Funding you earn now, next payment 08:00 UTC−0.0391%/8h= −42.8% APRnext payment −$3.91 per $10,000 · paid last 24h −0.046%
Price spread now: KuCoin against BingX−0.077%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$390.385% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 7 days+0.102%+$10 · spread now −0.077%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and KuCoin is 0.072% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.91 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 | BingX 1000PEPE-USDT | 0.000005056 | 0.0491 | pay 0.0491% / 8h | 6h 22m | — | $259.0M | — |
| Short | KuCoin PEPEUSDTM | 0.000005052 | 0.0100 | get 0.0100% / 8h | 6h 22m | $25.2M | $60.7M | 75x |
BingX 1000PEPE-USDT
KuCoin PEPEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BingX. 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
- −$82.11
- Price spread: −0.077% → −0.005%
- −$7.24
- Slippage, 4 orders
- −$16.5
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$127.85
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; KuCoin: live order book, 12 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 BingX live order book, 12 min ago | 0.10 bp | 5.7 bp −$6 | 7.8 bp −$78 | 15.2 bp −$1,519 | 41.1 bp −$20.6K |
| Sell KuCoin live order book, 12 min ago | 1.59 bp | 11.3 bp −$11 | 19.9 bp −$199 | 51.3 bp −$5,127 | doesn't fit |
PEPE on 34 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 | 0.000005053 | −0.066% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005048 | −0.162% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005058 | +0.042% | $61K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005050 | −0.109% | $98.1M | $323.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005051 | −0.097% | $161.3M | $70.9M | 75x | as long as short |
| KuCoin PEPEUSDTMshort | +0.0100% | 8h | 0.000005052 | −0.077% | $25.2M | $60.7M | 75x | |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005062 | +0.125% | $47.0M | $160.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005092 | +0.707% | $624K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005086 | +0.594% | $34K | $413K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005059 | +0.055% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005057 | +0.020% | $567K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005051 | −0.104% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0231% | 8h | 0.000005063 | +0.140% | $45.1M | $568.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0278% | 8h | 0.000005047 | −0.166% | $33K | $23K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0312% | 1h | 0.000005063 | +0.140% | $106K | $747K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0352% | 8h | 0.000005053 | −0.047% | $2.4M | $7.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005055 | −0.018% | $727K | $29.7M | 50x | as long as short |
| BingX 1000PEPE-USDTlong | +0.0491% | 8h | 0.000005056 | long leg | — | $259.0M | — | |
| GMX PEPE/USD [ETH-USDC] | L +0.0512% / S −0.0538% | 1h | 0.000005000 | −1.106% | $56K | — | 100x | as long as short |
| Extended 1000PEPE-USD | +0.0520% | 1h | 0.000005057 | +0.017% | $557K | $199K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0523% | 8h | 0.000005060 | +0.089% | $94.7M | $290.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0523% | 8h | 0.000005058 | +0.036% | $142.9M | $1.17B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0528% | 1h | 0.000005054 | −0.038% | $143K | — | 3x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0543% | 1h | 0.000005050 | −0.117% | $61K | $114K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0558% | 1h | 0.000005055 | −0.018% | $2K | $12K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0561% | 8h | 0.000005060 | +0.083% | $6K | $16 | 20x | as long as short |
| Aster 1000PEPEUSDT | +0.0619% | 8h | 0.000005055 | −0.014% | $1.7M | $8.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0634% | 1h | 0.000005049 | −0.134% | $181K | $881K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0824% | 1h | 0.000005053 | −0.064% | $4.0M | $14.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005098 | +0.833% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0927% | 1h | 0.000005055 | −0.022% | $100K | $617K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005061 | +0.101% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1576% | 1h | 0.000005062 | +0.121% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2196% | 1h | 0.000005059 | +0.061% | $55.7M | $135.9M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE