Funding you earn now, next payment 09:00 UTC+0.0536%/8h= +58.7% APRnext payment +$0.67 per $10,000 · paid last 24h +0.151%
Price spread now: Kraken Futures against ApeX Omni−0.066%75s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.498% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.066%, 7d avg −0.018%
=Funding pays, the price is against you. Kraken Futures is 0.048% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.018%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.114% in total) that is about 2.9 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 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 | ApeX Omni 1000PEPEUSDT | 0.000004990 | 0.0100 | pay 0.0013% / 1h | 1m 44s | $145K | $846K | 25x |
| Short | Kraken Futures PF_PEPEUSD | 0.000004987 | 0.0636 | get 0.0079% / 1h | 1m 44s | $4.6M | $17.1M | 50x |
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. 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
- $112.52
- Price spread: −0.066% → −0.018%
- −$4.82
- Slippage, 4 orders
- −$29.82
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $57.88
- Costs to cover
- 0.498%
- Break-even
- 3.4 days
Slippage from ApeX Omni: live order book, 32 min ago; Kraken Futures: 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 ApeX Omni live order book, 32 min ago | 2.86 bp | 10.3 bp −$10 | 77.1 bp −$771 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 5.11 bp | 12.4 bp −$12 | 16.7 bp −$167 | 74.5 bp −$7,447 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004988 | −0.046% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005007 | +0.341% | $57K | $197K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005005 | +0.293% | $96.5M | $447.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005008 | +0.361% | $159.9M | $103.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005002 | +0.234% | $652K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004994 | +0.088% | $27K | $568K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0100% | 1h | 0.000004990 | long leg | $145K | $846K | 25x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004999 | +0.176% | $1K | $2.7M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004989 | −0.020% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004990 | 0.000% | $583K | $4.2M | 75x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0135% | 8h | 0.000005005 | +0.301% | $25.7M | $75.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0135% | 8h | 0.000005007 | +0.339% | $44.7M | $225.7M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005001 | +0.220% | $6K | $121K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0151% | 1h | 0.000004988 | −0.040% | $57K | $139K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004987 | −0.055% | $8K | — | 15x | as long as short |
| Lighter 1000PEPE | +0.0264% | 1h | 0.000005008 | +0.361% | $592K | $9.1M | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0281% | 8h | 0.000005006 | +0.321% | $45.8M | $742.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0286% | 1h | 0.000005007 | +0.341% | $51.6M | $161.6M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0289% | 8h | 0.000005003 | +0.256% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0294% | 8h | 0.000004991 | +0.024% | $2.3M | $8.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0329% | 1h | 0.000004992 | +0.030% | $66K | $959K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0407% | 8h | 0.000004993 | +0.060% | $4.4M | $30.0M | 75x | as long as short |
| 01 Exchange kPEPEUSD | +0.0424% | 1h | 0.000004988 | −0.040% | $602 | $2K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0433% | 8h | 0.000004991 | +0.012% | $32K | $31K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000004991 | +0.020% | $664K | $39.3M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0563% | 8h | 0.000005006 | +0.323% | — | $179.7M | — | as long as short |
| Nado kPEPE-PERP | +0.0564% | 1h | 0.000004988 | −0.050% | $152K | $950K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0564% | 8h | 0.000005003 | +0.269% | $132.0M | $1.55B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0568% | 1h | 0.000005003 | +0.269% | $525K | $286K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0569% | 8h | 0.000005004 | +0.275% | $99.2M | $313.8M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0576% | 1h | 0.000004989 | −0.020% | $141K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0588% | 8h | 0.000005008 | +0.370% | $1.8M | $12.3M | 50x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0636% | 1h | 0.000004987 | −0.066% | $4.6M | $17.1M | 50x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0925% / S −0.1034% | 1h | 0.000004000 | −19.840% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.4927% | 1h | 0.000004993 | +0.064% | $25K | $12K | 10x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Reya kPEPERUSDPERP
Lighter 1000PEPE
OKX PEPE-USDT-SWAP
Hyperliquid kPEPE
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
01 Exchange kPEPEUSD
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Nado kPEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD