Funding you earn now, next payment 00:00 UTC−0.0633%/8h= −69.4% APRpaid last 24h +0.147%
Price spread now: Kraken Futures against Binance−0.039%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.039%, 7d avg −0.028%
=The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.116%, 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 0.116% in total (about 6.1% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000PEPEUSDT | 0.000004820 | 0.0700 | pay 0.0700% / 8h | 50m 56s | $132.3M | $1.05B | 75x |
| Short | Kraken Futures PF_PEPEUSD | 0.000004818 | 0.0066 | get 0.0008% / 1h | 50m 56s | $3.9M | $13.5M | 50x |
Binance 1000PEPEUSDT
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$133.01
- Price spread: −0.039% → −0.028%
- −$1.02
- Slippage, 4 orders
- −$20.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$174.28
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Kraken Futures: live order book, 3 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 Binance live order book, 8 min ago | 0.10 bp | 5.4 bp −$5 | 12.9 bp −$129 | 31.7 bp −$3,172 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 3.55 bp | 13.7 bp −$14 | 20.2 bp −$202 | 77.7 bp −$7,767 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0208% | 1h | 0.000004811 | −0.185% | $66.9M | $87.3M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004810 | −0.209% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004816 | −0.079% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0066% | 1h | 0.000004818 | −0.039% | $3.9M | $13.5M | 50x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004815 | −0.102% | $60K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004817 | −0.060% | $86.6M | $287.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004815 | −0.102% | $151.1M | $63.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004818 | −0.041% | $24.7M | $54.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004817 | −0.058% | $42.5M | $149.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004798 | −0.457% | $596K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004806 | −0.283% | $28K | $344K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004829 | +0.197% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004820 | +0.002% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004818 | −0.035% | $546K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0184% | 1h | 0.000004822 | +0.044% | $637K | $6.3M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004817 | −0.063% | $7K | — | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0214% | 1h | 0.000004796 | −0.496% | $100K | $760K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0219% | 8h | 0.000004820 | +0.002% | $41.8M | $499.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0219% | 8h | 0.000004817 | −0.063% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0238% | 8h | 0.000004819 | −0.010% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0240% | 1h | 0.000004819 | −0.019% | $552 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0339% | 8h | 0.000004819 | −0.019% | $3.9M | $22.4M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0354% / S −0.0391% | 1h | 0.000004000 | −17.011% | $43K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004821 | +0.023% | $578K | $25.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0434% | 8h | 0.000004820 | +0.002% | $30K | $12K | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004814 | −0.122% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0597% | 1h | 0.000004819 | −0.017% | $91K | $602K | 15x | as long as short |
| BingX 1000PEPE-USDC | +0.0684% | 8h | 0.000004810 | −0.201% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0696% | 1h | 0.000004821 | +0.015% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0696% | 1h | 0.000004824 | +0.085% | $136K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0699% | 8h | 0.000004820 | +0.006% | $95.5M | $279.0M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0700% | 8h | 0.000004820 | long leg | $132.3M | $1.05B | 75x | |
| Aster 1000PEPEUSDT | +0.0705% | 8h | 0.000004820 | 0.000% | $1.5M | $7.3M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0835% | 1h | 0.000004817 | −0.052% | $184K | $845K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0996% | 1h | 0.000004823 | +0.064% | $82K | $94K | 25x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Reya kPEPERUSDPERP
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL