Funding you earn now, next payment 04:00 UTC−0.1181%/8h= −129.3% APRpaid last 24h −0.163%
Price spread now: edgeX against Kraken Futures−1.257%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+1.039%+$104 · spread now −1.257%, 7d avg −0.010%
=Together, before fees+0.960%+ Points / potential airdropedgeX: Active · farm board+$96 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and edgeX is 1.247% cheaper against Kraken Futures than usual: you would sell low and buy high (−$125 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% 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 | Kraken Futures PF_PEPEUSD | 0.000005085 | 0.1281 | pay 0.0160% / 1h | 42m 45s | $4.4M | $15.5M | 50x |
| Short | edgeX 1000PEPEUSDC | 0.000005021 | 0.0100 | get 0.0050% / 4h | 42m 45s | $31K | $452K | 20x |
Kraken Futures PF_PEPEUSD
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$248.01
- Price spread: −1.257% → −0.010%
- −$124.7
- Slippage, 4 orders
- −$28.14
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$419.85
- Costs to cover
- 0.471%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; edgeX: live order book, 16 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, 1 min ago | 6.29 bp | 19.0 bp −$19 | 27.2 bp −$272 | 73.3 bp −$7,327 | doesn't fit |
| Sell edgeX live order book, 16 min ago | 1.09 bp | 5.8 bp −$6 | 84.7 bp −$847 | 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 | 0.000005092 | +0.147% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005083 | −0.027% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005094 | +0.185% | $65K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005095 | +0.205% | $99.7M | $345.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005087 | +0.048% | $168.0M | $76.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005087 | +0.046% | $26.2M | $63.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005034 | −1.003% | $675K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000005021 | −1.257% | $31K | $452K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005099 | +0.292% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005083 | −0.023% | $580K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0168% | 8h | 0.000005087 | +0.050% | $46.4M | $175.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005090 | +0.113% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | −0.798% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0332% | 8h | 0.000005087 | +0.048% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0361% | 8h | 0.000005090 | +0.107% | $45.7M | $601.7M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0482% | 8h | 0.000005085 | +0.008% | $4.4M | $25.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0605% | 8h | 0.000005087 | +0.040% | $2.4M | $7.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0635% | 8h | 0.000005090 | +0.099% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0663% | 1h | 0.000005050 | −0.680% | $100K | $742K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0669% / S −0.0920% | 1h | 0.000005000 | −1.663% | $46K | — | 100x | as long as short |
| SoDEX 1000PEPE-USD | +0.0671% | 1h | 0.000005087 | +0.048% | $2K | $12K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005084 | −0.011% | $144K | — | 3x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005099 | +0.284% | $981K | $32.2M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0676% | 8h | 0.000005093 | +0.158% | $93.4M | $287.4M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0680% | 1h | 0.000005087 | +0.039% | $538K | $226K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0688% | 8h | 0.000005099 | +0.291% | $143.7M | $1.22B | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0734% | 1h | 0.000005085 | +0.008% | $72K | $124K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0780% | 1h | 0.000005092 | +0.153% | $193K | $877K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0783% | 8h | 0.000005090 | +0.099% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0792% | 8h | 0.000005091 | +0.122% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0889% | 1h | 0.000005089 | +0.083% | $99K | $644K | 15x | as long as short |
| Lighter 1000PEPE | +0.0928% | 1h | 0.000005089 | +0.087% | $579K | $8.2M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005103 | +0.362% | $616 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.1281% | 1h | 0.000005085 | long leg | $4.4M | $15.5M | 50x | |
| Hyperliquid kPEPE | +0.1458% | 1h | 0.000005092 | +0.146% | $54.6M | $140.2M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
SoDEX 1000PEPE-USD
Aevo 1000PEPE-PERP
Coinbase International 1000PEPE-PERP-INTX
MEXC PEPE_USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
01 Exchange kPEPEUSD
Hyperliquid kPEPE