Funding you earn now, next payment 23:00 UTC−0.0534%/8h= −58.4% APRnext payment −$0.67 per $10,000 · paid last 24h −0.091%
Price spread now: Deribit against Kraken Futures−0.016%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 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 -0.097% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.67 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 | Kraken Futures PF_PEPEUSD | 0.000004840 | 0.1318 | pay 0.0165% / 1h | 45m 33s | $4.0M | $13.2M | 50x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004839 | 0.0784 | get 0.0098% / 1h | 45m 33s | $82K | $94K | 25x |
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$112.07
- Price spread: −0.016% → 0.000%
- −$1.61
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$130.68
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 2.98 bp | 19.0 bp −$19 | 25.8 bp −$258 | 73.8 bp −$7,378 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000004835 | −0.109% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004834 | −0.126% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004841 | +0.025% | $631K | $5.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004839 | −0.016% | $60.7M | $76.2M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004840 | +0.005% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004838 | −0.037% | $88.0M | $278.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004837 | −0.057% | $151.2M | $62.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004841 | +0.021% | $25.0M | $53.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004869 | +0.606% | $582K | $3.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004853 | +0.280% | $27K | $343K | 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 | +0.145% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004841 | +0.025% | $2K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004842 | +0.056% | $550K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0170% | 8h | 0.000004842 | +0.040% | $42.6M | $151.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004841 | +0.035% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0205% | 8h | 0.000004842 | +0.046% | $41.6M | $491.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0317% / S −0.0215% | 1h | 0.000004000 | −17.352% | $52K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004845 | +0.108% | $3.9M | $22.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0439% | 8h | 0.000004838 | −0.035% | $30K | $11K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0442% | 8h | 0.000004839 | −0.026% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0448% | 8h | 0.000004841 | +0.017% | $2.3M | $6.4M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004843 | +0.067% | $648K | $25.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0560% | 1h | 0.000004842 | +0.046% | $555 | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0722% | 1h | 0.000004839 | −0.020% | $92K | $614K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0768% | 1h | 0.000004841 | +0.035% | $186K | $854K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0784% | 1h | 0.000004839 | −0.016% | $82K | $94K | 25x | |
| BingX 1000PEPE-USDT | +0.0834% | 8h | 0.000004840 | 0.000% | — | $256.0M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0860% | 8h | 0.000004837 | −0.064% | $130.3M | $1.03B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0864% | 1h | 0.000004840 | +0.010% | $532K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0864% | 1h | 0.000004845 | +0.108% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0865% | 8h | 0.000004842 | +0.040% | $91.7M | $282.8M | 300x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004868 | +0.583% | $4K | $103K | 12x | as long as short |
| Aster 1000PEPEUSDT | +0.0892% | 8h | 0.000004842 | +0.038% | $1.5M | $7.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1140% | 1h | 0.000004853 | +0.273% | $103K | $764K | 25x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.1318% | 1h | 0.000004840 | long leg | $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
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Injective PEPE/USDC PERP
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT