Funding you earn now, next payment 22:00 UTC−0.0485%/8h= −53.1% APRnext payment −$0.61 per $10,000 · paid last 24h +0.036%
Price spread now: Kraken Futures against 01 Exchange−0.210%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 0.210% cheaper against 01 Exchange than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange kPEPEUSD | 0.000004859 | 0.1240 | pay 0.0155% / 1h | 21m 50s | $557 | $2K | 10x |
| Short | Kraken Futures PF_PEPEUSD | 0.000004849 | 0.0755 | get 0.0094% / 1h | 21m 50s | $3.9M | $13.0M | 50x |
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against 01 Exchange. 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
- −$101.81
- Price spread: −0.210% → 0.000%
- −$21.01
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$139.82
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 2 min ago. 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 2 min ago | 8.55 bp | 13.7 bp −$14 | 19.4 bp −$194 | 107.1 bp −$10.7K | doesn't fit |
01 Exchange: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004845 | −0.290% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004843 | −0.331% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004845 | −0.288% | $58.0M | $71.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004847 | −0.247% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004852 | −0.144% | $88.6M | $274.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004849 | −0.206% | $151.4M | $62.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004853 | −0.115% | $25.2M | $53.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004837 | −0.446% | $705K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004818 | −0.845% | $27K | $337K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004856 | −0.070% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004858 | −0.025% | $559K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0151% | 8h | 0.000004853 | −0.123% | $41.6M | $490.0M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0179% | 8h | 0.000004851 | −0.161% | $42.9M | $152.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004852 | −0.139% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0268% | 8h | 0.000004854 | −0.103% | $3.9M | $21.9M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −17.679% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0397% | 8h | 0.000004853 | −0.123% | $30K | $11K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0462% | 8h | 0.000004846 | −0.259% | $2.3M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004843 | −0.329% | $580K | $25.3M | 50x | as long as short |
| Lighter 1000PEPE | +0.0472% | 1h | 0.000004853 | −0.123% | $618K | $5.2M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0473% | 8h | 0.000004850 | −0.182% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004866 | +0.144% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0659% | 1h | 0.000004849 | −0.200% | $93K | $623K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0692% | 1h | 0.000004854 | −0.098% | $192K | $847K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0736% | 1h | 0.000004809 | −1.029% | $100K | $760K | 25x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0755% | 1h | 0.000004849 | −0.210% | $3.9M | $13.0M | 50x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0782% | 1h | 0.000004851 | −0.165% | $82K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0784% | 8h | 0.000004855 | −0.091% | — | $2.3M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0818% | 1h | 0.000004849 | −0.206% | $2K | $9K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0848% | 1h | 0.000004855 | −0.082% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0849% | 8h | 0.000004860 | +0.027% | $91.7M | $290.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0853% | 8h | 0.000004854 | −0.105% | $129.2M | $1.02B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0856% | 1h | 0.000004846 | −0.267% | $534K | $147K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0891% | 8h | 0.000004852 | −0.150% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSDlong | +0.1240% | 1h | 0.000004859 | long leg | $557 | $2K | 10x |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
SoDEX 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT