Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: KuCoin against Pacifica−0.062%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.062%, 7d avg −0.023%

Together, before fees+0.037%+ Points / potential airdropPacifica: Active · farm board+$4 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: KuCoin is 0.039% cheaper against Pacifica than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kPEPE	0.000005158	0.0100	pay 0.0013% / 1h	47m 03s	$60K	$180K	10x
Short	KuCoin PEPEUSDTM	0.000005155	0.0100	get 0.0100% / 8h	1h 47m	$25.9M	$72.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.023%: −$3.94
Slippage, 4 orders: −$30.31
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$54.25
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Pacifica: live order book, 61 min ago; KuCoin: live order book, 2 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, 61 min ago	4.97 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.45 bp	15.6 bp −$16	27.0 bp −$270	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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005164	+0.116%	$10K	$119K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005149	−0.182%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005150	−0.155%	$4K	—	150x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000005158	long leg	$60K	$180K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005148	−0.194%	$101.5M	$415.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005152	−0.116%	$163.9M	$96.1M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000005155	−0.062%	$25.9M	$72.0M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005155	−0.065%	$615K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005149	−0.175%	$28K	$542K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005162	+0.076%	$2K	$2.6M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005154	−0.072%	$594K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0117%	1h	0.000005156	−0.039%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005154	−0.082%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0302%	8h	0.000005147	−0.211%	$46.1M	$214.3M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0315%	1h	0.000005149	−0.174%	$156K	$820K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0381%	8h	0.000005154	−0.081%	$34K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0417%	8h	0.000005151	−0.136%	$48.4M	$724.0M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0430%	1h	0.000005153	−0.101%	$73K	$849K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.0453%	1h	0.000005154	−0.078%	$4.7M	$16.8M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0511%	8h	0.000005150	−0.156%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0527%	1h	0.000005153	−0.097%	$73K	$127K	25x	as long as short
BloFin PEPE-USDT	+0.0544%	8h	0.000005158	0.000%	$4.6M	$29.6M	75x	as long as short
Lighter 1000PEPE	+0.0560%	1h	0.000005159	+0.019%	$620K	$9.0M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0575%	8h	0.000005159	+0.023%	$2.4M	$8.0M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005163	+0.097%	$679K	$38.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.0648%	1h	0.000005157	−0.019%	$622	$3K	10x	as long as short
Nado kPEPE-PERP	+0.0730%	1h	0.000005150	−0.161%	$163K	$956K	10x	as long as short
BingX 1000PEPE-USDT	+0.0743%	8h	0.000005154	−0.083%	—	$217.5M	—	as long as short
MEXC PEPE_USDT	+0.0774%	8h	0.000005155	−0.052%	$98.8M	$302.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0774%	8h	0.000005152	−0.122%	$142.2M	$1.45B	75x	as long as short
Extended 1000PEPE-USD	+0.0776%	1h	0.000005151	−0.138%	$547K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0776%	1h	0.000005158	0.000%	$146K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0789%	8h	0.000005155	−0.066%	$1.8M	$11.6M	50x	as long as short
Hyperliquid kPEPE	+0.0965%	1h	0.000005159	+0.019%	$55.2M	$154.6M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1133% / S −0.2351%	1h	0.000005000	−3.063%	$63K	—	100x	as long as short