Funding you earn now, next payment 09:00 UTC+0.0523%/8h= +57.3% APRpaid last 24h +0.114%
Price spread now: Aevo against KuCoin−0.084%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,370as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,388as in the Price arb table
costs, in and out, $10k−$1,38013.801% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)+0.376%+$38 · spread now −0.084%, 7d avg −0.001%
=Funding pays, the price is against you. Aevo is 0.083% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.001%). If the spread goes back, that is −$8 on $10k: about 13 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.105% in total) that is about 5.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment. 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 | KuCoin PEPEUSDTM | 0.000005128 | 0.0157 | pay 0.0157% / 8h | 7h 48m | $26.8M | $74.7M | 75x |
| Short | Aevo 1000PEPE-PERP | 0.000005124 | 0.0680 | get 0.0085% / 1h | 48m 29s | $145K | — | 3x |
KuCoin PEPEUSDTM
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against KuCoin. 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
- $109.83
- Price spread: −0.084% → −0.001%
- −$8.28
- Slippage, 4 orders
- −$1,352.09
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$1,278.54
- Costs to cover
- 13.801%
- Break-even
- 88.5 days
Slippage from KuCoin: live order book, 11 min ago; Aevo: live order book, 50 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 KuCoin live order book, 11 min ago | 1.86 bp | 14.0 bp −$14 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 50 min ago | 272.05 bp | 669.1 bp −$669 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.000005123 | −0.101% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005120 | −0.166% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005128 | −0.006% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005141 | +0.238% | $99.0M | $435.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005127 | −0.025% | $163.2M | $99.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005142 | +0.260% | $636K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005125 | −0.056% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005138 | +0.187% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005126 | −0.035% | $600K | $4.2M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0134% | 1h | 0.000005124 | −0.084% | $149K | $836K | 25x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
ApeX Omni 1000PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005129 | +0.014% | $8K | $120K | 12x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0157% | 8h | 0.000005128 | long leg | $26.8M | $74.7M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005140 | +0.230% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0200% | 1h | 0.000005124 | −0.084% | $2K | $11K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0224% | 8h | 0.000005141 | +0.244% | $46.2M | $221.9M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0336% | 1h | 0.000005123 | −0.103% | $73K | $128K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0344% | 8h | 0.000005140 | +0.228% | $47.3M | $751.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0429% | 8h | 0.000005127 | −0.018% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0429% | 8h | 0.000005126 | −0.043% | $34K | $26K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0466% | 8h | 0.000005128 | −0.006% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0468% | 1h | 0.000005125 | −0.064% | $76K | $895K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005132 | +0.072% | $669K | $39.9M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0538% | 8h | 0.000005126 | −0.051% | $2.4M | $8.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0552% | 1h | 0.000005138 | +0.189% | $620 | $2K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0572% | 1h | 0.000005131 | +0.053% | $53.2M | $159.9M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0619% | 1h | 0.000005121 | −0.141% | $4.8M | $16.7M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0638% | 1h | 0.000005143 | +0.282% | $163K | $964K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0648% | 8h | 0.000005128 | −0.004% | — | $175.8M | — | as long as short |
| Lighter 1000PEPE | +0.0664% | 1h | 0.000005129 | +0.014% | $621K | $9.0M | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0677% | 8h | 0.000005136 | +0.145% | $141.8M | $1.51B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0680% | 1h | 0.000005127 | −0.021% | $539K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0680% | 8h | 0.000005132 | +0.068% | $100.5M | $306.0M | 300x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0680% | 1h | 0.000005124 | −0.084% | $145K | — | 3x | |
| Aster 1000PEPEUSDT | +0.0694% | 8h | 0.000005132 | +0.073% | $1.7M | $12.0M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1149% | 1h | 0.000005000 | −2.502% | $51K | — | 100x | as long as short |
Injective PEPE/USDC PERP
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Lighter 1000PEPE
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]