Funding you earn now, next payment 01:00 UTC+0.0573%/8h= +62.8% APRnext payment +$0.72 per $10,000 · paid last 24h −0.104%
Price spread now: ApeX Omni against Kraken Futures−0.056%75s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as 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−$470.469% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.056%, 7d avg −0.019%
=Funding pays, the price is against you. ApeX Omni is 0.036% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.019%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour. The two prices were read 75 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 -0.062% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.72 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 | 0.000004935 | −0.0119 | get 0.0015% / 1h | 33m 54s | $4.0M | $13.9M | 50x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000004932 | 0.0455 | get 0.0057% / 1h | 33m 54s | $102K | $754K | 25x |
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $120.41
- Price spread: −0.056% → −0.019%
- −$3.62
- Slippage, 4 orders
- −$26.94
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $69.85
- Costs to cover
- 0.469%
- Break-even
- 2.9 days
Slippage from Kraken Futures: live order book, 5 min ago; ApeX Omni: live order book, 40 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 Kraken Futures live order book, 5 min ago | 2.04 bp | 14.0 bp −$14 | 23.1 bp −$231 | 61.7 bp −$6,165 | doesn't fit |
| Sell ApeX Omni live order book, 40 min ago | 4.34 bp | 14.1 bp −$14 | 80.1 bp −$801 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSDlong | −0.0119% | 1h | 0.000004935 | long leg | $4.0M | $13.9M | 50x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004926 | −0.186% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004932 | −0.053% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004929 | −0.116% | $58K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004936 | +0.019% | $90.6M | $301.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004932 | −0.056% | $156.4M | $65.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004937 | +0.038% | $25.4M | $55.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004939 | +0.078% | $43.3M | $151.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004921 | −0.284% | $575K | $4.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004900 | −0.708% | $26K | $352K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | 0.000004941 | +0.131% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004934 | −0.015% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004928 | −0.141% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004930 | −0.094% | $2.4M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0186% | 8h | 0.000004943 | +0.167% | $43.3M | $523.5M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004928 | −0.128% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0200% | 8h | 0.000004928 | −0.140% | $6K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0272% | 1h | 0.000004938 | +0.066% | $578K | $6.7M | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0298% | 8h | 0.000004939 | +0.094% | $30K | $13K | 20x | as long as short |
| Hyperliquid kPEPE | +0.0306% | 1h | 0.000004941 | +0.127% | $57.9M | $114.6M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0308% | 8h | 0.000004932 | −0.056% | $4.0M | $23.4M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004939 | +0.086% | $588K | $26.7M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0414% | 1h | 0.000004928 | −0.135% | $192K | $851K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0455% | 1h | 0.000004932 | −0.056% | $102K | $754K | 25x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0464% / S −0.0693% | 1h | 0.000004000 | −18.942% | $46K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0464% | 1h | 0.000004933 | −0.035% | $1K | $2K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0496% | 8h | 0.000004931 | −0.072% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0504% | 1h | 0.000004933 | −0.033% | $541K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0505% | 8h | 0.000004941 | +0.121% | $138.9M | $1.09B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0507% | 8h | 0.000004941 | +0.123% | $97.1M | $282.8M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0512% | 1h | 0.000004936 | +0.026% | $140K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0528% | 8h | 0.000004936 | +0.030% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0555% | 1h | 0.000004935 | +0.007% | $94K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004931 | −0.076% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0967% | 1h | 0.000004938 | +0.066% | $70K | $107K | 25x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Orderly PERP_1000PEPE_USDC
Hyperliquid kPEPE
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL