Funding you earn now, next payment 23:00 UTC+0.1005%/8h= +110.1% APRpaid last 24h +0.092%
Price spread now: Kraken Futures against BloFin−0.386%57s7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$460.458% of the position
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 3 days (all we have)+0.439%+$44 · spread now −0.386%, 7d avg −0.004%
=Funding pays, the price is against you. Kraken Futures is 0.382% cheaper against BloFin than usual: you would sell low and buy high (spread −0.386% now, against its 7-day average of −0.004%). If the spread goes back, that is −$38 on $10k: about 30 hours of funding at the current rate (+$30 a day). Mind the row above: over the last 7 days funding on this pair cost −0.127%, so the current rate has only just turned in your favour. The two prices were read 57 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 -0.127% in total (about -6.6% 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 | BloFin PEPE-USDT | 0.000004815 | 0.0325 | pay 0.0325% / 8h | 1h 19m | $3.9M | $22.2M | 75x |
| Short | Kraken Futures PF_PEPEUSD | 0.000004796 | 0.1330 | get 0.0166% / 1h | 19m 26s | $3.9M | $13.3M | 50x |
BloFin PEPE-USDT
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $211.11
- Price spread: −0.386% → −0.004%
- −$38.25
- Slippage, 4 orders
- −$23.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $127.09
- Costs to cover
- 0.458%
- Break-even
- 2.8 days
Slippage from BloFin: live order book, 5 min ago; Kraken Futures: live order book, 5 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 BloFin live order book, 5 min ago | 1.04 bp | 10.5 bp −$11 | 12.9 bp −$129 | 33.7 bp −$3,366 | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 6.04 bp | 13.5 bp −$14 | 19.4 bp −$194 | 69.6 bp −$6,962 | 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 | 0.000004790 | −0.510% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004786 | −0.600% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004794 | −0.436% | $666K | $5.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004790 | −0.519% | $62.0M | $81.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004793 | −0.457% | $59K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004788 | −0.563% | $86.7M | $281.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004789 | −0.540% | $149.7M | $63.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004791 | −0.509% | $24.7M | $54.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004812 | −0.064% | $543K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004816 | +0.014% | $27K | $344K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004799 | −0.324% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004800 | −0.312% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004806 | −0.193% | $542K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0126% | 8h | 0.000004785 | −0.625% | $42.0M | $148.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004792 | −0.471% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0205% | 8h | 0.000004788 | −0.561% | $41.5M | $489.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0302% | 8h | 0.000004794 | −0.427% | $5K | $16 | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0316% / S −0.0336% | 1h | 0.000004000 | −16.926% | $43K | — | 100x | as long as short |
| BloFin PEPE-USDTlong | +0.0325% | 8h | 0.000004815 | long leg | $3.9M | $22.2M | 75x | |
| Phemex u1000PEPEUSDT | +0.0361% | 8h | 0.000004799 | −0.322% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0400% | 1h | 0.000004793 | −0.457% | $549 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004801 | −0.291% | $579K | $25.5M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0449% | 8h | 0.000004784 | −0.640% | $29K | $11K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0542% | 1h | 0.000004816 | +0.021% | $102K | $764K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0574% | 1h | 0.000004797 | −0.374% | $91K | $615K | 15x | as long as short |
| BingX 1000PEPE-USDT | +0.0751% | 8h | 0.000004789 | −0.542% | — | $256.4M | — | as long as short |
| Nado kPEPE-PERP | +0.0761% | 1h | 0.000004792 | −0.475% | $184K | $854K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0781% | 8h | 0.000004792 | −0.482% | $91.1M | $285.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0781% | 8h | 0.000004790 | −0.515% | $129.8M | $1.04B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0784% | 1h | 0.000004791 | −0.494% | $526K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000004792 | −0.478% | $135K | — | 3x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0795% | 1h | 0.000004789 | −0.540% | $81K | $94K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0796% | 8h | 0.000004791 | −0.507% | $1.5M | $7.1M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004843 | +0.582% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.1330% | 1h | 0.000004796 | −0.386% | $3.9M | $13.3M | 50x |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDT
Nado kPEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP