Funding you earn now, next payment 08:00 UTC+0.0192%/8h= +21.1% APRpaid last 24h +0.080%
Price spread now: ApeX Omni against KuCoin+0.162%112s7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as 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−$530.528% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)+0.265%+$27 · spread now +0.162%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.155% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.007%. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% 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 | 0.000005173 | 0.0120 | pay 0.0120% / 8h | 19m 33s | $27.0M | $74.0M | 75x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000005181 | 0.0312 | get 0.0039% / 1h | 19m 33s | $151K | $834K | 25x |
KuCoin PEPEUSDTM
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $40.39
- Price spread: +0.162% → +0.007%
- $15.49
- Slippage, 4 orders
- −$30.85
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $3.03
- Costs to cover
- 0.528%
- Break-even
- 6.5 days
Slippage from KuCoin: live order book, 10 min ago; ApeX Omni: live order book, 19 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, 10 min ago | 1.45 bp | 13.4 bp −$13 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 19 min ago | 5.32 bp | 12.3 bp −$12 | 104.5 bp −$1,045 | 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 | 0.000005162 | −0.205% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005161 | −0.220% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005169 | −0.070% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005166 | −0.128% | $99.6M | $430.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005165 | −0.147% | $163.9M | $99.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005163 | −0.193% | $615K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005175 | +0.044% | $28K | $547K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005174 | +0.035% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005165 | −0.137% | $601K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0120% | 8h | 0.000005173 | long leg | $27.0M | $74.0M | 75x |
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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0144% | 1h | 0.000005169 | −0.070% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005168 | −0.097% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0256% | 8h | 0.000005167 | −0.112% | $46.4M | $220.0M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0312% | 1h | 0.000005181 | +0.162% | $151K | $834K | 25x | |
| OKX PEPE-USDT-SWAP | +0.0364% | 8h | 0.000005170 | −0.050% | $47.9M | $749.8M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005148 | −0.476% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0414% | 8h | 0.000005169 | −0.064% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0462% | 8h | 0.000005169 | −0.064% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0475% | 8h | 0.000005169 | −0.060% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0484% | 8h | 0.000005164 | −0.166% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0517% | 1h | 0.000005165 | −0.137% | $79K | $889K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0525% | 1h | 0.000005167 | −0.108% | $74K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005170 | −0.050% | $688K | $39.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000005171 | −0.031% | $621K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0689% | 8h | 0.000005168 | −0.099% | — | $218.8M | — | as long as short |
| Nado kPEPE-PERP | +0.0693% | 1h | 0.000005172 | −0.011% | $166K | $958K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0704% | 1h | 0.000005177 | +0.085% | $624 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0710% | 1h | 0.000005165 | −0.141% | $4.8M | $16.7M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0720% | 1h | 0.000005168 | −0.087% | $542K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0720% | 1h | 0.000005172 | −0.012% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0722% | 8h | 0.000005168 | −0.087% | $142.4M | $1.50B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0722% | 8h | 0.000005165 | −0.145% | $101.7M | $308.0M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0722% | 8h | 0.000005170 | −0.058% | $1.7M | $11.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0945% | 1h | 0.000005178 | +0.104% | $53.9M | $159.2M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1281% | 1h | 0.000005000 | −3.337% | $50K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
BingX 1000PEPE-USDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]