Funding you earn now, next payment 06:00 UTC−0.0035%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.113%
Price spread now: Aevo against Kraken Futures+0.059%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,145as in the Price arb table
costs, in and out, $10k−$1,14911.486% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.059%, 7d avg +0.018%
=The price spread pays, funding is against you. Aevo is 0.041% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.018%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PEPEUSD | 0.000005161 | 0.0827 | pay 0.0103% / 1h | 1m 11s | $4.7M | $16.8M | 50x |
| Short | Aevo 1000PEPE-PERP | 0.000005164 | 0.0792 | get 0.0099% / 1h | 1m 11s | $146K | — | 3x |
Kraken Futures PF_PEPEUSD
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Kraken Futures. 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
- −$7.44
- Price spread: +0.059% → +0.018%
- $4.06
- Slippage, 4 orders
- −$1,122.62
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$1,152
- Costs to cover
- 11.486%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Aevo: live order book, 48 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 Kraken Futures live order book, 3 min ago | 4.98 bp | 17.8 bp −$18 | 25.5 bp −$255 | 76.8 bp −$7,677 | doesn't fit |
| Sell Aevo live order book, 48 min ago | 272.79 bp | 566.2 bp −$566 | doesn't fit | doesn't fit | 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 | 0.000005145 | −0.309% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005155 | −0.108% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005152 | −0.174% | $59K | $178K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005167 | +0.113% | $100.9M | $410.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005153 | −0.155% | $163.1M | $95.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005171 | +0.188% | $26.0M | $71.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005136 | −0.492% | $614K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005129 | −0.624% | $28K | $540K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005169 | +0.161% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005146 | −0.283% | $585K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0145% | 1h | 0.000005163 | +0.039% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005163 | +0.039% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0316% | 8h | 0.000005167 | +0.115% | $46.0M | $213.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005162 | +0.026% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005172 | +0.214% | $48.2M | $719.7M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0539% | 8h | 0.000005150 | −0.221% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005168 | +0.136% | $4.4M | $29.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0600% | 1h | 0.000005165 | +0.078% | $623K | $9.1M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0608% | 8h | 0.000005163 | +0.039% | $2.4M | $8.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0649% | 1h | 0.000005167 | +0.122% | $68K | $844K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0650% | 1h | 0.000005158 | −0.058% | $162K | $953K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005155 | −0.116% | $622 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005153 | −0.155% | $684K | $38.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0703% | 1h | 0.000005129 | −0.620% | $155K | $818K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0720% | 1h | 0.000005162 | +0.020% | $74K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0757% | 8h | 0.000005169 | +0.146% | — | $217.2M | — | as long as short |
| MEXC PEPE_USDT | +0.0787% | 8h | 0.000005163 | +0.045% | $99.3M | $305.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0791% | 8h | 0.000005164 | +0.052% | $143.0M | $1.44B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005162 | +0.013% | $544K | $281K | 25x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0792% | 1h | 0.000005164 | +0.059% | $146K | — | 3x | |
| Aster 1000PEPEUSDT | +0.0817% | 8h | 0.000005163 | +0.031% | $1.9M | $11.5M | 50x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.0827% | 1h | 0.000005161 | long leg | $4.7M | $16.8M | 50x | |
| Hyperliquid kPEPE | +0.1037% | 1h | 0.000005167 | +0.117% | $55.1M | $154.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2351% | 1h | 0.000005000 | −3.119% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005128 | −0.639% | $10K | $119K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP