Funding you earn now, next payment 04:00 UTC+0.0777%/8h= +85.1% APRpaid last 24h +0.127%
Price spread now: Kraken Futures against BloFin−0.289%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$500.496% of the position
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 4 days (all we have)+0.363%+$36 · spread now −0.289%, 7d avg +0.019%
=Funding pays, the price is against you. Kraken Futures is 0.308% cheaper against BloFin than usual: you would sell low and buy high (spread −0.289% now, against its 7-day average of +0.019%). If the spread goes back, that is −$31 on $10k: about 32 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.095% in total (about -4.9% 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 | BloFin PEPE-USDT | 0.000005162 | 0.0488 | pay 0.0488% / 8h | 4h 37m | $4.3M | $26.0M | 75x |
| Short | Kraken Futures PF_PEPEUSD | 0.000005147 | 0.1265 | get 0.0158% / 1h | 37m 13s | $4.6M | $15.6M | 50x |
BloFin PEPE-USDT
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $163.17
- Price spread: −0.289% → +0.019%
- −$30.75
- Slippage, 4 orders
- −$27.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $82.83
- Costs to cover
- 0.496%
- Break-even
- 3.4 days
Slippage from BloFin: live order book, 7 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 BloFin live order book, 7 min ago | 1.97 bp | 8.0 bp −$8 | 8.7 bp −$87 | 21.4 bp −$2,144 | 85.1 bp −$42.5K |
| Sell Kraken Futures live order book, 2 min ago | 5.86 bp | 17.1 bp −$17 | 21.9 bp −$219 | 106.3 bp −$10.6K | 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 | 0.000005130 | −0.619% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005138 | −0.461% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005140 | −0.426% | $66K | $141K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005162 | −0.002% | $101.0M | $348.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005143 | −0.368% | $170.9M | $76.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005138 | −0.475% | $26.3M | $64.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005091 | −1.384% | $688K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005108 | −1.044% | $36K | $457K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005156 | −0.112% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005153 | −0.167% | $593K | $3.7M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0180% | 8h | 0.000005144 | −0.339% | $46.8M | $175.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005142 | −0.379% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005127 | −0.678% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0337% | 8h | 0.000005143 | −0.366% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0370% | 8h | 0.000005142 | −0.387% | $46.8M | $611.4M | 50x | as long as short |
| BloFin PEPE-USDTlong | +0.0488% | 8h | 0.000005162 | long leg | $4.3M | $26.0M | 75x | |
| Phemex u1000PEPEUSDT | +0.0562% | 8h | 0.000005160 | −0.041% | $2.4M | $7.1M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0664% | 8h | 0.000005143 | −0.368% | — | $262.0M | — | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005149 | −0.252% | $984K | $32.5M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0679% / S −0.0935% | 1h | 0.000005000 | −3.138% | $46K | — | 100x | as long as short |
| Aevo 1000PEPE-PERP | +0.0696% | 1h | 0.000005132 | −0.581% | $145K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0701% | 8h | 0.000005145 | −0.322% | $95.2M | $288.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0702% | 8h | 0.000005161 | −0.014% | $146.3M | $1.23B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0704% | 1h | 0.000005145 | −0.327% | $544K | $226K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0766% | 1h | 0.000005143 | −0.369% | $202K | $881K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0795% | 8h | 0.000005144 | −0.351% | $1.8M | $9.3M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0802% | 1h | 0.000005148 | −0.271% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0806% | 1h | 0.000005105 | −1.104% | $101K | $743K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0818% | 8h | 0.000005141 | −0.399% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0968% | 1h | 0.000005152 | −0.194% | $584K | $8.2M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0981% | 1h | 0.000005135 | −0.525% | $101K | $657K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.1080% | 1h | 0.000005158 | −0.077% | $622 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.1265% | 1h | 0.000005147 | −0.289% | $4.6M | $15.6M | 50x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1308% | 1h | 0.000005143 | −0.368% | $73K | $124K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1505% | 1h | 0.000005146 | −0.310% | $55.3M | $140.5M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Nado kPEPE-PERP
Aster 1000PEPEUSDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE