Funding you earn now, next payment 05:00 UTC−0.0762%/8h= −83.4% APRnext payment −$0.95 per $10,000 · paid last 24h −0.127%
Price spread now: ApeX Omni against Kraken Futures+0.747%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs+$20as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.853%−$85 · spread now +0.747%, 7d avg −0.006%
=The price spread pays, funding is against you. ApeX Omni is 0.754% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.747% now, against its 7-day average of −0.006%): +$75 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.083% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.95 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 | 0.000005205 | 0.1569 | pay 0.0196% / 1h | 14m 57s | $4.8M | $16.4M | 50x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000005244 | 0.0807 | get 0.0101% / 1h | 14m 57s | $161K | $810K | 25x |
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- −$160.03
- Price spread: +0.747% → −0.006%
- $75.35
- Slippage, 4 orders
- −$35.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$139.77
- Costs to cover
- 0.551%
- Break-even
- from the start
Slippage from Kraken Futures: live order book, 4 min ago; ApeX Omni: live order book, 39 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, 4 min ago | 7.65 bp | 17.4 bp −$17 | 27.1 bp −$271 | 88.7 bp −$8,871 | doesn't fit |
| Sell ApeX Omni live order book, 39 min ago | 4.06 bp | 11.6 bp −$12 | 94.4 bp −$944 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005219 | +0.268% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005201 | −0.073% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +2.342% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005223 | +0.344% | $65K | $163K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005205 | +0.004% | $105.7M | $384.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005201 | −0.079% | $171.4M | $89.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005206 | +0.009% | $26.0M | $68.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005212 | +0.124% | $663K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005246 | +0.788% | $29K | $535K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005209 | +0.080% | $1K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
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 | 0.000005213 | +0.150% | $587K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005222 | +0.322% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0319% | 8h | 0.000005208 | +0.063% | $50.6M | $191.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0327% | 1h | 0.000005203 | −0.041% | $74K | $126K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0401% | 8h | 0.000005206 | +0.013% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0430% | 8h | 0.000005209 | +0.075% | $50.2M | $676.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0450% | 1h | 0.000005207 | +0.036% | $2K | $10K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0492% | 8h | 0.000005229 | +0.451% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0560% | 8h | 0.000005210 | +0.094% | $4.8M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0675% | 8h | 0.000005213 | +0.148% | $2.5M | $7.6M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005210 | +0.094% | $717K | $36.3M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0774% | 8h | 0.000005210 | +0.100% | — | $235.8M | — | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0807% | 1h | 0.000005244 | +0.747% | $161K | $810K | 25x | |
| Extended 1000PEPE-USD | +0.0816% | 1h | 0.000005205 | −0.003% | $553K | $236K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0816% | 1h | 0.000005208 | +0.056% | $147K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0817% | 8h | 0.000005207 | +0.046% | $98.8M | $296.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0818% | 8h | 0.000005207 | +0.032% | $149.9M | $1.34B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0855% | 1h | 0.000005227 | +0.411% | $188K | $918K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0912% | 8h | 0.000005209 | +0.068% | $1.8M | $10.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005232 | +0.517% | $631 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0986% / S −0.1983% | 1h | 0.000005000 | −3.941% | $64K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.1136% | 1h | 0.000005216 | +0.209% | $621K | $8.8M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1142% | 1h | 0.000005208 | +0.056% | $68K | $724K | 15x | as long as short |
| Hyperliquid kPEPE | +0.1519% | 1h | 0.000005211 | +0.113% | $56.6M | $146.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.1569% | 1h | 0.000005205 | long leg | $4.8M | $16.4M | 50x |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE