PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.105%

Price spread now: Kraken Futures against Reya+0.006%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kPEPERUSDPERP	0.000004725	0.0189	pay 0.0024% / 1h	14m 07s	$7K	—	15x
Short	Kraken Futures PF_PEPEUSD	0.000004725	0.0067	get 0.0008% / 1h	14m 07s	$3.8M	$13.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Reya. 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

Position, each leg$Hold fordaysFee ReyabpFee Kraken FuturesbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$25.45
Price spread: +0.006% → 0.000%: $0.55
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$40.9
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 5 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	6.54 bp	13.1 bp −$13	16.1 bp −$161	70.2 bp −$7,024	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0285%	1h	0.000004718	−0.141%	$68.5M	$95.8M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004722	−0.063%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004722	−0.054%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSDshort	+0.0067%	1h	0.000004725	+0.006%	$3.8M	$13.8M	50x
Pacifica kPEPE	+0.0100%	1h	0.000004726	+0.028%	$55K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004724	−0.016%	$86.3M	$292.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004721	−0.078%	$148.9M	$64.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004724	−0.012%	$24.0M	$54.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004724	−0.014%	$41.8M	$150.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004736	+0.236%	$570K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004738	+0.292%	$25K	$351K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004735	+0.219%	$98K	$756K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004736	+0.248%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004728	+0.070%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004727	+0.058%	$533K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0144%	1h	0.000004729	+0.092%	$574K	$6.5M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0174%	8h	0.000004726	+0.034%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0188%	8h	0.000004725	+0.009%	$2.3M	$6.5M	50x	as long as short
Reya kPEPERUSDPERPlong	+0.0189%	1h	0.000004725	long leg	$7K	—	15x
OKX PEPE-USDT-SWAP	+0.0204%	8h	0.000004727	+0.049%	$41.4M	$493.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.0296%	1h	0.000004730	+0.113%	$542	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0323%	8h	0.000004725	+0.007%	$3.8M	$22.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0361%	8h	0.000004731	+0.126%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0387% / S −0.0312%	1h	0.000004000	−15.338%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004736	+0.240%	$581K	$25.4M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004748	+0.494%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0546%	1h	0.000004727	+0.043%	$90K	$601K	15x	as long as short
BingX 1000PEPE-USDT	+0.0561%	8h	0.000004724	−0.012%	—	$257.2M	—	as long as short
Aster 1000PEPEUSDT	+0.0575%	8h	0.000004725	+0.014%	$1.5M	$7.3M	50x	as long as short
MEXC PEPE_USDT	+0.0581%	8h	0.000004724	−0.012%	$87.4M	$282.4M	300x	as long as short
Binance 1000PEPEUSDT	+0.0582%	8h	0.000004725	+0.005%	$131.7M	$1.07B	75x	as long as short
Extended 1000PEPE-USD	+0.0584%	1h	0.000004726	+0.037%	$521K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0584%	1h	0.000004727	+0.049%	$134K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0597%	1h	0.000004728	+0.070%	$76K	$98K	25x	as long as short
Nado kPEPE-PERP	+0.0634%	1h	0.000004726	+0.027%	$179K	$850K	10x	as long as short