Funding you earn now, next payment 22:00 UTC+0.0894%/8h= +97.9% APRnext payment +$1.12 per $10,000 · paid last 24h +0.004%
Price spread now: Deribit against Pacifica−0.021%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Deribit is 0.021% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$27 a day). Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.12 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 | 0.000004830 | 0.0100 | pay 0.0013% / 1h | 10m 05s | $60K | $113K | 10x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004829 | 0.0994 | get 0.0124% / 1h | 10m 05s | $82K | $94K | 25x |
Pacifica kPEPE
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $187.75
- Price spread: −0.021% → 0.000%
- −$2.07
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $170.68
- Costs to cover
- 0.150%
- Break-even
- 0.6 days
Slippage unknown: Pacifica: live order book, 12 min ago; Deribit: no order-book sample. 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 Pacifica live order book, 12 min ago | 5.16 bp | 13.8 bp −$14 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 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 | 0.000004826 | −0.088% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004825 | −0.093% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004832 | +0.041% | $58.5M | $72.5M | 10x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000004830 | long leg | $60K | $113K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004829 | −0.031% | $87.8M | $275.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004826 | −0.083% | $150.8M | $62.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004825 | −0.095% | $25.0M | $53.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004820 | −0.199% | $577K | $3.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004818 | −0.251% | $27K | $342K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004834 | +0.075% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
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 | 0.000004830 | +0.008% | $556K | $3.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0175% | 8h | 0.000004830 | 0.000% | $41.6M | $487.4M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0183% | 8h | 0.000004832 | +0.048% | $42.6M | $150.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004836 | +0.116% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0287% | 8h | 0.000004831 | +0.021% | $3.9M | $21.9M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −17.184% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0416% | 8h | 0.000004831 | +0.021% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004836 | +0.124% | $582K | $25.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0491% | 8h | 0.000004829 | −0.019% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0525% | 8h | 0.000004829 | −0.016% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004814 | −0.331% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0715% | 1h | 0.000004833 | +0.066% | $93K | $624K | 15x | as long as short |
| Lighter 1000PEPE | +0.0720% | 1h | 0.000004834 | +0.083% | $602K | $5.3M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0731% | 1h | 0.000004836 | +0.121% | $189K | $848K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0758% | 1h | 0.000004829 | −0.025% | $3.9M | $13.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0765% | 1h | 0.000004818 | −0.248% | $102K | $761K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0782% | 1h | 0.000004827 | −0.062% | $2K | $9K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0820% | 8h | 0.000004829 | −0.029% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0865% | 8h | 0.000004834 | +0.077% | $91.8M | $292.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0870% | 8h | 0.000004832 | +0.037% | $128.7M | $1.02B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0872% | 1h | 0.000004830 | −0.008% | $529K | $147K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0872% | 1h | 0.000004829 | −0.021% | $137K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0902% | 8h | 0.000004830 | +0.010% | $1.5M | $6.9M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0994% | 1h | 0.000004829 | −0.021% | $82K | $94K | 25x | |
| 01 Exchange kPEPEUSD | +0.1208% | 1h | 0.000004840 | +0.207% | $554 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD