Funding you earn now, next payment 08:00 UTC+0.0698%/8h= +76.5% APRnext payment +$6.98 per $10,000 · paid last 24h +0.040%
Price spread now: Binance against KuCoin−0.094%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 7 days+0.123%+$12 · spread now −0.094%, 7d avg +0.040%
=Funding pays, the price is against you. Binance is 0.134% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.040%). If the spread goes back, that is −$13 on $10k: about 15 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.040% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.98 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 | KuCoin PEPEUSDTM | 0.000005086 | 0.0100 | pay 0.0100% / 8h | 2h 15m | $25.2M | $71.2M | 75x |
| Short | Binance 1000PEPEUSDT | 0.000005081 | 0.0798 | get 0.0798% / 8h | 2h 15m | $142.1M | $1.42B | 75x |
KuCoin PEPEUSDTM
Binance 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $146.66
- Price spread: −0.094% → +0.040%
- −$13.43
- Slippage, 4 orders
- −$23.96
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $87.27
- Costs to cover
- 0.460%
- Break-even
- 2.8 days
Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 14 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, 4 min ago | 2.75 bp | 12.8 bp −$13 | 23.5 bp −$235 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.10 bp | 7.2 bp −$7 | 12.7 bp −$127 | 32.6 bp −$3,263 | 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 | 0.000005075 | −0.227% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005085 | −0.029% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005080 | −0.122% | $58K | $178K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005080 | −0.122% | $99.8M | $407.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005080 | −0.122% | $162.7M | $94.8M | 75x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0100% | 8h | 0.000005086 | long leg | $25.2M | $71.2M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005080 | −0.129% | $607K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005083 | −0.056% | $28K | $540K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005088 | +0.043% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005090 | +0.069% | $573K | $4.1M | 75x | 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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005092 | +0.118% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0214% | 1h | 0.000005085 | −0.024% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0333% | 8h | 0.000005083 | −0.063% | $45.3M | $211.4M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0392% | 8h | 0.000005084 | −0.045% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0424% | 8h | 0.000005077 | −0.181% | $46.8M | $699.3M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0549% | 8h | 0.000005084 | −0.043% | $4.4M | $28.6M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0570% | 8h | 0.000005081 | −0.093% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0627% | 8h | 0.000005086 | −0.004% | $2.4M | $7.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0640% | 1h | 0.000005088 | +0.035% | $602K | $9.1M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0662% | 1h | 0.000005084 | −0.043% | $70K | $840K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0671% | 1h | 0.000005093 | +0.144% | $166K | $945K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005085 | −0.024% | $613 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005085 | −0.024% | $660K | $37.4M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0734% | 1h | 0.000005084 | −0.043% | $73K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0761% | 8h | 0.000005083 | −0.061% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDTshort | +0.0798% | 8h | 0.000005081 | −0.094% | $142.1M | $1.42B | 75x | |
| MEXC PEPE_USDT | +0.0799% | 8h | 0.000005078 | −0.159% | $97.9M | $303.4M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005083 | −0.060% | $539K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005088 | +0.035% | $144K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0839% | 8h | 0.000005085 | −0.029% | $1.8M | $11.3M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0840% | 1h | 0.000005083 | −0.072% | $4.6M | $16.7M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0865% | 1h | 0.000005080 | −0.122% | $156K | $815K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1003% | 1h | 0.000005089 | +0.055% | $54.0M | $153.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2171% | 1h | 0.000005000 | −1.695% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005027 | −1.164% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP