Funding you earn now, next payment 11:00 UTC+0.0482%/8h= +52.8% APRpaid last 24h −0.163%
Price spread now: Paradex against Kraken Futures+0.119%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Paradex is 0.119% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PEPEUSD | 0.000004949 | −0.0371 | get 0.0046% / 1h | 56m 57s | $4.6M | $16.5M | 50x |
| Short | Paradex kPEPE-USD-PERP | 0.000004955 | 0.0112 | get 0.0112% / 8h | 5h 56m | $6K | — | 20x |
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $101.25
- Price spread: +0.119% → 0.000%
- $11.9
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $99.15
- Costs to cover
- 0.140%
- Break-even
- 0.1 days
Slippage unknown: Kraken Futures: live order book, 5 min ago; Paradex: no order-book sample. Net counts fees only.
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 | 3.02 bp | 11.9 bp −$12 | 16.7 bp −$167 | 67.7 bp −$6,766 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PEPE on 35 exchanges
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 | −0.0371% | 1h | 0.000004949 | long leg | $4.6M | $16.5M | 50x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004956 | +0.129% | $25K | $18K | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004951 | +0.044% | $3K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004953 | +0.078% | $595K | $9.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004953 | +0.078% | $50.1M | $156.2M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004957 | +0.159% | $57K | $195K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004950 | +0.018% | $94.0M | $440.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004949 | −0.003% | $152.9M | $101.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004947 | −0.049% | $25.0M | $75.6M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004950 | +0.024% | $45.1M | $224.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004950 | +0.018% | $76K | $988K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004972 | +0.469% | $646K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004974 | +0.504% | $27K | $571K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004977 | +0.563% | $144K | $851K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004962 | +0.258% | $1K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004951 | +0.038% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004953 | +0.084% | $583K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004956 | +0.149% | $2.3M | $7.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERPshort | +0.0112% | 8h | 0.000004955 | +0.119% | $6K | — | 20x | |
| 01 Exchange kPEPEUSD | +0.0120% | 1h | 0.000004955 | +0.119% | $598 | $2K | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0149% | 8h | 0.000004952 | +0.058% | $44.4M | $721.4M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0154% | 1h | 0.000004954 | +0.098% | $57K | $115K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004949 | −0.007% | $7K | — | 15x | as long as short |
| Nado kPEPE-PERP | +0.0203% | 1h | 0.000004956 | +0.145% | $136K | $936K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0272% | 8h | 0.000004952 | +0.058% | $4.3M | $28.7M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004973 | +0.482% | $5K | $122K | 12x | as long as short |
| Binance 1000PEPEUSDT | +0.0301% | 8h | 0.000004948 | −0.023% | $127.9M | $1.52B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0304% | 8h | 0.000004947 | −0.034% | $1.8M | $12.4M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0304% | 1h | 0.000004949 | −0.011% | $519K | $285K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0304% | 1h | 0.000004950 | +0.018% | $140K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0307% | 8h | 0.000004943 | −0.126% | $101.5M | $294.4M | 300x | as long as short |
| BingX 1000PEPE-USDT | +0.0310% | 8h | 0.000004951 | +0.028% | — | $181.0M | — | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0352% | 8h | 0.000004952 | +0.062% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004953 | +0.078% | $691K | $38.5M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0839% / S −0.0953% | 1h | 0.000004000 | −19.178% | $51K | — | 100x | as long as short |
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
Reya kPEPERUSDPERP
Nado kPEPE-PERP
BloFin PEPE-USDT
Injective PEPE/USDC PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
BingX 1000PEPE-USDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]