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Funding arb · Price arb /

PEPE

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.0389%/8h= −42.6% APRpaid last 24h −0.003%
Price spread now: Pacifica against Phemex+0.198%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$790.792% of the position
Long on PhemexShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.093%+$9 on $10k
Price spread, last 3 days (all we have)−0.218%−$22 · spread now +0.198%, 7d avg −0.033%
Together, before fees−0.124%+ Points / potential airdropPacifica: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.230% dearer against Phemex than usual: you sell high and buy low (spread +0.198% now, against its 7-day average of −0.033%): +$23 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 47 hours. Mind the row above: over the last 7 days funding on this pair paid +0.093%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% in total (about 4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex u1000PEPEUSDT0.0000051090.0489pay 0.0489% / 8h5h 58m$2.4M$7.0M50x
ShortPacifica kPEPE0.0000051190.0100get 0.0013% / 1h58m 48s$63K$128K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Phemex. 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

Funding earned
−$81.79
Price spread: +0.198% → −0.033%
$23.03
Slippage, 4 orders
−$59.18
Fee Phemex: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$137.94
Costs to cover
0.792%
Break-even
never at this rate
Slippage from Phemex: live order book, 5 min ago; Pacifica: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago8.27 bp28.6 bp −$2952.8 bp −$528doesn't fitdoesn't fit
Sell Pacifica live order book, 4 min ago6.84 bp19.3 bp −$19doesn't fitdoesn't fitdoesn't fit

PEPE on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000005090−0.377%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005104−0.088%$18K—150xas long as short
Pacifica kPEPEshort+0.0100%1h0.000005119+0.198%$63K$128K10x
Bybit 1000PEPEUSDT+0.0100%8h0.000005091−0.356%$99.2M$328.0M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005103−0.115%$163.5M$72.0M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005105−0.076%$25.5M$61.5M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000005101−0.157%$47.5M$167.7M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005100−0.182%$681K$4.5M—as long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005107−0.041%$27K$424K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005119+0.192%$1K$2.4M20xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005109−0.004%$582K$3.6M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005108−0.012%$8K—15xas long as short
OKX PEPE-USDT-SWAP+0.0274%8h0.000005098−0.213%$46.1M$580.3M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0295%8h0.000005111+0.047%$34K$24K20xas long as short
SoDEX 1000PEPE-USD+0.0375%1h0.000005114+0.100%$2K$12K10xas long as short
Phemex u1000PEPEUSDTlong+0.0489%8h0.000005109long leg$2.4M$7.0M50x
BingX 1000PEPE-USDC+0.0530%8h0.000005100−0.180%—$2.3M—as long as short
GMX PEPE/USD [ETH-USDC]L +0.0537% / S −0.0928%1h0.000005000−2.132%$48K—100xas long as short
Aevo 1000PEPE-PERP+0.0560%1h0.000005116+0.139%$145K—3xas long as short
MEXC PEPE_USDT+0.0562%8h0.000005107−0.033%$96.7M$285.2M300xas long as short
Binance 1000PEPEUSDT+0.0567%8h0.000005098−0.211%$144.4M$1.18B75xas long as short
Extended 1000PEPE-USD+0.0568%1h0.000005108−0.022%$562K$199K25xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0576%1h0.000005115+0.119%$931K$30.8M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0657%1h0.000005104−0.096%$106K$749K25xas long as short
Aster 1000PEPEUSDT+0.0675%8h0.000005109+0.006%$1.7M$8.3M50xas long as short
Paradex kPEPE-USD-PERP+0.0693%8h0.000005121+0.236%$6K—20xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0729%1h0.000005112+0.061%$62K$114K25xas long as short
Backpack kPEPE_USDC_PERP+0.0902%1h0.000005112+0.051%$99K$610K15xas long as short
Injective PEPE/USDC PERP+0.0973%1h0.000005105−0.076%$4K$102K12xas long as short
01 Exchange kPEPEUSD+0.1152%1h0.000005115+0.119%$617$3K10xas long as short
Nado kPEPE-PERP+0.1331%1h0.000005111+0.046%$194K$882K10xas long as short
Kraken Futures PF_PEPEUSD+0.1361%1h0.000005111+0.043%$4.1M$14.6M50xas long as short
Lighter 1000PEPE+0.1544%1h0.000005107−0.037%$1.1M$7.4M10xas long as short
Hyperliquid kPEPE+0.1820%1h0.000005108−0.018%$56.4M$136.5M10xas long as short