Funding you earn now, next payment 07:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.206%
Price spread now: Kraken Futures against OKX+0.264%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days+0.195%+$20 on $10k
+Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.264%, 7d avg −0.028%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.291% dearer against OKX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PEPE-USDT-SWAP | 0.000005146 | 0.0415 | pay 0.0415% / 8h | 1h 51m | $48.3M | $721.5M | 50x |
| Short | Kraken Futures PF_PEPEUSD | 0.000005160 | 0.0452 | get 0.0057% / 1h | 51m 39s | $4.7M | $16.8M | 50x |
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $7.85
- Price spread: +0.264% → −0.028%
- $29.12
- Slippage, 4 orders
- −$27.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$10.97
- Costs to cover
- 0.479%
- Break-even
- 16.8 days
Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago | 0.97 bp | 6.2 bp −$6 | 10.5 bp −$105 | 33.3 bp −$3,330 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 7.54 bp | 18.4 bp −$18 | 24.8 bp −$248 | 90.6 bp −$9,058 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005158 | +0.233% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005145 | −0.027% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005159 | +0.249% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005151 | +0.097% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005144 | −0.039% | $101.2M | $414.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005148 | +0.039% | $163.4M | $95.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005148 | +0.039% | $25.7M | $71.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005162 | +0.303% | $615K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005167 | +0.411% | $28K | $540K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005172 | +0.501% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005163 | +0.330% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005165 | +0.363% | $594K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005161 | +0.284% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0306% | 8h | 0.000005151 | +0.093% | $46.1M | $214.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005162 | +0.303% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0415% | 8h | 0.000005146 | long leg | $48.3M | $721.5M | 50x | |
| Kraken Futures PF_PEPEUSDshort | +0.0452% | 1h | 0.000005160 | +0.264% | $4.7M | $16.8M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0476% | 1h | 0.000005163 | +0.325% | $72K | $848K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0509% | 8h | 0.000005148 | +0.045% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0539% | 8h | 0.000005149 | +0.058% | $4.5M | $29.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0569% | 8h | 0.000005164 | +0.344% | $2.4M | $8.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0608% | 1h | 0.000005153 | +0.136% | $620K | $9.0M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0624% | 1h | 0.000005167 | +0.408% | $623 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005164 | +0.350% | $682K | $38.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0718% | 1h | 0.000005165 | +0.374% | $164K | $956K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0719% | 1h | 0.000005163 | +0.330% | $74K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0751% | 8h | 0.000005151 | +0.101% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0776% | 1h | 0.000005153 | +0.141% | $547K | $285K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0779% | 8h | 0.000005153 | +0.132% | $98.3M | $302.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0779% | 8h | 0.000005149 | +0.067% | $142.3M | $1.45B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000005160 | +0.272% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0797% | 8h | 0.000005152 | +0.112% | $1.8M | $11.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0918% | 1h | 0.000005152 | +0.117% | $55.0M | $154.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −2.837% | $63K | — | 100x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1244% | 1h | 0.000005189 | +0.836% | $157K | $818K | 25x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
ApeX Omni 1000PEPEUSDT