PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0298%/8h= +32.6% APRnext payment +$0.37 per $10,000 · paid last 24h +0.074%

Price spread now: Kraken Futures against Extended+0.030%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)+0.069%+$7 · spread now +0.030%, 7d avg +0.027%

Together, before fees+0.108%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. 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	Extended 1000PEPE-USD	0.000005043	0.0528	pay 0.0066% / 1h	17m 12s	$554K	$199K	25x
Short	Kraken Futures PF_PEPEUSD	0.000005045	0.0826	get 0.0103% / 1h	17m 12s	$4.0M	$14.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.030%Rate

Funding earned: $62.48
Price spread: +0.030% → +0.027%: $0.32
Slippage, 4 orders: −$35.18
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $12.63
Costs to cover: 0.502%
Break-even: 5.6 days

Slippage from Extended: live order book, 51 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 Extended live order book, 51 min ago	2.95 bp	7.4 bp −$7	42.1 bp −$421	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	7.33 bp	16.3 bp −$16	19.3 bp −$193	78.5 bp −$7,853	doesn't fit

PEPE on 34 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	0.000005038	−0.095%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005038	−0.113%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005043	−0.006%	$61K	$126K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005040	−0.065%	$97.6M	$324.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005040	−0.065%	$161.8M	$71.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005046	+0.044%	$25.4M	$60.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005043	−0.014%	$45.4M	$162.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005056	+0.243%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005039	−0.089%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005045	+0.028%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005041	−0.036%	$566K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005044	+0.015%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0242%	8h	0.000005044	+0.014%	$45.0M	$568.8M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0281%	8h	0.000005041	−0.038%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0333%	1h	0.000005041	−0.046%	$106K	$747K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005053	+0.192%	$746K	$29.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0498%	8h	0.000005043	−0.002%	—	$259.1M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0517% / S −0.0546%	1h	0.000005000	−0.859%	$56K	—	100x	as long as short
MEXC PEPE_USDT	+0.0525%	8h	0.000005048	+0.099%	$94.5M	$291.2M	300x	as long as short
Extended 1000PEPE-USDlong	+0.0528%	1h	0.000005043	long leg	$554K	$199K	25x
Aevo 1000PEPE-PERP	+0.0528%	1h	0.000005042	−0.026%	$143K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0529%	8h	0.000005044	+0.004%	$142.1M	$1.17B	75x	as long as short
Phemex u1000PEPEUSDT	+0.0536%	8h	0.000005045	+0.038%	$2.4M	$7.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0566%	1h	0.000005046	+0.054%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0592%	8h	0.000005043	+0.001%	$6K	$16	20x	as long as short
Aster 1000PEPEUSDT	+0.0625%	8h	0.000005047	+0.068%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0653%	1h	0.000005040	−0.059%	$180K	$881K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0742%	1h	0.000005044	+0.014%	$61K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSDshort	+0.0826%	1h	0.000005045	+0.030%	$4.0M	$14.5M	50x
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+1.085%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0919%	1h	0.000005045	+0.036%	$98K	$618K	15x	as long as short
01 Exchange kPEPEUSD	+0.0952%	1h	0.000005044	+0.014%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1656%	1h	0.000005058	+0.291%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2135%	1h	0.000005052	+0.172%	$55.6M	$136.0M	10x	as long as short