Funding you earn now, next payment 22:00 UTC+0.0654%/8h= +71.6% APRpaid last 24h +0.101%
Price spread now: Kraken Futures against HTX−0.157%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$580.575% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 3 days (all we have)+0.197%+$20 · spread now −0.157%, 7d avg −0.030%
=Funding pays, the price is against you. Kraken Futures is 0.128% cheaper against HTX than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.030%). If the spread goes back, that is −$13 on $10k: about 16 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.040% in total) that is about 22 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% 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 | HTX PEPE-USDT | 0.000004863 | 0.0100 | pay 0.0100% / 8h | 2h 25m | $560K | $3.5M | 75x |
| Short | Kraken Futures PF_PEPEUSD | 0.000004855 | 0.0754 | get 0.0094% / 1h | 25m 08s | $3.9M | $13.0M | 50x |
HTX PEPE-USDT
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- $137.38
- Price spread: −0.157% → −0.030%
- −$12.75
- Slippage, 4 orders
- −$35.52
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $67.11
- Costs to cover
- 0.575%
- Break-even
- 3.6 days
Slippage from HTX: live order book, 4 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 HTX live order book, 4 min ago | 7.07 bp | 13.5 bp −$13 | 34.4 bp −$344 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 7.70 bp | 12.9 bp −$13 | 19.1 bp −$191 | 92.5 bp −$9,254 | 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 | 0.000004842 | −0.436% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004845 | −0.360% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004852 | −0.226% | $57.8M | $71.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004851 | −0.247% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004855 | −0.165% | $88.3M | $274.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004852 | −0.226% | $151.2M | $62.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004854 | −0.175% | $25.1M | $53.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004837 | −0.528% | $705K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004818 | −0.926% | $27K | $337K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004860 | −0.060% | $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-USDTlong | +0.0100% | 8h | 0.000004863 | long leg | $560K | $3.5M | 75x | |
| OKX PEPE-USDT-SWAP | +0.0148% | 8h | 0.000004857 | −0.123% | $41.6M | $490.1M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0178% | 8h | 0.000004854 | −0.187% | $43.0M | $152.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004854 | −0.181% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0267% | 8h | 0.000004859 | −0.082% | $3.9M | $21.9M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0319% / S −0.0217% | 1h | 0.000004000 | −17.746% | $53K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0392% | 8h | 0.000004857 | −0.132% | $30K | $11K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0449% | 8h | 0.000004850 | −0.274% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0456% | 1h | 0.000004858 | −0.103% | $620K | $5.2M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0463% | 8h | 0.000004858 | −0.107% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004856 | −0.144% | $581K | $25.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004847 | −0.329% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0631% | 1h | 0.000004855 | −0.160% | $93K | $623K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0682% | 1h | 0.000004864 | +0.029% | $192K | $855K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0736% | 1h | 0.000004809 | −1.110% | $100K | $760K | 25x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0754% | 1h | 0.000004855 | −0.157% | $3.9M | $13.0M | 50x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0781% | 1h | 0.000004853 | −0.206% | $82K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0787% | 8h | 0.000004858 | −0.111% | — | $255.0M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0812% | 1h | 0.000004857 | −0.123% | $2K | $9K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0832% | 1h | 0.000004887 | +0.494% | $138K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0836% | 8h | 0.000004859 | −0.082% | $91.3M | $290.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0845% | 8h | 0.000004858 | −0.096% | $129.3M | $1.02B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0848% | 1h | 0.000004855 | −0.169% | $534K | $147K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0886% | 8h | 0.000004864 | +0.012% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1256% | 1h | 0.000004880 | +0.350% | $559 | $2K | 10x | as long as short |
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
SoDEX 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD