Funding you earn now, next payment 07:00 UTC+0.0310%/8h= +33.9% APRnext payment +$0.39 per $10,000 · paid last 24h −0.114%
Price spread now: Extended against Kraken Futures−0.165%57s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as 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−$410.411% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.165%, 7d avg +0.004%
=Together, before fees−0.034%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.169% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of +0.004%). If the spread goes back, that is −$17 on $10k: about 44 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour. 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 -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 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 | 0.000005092 | 0.0458 | pay 0.0057% / 1h | 23m 22s | $4.6M | $16.5M | 50x |
| Short | Extended 1000PEPE-USD | 0.000005084 | 0.0768 | get 0.0096% / 1h | 23m 22s | $538K | $280K | 25x |
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $65.03
- Price spread: −0.165% → +0.004%
- −$16.93
- Slippage, 4 orders
- −$26.11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $6.99
- Costs to cover
- 0.411%
- Break-even
- 6.2 days
Slippage from Kraken Futures: live order book, 6 min ago; Extended: live order book, 19 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, 6 min ago | 3.15 bp | 18.4 bp −$18 | 28.0 bp −$280 | 75.0 bp −$7,497 | doesn't fit |
| Sell Extended live order book, 19 min ago | 2.91 bp | 7.3 bp −$7 | 43.0 bp −$430 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005093 | +0.016% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005082 | −0.208% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005100 | +0.153% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005087 | −0.102% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005083 | −0.173% | $99.1M | $419.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005081 | −0.220% | $161.8M | $97.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005083 | −0.187% | $25.9M | $72.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005105 | +0.244% | $598K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005090 | −0.038% | $28K | $541K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005087 | −0.094% | $2K | $2.7M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005098 | +0.122% | $591K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005081 | −0.219% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0189% | 1h | 0.000005094 | +0.035% | $2K | $11K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0287% | 8h | 0.000005085 | −0.141% | $45.4M | $215.7M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0315% | 1h | 0.000005091 | −0.024% | $154K | $822K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0339% | 1h | 0.000005098 | +0.114% | $73K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0393% | 8h | 0.000005084 | −0.159% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0404% | 8h | 0.000005085 | −0.141% | $47.0M | $722.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0423% | 1h | 0.000005093 | +0.012% | $73K | $860K | 15x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.0458% | 1h | 0.000005092 | long leg | $4.6M | $16.5M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0503% | 8h | 0.000005088 | −0.089% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0530% | 8h | 0.000005101 | +0.173% | $4.5M | $29.4M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0584% | 8h | 0.000005093 | +0.014% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005098 | +0.114% | $684K | $38.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005090 | −0.043% | $606K | $9.1M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005082 | −0.200% | $812 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0728% | 8h | 0.000005084 | −0.157% | — | $217.8M | — | as long as short |
| Nado kPEPE-PERP | +0.0760% | 1h | 0.000005084 | −0.164% | $163K | $959K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000005088 | −0.081% | $1.7M | $11.8M | 50x | as long as short |
| Extended 1000PEPE-USDshort | +0.0768% | 1h | 0.000005084 | −0.165% | $538K | $280K | 25x | |
| MEXC PEPE_USDT | +0.0768% | 8h | 0.000005081 | −0.214% | $98.5M | $305.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005084 | −0.161% | $144K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0768% | 8h | 0.000005085 | −0.150% | $140.0M | $1.47B | 75x | as long as short |
| Hyperliquid kPEPE | +0.0932% | 1h | 0.000005086 | −0.122% | $52.6M | $156.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2257% | 1h | 0.000005000 | −1.811% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]