Funding you earn now, next payment 07:00 UTC−0.0177%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h +0.142%
Price spread now: Kraken Futures against ApeX Omni−0.207%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$540.543% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.207%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.181% cheaper against ApeX Omni than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.099%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni 1000PEPEUSDT | 0.000005167 | 0.0629 | pay 0.0079% / 1h | 51m 18s | $156K | $820K | 25x |
| Short | Kraken Futures PF_PEPEUSD | 0.000005156 | 0.0453 | get 0.0057% / 1h | 51m 18s | $4.7M | $16.8M | 50x |
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. 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
- −$37.08
- Price spread: −0.207% → −0.026%
- −$18.11
- Slippage, 4 orders
- −$34.3
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$109.48
- Costs to cover
- 0.543%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 58 min ago; Kraken Futures: live order book, 3 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 ApeX Omni live order book, 58 min ago | 1.29 bp | 12.5 bp −$12 | 64.2 bp −$642 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 7.54 bp | 18.4 bp −$18 | 24.8 bp −$248 | 90.6 bp −$9,058 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005159 | −0.155% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005145 | −0.433% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005158 | −0.176% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005151 | −0.310% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005162 | −0.089% | $101.6M | $414.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005159 | −0.155% | $163.9M | $95.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005160 | −0.145% | $25.8M | $71.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005162 | −0.105% | $615K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005165 | −0.032% | $28K | $540K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005172 | +0.099% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005161 | −0.116% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005165 | −0.045% | $594K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005162 | −0.093% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0306% | 8h | 0.000005160 | −0.132% | $46.2M | $214.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005160 | −0.126% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0416% | 8h | 0.000005162 | −0.097% | $48.4M | $724.0M | 50x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0453% | 1h | 0.000005156 | −0.207% | $4.7M | $16.8M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0476% | 1h | 0.000005163 | −0.083% | $72K | $848K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0509% | 8h | 0.000005148 | −0.361% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0539% | 8h | 0.000005149 | −0.348% | $4.5M | $29.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0569% | 8h | 0.000005164 | −0.064% | $2.4M | $8.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0608% | 1h | 0.000005153 | −0.271% | $620K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005164 | −0.058% | $682K | $38.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0629% | 1h | 0.000005167 | long leg | $156K | $820K | 25x | |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005159 | −0.155% | $622 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0711% | 1h | 0.000005164 | −0.058% | $164K | $956K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0719% | 1h | 0.000005163 | −0.077% | $74K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0749% | 8h | 0.000005160 | −0.126% | — | $217.5M | — | as long as short |
| Extended 1000PEPE-USD | +0.0776% | 1h | 0.000005160 | −0.134% | $547K | $285K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0776% | 1h | 0.000005160 | −0.135% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0779% | 8h | 0.000005158 | −0.166% | $98.5M | $302.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0779% | 8h | 0.000005164 | −0.056% | $142.7M | $1.45B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0797% | 8h | 0.000005160 | −0.131% | $1.8M | $11.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0952% | 1h | 0.000005167 | 0.000% | $55.2M | $154.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.232% | $63K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]