Funding you earn now, next payment 04:00 UTC+0.0612%/8h= +67.0% APRnext payment +$0.77 per $10,000 · paid last 24h +0.073%
Price spread now: Coinbase International against Pacifica+0.057%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$580.583% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.057%, 7d avg +0.002%
=Together, before fees−0.082%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Coinbase International is 0.055% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.002%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 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 | 0.000005285 | 0.0100 | pay 0.0013% / 1h | 28m 54s | $67K | $162K | 10x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005288 | 0.0712 | get 0.0089% / 1h | 28m 54s | $706K | $36.6M | 50x |
Pacifica kPEPE
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $128.52
- Price spread: +0.057% → +0.002%
- $5.47
- Slippage, 4 orders
- −$40.31
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $75.68
- Costs to cover
- 0.583%
- Break-even
- 2.9 days
Slippage from Pacifica: live order book, 24 min ago; Coinbase International: live order book, 5 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, 24 min ago | 7.49 bp | 16.1 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 4.72 bp | 12.4 bp −$12 | 19.0 bp −$190 | 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 | 0.000005280 | −0.096% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005270 | −0.274% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +0.795% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000005285 | long leg | $67K | $162K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005269 | −0.305% | $107.0M | $378.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005265 | −0.378% | $174.7M | $87.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005269 | −0.310% | $26.3M | $68.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005312 | +0.503% | $747K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005299 | +0.269% | $29K | $535K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005282 | −0.061% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005287 | +0.042% | $600K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005285 | −0.005% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0289% | 8h | 0.000005270 | −0.278% | $51.2M | $190.0M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0320% | 1h | 0.000005268 | −0.322% | $75K | $126K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0389% | 8h | 0.000005267 | −0.341% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0435% | 8h | 0.000005272 | −0.246% | $51.5M | $678.2M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0479% | 1h | 0.000005271 | −0.265% | $2K | $10K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0563% | 8h | 0.000005267 | −0.341% | $4.9M | $28.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0624% | 8h | 0.000005269 | −0.303% | $2.5M | $7.5M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0712% | 1h | 0.000005288 | +0.057% | $706K | $36.6M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0755% | 8h | 0.000005279 | −0.114% | $6K | — | 20x | as long as short |
| BingX 1000PEPE-USDC | +0.0763% | 8h | 0.000005263 | −0.414% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005273 | −0.222% | $559K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005258 | −0.511% | $149K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0801% | 8h | 0.000005276 | −0.167% | $103.4M | $295.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0802% | 8h | 0.000005271 | −0.267% | $153.7M | $1.33B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0875% | 1h | 0.000005282 | −0.054% | $190K | $916K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0904% | 1h | 0.000005308 | +0.435% | $163K | $808K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0919% | 8h | 0.000005273 | −0.223% | $1.9M | $10.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0945% / S −0.1879% | 1h | 0.000005000 | −5.393% | $65K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.1016% | 1h | 0.000005285 | 0.000% | $637 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1199% | 1h | 0.000005269 | −0.307% | $69K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1256% | 1h | 0.000005274 | −0.208% | $698K | $8.7M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1550% | 1h | 0.000005266 | −0.356% | $4.8M | $16.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1624% | 1h | 0.000005277 | −0.151% | $57.7M | $145.3M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE