Funding you earn now, next payment 11:00 UTC−0.0184%/8h= −20.2% APRpaid last 24h −0.116%
Price spread now: KuCoin against Injective−0.012%115s7-day average −0.589% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as 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−$1061.055% of the position
Funding, last 7 days−0.361%−$36 on $10k
+Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.012%, 7d avg −0.589%
=The price spread pays, funding is against you. KuCoin is 0.577% dearer against Injective than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.589%): +$58 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 days. The two prices were read 115 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 | Injective PEPE/USDC PERP | 0.000004904 | 0.0284 | pay 0.0036% / 1h | 29m 19s | $3K | $123K | 12x |
| Short | KuCoin PEPEUSDTM | 0.000004903 | 0.0100 | get 0.0100% / 8h | 5h 29m | $24.2M | $76.0M | 75x |
Injective PEPE/USDC PERP
KuCoin PEPEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Injective. 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
- −$38.66
- Price spread: −0.012% → −0.589%
- $57.7
- Slippage, 4 orders
- −$93.51
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$86.49
- Costs to cover
- 1.055%
- Break-even
- never at this rate
Slippage from Injective: live order book, 17 min ago; KuCoin: live order book, 3 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 Injective live order book, 17 min ago | 8.08 bp | 38.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 0.51 bp | 13.6 bp −$14 | 24.9 bp −$249 | doesn't fit | doesn't fit |
PEPE on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0374% | 1h | 0.000004899 | −0.097% | $4.5M | $16.0M | 50x | as long as short |
| 01 Exchange kPEPEUSD | −0.0016% | 1h | 0.000004904 | 0.000% | $592 | $2K | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004896 | −0.153% | $3K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004902 | −0.041% | $596K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004903 | −0.020% | $138K | $952K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004906 | +0.041% | $49.4M | $155.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004904 | 0.000% | $58K | $197K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004907 | +0.067% | $92.7M | $445.0M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004909 | +0.102% | $43.5M | $717.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004906 | +0.041% | $149.3M | $103.7M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
01 Exchange kPEPEUSD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Nado kPEPE-PERP
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Gate PEPE_USDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTMshort | +0.0100% | 8h | 0.000004903 | −0.012% | $24.2M | $76.0M | 75x | |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004908 | +0.090% | $44.0M | $233.7M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004903 | −0.012% | $75K | $996K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004904 | +0.007% | $637K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004905 | +0.023% | $26K | $573K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004907 | +0.061% | $108K | $869K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004913 | +0.186% | $1K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004902 | −0.041% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004905 | +0.020% | $577K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004902 | −0.035% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0108% | 8h | 0.000004904 | +0.008% | $5K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0158% | 1h | 0.000004901 | −0.061% | $60K | $119K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004899 | −0.095% | $7K | — | 15x | as long as short |
| Binance 1000PEPEUSDT | +0.0192% | 8h | 0.000004910 | +0.120% | $126.3M | $1.53B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0192% | 1h | 0.000004901 | −0.054% | $512K | $288K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0192% | 8h | 0.000004910 | +0.128% | $97.7M | $297.6M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0192% | 1h | 0.000004904 | 0.000% | $139K | — | 3x | as long as short |
| BingX 1000PEPE-USDT | +0.0200% | 8h | 0.000004909 | +0.094% | — | $182.2M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0203% | 8h | 0.000004910 | +0.116% | $1.7M | $12.6M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004906 | +0.041% | $4.2M | $28.4M | 75x | as long as short |
| Injective PEPE/USDC PERPlong | +0.0284% | 1h | 0.000004904 | long leg | $3K | $123K | 12x | |
| Orderly PERP_1000PEPE_USDC | +0.0309% | 8h | 0.000004909 | +0.104% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004905 | +0.020% | $717K | $38.5M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0793% / S −0.0894% | 1h | 0.000004000 | −18.434% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.4302% | 1h | 0.000004903 | −0.014% | $25K | $18K | 10x | as long as short |
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Reya kPEPERUSDPERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD