Funding you earn now, next payment 06:00 UTC+0.0566%/8h= +62.0% APRnext payment +$0.71 per $10,000 · paid last 24h +0.143%
Price spread now: Backpack against Pacifica+0.108%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as 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)−0.056%−$6 · spread now +0.108%, 7d avg −0.027%
=Together, before fees+0.150%+ Points / potential airdropPacifica: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Backpack is 0.135% dearer against Pacifica than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.027%.
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 +$0.71 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 | Pacifica kPEPE | 0.000005086 | 0.0100 | pay 0.0013% / 1h | 19m 00s | $58K | $178K | 10x |
| Short | Backpack kPEPE_USDC_PERP | 0.000005091 | 0.0666 | get 0.0083% / 1h | 19m 00s | $74K | $835K | 15x |
Pacifica kPEPE
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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
- $118.87
- Price spread: +0.108% → −0.027%
- $13.49
- Slippage, 4 orders
- −$16.76
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $97.6
- Costs to cover
- 0.348%
- Break-even
- 1.3 days
Slippage from Pacifica: live order book, 29 min ago; Backpack: live order book, 30 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 Pacifica live order book, 29 min ago | 4.97 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 30 min ago | 0.10 bp | 5.2 bp −$5 | 24.3 bp −$243 | 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 | 0.000005079 | −0.146% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005086 | 0.000% | $3K | — | 150x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000005086 | long leg | $58K | $178K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005092 | +0.118% | $100.0M | $406.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005087 | +0.020% | $162.7M | $94.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005093 | +0.142% | $25.4M | $71.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005062 | −0.479% | $602K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005066 | −0.399% | $28K | $539K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005096 | +0.204% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005098 | +0.232% | $571K | $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 | 0.000005093 | +0.146% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0251% | 1h | 0.000005091 | +0.098% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0334% | 8h | 0.000005092 | +0.112% | $45.5M | $211.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0394% | 8h | 0.000005092 | +0.116% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0424% | 8h | 0.000005095 | +0.177% | $47.0M | $700.5M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0546% | 8h | 0.000005093 | +0.138% | $4.4M | $28.6M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0568% | 8h | 0.000005091 | +0.102% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0613% | 8h | 0.000005086 | +0.008% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.0666% | 1h | 0.000005091 | +0.108% | $74K | $835K | 15x | |
| Nado kPEPE-PERP | +0.0671% | 1h | 0.000005095 | +0.187% | $168K | $944K | 10x | as long as short |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005094 | +0.157% | $603K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005095 | +0.177% | $656K | $37.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005085 | −0.020% | $613 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0717% | 1h | 0.000005024 | −1.219% | $154K | $813K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0733% | 1h | 0.000005092 | +0.118% | $73K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0753% | 8h | 0.000005091 | +0.102% | — | $239.4M | — | as long as short |
| MEXC PEPE_USDT | +0.0796% | 8h | 0.000005092 | +0.110% | $98.2M | $302.9M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005092 | +0.109% | $539K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005092 | +0.118% | $144K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0801% | 8h | 0.000005091 | +0.097% | $142.7M | $1.42B | 75x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0839% | 1h | 0.000005089 | +0.053% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0844% | 8h | 0.000005092 | +0.108% | $1.8M | $11.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1004% | 1h | 0.000005098 | +0.236% | $54.0M | $152.9M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2171% | 1h | 0.000005000 | −1.691% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005027 | −1.160% | $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
Nado kPEPE-PERP
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP