Funding you earn now, next payment 01:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h −0.134%
Price spread now: Pacifica against Kraken Futures−0.059%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.059%, 7d avg +0.016%
=Together, before fees−0.072%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.076% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.016%). If the spread goes back, that is −$8 on $10k: about 28 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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 | 0.000005030 | −0.0116 | get 0.0015% / 1h | 11m 18s | $3.9M | $14.3M | 50x |
| Short | Pacifica kPEPE | 0.000005027 | 0.0100 | get 0.0013% / 1h | 11m 18s | $59K | $120K | 10x |
Kraken Futures PF_PEPEUSD
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $45.43
- Price spread: −0.059% → +0.016%
- −$7.56
- Slippage, 4 orders
- −$44.77
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$24.89
- Costs to cover
- 0.628%
- Break-even
- 10.8 days
Slippage from Kraken Futures: live order book, 3 min ago; Pacifica: live order book, 61 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, 3 min ago | 12.26 bp | 20.3 bp −$20 | 26.1 bp −$261 | 84.3 bp −$8,434 | doesn't fit |
| Sell Pacifica live order book, 61 min ago | 7.41 bp | 13.0 bp −$13 | 21.4 bp −$214 | 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 | −0.0116% | 1h | 0.000005030 | long leg | $3.9M | $14.3M | 50x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005020 | −0.206% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005025 | −0.091% | $14K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005027 | −0.059% | $59K | $120K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005029 | −0.028% | $94.7M | $309.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005028 | −0.040% | $161.4M | $68.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005030 | −0.004% | $25.5M | $57.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005031 | +0.026% | $44.7M | $154.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005026 | −0.086% | $588K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005071 | +0.817% | $53K | $381K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | 0.000005033 | +0.068% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005031 | +0.020% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005027 | −0.051% | $563K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005022 | −0.153% | $2.4M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005030 | −0.004% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0198% | 8h | 0.000005034 | +0.080% | $44.7M | $543.5M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0209% | 1h | 0.000005072 | +0.835% | $105K | $750K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0265% | 8h | 0.000005024 | −0.126% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0273% | 8h | 0.000005030 | +0.006% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0315% | 8h | 0.000005031 | +0.020% | $4.1M | $24.2M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005033 | +0.060% | $512K | $27.9M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0459% | 8h | 0.000005033 | +0.060% | — | $257.6M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0476% | 8h | 0.000005028 | −0.031% | $139.4M | $1.12B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0479% | 8h | 0.000005025 | −0.101% | $99.3M | $290.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005029 | −0.016% | $552K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000004976 | −1.073% | $141K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0492% / S −0.0454% | 1h | 0.000005000 | −0.596% | $59K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0527% | 8h | 0.000005032 | +0.046% | $1.5M | $7.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0528% | 1h | 0.000005038 | +0.159% | $653K | $6.8M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0546% | 1h | 0.000005030 | 0.000% | $61K | $114K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0561% | 1h | 0.000005029 | −0.029% | $188K | $861K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0608% | 1h | 0.000005037 | +0.139% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0612% | 1h | 0.000005034 | +0.070% | $95K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005043 | +0.259% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPE | +0.1965% | 1h | 0.000005052 | +0.438% | $56.6M | $131.7M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Lighter 1000PEPE
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Hyperliquid kPEPE