Funding you earn now, next payment 03:00 UTC−0.0774%/8h= −84.7% APRpaid last 24h −0.109%
Price spread now: Binance against Kraken Futures+0.035%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$520.525% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.035%, 7d avg +0.030%
=The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% 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 | Kraken Futures PF_PEPEUSD | 0.000004999 | 0.1392 | pay 0.0174% / 1h | 29m 11s | $4.2M | $15.1M | 50x |
| Short | Binance 1000PEPEUSDT | 0.000005000 | 0.0618 | get 0.0618% / 8h | 5h 29m | $139.5M | $1.20B | 75x |
Kraken Futures PF_PEPEUSD
Binance 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$162.52
- Price spread: +0.035% → +0.030%
- $0.52
- Slippage, 4 orders
- −$32.48
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$214.48
- Costs to cover
- 0.525%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago | 7.53 bp | 18.7 bp −$19 | 29.9 bp −$299 | 103.0 bp −$10.3K | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.69 bp | 8.1 bp −$8 | 15.8 bp −$158 | 47.9 bp −$4,785 | 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 | 0.000005006 | +0.156% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005000 | +0.023% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005015 | +0.327% | $64K | $138K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004998 | −0.015% | $97.5M | $337.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005005 | +0.127% | $163.4M | $75.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005010 | +0.219% | $25.9M | $62.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005016 | +0.357% | $676K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004991 | −0.150% | $35K | $435K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005017 | +0.365% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005011 | +0.239% | $569K | $3.6M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0101% | 8h | 0.000005000 | +0.029% | $46.0M | $172.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005008 | +0.194% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0320% | 8h | 0.000005001 | +0.047% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0322% | 8h | 0.000005003 | +0.087% | $45.1M | $583.2M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0368% | 1h | 0.000005016 | +0.347% | $98K | $753K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0442% | 8h | 0.000005003 | +0.087% | $4.3M | $25.0M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0551% | 1h | 0.000004999 | +0.007% | $61K | $114K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0562% | 1h | 0.000004999 | +0.007% | $2K | $12K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005019 | +0.407% | $914K | $31.2M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0581% | 8h | 0.000005007 | +0.169% | — | $261.1M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0592% / S −0.1060% | 1h | 0.000004000 | −19.978% | $47K | — | 100x | as long as short |
| Extended 1000PEPE-USD | +0.0616% | 1h | 0.000005000 | +0.021% | $530K | $226K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0616% | 8h | 0.000005001 | +0.051% | $94.0M | $289.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0616% | 1h | 0.000004997 | −0.033% | $141K | — | 3x | as long as short |
| Binance 1000PEPEUSDTshort | +0.0618% | 8h | 0.000005000 | +0.035% | $139.5M | $1.20B | 75x | |
| Aster 1000PEPEUSDT | +0.0712% | 8h | 0.000005017 | +0.363% | $1.8M | $9.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0777% | 8h | 0.000005011 | +0.238% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0856% | 1h | 0.000005006 | +0.140% | $181K | $870K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0870% | 8h | 0.000005012 | +0.267% | $2.4M | $7.1M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0955% | 1h | 0.000005013 | +0.283% | $94K | $625K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +2.128% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005015 | +0.327% | $605 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1288% | 1h | 0.000005002 | +0.067% | $686K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.1392% | 1h | 0.000004999 | long leg | $4.2M | $15.1M | 50x | |
| Hyperliquid kPEPE | +0.1700% | 1h | 0.000005014 | +0.307% | $53.5M | $139.3M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE