Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Pacifica against Variational Omni−0.150%7-day average +0.097% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.055%+$5 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.150%, 7d avg +0.097%

Together, before fees+0.103%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$10 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: Pacifica is 0.247% cheaper against Variational Omni than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000PEPE	0.000005113	0.0100	pay 0.0100% / 8h	7h 55m	$635K	$5.4M	—
Short	Pacifica kPEPE	0.000005105	0.0100	get 0.0013% / 1h	55m 42s	$59K	$186K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee PacificabpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → +0.097%: −$24.71
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.71
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Pacifica: live order book, 42 min ago. 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 Variational Omni RFQ quote, 3 min ago	5.84 bp	doesn't fit	13.6 bp −$136	doesn't fit	doesn't fit
Sell Pacifica live order book, 42 min ago	10.65 bp	15.2 bp −$15	doesn't fit	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	0.000005108	−0.087%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005109	−0.077%	$4K	—	150x	as long as short
Pacifica kPEPEshort	+0.0100%	1h	0.000005105	−0.150%	$59K	$186K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005099	−0.267%	$98.4M	$433.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005102	−0.208%	$162.7M	$98.7M	75x	as long as short
Variational Omni 1000PEPElong	+0.0100%	8h	0.000005113	long leg	$635K	$5.4M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005135	+0.445%	$28K	$547K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005118	+0.106%	$2K	$2.7M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005116	+0.065%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005115	+0.052%	$599K	$4.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PEPE/USDC PERP	+0.0147%	1h	0.000005103	−0.189%	$8K	$120K	12x	as long as short
KuCoin PEPEUSDTM	+0.0151%	8h	0.000005115	+0.042%	$26.8M	$74.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005108	−0.096%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0231%	8h	0.000005099	−0.277%	$45.8M	$221.6M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0267%	1h	0.000005136	+0.457%	$150K	$836K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0287%	1h	0.000005117	+0.091%	$76K	$895K	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0351%	8h	0.000005100	−0.248%	$46.9M	$744.0M	50x	as long as short
Lighter 1000PEPE	+0.0408%	1h	0.000005105	−0.150%	$619K	$9.0M	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0423%	8h	0.000005116	+0.063%	$34K	$26K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0427%	8h	0.000005109	−0.077%	$6K	—	20x	as long as short
01 Exchange kPEPEUSD	+0.0448%	1h	0.000005096	−0.326%	$615	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0474%	8h	0.000005122	+0.183%	$4.5M	$30.3M	75x	as long as short
Hyperliquid kPEPE	+0.0485%	1h	0.000005115	+0.046%	$53.0M	$159.9M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000005118	+0.105%	$673K	$39.7M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0532%	1h	0.000005116	+0.065%	$73K	$128K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0620%	1h	0.000005112	−0.009%	$4.7M	$16.7M	50x	as long as short
Nado kPEPE-PERP	+0.0662%	1h	0.000005110	−0.048%	$162K	$964K	10x	as long as short
BingX 1000PEPE-USDC	+0.0665%	8h	0.000005100	−0.257%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0682%	8h	0.000005105	−0.155%	$140.8M	$1.51B	75x	as long as short
MEXC PEPE_USDT	+0.0684%	8h	0.000005105	−0.154%	$99.6M	$305.5M	300x	as long as short
Extended 1000PEPE-USD	+0.0688%	1h	0.000005098	−0.294%	$537K	$280K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0688%	1h	0.000005114	+0.026%	$145K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0698%	8h	0.000005105	−0.154%	$1.7M	$12.0M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1019% / S −0.1217%	1h	0.000005000	−2.203%	$50K	—	100x	as long as short
Phemex u1000PEPEUSDT	+0.1329%	8h	0.000005121	+0.159%	$2.4M	$8.1M	50x	as long as short