Funding you earn now, next payment 12:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.056%
Price spread now: Pacifica against Orderly−0.038%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Pacifica is 0.038% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000PEPE_USDC | 0.000004951 | 0.0197 | pay 0.0197% / 8h | 4h 08m | $31K | $30K | 20x |
| Short | Pacifica kPEPE | 0.000004949 | 0.0100 | get 0.0013% / 1h | 8m 29s | $59K | $198K | 10x |
Orderly PERP_1000PEPE_USDC
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Orderly. 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
- −$20.4
- Price spread: −0.038% → 0.000%
- −$3.84
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$38.23
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Pacifica: live order book, 33 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Pacifica live order book, 33 min ago | 8.05 bp | 14.6 bp −$15 | 22.7 bp −$227 | doesn't fit | doesn't fit |
Orderly: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0232% | 1h | 0.000004951 | +0.006% | $4.5M | $16.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000004954 | +0.063% | $61K | $119K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000004944 | −0.133% | $4K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004952 | +0.022% | $637K | $9.1M | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0096% | 1h | 0.000004956 | +0.103% | $140K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004958 | +0.152% | $140K | $913K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004947 | −0.079% | $50.6M | $156.3M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0100% | 8h | 0.000004949 | −0.040% | $1.7M | $12.7M | 50x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000004949 | −0.038% | $59K | $198K | 10x | |
| Binance 1000PEPEUSDT | +0.0100% | 8h | 0.000004949 | −0.048% | $127.8M | $1.54B | 75x | as long as short |
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Hyperliquid kPEPE
Aster 1000PEPEUSDT
Binance 1000PEPEUSDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004945 | −0.119% | $92.7M | $446.8M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004947 | −0.079% | $44.9M | $722.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004944 | −0.139% | $149.2M | $104.5M | 75x | as long as short |
| MEXC PEPE_USDT | +0.0100% | 8h | 0.000004949 | −0.030% | $100.5M | $293.6M | 300x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004948 | −0.063% | $24.7M | $76.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004947 | −0.079% | $43.5M | $235.9M | 75x | as long as short |
| BingX 1000PEPE-USDC | +0.0100% | 8h | 0.000004953 | +0.032% | — | $2.3M | — | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004952 | +0.022% | $74K | $1.0M | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004954 | +0.065% | $680K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004969 | +0.372% | $26K | $575K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004959 | +0.164% | $109K | $873K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004973 | +0.444% | $1K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004952 | +0.022% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004954 | +0.067% | $581K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004960 | +0.178% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0103% | 8h | 0.000004946 | −0.107% | $15K | $5K | 20x | as long as short |
| Extended 1000PEPE-USD | +0.0104% | 1h | 0.000004944 | −0.141% | $520K | $288K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0128% | 1h | 0.000004948 | −0.059% | $597 | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0176% | 1h | 0.000004904 | −0.947% | $3K | $123K | 12x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004946 | −0.100% | $7K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDClong | +0.0197% | 8h | 0.000004951 | long leg | $31K | $30K | 20x | |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004954 | +0.063% | $4.3M | $28.0M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0320% | 1h | 0.000004961 | +0.204% | $707K | $38.8M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0704% / S −0.0635% | 1h | 0.000004000 | −19.207% | $55K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.5099% | 1h | 0.000004945 | −0.126% | $25K | $18K | 10x | as long as short |
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Gate PEPE_USDT
MEXC PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
BingX 1000PEPE-USDC
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Extended 1000PEPE-USD
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD