Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.187%
Price spread now: KuCoin against Hyperliquid−0.018%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$390.390% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.533%−$53 on $10k
Price spread, last 7 days−0.041%−$4 · spread now −0.018%, 7d avg −0.103%
Together, before fees−0.575%+ Points / potential airdropHyperliquid: Season 2 · farm board−$57 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.085% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.103%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kPEPE0.0000049920.0100pay 0.0013% / 1h21m 27s$51.1M$161.8M10x
ShortKuCoin PEPEUSDTM0.0000049910.0100get 0.0100% / 8h6h 21m$25.2M$76.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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

Funding earned
$0
Price spread: −0.018% → −0.103%
$8.46
Slippage, 4 orders
−$18.03
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$30.57
Costs to cover
0.390%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago1.00 bp5.5 bp −$610.3 bp −$103doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago1.41 bp11.2 bp −$1120.0 bp −$200doesn't fitdoesn't fit

PEPE on 35 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004984−0.154%$3K150xas long as short
Kraken Futures PF_PEPEUSD+0.0026%1h0.000004987−0.091%$4.6M$16.8M50xas long as short
Lighter 1000PEPE+0.0096%1h0.0000049920.000%$591K$9.0M10xas long as short
Hyperliquid kPEPElong+0.0100%1h0.000004992long leg$51.1M$161.8M10x
Pacifica kPEPE+0.0100%1h0.000004991−0.020%$57K$198K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004987−0.100%$95.2M$446.1M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004986−0.120%$156.0M$101.5M75xas long as short
KuCoin PEPEUSDTMshort+0.0100%8h0.000004991−0.018%$25.2M$76.2M75x
Bitget PEPEUSDT+0.0100%8h0.000004989−0.062%$45.2M$228.6M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004962−0.591%$631K$5.3Mas long as short
Show all 35 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004976−0.319%$27K$569K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004986−0.120%$145K$847K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004994+0.042%$2K$2.6M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004989−0.060%$2K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004985−0.148%$582K$4.2M75xas long as short
Phemex u1000PEPEUSDT+0.0100%8h0.000004991−0.016%$2.3M$8.0M50xas long as short
01 Exchange kPEPEUSD+0.0112%1h0.000004981−0.220%$601$2K10xas long as short
Paradex kPEPE-USD-PERP+0.0120%8h0.000004986−0.121%$6K20xas long as short
Nado kPEPE-PERP+0.0156%1h0.000004989−0.058%$141K$953K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004990−0.033%$8K15xas long as short
OKX PEPE-USDT-SWAP+0.0200%8h0.000004989−0.060%$44.7M$738.4M50xas long as short
Backpack kPEPE_USDC_PERP+0.0315%1h0.000004990−0.040%$77K$997K15xas long as short
BloFin PEPE-USDT+0.0322%8h0.000004985−0.140%$4.3M$29.2M75xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0352%1h0.000004988−0.080%$57K$125K25xas long as short
Injective PEPE/USDC PERP+0.0363%1h0.000004963−0.581%$5K$121K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0392%8h0.000004989−0.054%$32K$30K20xas long as short
Binance 1000PEPEUSDT+0.0398%8h0.000004985−0.138%$129.4M$1.54B75xas long as short
Extended 1000PEPE-USD+0.0400%1h0.000004987−0.100%$522K$285K25xas long as short
Aevo 1000PEPE-PERP+0.0400%1h0.000004983−0.180%$141K3xas long as short
MEXC PEPE_USDT+0.0401%8h0.000004990−0.042%$102.0M$307.2M300xas long as short
BingX 1000PEPE-USDT+0.0403%8h0.000004985−0.132%$181.0Mas long as short
Aster 1000PEPEUSDT+0.0404%8h0.000004984−0.156%$1.8M$12.4M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.0000049920.000%$699K$39.2M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0885% / S −0.1012%1h0.000004000−19.872%$51K100xas long as short
dYdX PEPE-USD+0.8579%1h0.000004989−0.060%$25K$12K10xas long as short