Funding you earn now, next payment 08:00 UTC−0.0601%/8h= −65.8% APRpaid last 24h −0.229%
Price spread now: Gate against Kraken Futures−0.020%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$540.544% of the position
Funding, last 7 days−0.239%−$24 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.020%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Gate is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.239% in total (about -12.5% 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 | 0.000005233 | 0.0701 | pay 0.0088% / 1h | 42m 08s | $4.8M | $16.7M | 50x |
| Short | Gate PEPE_USDT | 0.000005232 | 0.0100 | get 0.0100% / 8h | 42m 08s | $165.1M | $98.5M | 75x |
Kraken Futures PF_PEPEUSD
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$126.25
- Price spread: −0.020% → +0.007%
- −$2.64
- Slippage, 4 orders
- −$29.43
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$183.32
- Costs to cover
- 0.544%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Gate: live order book, 2 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 | 5.28 bp | 18.5 bp −$19 | 26.8 bp −$268 | 70.0 bp −$7,001 | doesn't fit |
| Sell Gate live order book, 2 min ago | 1.92 bp | 11.0 bp −$11 | 15.5 bp −$155 | 65.5 bp −$6,547 | 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 | 0.000005247 | +0.276% | $20K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005233 | +0.005% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005252 | +0.363% | $61K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005233 | −0.001% | $101.8M | $426.0M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000005232 | −0.020% | $165.1M | $98.5M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005200 | −0.622% | $651K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005205 | −0.535% | $29K | $546K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005245 | +0.236% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005248 | +0.294% | $611K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0123% | 8h | 0.000005230 | −0.062% | $27.1M | $73.3M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni 1000PEPEUSDT | +0.0151% | 1h | 0.000005222 | −0.211% | $152K | $832K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005239 | +0.105% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0275% | 8h | 0.000005230 | −0.058% | $46.9M | $218.9M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0383% | 8h | 0.000005233 | −0.001% | $48.2M | $754.3M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0390% | 1h | 0.000005236 | +0.057% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005203 | −0.574% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0410% | 8h | 0.000005241 | +0.145% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0503% | 8h | 0.000005240 | +0.132% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0505% | 8h | 0.000005245 | +0.229% | $4.5M | $30.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0508% | 8h | 0.000005238 | +0.099% | $2.4M | $8.1M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0515% | 1h | 0.000005235 | +0.038% | $75K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005243 | +0.191% | $701K | $40.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0571% | 1h | 0.000005233 | −0.006% | $79K | $875K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0617% | 1h | 0.000005238 | +0.093% | $167K | $956K | 10x | as long as short |
| Lighter 1000PEPE | +0.0648% | 1h | 0.000005240 | +0.133% | $623K | $9.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.0701% | 1h | 0.000005233 | long leg | $4.8M | $16.7M | 50x | |
| BingX 1000PEPE-USDT | +0.0712% | 8h | 0.000005231 | −0.037% | — | $218.5M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0728% | 1h | 0.000005241 | +0.152% | $632 | $2K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0739% | 8h | 0.000005239 | +0.118% | $1.8M | $11.7M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0749% | 8h | 0.000005236 | +0.061% | $101.8M | $305.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0750% | 8h | 0.000005235 | +0.034% | $144.3M | $1.49B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005234 | +0.021% | $550K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005236 | +0.057% | $148K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0971% | 1h | 0.000005238 | +0.095% | $54.4M | $157.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1135% / S −0.2351% | 1h | 0.000005000 | −4.453% | $64K | — | 100x | as long as short |
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Lighter 1000PEPE
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]