Funding you earn now, next payment 23:00 UTC+0.0454%/8h= +49.7% APRnext payment +$0.57 per $10,000 · paid last 24h +0.073%
Price spread now: Kraken Futures against Extended−0.028%7-day average +0.026% · 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−$53as in the Price arb table
costs, in and out, $10k−$480.477% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 3 days (all we have)+0.204%+$20 · spread now −0.028%, 7d avg +0.026%
=Together, before fees+0.245%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.053% cheaper against Extended than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.026%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.042% in total) that is about 9.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 per $10,000. 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 | Extended 1000PEPE-USD | 0.000004841 | 0.0864 | pay 0.0108% / 1h | 45m 58s | $532K | $148K | 25x |
| Short | Kraken Futures PF_PEPEUSD | 0.000004840 | 0.1318 | get 0.0165% / 1h | 45m 58s | $4.0M | $13.2M | 50x |
Extended 1000PEPE-USD
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $95.34
- Price spread: −0.028% → +0.026%
- −$5.34
- Slippage, 4 orders
- −$32.68
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $42.33
- Costs to cover
- 0.477%
- Break-even
- 3.9 days
Slippage from Extended: live order book, 37 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 Extended live order book, 37 min ago | 3.09 bp | 7.6 bp −$8 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 2.98 bp | 13.4 bp −$13 | 20.2 bp −$202 | 82.0 bp −$8,199 | 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 | 0.000004834 | −0.147% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004834 | −0.153% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004840 | −0.023% | $632K | $5.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004836 | −0.106% | $60.6M | $76.2M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004841 | −0.003% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004838 | −0.063% | $88.0M | $278.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004838 | −0.065% | $151.2M | $62.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004837 | −0.077% | $25.0M | $53.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004869 | +0.578% | $582K | $3.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004867 | +0.543% | $27K | $342K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004847 | +0.117% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004841 | −0.003% | $2K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004842 | +0.028% | $550K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0171% | 8h | 0.000004839 | −0.042% | $42.6M | $151.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004842 | +0.023% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0205% | 8h | 0.000004842 | +0.018% | $41.6M | $491.4M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0317% / S −0.0215% | 1h | 0.000004000 | −17.375% | $52K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004845 | +0.080% | $3.9M | $22.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0439% | 8h | 0.000004838 | −0.063% | $30K | $11K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0448% | 8h | 0.000004841 | −0.011% | $2.3M | $6.4M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004843 | +0.039% | $648K | $25.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0449% | 8h | 0.000004838 | −0.074% | $5K | $16 | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0568% | 1h | 0.000004841 | −0.003% | $555 | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0722% | 1h | 0.000004839 | −0.048% | $92K | $614K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0753% | 1h | 0.000004842 | +0.024% | $186K | $854K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0784% | 1h | 0.000004839 | −0.044% | $82K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0837% | 8h | 0.000004841 | +0.004% | — | $256.0M | — | as long as short |
| Extended 1000PEPE-USDlong | +0.0864% | 1h | 0.000004841 | long leg | $532K | $148K | 25x | |
| Aevo 1000PEPE-PERP | +0.0864% | 1h | 0.000004845 | +0.080% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0865% | 8h | 0.000004841 | −0.003% | $91.7M | $282.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0865% | 8h | 0.000004842 | +0.016% | $130.5M | $1.03B | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004868 | +0.555% | $4K | $103K | 12x | as long as short |
| Aster 1000PEPEUSDT | +0.0892% | 8h | 0.000004842 | +0.014% | $1.5M | $7.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1302% | 1h | 0.000004870 | +0.596% | $104K | $764K | 25x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.1318% | 1h | 0.000004840 | −0.028% | $4.0M | $13.2M | 50x |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Injective PEPE/USDC PERP
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT