Funding you earn now, next payment 06:00 UTC−0.0751%/8h= −82.3% APRnext payment −$0.94 per $10,000 · paid last 24h −0.203%
Price spread now: Pacifica against Kraken Futures−0.015%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$670.668% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.015%, 7d avg +0.045%
=Together, before fees−0.209%+ Points / potential airdropPacifica: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Pacifica is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.94 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 | 0.000005017 | 0.0851 | pay 0.0106% / 1h | 48m 48s | $4.6M | $16.7M | 50x |
| Short | Pacifica kPEPE | 0.000005016 | 0.0100 | get 0.0013% / 1h | 48m 48s | $58K | $176K | 10x |
Kraken Futures PF_PEPEUSD
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$157.76
- Price spread: −0.015% → +0.045%
- −$5.98
- Slippage, 4 orders
- −$48.82
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$230.55
- Costs to cover
- 0.668%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Pacifica: live order book, 64 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, 5 min ago | 4.82 bp | 16.0 bp −$16 | 27.7 bp −$277 | 70.2 bp −$7,019 | doesn't fit |
| Sell Pacifica live order book, 64 min ago | 7.49 bp | 20.1 bp −$20 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005009 | −0.152% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005009 | −0.160% | $3K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005016 | −0.015% | $58K | $176K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005023 | +0.133% | $98.8M | $400.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005018 | +0.025% | $161.1M | $92.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005024 | +0.135% | $25.1M | $70.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005035 | +0.356% | $596K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004979 | −0.744% | $27K | $536K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005022 | +0.113% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005014 | −0.053% | $560K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005014 | −0.059% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0277% | 1h | 0.000005020 | +0.065% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0343% | 8h | 0.000005028 | +0.224% | $45.6M | $208.6M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0411% | 8h | 0.000005029 | +0.244% | $46.5M | $680.1M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0414% | 8h | 0.000005018 | +0.017% | $33K | $27K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0532% | 8h | 0.000005020 | +0.065% | $4.7M | $27.8M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0544% | 8h | 0.000005019 | +0.041% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0548% | 1h | 0.000005018 | +0.025% | $72K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0652% | 1h | 0.000005023 | +0.129% | $73K | $826K | 15x | as long as short |
| Lighter 1000PEPE | +0.0680% | 1h | 0.000005041 | +0.484% | $603K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005016 | −0.015% | $618K | $36.6M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0688% | 8h | 0.000005017 | +0.009% | $2.4M | $7.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0696% | 1h | 0.000005017 | +0.005% | $605 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0766% | 8h | 0.000005026 | +0.189% | — | $238.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005021 | +0.090% | $533K | $262K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0808% | 1h | 0.000005037 | +0.404% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0809% | 8h | 0.000005029 | +0.238% | $142.4M | $1.39B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0809% | 8h | 0.000005020 | +0.073% | $97.2M | $298.7M | 300x | as long as short |
| Nado kPEPE-PERP | +0.0814% | 1h | 0.000005017 | +0.008% | $169K | $940K | 10x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.0851% | 1h | 0.000005017 | long leg | $4.6M | $16.7M | 50x | |
| Aster 1000PEPEUSDT | +0.0881% | 8h | 0.000005025 | +0.168% | $1.7M | $11.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0914% | 1h | 0.000005024 | +0.145% | $154K | $812K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1054% / S −0.1955% | 1h | 0.000005000 | −0.334% | $64K | — | 100x | as long as short |
| Hyperliquid kPEPE | +0.1080% | 1h | 0.000005033 | +0.324% | $53.4M | $150.6M | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005013 | −0.075% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Hyperliquid kPEPE
Injective PEPE/USDC PERP