Funding you earn now, next payment 08:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.170%
Price spread now: Kraken Futures against BloFin+0.171%57s7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.171%, 7d avg +0.014%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.156% dearer against BloFin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.014%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment. 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 | BloFin PEPE-USDT | 0.000005164 | 0.0521 | pay 0.0521% / 8h | 57m 57s | $4.4M | $30.0M | 75x |
| Short | Kraken Futures PF_PEPEUSD | 0.000005173 | 0.0709 | get 0.0089% / 1h | 57m 57s | $4.7M | $16.5M | 50x |
BloFin PEPE-USDT
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $39.49
- Price spread: +0.171% → +0.014%
- $15.64
- Slippage, 4 orders
- −$26.98
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $6.16
- Costs to cover
- 0.490%
- Break-even
- 5.9 days
Slippage from BloFin: live order book, 6 min ago; Kraken Futures: live order book, 1 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 BloFin live order book, 6 min ago | 4.83 bp | 10.8 bp −$11 | 11.6 bp −$116 | 22.9 bp −$2,291 | 58.0 bp −$29.0K |
| Sell Kraken Futures live order book, 1 min ago | 5.04 bp | 11.6 bp −$12 | 15.5 bp −$155 | 67.1 bp −$6,711 | 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 | 0.000005158 | −0.117% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005169 | +0.103% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005160 | −0.077% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005171 | +0.136% | $101.0M | $422.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005170 | +0.116% | $164.4M | $97.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005174 | +0.186% | $606K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005163 | −0.015% | $28K | $545K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005177 | +0.250% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005175 | +0.211% | $601K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0112% | 8h | 0.000005177 | +0.258% | $26.6M | $72.7M | 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 | 0.000005169 | +0.098% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0283% | 8h | 0.000005171 | +0.141% | $46.4M | $216.7M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0363% | 1h | 0.000005175 | +0.213% | $2K | $11K | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0398% | 8h | 0.000005171 | +0.136% | $47.7M | $739.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0403% | 8h | 0.000005175 | +0.215% | $34K | $26K | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005172 | +0.155% | $9K | $120K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0449% | 1h | 0.000005177 | +0.252% | $76K | $868K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0452% | 1h | 0.000005161 | −0.058% | $150K | $830K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0521% | 8h | 0.000005177 | +0.254% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDTlong | +0.0521% | 8h | 0.000005164 | long leg | $4.4M | $30.0M | 75x | |
| Paradex kPEPE-USD-PERP | +0.0524% | 8h | 0.000005160 | −0.083% | $6K | — | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005176 | +0.232% | $697K | $39.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0709% | 1h | 0.000005173 | +0.171% | $4.7M | $16.5M | 50x | |
| BingX 1000PEPE-USDT | +0.0721% | 8h | 0.000005176 | +0.234% | — | $218.1M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0745% | 8h | 0.000005176 | +0.234% | $1.8M | $11.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0752% | 1h | 0.000005166 | +0.039% | $623 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0752% | 1h | 0.000005170 | +0.117% | $165K | $954K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0757% | 8h | 0.000005174 | +0.201% | $101.3M | $302.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0758% | 8h | 0.000005173 | +0.178% | $142.0M | $1.47B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005169 | +0.103% | $542K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005175 | +0.213% | $146K | — | 3x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0911% | 1h | 0.000005174 | +0.194% | $74K | $127K | 25x | as long as short |
| Lighter 1000PEPE | +0.0944% | 1h | 0.000005178 | +0.271% | $618K | $9.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1041% | 1h | 0.000005181 | +0.329% | $53.8M | $157.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.1782% | 1h | 0.000005000 | −3.176% | $69K | — | 100x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
Nado kPEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]