Funding you earn now, next payment 05:00 UTC−0.1341%/8h= −146.9% APRnext payment −$1.68 per $10,000 · paid last 24h −0.158%
Price spread now: Reya against Kraken Futures−0.159%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Reya is 0.159% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PEPEUSD | 0.000005335 | 0.1530 | pay 0.0191% / 1h | 43m 37s | $4.9M | $16.3M | 50x |
| Short | Reya kPEPERUSDPERP | 0.000005327 | 0.0189 | get 0.0024% / 1h | 43m 37s | $8K | — | 15x |
Kraken Futures PF_PEPEUSD
Reya kPEPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$281.7
- Price spread: −0.159% → 0.000%
- −$15.87
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$313.58
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 5 min ago; Reya: 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, 5 min ago | 7.13 bp | 19.3 bp −$19 | 30.6 bp −$306 | 80.1 bp −$8,007 | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | 0.000005320 | −0.287% | $20K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005333 | −0.040% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005381 | +0.855% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005331 | −0.082% | $69K | $153K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005319 | −0.312% | $108.4M | $374.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005320 | −0.288% | $176.3M | $86.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005333 | −0.039% | $27.0M | $67.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005314 | −0.408% | $761K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005342 | +0.133% | $43K | $498K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005342 | +0.121% | $1K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
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 | 0.000005329 | −0.119% | $610K | $3.8M | 75x | as long as short |
| Reya kPEPERUSDPERPshort | +0.0189% | 1h | 0.000005327 | −0.159% | $8K | — | 15x | |
| Bitget PEPEUSDT | +0.0268% | 8h | 0.000005333 | −0.044% | $52.0M | $188.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0380% | 8h | 0.000005336 | +0.004% | $36K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0428% | 8h | 0.000005324 | −0.213% | $52.5M | $677.3M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005326 | −0.175% | $4.5M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0627% | 8h | 0.000005342 | +0.132% | $2.6M | $7.5M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0676% | 1h | 0.000005337 | +0.031% | $2K | $10K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005347 | +0.218% | $722K | $36.5M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0764% | 8h | 0.000005332 | −0.072% | — | $252.1M | — | as long as short |
| Paradex kPEPE-USD-PERP | +0.0794% | 8h | 0.000005329 | −0.118% | $6K | — | 20x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005330 | −0.100% | $151K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0805% | 8h | 0.000005328 | −0.147% | $104.0M | $293.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0807% | 8h | 0.000005326 | −0.166% | $155.3M | $1.31B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005329 | −0.119% | $566K | $226K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0875% | 1h | 0.000005327 | −0.153% | $192K | $916K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0899% / S −0.1763% | 1h | 0.000005000 | −6.286% | $65K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0938% | 8h | 0.000005331 | −0.075% | $1.9M | $9.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1032% | 1h | 0.000005324 | −0.213% | $176K | $800K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1063% | 1h | 0.000005337 | +0.031% | $76K | $126K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1208% | 1h | 0.000005333 | −0.044% | $643 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1248% | 1h | 0.000005336 | +0.012% | $694K | $8.6M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1330% | 1h | 0.000005358 | +0.419% | $73K | $722K | 15x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.1530% | 1h | 0.000005335 | long leg | $4.9M | $16.3M | 50x | |
| Hyperliquid kPEPE | +0.1772% | 1h | 0.000005340 | +0.087% | $58.6M | $144.5M | 10x | as long as short |
HTX PEPE-USDT
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
SoDEX 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Paradex kPEPE-USD-PERP
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE