Funding you earn now, next payment 09:00 UTC+0.0521%/8h= +57.0% APRpaid last 24h +0.115%
Price spread now: Extended against KuCoin−0.132%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days+0.115%+$11 on $10k
+Price spread, last 4 days (all we have)−0.281%−$28 · spread now −0.132%, 7d avg −0.022%
=Together, before fees−0.166%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.110% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.022%). If the spread goes back, that is −$11 on $10k: about 17 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.115% in total) that is about 6.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% 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 | 0.000005154 | 0.0159 | pay 0.0159% / 8h | 7h 47m | $26.9M | $74.7M | 75x |
| Short | Extended 1000PEPE-USD | 0.000005147 | 0.0680 | get 0.0085% / 1h | 47m 16s | $539K | $280K | 25x |
KuCoin PEPEUSDTM
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $109.41
- Price spread: −0.132% → −0.022%
- −$11.02
- Slippage, 4 orders
- −$24.77
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $56.62
- Costs to cover
- 0.418%
- Break-even
- 3.4 days
Slippage from KuCoin: live order book, 2 min ago; Extended: 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, 2 min ago | 0.68 bp | 12.2 bp −$12 | 21.8 bp −$218 | doesn't fit | doesn't fit |
| Sell Extended live order book, 50 min ago | 3.88 bp | 8.4 bp −$8 | 44.2 bp −$442 | 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 | 0.000005150 | −0.079% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005148 | −0.114% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005158 | +0.083% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005147 | −0.130% | $99.1M | $435.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005150 | −0.072% | $163.7M | $99.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005142 | −0.234% | $636K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005131 | −0.444% | $28K | $550K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005160 | +0.120% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005154 | +0.004% | $603K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0109% | 8h | 0.000005148 | −0.107% | $2.4M | $8.1M | 50x | 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
Phemex u1000PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005135 | −0.363% | $8K | $120K | 12x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0159% | 8h | 0.000005154 | long leg | $26.9M | $74.7M | 75x | |
| SoDEX 1000PEPE-USD | +0.0175% | 1h | 0.000005149 | −0.091% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005149 | −0.093% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0223% | 8h | 0.000005145 | −0.169% | $46.2M | $222.0M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0333% | 1h | 0.000005149 | −0.091% | $73K | $128K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0341% | 8h | 0.000005149 | −0.091% | $47.4M | $752.5M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0360% | 1h | 0.000005128 | −0.499% | $149K | $835K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0428% | 8h | 0.000005156 | +0.054% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0431% | 8h | 0.000005149 | −0.099% | $34K | $26K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0461% | 8h | 0.000005148 | −0.111% | $4.5M | $30.6M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0468% | 1h | 0.000005149 | −0.083% | $77K | $895K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005155 | +0.025% | $672K | $40.1M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0560% | 1h | 0.000005164 | +0.200% | $623 | $2K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0569% | 1h | 0.000005159 | +0.103% | $53.4M | $160.1M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0607% | 1h | 0.000005153 | −0.007% | $165K | $965K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0616% | 1h | 0.000005145 | −0.176% | $4.8M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0648% | 8h | 0.000005151 | −0.054% | — | $2.3M | — | as long as short |
| Lighter 1000PEPE | +0.0664% | 1h | 0.000005151 | −0.052% | $624K | $9.0M | 10x | as long as short |
| MEXC PEPE_USDT | +0.0676% | 8h | 0.000005153 | −0.019% | $100.6M | $306.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0677% | 8h | 0.000005153 | −0.023% | $142.3M | $1.51B | 75x | as long as short |
| Extended 1000PEPE-USDshort | +0.0680% | 1h | 0.000005147 | −0.132% | $539K | $280K | 25x | |
| Aevo 1000PEPE-PERP | +0.0680% | 1h | 0.000005148 | −0.111% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0696% | 8h | 0.000005152 | −0.033% | $1.7M | $12.0M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1020% / S −0.1149% | 1h | 0.000005000 | −2.982% | $51K | — | 100x | as long as short |
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Hyperliquid kPEPE
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Lighter 1000PEPE
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]