Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Gate against Pacifica+0.119%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$580.575% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.119%, 7d avg −0.033%

Together, before fees−0.055%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.152% dearer against Pacifica than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000005042	0.0100	pay 0.0013% / 1h	45m 15s	$64K	$140K	10x
Short	Gate PEPE_USDT	0.000005048	0.0100	get 0.0100% / 8h	4h 45m	$166.6M	$75.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee PacificabpFee GatebpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → −0.033%: $15.22
Slippage, 4 orders: −$34.5
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.28
Costs to cover: 0.575%
Break-even: never at this rate

Slippage from Pacifica: live order book, 12 min ago; Gate: live order book, 4 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, 12 min ago	4.95 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.00 bp	14.4 bp −$14	21.0 bp −$210	59.8 bp −$5,982	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	0.000005032	−0.207%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005042	+0.004%	$14K	—	150x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000005042	long leg	$64K	$140K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005050	+0.157%	$99.0M	$345.6M	50x	as long as short
Gate PEPE_USDTshort	+0.0100%	8h	0.000005048	+0.119%	$166.6M	$75.8M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005049	+0.133%	$26.1M	$63.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005034	−0.167%	$675K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005021	−0.423%	$31K	$452K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005051	+0.180%	$1K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005051	+0.188%	$575K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0164%	8h	0.000005051	+0.184%	$46.2M	$174.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005050	+0.154%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	+0.040%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0332%	8h	0.000005053	+0.228%	$33K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0362%	8h	0.000005055	+0.258%	$45.3M	$596.9M	50x	as long as short
BloFin PEPE-USDT	+0.0480%	8h	0.000005048	+0.119%	$4.4M	$25.3M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0565%	1h	0.000005051	+0.179%	$2K	$12K	10x	as long as short
BingX 1000PEPE-USDC	+0.0635%	8h	0.000005039	−0.065%	—	$2.3M	—	as long as short
Phemex u1000PEPEUSDT	+0.0637%	8h	0.000005052	+0.198%	$2.4M	$7.1M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0663%	1h	0.000005021	−0.417%	$100K	$742K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0665% / S −0.0915%	1h	0.000005000	−0.833%	$45K	—	100x	as long as short
MEXC PEPE_USDT	+0.0671%	8h	0.000005050	+0.167%	$92.6M	$287.1M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0672%	1h	0.000005050	+0.159%	$143K	—	3x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005046	+0.079%	$970K	$31.8M	50x	as long as short
Binance 1000PEPEUSDT	+0.0676%	8h	0.000005055	+0.254%	$142.4M	$1.22B	75x	as long as short
Extended 1000PEPE-USD	+0.0680%	1h	0.000005049	+0.138%	$532K	$226K	25x	as long as short
Aster 1000PEPEUSDT	+0.0764%	8h	0.000005052	+0.204%	$1.8M	$9.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0789%	8h	0.000005041	−0.027%	$6K	—	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0801%	1h	0.000005038	−0.069%	$98K	$644K	15x	as long as short
Nado kPEPE-PERP	+0.0815%	1h	0.000005050	+0.167%	$191K	$877K	10x	as long as short
01 Exchange kPEPEUSD	+0.0920%	1h	0.000005059	+0.337%	$610	$3K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0940%	1h	0.000005050	+0.159%	$71K	$124K	25x	as long as short
Lighter 1000PEPE	+0.0952%	1h	0.000005053	+0.218%	$578K	$8.2M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1290%	1h	0.000005048	+0.122%	$4.4M	$15.4M	50x	as long as short
Hyperliquid kPEPE	+0.1427%	1h	0.000005055	+0.258%	$54.1M	$140.1M	10x	as long as short