+0.0433%8h0.000004991−0.076%$32K$31K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0504%1h0.000004991−0.068%$664K$39.3M50xas long as short
BingX 1000PEPE-USDT+0.0563%8h0.000005005+0.204%$179.7Mas long as short
Nado kPEPE-PERP+0.0564%1h0.000004988−0.138%$152K$950K10xas long as short
Extended 1000PEPE-USD+0.0568%1h0.000005002+0.161%$525K$286K25xas long as short
Binance 1000PEPEUSDT+0.0570%8h0.000005006+0.229%$132.1M$1.55B75xas long as short
MEXC PEPE_USDT+0.0574%8h0.000005010+0.302%$99.3M$313.7M300xas long as short
Aevo 1000PEPE-PERP+0.0576%1h0.000004989−0.108%$141K3xas long as short
Aster 1000PEPEUSDT+0.0593%8h0.000005006+0.224%$1.8M$12.3M50xas long as short
Kraken Futures PF_PEPEUSD+0.0636%1h0.000004987−0.154%$4.6M$17.1M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0925% / S −0.1034%1h0.000004000−19.910%$50K100xas long as short
dYdX PEPE-USD+0.4927%1h0.000004993−0.024%$25K$12K10xas long as short