Funding you earn now, next payment 08:00 UTC+0.0601%/8h= +65.8% APRpaid last 24h +0.229%
Price spread now: Kraken Futures against Gate+0.211%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$540.544% of the position
Funding, last 7 days+0.239%+$24 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.211%, 7d avg −0.007%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.218% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.007%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.239% in total (about 12.5% 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 | Gate PEPE_USDT | 0.000005222 | 0.0100 | pay 0.0100% / 8h | 41m 37s | $165.3M | $98.6M | 75x |
| Short | Kraken Futures PF_PEPEUSD | 0.000005233 | 0.0701 | get 0.0088% / 1h | 41m 37s | $4.8M | $16.7M | 50x |
Gate PEPE_USDT
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $126.25
- Price spread: +0.211% → −0.007%
- $21.79
- Slippage, 4 orders
- −$29.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $93.62
- Costs to cover
- 0.544%
- Break-even
- 1.8 days
Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago | 1.92 bp | 13.0 bp −$13 | 16.9 bp −$169 | 67.8 bp −$6,781 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 5.28 bp | 11.9 bp −$12 | 16.1 bp −$161 | 72.9 bp −$7,287 | 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 | 0.000005220 | −0.039% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005233 | +0.216% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005229 | +0.134% | $61K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005212 | −0.191% | $101.4M | $426.1M | 50x | as long as short |
| Gate PEPE_USDTlong | +0.0100% | 8h | 0.000005222 | long leg | $165.3M | $98.6M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005200 | −0.412% | $651K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005238 | +0.300% | $29K | $545K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005245 | +0.448% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005248 | +0.506% | $611K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0124% | 8h | 0.000005222 | +0.006% | $27.1M | $73.5M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni 1000PEPEUSDT | +0.0151% | 1h | 0.000005222 | 0.000% | $152K | $832K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005239 | +0.316% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0274% | 8h | 0.000005224 | +0.048% | $46.9M | $218.9M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0383% | 8h | 0.000005214 | −0.153% | $48.1M | $751.8M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0390% | 1h | 0.000005236 | +0.268% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005203 | −0.364% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0410% | 8h | 0.000005241 | +0.356% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0500% | 8h | 0.000005221 | −0.021% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0505% | 8h | 0.000005245 | +0.440% | $4.5M | $30.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0508% | 8h | 0.000005238 | +0.310% | $2.4M | $8.1M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0515% | 1h | 0.000005235 | +0.249% | $75K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005243 | +0.402% | $701K | $40.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0571% | 1h | 0.000005233 | +0.205% | $79K | $875K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0636% | 1h | 0.000005216 | −0.119% | $167K | $956K | 10x | as long as short |
| Lighter 1000PEPE | +0.0648% | 1h | 0.000005231 | +0.172% | $622K | $9.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0701% | 1h | 0.000005233 | +0.211% | $4.8M | $16.7M | 50x | |
| BingX 1000PEPE-USDT | +0.0712% | 8h | 0.000005222 | −0.006% | — | $218.5M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0728% | 1h | 0.000005222 | 0.000% | $630 | $2K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0739% | 8h | 0.000005220 | −0.038% | $1.8M | $11.7M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0749% | 8h | 0.000005230 | +0.153% | $101.8M | $305.0M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005222 | −0.009% | $547K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005236 | +0.268% | $148K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0756% | 8h | 0.000005216 | −0.115% | $143.8M | $1.49B | 75x | as long as short |
| Hyperliquid kPEPE | +0.0963% | 1h | 0.000005233 | +0.211% | $54.4M | $157.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1135% / S −0.2351% | 1h | 0.000005000 | −4.251% | $64K | — | 100x | as long as short |
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Lighter 1000PEPE
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]