PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0218%/8h= +23.9% APRnext payment +$2.18 per $10,000 · paid last 24h +0.048%

Price spread now: BloFin against KuCoin−0.471%80s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$500.496% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.234%+$23 on $10k

Price spread, last 3 days (all we have)+0.536%+$54 · spread now −0.471%, 7d avg +0.016%

Together, before fees+0.770%+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.487% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.471% now, against its 7-day average of +0.016%). If the spread goes back, that is −$49 on $10k: about 7.4 days of funding at the current rate (+$7 a day). The two prices were read 80 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	KuCoin PEPEUSDTM	0.000005032	0.0100	pay 0.0100% / 8h	6h 47m	$25.3M	$59.2M	75x
Short	BloFin PEPE-USDT	0.000005008	0.0318	get 0.0318% / 8h	6h 47m	$4.2M	$24.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now −0.471%Rate

Funding earned: $45.76
Price spread: −0.471% → +0.016%: −$48.67
Slippage, 4 orders: −$25.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$52.48
Costs to cover: 0.496%
Break-even: 15.0 days

Slippage from KuCoin: live order book, 6 min ago; BloFin: live order book, 6 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, 6 min ago	2.52 bp	15.9 bp −$16	31.4 bp −$314	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	1.01 bp	8.7 bp −$9	12.1 bp −$121	38.6 bp −$3,858	109.7 bp −$54.9K

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	0.000005017	−0.298%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005008	−0.463%	$3K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005027	−0.093%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005023	−0.179%	$96.9M	$319.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005028	−0.074%	$159.8M	$69.6M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000005032	long leg	$25.3M	$59.2M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000005028	−0.074%	$44.6M	$158.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004998	−0.675%	$557K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004981	−1.008%	$46K	$387K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004999	−0.650%	$106K	$751K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005032	−0.002%	$2K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005022	−0.193%	$559K	$3.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005031	−0.018%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005013	−0.367%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000005030	−0.034%	$44.4M	$557.0M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000005026	−0.119%	$33K	$22K	20x	as long as short
BloFin PEPE-USDTshort	+0.0318%	8h	0.000005008	−0.471%	$4.2M	$24.6M	75x
Paradex kPEPE-USD-PERP	+0.0395%	8h	0.000005026	−0.111%	$6K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005015	−0.332%	$660K	$28.7M	50x	as long as short
BingX 1000PEPE-USDT	+0.0450%	8h	0.000005031	−0.014%	—	$258.0M	—	as long as short
MEXC PEPE_USDT	+0.0479%	8h	0.000005035	+0.070%	$95.9M	$288.0M	300x	as long as short
Extended 1000PEPE-USD	+0.0480%	1h	0.000005034	+0.043%	$552K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0480%	1h	0.000005027	−0.093%	$142K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0481%	8h	0.000005034	+0.044%	$139.5M	$1.16B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0505% / S −0.0410%	1h	0.000005000	−0.630%	$63K	—	100x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0547%	1h	0.000005023	−0.173%	$61K	$114K	25x	as long as short
Aster 1000PEPEUSDT	+0.0561%	8h	0.000005030	−0.027%	$1.7M	$8.0M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0599%	1h	0.000005023	−0.173%	$2K	$12K	10x	as long as short
Nado kPEPE-PERP	+0.0610%	1h	0.000005015	−0.327%	$177K	$883K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0829%	1h	0.000005024	−0.160%	$3.9M	$14.4M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0850%	1h	0.000005036	+0.091%	$101K	$624K	15x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005024	−0.153%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0936%	1h	0.000005034	+0.046%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1168%	1h	0.000005027	−0.093%	$646K	$6.8M	10x	as long as short
Hyperliquid kPEPE	+0.2577%	1h	0.000005039	+0.145%	$55.6M	$134.8M	10x	as long as short