PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.151%

Price spread now: Kraken Futures against ApeX Omni−1.560%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+1.754%+$175 · spread now −1.560%, 7d avg −0.018%

Together, before fees+1.868%+$187 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 1.542% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −1.560% now, against its 7-day average of −0.018%). If the spread goes back, that is −$154 on $10k: about 30 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.114% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000PEPEUSDT	0.000005049	0.0468	pay 0.0059% / 1h	21m 09s	$148K	$839K	25x
Short	Kraken Futures PF_PEPEUSD	0.000004970	0.0638	get 0.0080% / 1h	21m 09s	$4.6M	$17.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −1.560%Rate

Funding earned: $35.68
Price spread: −1.560% → −0.018%: −$154.15
Slippage, 4 orders: −$35.6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$174.08
Costs to cover: 0.556%
Break-even: 41.2 days

Slippage from ApeX Omni: live order book, 13 min ago; Kraken Futures: live order book, 3 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 ApeX Omni live order book, 13 min ago	2.86 bp	10.3 bp −$10	77.1 bp −$771	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	5.65 bp	21.9 bp −$22	26.6 bp −$266	114.3 bp −$11.4K	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
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005078	+0.574%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004955	−1.862%	$58K	$188K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004969	−1.575%	$96.5M	$445.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004966	−1.644%	$155.9M	$101.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004995	−1.079%	$641K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005050	+0.022%	$35K	$558K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004977	−1.432%	$1K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004969	−1.592%	$577K	$4.3M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0104%	1h	0.000004971	−1.545%	$2K	$11K	10x	as long as short
Injective PEPE/USDC PERP	+0.0147%	1h	0.000004989	−1.188%	$6K	$121K	12x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0162%	8h	0.000004977	−1.424%	$26.0M	$75.1M	75x	as long as short
Bitget PEPEUSDT	+0.0182%	8h	0.000004971	−1.535%	$44.8M	$225.7M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004964	−1.678%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0321%	8h	0.000004975	−1.466%	$45.9M	$737.9M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0353%	1h	0.000004975	−1.466%	$71K	$125K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0392%	8h	0.000004953	−1.903%	$6K	—	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0393%	1h	0.000005078	+0.566%	$93K	$911K	15x	as long as short
Hyperliquid kPEPE	+0.0408%	1h	0.000004961	−1.743%	$51.4M	$161.1M	10x	as long as short
BloFin PEPE-USDT	+0.0441%	8h	0.000004971	−1.545%	$4.4M	$30.0M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0442%	8h	0.000004975	−1.458%	$32K	$30K	20x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0468%	1h	0.000005049	long leg	$148K	$839K	25x
Coinbase International 1000PEPE-PERP-INTX	+0.0504%	1h	0.000004976	−1.446%	$692K	$39.4M	50x	as long as short
01 Exchange kPEPEUSD	+0.0536%	1h	0.000004926	−2.436%	$594	$2K	10x	as long as short
Lighter 1000PEPE	+0.0592%	1h	0.000004970	−1.565%	$585K	$9.1M	10x	as long as short
Phemex u1000PEPEUSDT	+0.0594%	8h	0.000004972	−1.527%	$2.3M	$8.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0618%	8h	0.000004970	−1.571%	—	$2.3M	—	as long as short
Kraken Futures PF_PEPEUSDshort	+0.0638%	1h	0.000004970	−1.560%	$4.6M	$17.0M	50x
Extended 1000PEPE-USD	+0.0640%	1h	0.000004975	−1.470%	$519K	$286K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0640%	1h	0.000004986	−1.248%	$141K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0643%	8h	0.000004967	−1.614%	$135.8M	$1.54B	75x	as long as short
MEXC PEPE_USDT	+0.0643%	8h	0.000004971	−1.555%	$97.6M	$311.1M	300x	as long as short
Aster 1000PEPEUSDT	+0.0667%	8h	0.000004977	−1.429%	$1.7M	$12.2M	50x	as long as short
Nado kPEPE-PERP	+0.0710%	1h	0.000004961	−1.733%	$153K	$973K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0970% / S −0.1091%	1h	0.000004000	−20.776%	$49K	—	100x	as long as short
dYdX PEPE-USD	+0.4354%	1h	0.000004958	−1.812%	$25K	$12K	10x	as long as short