Funding you earn now, next payment 09:00 UTC+0.0063%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h −0.112%
Price spread now: Extended against Kraken Futures−0.051%7-day average +0.004% · 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−$52as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.051%, 7d avg +0.004%
=Together, before fees−0.140%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.055% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.004%). If the spread goes back, that is −$6 on $10k: about 2.9 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PEPEUSD | 0.000005135 | 0.0617 | pay 0.0077% / 1h | 52m 23s | $4.8M | $16.7M | 50x |
| Short | Extended 1000PEPE-USD | 0.000005132 | 0.0680 | get 0.0085% / 1h | 52m 23s | $539K | $280K | 25x |
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $13.13
- Price spread: −0.051% → +0.004%
- −$5.51
- Slippage, 4 orders
- −$31.03
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$38.41
- Costs to cover
- 0.460%
- Break-even
- 27.5 days
Slippage from Kraken Futures: live order book, 2 min ago; Extended: live order book, 45 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, 2 min ago | 7.93 bp | 16.2 bp −$16 | 26.4 bp −$264 | 78.5 bp −$7,847 | doesn't fit |
| Sell Extended live order book, 45 min ago | 3.88 bp | 8.4 bp −$8 | 44.2 bp −$442 | 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 | 0.000005125 | −0.183% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005107 | −0.551% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005133 | −0.037% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005129 | −0.115% | $99.0M | $435.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005127 | −0.153% | $163.4M | $98.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005113 | −0.433% | $635K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005108 | −0.530% | $28K | $548K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005146 | +0.213% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005136 | +0.032% | $601K | $4.2M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005113 | −0.426% | $8K | $120K | 12x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0153% | 8h | 0.000005130 | −0.091% | $26.8M | $74.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005129 | −0.120% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0228% | 8h | 0.000005129 | −0.116% | $46.0M | $221.8M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0271% | 1h | 0.000005137 | +0.041% | $2K | $11K | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0345% | 8h | 0.000005130 | −0.095% | $47.0M | $749.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0403% | 1h | 0.000005100 | −0.679% | $148K | $836K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0424% | 8h | 0.000005138 | +0.061% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0429% | 8h | 0.000005129 | −0.115% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0435% | 1h | 0.000005136 | +0.026% | $76K | $894K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0467% | 8h | 0.000005133 | −0.037% | $4.6M | $30.4M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005126 | −0.173% | $678K | $39.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0512% | 1h | 0.000005135 | +0.002% | $619 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000005137 | +0.041% | $622K | $9.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0559% | 1h | 0.000005133 | −0.037% | $53.2M | $159.8M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0570% | 1h | 0.000005131 | −0.068% | $163K | $964K | 10x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.0617% | 1h | 0.000005135 | long leg | $4.8M | $16.7M | 50x | |
| BingX 1000PEPE-USDC | +0.0665% | 8h | 0.000005128 | −0.132% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0679% | 8h | 0.000005129 | −0.105% | $100.0M | $305.8M | 300x | as long as short |
| Extended 1000PEPE-USDshort | +0.0680% | 1h | 0.000005132 | −0.051% | $539K | $280K | 25x | |
| Aevo 1000PEPE-PERP | +0.0680% | 1h | 0.000005134 | −0.017% | $145K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0681% | 8h | 0.000005132 | −0.054% | $141.6M | $1.51B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0696% | 8h | 0.000005132 | −0.056% | $1.7M | $12.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0725% | 1h | 0.000005135 | +0.002% | $73K | $128K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0968% | 8h | 0.000005132 | −0.046% | $2.4M | $8.1M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1020% / S −0.1217% | 1h | 0.000005000 | −2.627% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE
Nado kPEPE-PERP
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]