PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0121%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.105%

Price spread now: Reya against Kraken Futures−0.020%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.020% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PEPEUSD	0.000004738	0.0067	pay 0.0008% / 1h	21m 50s	$3.8M	$13.7M	50x
Short	Reya kPEPERUSDPERP	0.000004737	0.0189	get 0.0024% / 1h	21m 50s	$7K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.020%Rate

Funding earned: $25.49
Price spread: −0.020% → 0.000%: −$2.02
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $7.47
Costs to cover: 0.160%
Break-even: 4.9 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; Reya: 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, 2 min ago	4.54 bp	21.9 bp −$22	27.7 bp −$277	71.5 bp −$7,150	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 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
Hyperliquid kPEPE	−0.0206%	1h	0.000004734	−0.093%	$66.8M	$93.8M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004733	−0.107%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004734	−0.098%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSDlong	+0.0067%	1h	0.000004738	long leg	$3.8M	$13.7M	50x
Pacifica kPEPE	+0.0100%	1h	0.000004735	−0.072%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004740	+0.033%	$86.0M	$291.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004738	−0.009%	$149.0M	$64.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004739	+0.021%	$24.2M	$54.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004741	+0.059%	$41.9M	$150.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004753	+0.307%	$536K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004750	+0.236%	$25K	$349K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004745	+0.139%	$99K	$754K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004748	+0.194%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004740	+0.033%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004739	+0.010%	$534K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0120%	1h	0.000004742	+0.076%	$583K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0178%	8h	0.000004736	−0.047%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERPshort	+0.0189%	1h	0.000004737	−0.020%	$7K	—	15x
Phemex u1000PEPEUSDT	+0.0200%	8h	0.000004737	−0.038%	$2.3M	$6.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0201%	8h	0.000004743	+0.097%	$41.1M	$494.2M	50x	as long as short
01 Exchange kPEPEUSD	+0.0272%	1h	0.000004740	+0.033%	$543	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0322%	8h	0.000004749	+0.223%	$3.9M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0378%	8h	0.000004738	−0.017%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0383% / S −0.0439%	1h	0.000004000	−15.584%	$42K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004736	−0.051%	$578K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004755	+0.350%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0569%	1h	0.000004743	+0.088%	$90K	$602K	15x	as long as short
BingX 1000PEPE-USDT	+0.0582%	8h	0.000004741	+0.063%	—	$257.0M	—	as long as short
Aster 1000PEPEUSDT	+0.0593%	8h	0.000004740	+0.040%	$1.5M	$7.3M	50x	as long as short
Binance 1000PEPEUSDT	+0.0598%	8h	0.000004742	+0.082%	$130.7M	$1.06B	75x	as long as short
MEXC PEPE_USDT	+0.0599%	8h	0.000004743	+0.097%	$88.5M	$281.9M	300x	as long as short
Extended 1000PEPE-USD	+0.0600%	1h	0.000004741	+0.050%	$521K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0608%	1h	0.000004739	+0.012%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0653%	1h	0.000004741	+0.048%	$181K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0806%	1h	0.000004741	+0.054%	$76K	$98K	25x	as long as short