Funding you earn now, next payment 05:00 UTC−0.0738%/8h= −80.8% APRnext payment −$0.92 per $10,000 · paid last 24h −0.105%
Price spread now: Aevo against Kraken Futures+0.127%7-day average +0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.127%, 7d avg +0.010%
=The price spread pays, funding is against you. Aevo is 0.117% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.010%): +$12 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.073% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 per $10,000. 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 | Kraken Futures PF_PEPEUSD | 0.000005336 | 0.1530 | pay 0.0191% / 1h | 51m 45s | $4.9M | $16.2M | 50x |
| Short | Aevo 1000PEPE-PERP | 0.000005343 | 0.0792 | get 0.0099% / 1h | 51m 45s | $151K | — | 3x |
Kraken Futures PF_PEPEUSD
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Kraken Futures. 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
- −$155
- Price spread: +0.127% → +0.010%
- $11.73
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$169.27
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 2 min ago; Aevo: live order book, 2 min ago. Net counts fees only.
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 Kraken Futures live order book, 2 min ago | 11.36 bp | 17.6 bp −$18 | 24.6 bp −$246 | 84.2 bp −$8,417 | doesn't fit |
| Sell Aevo live order book, 2 min ago | 1010.05 bp | doesn't fit | doesn't fit | doesn't fit | 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 | 0.000005321 | −0.283% | $20K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005336 | −0.002% | $4K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005258 | −1.466% | $3K | $110K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005330 | −0.116% | $70K | $152K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005331 | −0.105% | $104.1M | $368.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005338 | +0.034% | $176.4M | $85.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005346 | +0.176% | $26.9M | $67.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005279 | −1.080% | $747K | $5.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005275 | −1.151% | $38K | $491K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005339 | +0.056% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
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 | 0.000005345 | +0.165% | $618K | $3.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005336 | −0.006% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0247% | 8h | 0.000005337 | +0.019% | $49.3M | $183.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0375% | 8h | 0.000005344 | +0.138% | $36K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0409% | 8h | 0.000005338 | +0.034% | $52.3M | $673.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0527% | 8h | 0.000005323 | −0.248% | $4.6M | $27.9M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0609% | 8h | 0.000005336 | −0.006% | $2.6M | $7.4M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005343 | +0.127% | $757K | $36.2M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0746% | 8h | 0.000005342 | +0.103% | — | $263.8M | — | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005342 | +0.103% | $566K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0792% | 1h | 0.000005343 | +0.127% | $151K | — | 3x | |
| MEXC PEPE_USDT | +0.0794% | 8h | 0.000005343 | +0.123% | $104.2M | $291.7M | 300x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0798% | 8h | 0.000005332 | −0.080% | $6K | — | 20x | as long as short |
| Binance 1000PEPEUSDT | +0.0800% | 8h | 0.000005328 | −0.155% | $155.4M | $1.30B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0847% | 1h | 0.000005343 | +0.130% | $190K | $913K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0875% | 1h | 0.000005340 | +0.071% | $76K | $126K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0876% / S −0.1728% | 1h | 0.000005000 | −6.301% | $65K | — | 100x | as long as short |
| SoDEX 1000PEPE-USD | +0.0894% | 1h | 0.000005338 | +0.034% | $2K | $10K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0933% | 8h | 0.000005345 | +0.169% | $1.9M | $9.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0992% | 1h | 0.000005339 | +0.052% | $666K | $8.5M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1336% | 1h | 0.000005359 | +0.427% | $646 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1482% | 1h | 0.000005345 | +0.165% | $74K | $721K | 15x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.1530% | 1h | 0.000005336 | long leg | $4.9M | $16.2M | 50x | |
| Hyperliquid kPEPE | +0.1720% | 1h | 0.000005345 | +0.165% | $58.4M | $144.0M | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1840% | 1h | 0.000005272 | −1.203% | $174K | $798K | 25x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Paradex kPEPE-USD-PERP
Binance 1000PEPEUSDT
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
GMX PEPE/USD [ETH-USDC]
SoDEX 1000PEPE-USD
Aster 1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE
ApeX Omni 1000PEPEUSDT