Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.181%
Price spread now: Kraken Futures against BingX−0.308%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)+0.364%+$36 · spread now −0.308%, 7d avg −0.033%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.275% cheaper against BingX than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000PEPE-USDT | 0.000005174 | 0.0712 | pay 0.0712% / 8h | 37m 31s | — | $218.5M | — |
| Short | Kraken Futures PF_PEPEUSD | 0.000005158 | 0.0711 | get 0.0089% / 1h | 37m 31s | $4.7M | $16.8M | 50x |
BingX 1000PEPE-USDT
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$0.12
- Price spread: −0.308% → −0.033%
- −$27.49
- Slippage, 4 orders
- −$22.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$69.97
- Costs to cover
- 0.424%
- Break-even
- never at this rate
Slippage from BingX: live order book, 17 min ago; Kraken Futures: live order book, 7 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 BingX live order book, 17 min ago | 0.29 bp | 5.8 bp −$6 | 8.7 bp −$87 | 14.5 bp −$1,452 | 37.7 bp −$18.8K |
| Sell Kraken Futures live order book, 7 min ago | 5.28 bp | 11.9 bp −$12 | 16.1 bp −$161 | 72.9 bp −$7,287 | 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 | 0.000005157 | −0.323% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005156 | −0.348% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005165 | −0.168% | $60K | $183K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005163 | −0.203% | $99.3M | $427.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005160 | −0.265% | $163.4M | $98.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005207 | +0.653% | $652K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005167 | −0.133% | $28K | $546K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005171 | −0.058% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005170 | −0.075% | $601K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0129% | 8h | 0.000005168 | −0.120% | $26.9M | $73.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005168 | −0.118% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0269% | 8h | 0.000005166 | −0.143% | $46.3M | $219.3M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0303% | 1h | 0.000005159 | −0.284% | $2K | $11K | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0376% | 8h | 0.000005167 | −0.130% | $47.7M | $746.4M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0378% | 1h | 0.000005219 | +0.876% | $151K | $833K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005156 | −0.342% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0412% | 8h | 0.000005162 | −0.218% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0481% | 8h | 0.000005169 | −0.091% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0501% | 8h | 0.000005162 | −0.226% | $4.4M | $30.3M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0516% | 1h | 0.000005158 | −0.311% | $78K | $877K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0526% | 1h | 0.000005161 | −0.245% | $74K | $127K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0535% | 8h | 0.000005160 | −0.269% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005164 | −0.187% | $644K | $39.7M | 50x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000005167 | −0.130% | $620K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0702% | 1h | 0.000005168 | −0.119% | $165K | $956K | 10x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0711% | 1h | 0.000005158 | −0.308% | $4.7M | $16.8M | 50x | |
| BingX 1000PEPE-USDTlong | +0.0712% | 8h | 0.000005174 | long leg | — | $218.5M | — | |
| 01 Exchange kPEPEUSD | +0.0720% | 1h | 0.000005166 | −0.149% | $623 | $2K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0729% | 8h | 0.000005165 | −0.163% | $1.8M | $11.8M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0743% | 8h | 0.000005166 | −0.142% | $142.4M | $1.49B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005174 | +0.015% | $542K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0744% | 1h | 0.000005164 | −0.187% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0745% | 8h | 0.000005166 | −0.145% | $100.8M | $305.8M | 300x | as long as short |
| Hyperliquid kPEPE | +0.0947% | 1h | 0.000005173 | −0.014% | $53.9M | $157.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1502% | 1h | 0.000005000 | −3.357% | $47K | — | 100x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]