Funding you earn now, next payment 06:00 UTC+0.0443%/8h= +48.5% APRpaid last 24h +0.194%
Price spread now: Kraken Futures against OKX+0.022%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days+0.182%+$18 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.022%, 7d avg 0.000%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.022% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of 0.000%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.182% in total (about 9.5% 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 | OKX PEPE-USDT-SWAP | 0.000005015 | 0.0409 | pay 0.0409% / 8h | 2h 52m | $46.2M | $676.9M | 50x |
| Short | Kraken Futures PF_PEPEUSD | 0.000005016 | 0.0851 | get 0.0106% / 1h | 52m 06s | $4.6M | $16.7M | 50x |
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $92.97
- Price spread: +0.022% → 0.000%
- $2.16
- Slippage, 4 orders
- −$25.38
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $49.76
- Costs to cover
- 0.454%
- Break-even
- 3.3 days
Slippage from OKX: live order book, 2 min ago; Kraken Futures: 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 OKX live order book, 2 min ago | 1.00 bp | 7.3 bp −$7 | 11.5 bp −$115 | 35.1 bp −$3,506 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 4.82 bp | 14.7 bp −$15 | 21.8 bp −$218 | 90.1 bp −$9,014 | 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 | 0.000005001 | −0.288% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005007 | −0.164% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005005 | −0.199% | $63K | $165K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005013 | −0.046% | $98.7M | $399.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005016 | +0.020% | $161.3M | $92.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005019 | +0.074% | $25.0M | $70.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004979 | −0.725% | $597K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004977 | −0.749% | $27K | $536K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005018 | +0.060% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005013 | −0.032% | $562K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005012 | −0.060% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0344% | 8h | 0.000005008 | −0.140% | $45.1M | $207.8M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0352% | 1h | 0.000005015 | 0.000% | $2K | $10K | 10x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0409% | 8h | 0.000005015 | long leg | $46.2M | $676.9M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0415% | 8h | 0.000005012 | −0.050% | $33K | $27K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0531% | 8h | 0.000004989 | −0.518% | $4.7M | $27.6M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0544% | 8h | 0.000005010 | −0.100% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0608% | 1h | 0.000005025 | +0.199% | $604K | $9.0M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0613% | 1h | 0.000005018 | +0.068% | $73K | $826K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000005016 | +0.020% | $605 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005024 | +0.179% | $626K | $36.5M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0697% | 8h | 0.000005025 | +0.191% | $2.4M | $7.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0778% | 8h | 0.000005015 | +0.004% | — | $238.2M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005016 | +0.020% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0806% | 8h | 0.000005022 | +0.132% | $97.2M | $298.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0807% | 8h | 0.000005019 | +0.084% | $142.2M | $1.39B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005010 | −0.103% | $530K | $262K | 25x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0851% | 1h | 0.000005016 | +0.022% | $4.6M | $16.7M | 50x | |
| Aster 1000PEPEUSDT | +0.0876% | 8h | 0.000005018 | +0.058% | $1.7M | $10.9M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0897% | 1h | 0.000005014 | −0.010% | $167K | $939K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0949% | 1h | 0.000005012 | −0.060% | $71K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1001% | 1h | 0.000005024 | +0.179% | $53.1M | $150.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1046% / S −0.1629% | 1h | 0.000005000 | −0.299% | $67K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005327 | +6.221% | $3K | $111K | 12x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.2033% | 1h | 0.000004976 | −0.778% | $153K | $812K | 25x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP
ApeX Omni 1000PEPEUSDT