Funding you earn now, next payment 22:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h +0.075%
Price spread now: Kraken Futures against Extended−0.011%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 3 days (all we have)+0.240%+$24 · spread now −0.011%, 7d avg +0.022%
=Together, before fees+0.286%+ Points / potential airdropExtended: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.033% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended 1000PEPE-USD | 0.000004832 | 0.0856 | pay 0.0107% / 1h | 20m 17s | $532K | $147K | 25x |
| Short | Kraken Futures PF_PEPEUSD | 0.000004832 | 0.0758 | get 0.0095% / 1h | 20m 17s | $3.9M | $13.0M | 50x |
Extended 1000PEPE-USD
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$20.6
- Price spread: −0.011% → +0.022%
- −$3.33
- Slippage, 4 orders
- −$30.77
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$69.7
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Kraken Futures: live order book, 4 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 Extended live order book, 3 min ago | 3.09 bp | 7.6 bp −$8 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 8.55 bp | 13.7 bp −$14 | 19.4 bp −$194 | 107.1 bp −$10.7K | 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 | 0.000004828 | −0.079% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004824 | −0.162% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004830 | −0.042% | $57.9M | $71.4M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004835 | +0.061% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004830 | −0.051% | $88.0M | $274.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004826 | −0.125% | $150.8M | $62.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004827 | −0.109% | $25.1M | $53.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004844 | +0.252% | $709K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004858 | +0.538% | $27K | $338K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004837 | +0.094% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004842 | +0.200% | $557K | $3.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0153% | 8h | 0.000004833 | +0.020% | $41.4M | $488.2M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0180% | 8h | 0.000004828 | −0.077% | $42.7M | $152.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004831 | −0.031% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0271% | 8h | 0.000004842 | +0.206% | $3.8M | $21.9M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −17.219% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0400% | 8h | 0.000004835 | +0.061% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004830 | −0.042% | $579K | $25.3M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0470% | 8h | 0.000004836 | +0.090% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0487% | 8h | 0.000004829 | −0.055% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0528% | 1h | 0.000004837 | +0.103% | $615K | $5.2M | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004861 | +0.599% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0668% | 1h | 0.000004835 | +0.051% | $93K | $623K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0714% | 1h | 0.000004834 | +0.040% | $189K | $848K | 10x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0758% | 1h | 0.000004832 | −0.011% | $3.9M | $13.0M | 50x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0786% | 1h | 0.000004830 | −0.042% | $82K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0808% | 8h | 0.000004832 | −0.003% | — | $255.1M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0815% | 1h | 0.000004833 | +0.020% | $2K | $9K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0840% | 1h | 0.000004860 | +0.579% | $101K | $761K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0848% | 1h | 0.000004839 | +0.144% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0855% | 8h | 0.000004829 | −0.059% | $91.0M | $290.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0855% | 8h | 0.000004837 | +0.097% | $128.7M | $1.02B | 75x | as long as short |
| Extended 1000PEPE-USDlong | +0.0856% | 1h | 0.000004832 | long leg | $532K | $147K | 25x | |
| Aster 1000PEPEUSDT | +0.0896% | 8h | 0.000004831 | −0.027% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1232% | 1h | 0.000004842 | +0.206% | $555 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD