PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1079%/8h= +118.2% APRnext payment +$1.35 per $10,000 · paid last 24h +0.146%

Price spread now: Kraken Futures against Reya−0.124%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.124% cheaper against Reya than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 9 hours of funding at the current rate (+$32 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kPEPERUSDPERP	0.000005142	0.0189	pay 0.0024% / 1h	35m 20s	$8K	—	15x
Short	Kraken Futures PF_PEPEUSD	0.000005136	0.1268	get 0.0159% / 1h	35m 20s	$4.6M	$15.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee Kraken FuturesbpOrdersPrice spread, now −0.124%Rate

Funding earned: $226.68
Price spread: −0.124% → 0.000%: −$12.35
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $198.33
Costs to cover: 0.160%
Break-even: 0.9 days

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 4 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	5.86 bp	17.1 bp −$17	21.9 bp −$219	106.3 bp −$10.6K	doesn't fit

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	0.000005137	−0.096%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005132	−0.188%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005140	−0.038%	$66K	$141K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005132	−0.186%	$100.8M	$350.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005140	−0.038%	$171.1M	$76.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005141	−0.017%	$26.0M	$64.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005122	−0.396%	$693K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005142	+0.004%	$36K	$457K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005145	+0.067%	$2K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005168	+0.506%	$590K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0185%	8h	0.000005139	−0.058%	$46.8M	$176.1M	75x	as long as short
Reya kPEPERUSDPERPlong	+0.0189%	1h	0.000005142	long leg	$8K	—	15x
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005127	−0.291%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0338%	8h	0.000005139	−0.048%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0376%	8h	0.000005137	−0.097%	$47.4M	$613.6M	50x	as long as short
BloFin PEPE-USDT	+0.0488%	8h	0.000005162	+0.390%	$4.3M	$26.0M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0569%	8h	0.000005130	−0.233%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0664%	8h	0.000005136	−0.106%	—	$2.3M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005141	−0.019%	$970K	$32.6M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0683% / S −0.0942%	1h	0.000005000	−2.761%	$46K	—	100x	as long as short
MEXC PEPE_USDT	+0.0710%	8h	0.000005145	+0.053%	$97.9M	$288.8M	300x	as long as short
Binance 1000PEPEUSDT	+0.0716%	8h	0.000005140	−0.042%	$145.7M	$1.23B	75x	as long as short
Extended 1000PEPE-USD	+0.0720%	1h	0.000005136	−0.122%	$544K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	0.000005140	−0.038%	$145K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0724%	1h	0.000005136	−0.116%	$73K	$124K	25x	as long as short
Nado kPEPE-PERP	+0.0792%	1h	0.000005140	−0.038%	$192K	$891K	10x	as long as short
Aster 1000PEPEUSDT	+0.0812%	8h	0.000005145	+0.063%	$1.8M	$9.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0817%	8h	0.000005131	−0.215%	$6K	—	20x	as long as short
SoDEX 1000PEPE-USD	+0.0876%	1h	0.000005137	−0.097%	$2K	$12K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0933%	1h	0.000005144	+0.039%	$102K	$743K	25x	as long as short
Lighter 1000PEPE	+0.0960%	1h	0.000005132	−0.194%	$581K	$8.2M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1037%	1h	0.000005132	−0.186%	$101K	$657K	15x	as long as short
01 Exchange kPEPEUSD	+0.1120%	1h	0.000005155	+0.253%	$622	$3K	10x	as long as short
Kraken Futures PF_PEPEUSDshort	+0.1268%	1h	0.000005136	−0.124%	$4.6M	$15.8M	50x
Hyperliquid kPEPE	+0.1517%	1h	0.000005148	+0.117%	$55.4M	$140.8M	10x	as long as short