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

PEPE

all PEPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0371%/8h= +40.6% APRnext payment +$0.46 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against Pacifica−0.686%51s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$520.520% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 3 days (all we have)+0.790%+$79 · spread now −0.686%, 7d avg −0.031%
Together, before fees+0.784%+ Points / potential airdropPacifica: Active · farm board+$78 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.654% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.686% now, against its 7-day average of −0.031%). If the spread goes back, that is −$65 on $10k: about 5.9 days of funding at the current rate (+$11 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica kPEPE0.0000048120.0100pay 0.0013% / 1h14m 06s$60K$114K10x
ShortApeX Omni 1000PEPEUSDT0.0000047790.0471get 0.0059% / 1h14m 06s$102K$763K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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
$77.83
Price spread: −0.686% → −0.031%
−$65.43
Slippage, 4 orders
−$33.99
Fee Pacifica: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$39.59
Costs to cover
0.520%
Break-even
10.6 days
Slippage from Pacifica: live order book, 3 min ago; ApeX Omni: live order book, 5 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 Pacifica live order book, 3 min ago5.23 bp11.2 bp −$1119.3 bp −$193doesn't fitdoesn't fit
Sell ApeX Omni live order book, 5 min ago5.11 bp13.0 bp −$1370.9 bp −$709doesn'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
dYdX PEPE-USD0.0000%1h0.000004806−0.121%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004796−0.341%$14K150xas long as short
Lighter 1000PEPE+0.0096%1h0.000004802−0.208%$656K$6.0M10xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004799−0.270%$62.4M$82.4M10xas long as short
Pacifica kPEPElong+0.0100%1h0.000004812long leg$60K$114K10x
Bybit 1000PEPEUSDT+0.0100%8h0.000004801−0.229%$87.1M$282.7M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004799−0.270%$150.0M$63.3M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004802−0.214%$24.8M$53.9M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004782−0.625%$541K$4.0Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004784−0.577%$27K$345K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX 1000PEPE-USDT+0.0100%8h0.000004807−0.102%$2K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004803−0.187%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004810−0.039%$542K$3.5M75xas long as short
Bitget PEPEUSDT+0.0119%8h0.000004802−0.206%$42.2M$148.8M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004801−0.227%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0216%8h0.000004804−0.166%$41.6M$492.1M50xas long as short
Paradex kPEPE-USD-PERP+0.0286%8h0.000004808−0.075%$5K$1620xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0323% / S −0.0346%1h0.000004000−16.874%$43K100xas long as short
BloFin PEPE-USDT+0.0337%8h0.0000048120.000%$3.9M$22.2M75xas long as short
Phemex u1000PEPEUSDT+0.0347%8h0.000004802−0.212%$2.3M$6.4M50xas long as short
01 Exchange kPEPEUSD+0.0416%1h0.000004810−0.042%$551$2K10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0448%1h0.000004804−0.166%$588K$25.5M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0451%8h0.000004800−0.247%$29K$11K20xas long as short
ApeX Omni 1000PEPEUSDTshort+0.0471%1h0.000004779−0.686%$102K$763K25x
Backpack kPEPE_USDC_PERP+0.0558%1h0.000004802−0.210%$93K$614K15xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0584%1h0.000004799−0.270%$81K$94K25xas long as short
BingX 1000PEPE-USDT+0.0742%8h0.000004802−0.202%$256.4Mas long as short
Nado kPEPE-PERP+0.0749%1h0.000004806−0.123%$185K$845K10xas long as short
Binance 1000PEPEUSDT+0.0764%8h0.000004803−0.188%$130.4M$1.04B75xas long as short
MEXC PEPE_USDT+0.0765%8h0.000004802−0.204%$91.5M$285.7M300xas long as short
Extended 1000PEPE-USD+0.0768%1h0.000004802−0.205%$529K$148K25xas long as short
Aevo 1000PEPE-PERP+0.0768%1h0.000004804−0.166%$136K3xas long as short
Aster 1000PEPEUSDT+0.0782%8h0.000004804−0.175%$1.5M$7.1M50xas long as short
Injective PEPE/USDC PERP+0.0873%1h0.000004785−0.561%$4K$103K12xas long as short
Kraken Futures PF_PEPEUSD+0.1328%1h0.000004802−0.204%$3.9M$13.3M50xas long as short