Funding you earn now, next payment 00:00 UTC+0.0708%/8h= +77.5% APRnext payment +$7.08 per $10,000 · paid last 24h +0.012%
Price spread now: BingX against KuCoin+0.106%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days−0.125%−$13 · spread now +0.106%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and BingX is 0.103% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.002%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.08 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 | 0.000004827 | 0.0100 | pay 0.0100% / 8h | 2h 20m | $25.1M | $53.1M | 75x |
| Short | BingX 1000PEPE-USDT | 0.000004832 | 0.0808 | get 0.0808% / 8h | 2h 20m | — | $255.1M | — |
KuCoin PEPEUSDTM
BingX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $148.68
- Price spread: +0.106% → +0.002%
- $10.34
- Slippage, 4 orders
- −$19.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $117.97
- Costs to cover
- 0.411%
- Break-even
- 1.4 days
Slippage from KuCoin: live order book, 4 min ago; BingX: live order book, 4 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 | 2.98 bp | 14.7 bp −$15 | 24.7 bp −$247 | 61.9 bp −$6,186 | doesn't fit |
| Sell BingX live order book, 4 min ago | 0.41 bp | 6.3 bp −$6 | 9.3 bp −$93 | 16.1 bp −$1,609 | 40.0 bp −$20.0K |
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 | 0.000004828 | +0.029% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004824 | −0.054% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004830 | +0.066% | $57.9M | $71.4M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004835 | +0.170% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004830 | +0.058% | $88.0M | $274.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004826 | −0.017% | $150.8M | $62.1M | 75x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0100% | 8h | 0.000004827 | long leg | $25.1M | $53.1M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004844 | +0.361% | $709K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004858 | +0.647% | $27K | $338K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004837 | +0.203% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004842 | +0.309% | $557K | $3.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0153% | 8h | 0.000004833 | +0.128% | $41.4M | $488.2M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0180% | 8h | 0.000004828 | +0.031% | $42.7M | $152.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004831 | +0.077% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0271% | 8h | 0.000004842 | +0.315% | $3.8M | $21.9M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −17.129% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0400% | 8h | 0.000004835 | +0.170% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004830 | +0.066% | $579K | $25.3M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0470% | 8h | 0.000004836 | +0.199% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0487% | 8h | 0.000004829 | +0.053% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0528% | 1h | 0.000004837 | +0.211% | $615K | $5.2M | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004861 | +0.709% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0668% | 1h | 0.000004835 | +0.160% | $93K | $623K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0714% | 1h | 0.000004834 | +0.149% | $189K | $848K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0758% | 1h | 0.000004832 | +0.098% | $3.9M | $13.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0786% | 1h | 0.000004830 | +0.066% | $82K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDTshort | +0.0808% | 8h | 0.000004832 | +0.106% | — | $255.1M | — | |
| SoDEX 1000PEPE-USD | +0.0815% | 1h | 0.000004833 | +0.128% | $2K | $9K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0840% | 1h | 0.000004860 | +0.688% | $101K | $761K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0848% | 1h | 0.000004839 | +0.253% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0855% | 8h | 0.000004829 | +0.050% | $91.0M | $290.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0855% | 8h | 0.000004837 | +0.206% | $128.7M | $1.02B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0856% | 1h | 0.000004832 | +0.109% | $532K | $147K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0896% | 8h | 0.000004831 | +0.082% | $1.5M | $6.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1232% | 1h | 0.000004842 | +0.315% | $555 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD