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Funding arb · Price arb /

PEPE

all PEPE markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC+0.0583%/8h= +63.9% APRpaid last 24h −0.099%
Price spread now: Binance against Kraken Futures+0.321%7-day average +0.029% · 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−$26as in the Price arb table
costs, in and out, $10k−$560.556% of the position
Long on Kraken FuturesShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.072%−$7 on $10k
Price spread, last 3 days (all we have)−0.331%−$33 · spread now +0.321%, 7d avg +0.029%
Together, before fees−0.403%−$40 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Binance is 0.292% dearer against Kraken Futures than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, 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 -0.072% in total (about -3.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PEPEUSD0.000004971−0.0118get 0.0015% / 1h0m 47s$3.9M$14.3M50x
ShortBinance 1000PEPEUSDT0.0000049870.0466get 0.0466% / 8h7h 00m$137.3M$1.14B75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$122.48
Price spread: +0.321% → +0.029%
$29.22
Slippage, 4 orders
−$35.56
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$96.14
Costs to cover
0.556%
Break-even
1.5 days
Slippage from Kraken Futures: live order book, 3 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago8.07 bp23.7 bp −$2432.9 bp −$329123.3 bp −$12.3Kdoesn't fit
Sell Binance live order book, 13 min ago0.20 bp8.4 bp −$814.5 bp −$14546.5 bp −$4,652doesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEPEUSDlong−0.0118%1h0.000004971long leg$3.9M$14.3M50x
dYdX PEPE-USD0.0000%1h0.000004989+0.355%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004974+0.059%$3K—150xas long as short
Pacifica kPEPE+0.0100%1h0.000004990+0.373%$59K$120K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004987+0.318%$95.3M$312.9M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004975+0.071%$160.1M$69.8M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004981+0.192%$25.0M$58.2M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004991+0.401%$44.3M$156.6M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004975+0.064%$544K$4.5M—as long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005028+1.129%$46K$387K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX 1000PEPE-USDT+0.0100%8h0.000004985+0.272%$2K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004979+0.151%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004975+0.067%$557K$3.5M75xas long as short
Phemex u1000PEPEUSDT+0.0100%8h0.000004974+0.059%$2.4M$6.8M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0154%1h0.000005019+0.956%$110K$751K25xas long as short
OKX PEPE-USDT-SWAP+0.0188%8h0.000004990+0.373%$44.0M$545.7M50xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004978+0.122%$8K—15xas long as short
Orderly PERP_1000PEPE_USDC+0.0270%8h0.000004980+0.172%$32K$22K20xas long as short
BloFin PEPE-USDT+0.0308%8h0.000004979+0.151%$4.2M$24.3M75xas long as short
Paradex kPEPE-USD-PERP+0.0312%8h0.000004989+0.347%$6K$1620xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0353%1h0.000004975+0.071%$60K$114K25xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0368%1h0.000004979+0.151%$640K$27.9M50xas long as short
BingX 1000PEPE-USDT+0.0452%8h0.000004978+0.137%—$257.8M—as long as short
Binance 1000PEPEUSDTshort+0.0466%8h0.000004987+0.321%$137.3M$1.14B75x
MEXC PEPE_USDT+0.0470%8h0.000004995+0.473%$95.5M$293.8M300xas long as short
Extended 1000PEPE-USD+0.0472%1h0.000004978+0.133%$546K$199K25xas long as short
Aevo 1000PEPE-PERP+0.0472%1h0.000004996+0.493%$141K—3xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0500% / S −0.0407%1h0.000004000−19.541%$62K—100xas long as short
Aster 1000PEPEUSDT+0.0525%8h0.000004981+0.185%$1.7M$7.8M50xas long as short
Nado kPEPE-PERP+0.0613%1h0.000004978+0.126%$184K$867K10xas long as short
Injective PEPE/USDC PERP+0.0636%1h0.000005004+0.654%$4K$102K12xas long as short
Lighter 1000PEPE+0.0656%1h0.000004995+0.473%$644K$6.9M10xas long as short
Backpack kPEPE_USDC_PERP+0.0658%1h0.000004974+0.061%$98K$607K15xas long as short
01 Exchange kPEPEUSD+0.0672%1h0.000004994+0.453%$1K$2K10xas long as short
Hyperliquid kPEPE+0.2313%1h0.000004995+0.473%$55.4M$133.5M10xas long as short