Funding you earn now, next payment 00:00 UTC+0.0614%/8h= +67.2% APRnext payment +$0.77 per $10,000 · paid last 24h −0.086%
Price spread now: Aevo against Kraken Futures+0.048%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,172as in the Price arb table
costs, in and out, $10k−$1,17611.763% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.048%, 7d avg +0.004%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Aevo is 0.044% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.057%, 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 -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 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 | Kraken Futures PF_PEPEUSD | 0.000004796 | 0.0066 | pay 0.0008% / 1h | 42m 07s | $3.9M | $13.6M | 50x |
| Short | Aevo 1000PEPE-PERP | 0.000004798 | 0.0680 | get 0.0085% / 1h | 42m 07s | $136K | — | 3x |
Kraken Futures PF_PEPEUSD
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Kraken Futures. 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
- $128.84
- Price spread: +0.048% → +0.004%
- $4.4
- Slippage, 4 orders
- −$1,150.32
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$1,043.08
- Costs to cover
- 11.763%
- Break-even
- 63.7 days
Slippage from Kraken Futures: live order book, 2 min ago; Aevo: live order book, 37 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 Kraken Futures live order book, 2 min ago | 5.09 bp | 18.3 bp −$18 | 24.2 bp −$242 | 66.1 bp −$6,612 | doesn't fit |
| Sell Aevo live order book, 37 min ago | 275.11 bp | 584.0 bp −$584 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0250% | 1h | 0.000004789 | −0.140% | $66.8M | $89.7M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004797 | +0.024% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004792 | −0.073% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.0066% | 1h | 0.000004796 | long leg | $3.9M | $13.6M | 50x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004799 | +0.069% | $59K | $115K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004793 | −0.065% | $86.2M | $288.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004792 | −0.077% | $149.9M | $64.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004796 | +0.004% | $24.5M | $54.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004796 | +0.016% | $42.3M | $149.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004829 | +0.692% | $591K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004821 | +0.520% | $26K | $350K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004820 | +0.506% | $101K | $761K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004799 | +0.060% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004796 | +0.006% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004797 | +0.027% | $542K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0168% | 1h | 0.000004799 | +0.069% | $635K | $6.3M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004797 | +0.026% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0202% | 8h | 0.000004795 | −0.007% | $5K | $16 | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0211% | 8h | 0.000004797 | +0.027% | $41.6M | $497.7M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0212% | 8h | 0.000004798 | +0.039% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0232% | 1h | 0.000004795 | −0.015% | $549 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0333% | 8h | 0.000004801 | +0.110% | $3.9M | $22.3M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0366% / S −0.0410% | 1h | 0.000004000 | −16.592% | $42K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004797 | +0.027% | $568K | $25.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0413% | 8h | 0.000004797 | +0.021% | $30K | $12K | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004818 | +0.465% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0464% | 1h | 0.000004796 | −0.002% | $91K | $601K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0585% | 1h | 0.000004797 | +0.027% | $81K | $94K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0663% | 8h | 0.000004792 | −0.068% | $131.4M | $1.05B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0664% | 1h | 0.000004794 | −0.031% | $529K | $148K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0668% | 8h | 0.000004793 | −0.048% | — | $2.3M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0668% | 8h | 0.000004798 | +0.047% | $1.5M | $7.2M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0670% | 8h | 0.000004798 | +0.058% | $93.0M | $280.1M | 300x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0680% | 1h | 0.000004798 | +0.048% | $136K | — | 3x | |
| Nado kPEPE-PERP | +0.0834% | 1h | 0.000004796 | +0.008% | $184K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
BingX 1000PEPE-USDC
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Nado kPEPE-PERP