Funding you earn now, next payment 06:00 UTC+0.1279%/8h= +140.1% APRpaid last 24h +0.096%
Price spread now: Injective against KuCoin+6.923%85s7-day average +0.557% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as 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−$1161.157% of the position
Funding, last 7 days+0.374%+$37 on $10k
+Price spread, last 4 days (all we have)−7.044%−$704 · spread now +6.923%, 7d avg +0.557%
=Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Injective is 6.365% dearer against KuCoin than usual: you sell high and buy low: +$637 more if the spread goes back to its 7-day average of +0.557%. The two prices were read 85 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 0.374% in total (about 19.5% 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 | 0.000004982 | 0.0100 | pay 0.0100% / 8h | 2h 53m | $24.8M | $69.9M | 75x |
| Short | Injective PEPE/USDC PERP | 0.000005327 | 0.1379 | get 0.0172% / 1h | 53m 51s | $3K | $111K | 12x |
KuCoin PEPEUSDTM
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $268.67
- Price spread: +6.923% → +0.557%
- $636.55
- Slippage, 4 orders
- −$103.73
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $789.47
- Costs to cover
- 1.157%
- Break-even
- from the start
Slippage from KuCoin: live order book, 10 min ago; Injective: live order book, 60 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 | 1.46 bp | 16.1 bp −$16 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell Injective live order book, 60 min ago | 17.87 bp | 17.9 bp −$18 | doesn't fit | 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 | 0.000004973 | −0.192% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004969 | −0.259% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004980 | −0.042% | $62K | $165K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004979 | −0.062% | $97.8M | $398.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004977 | −0.102% | $160.2M | $92.2M | 75x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0100% | 8h | 0.000004982 | long leg | $24.8M | $69.9M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004979 | −0.070% | $597K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004970 | −0.252% | $27K | $535K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004980 | −0.048% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004976 | −0.124% | $555K | $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 | 0.000004976 | −0.120% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0331% | 1h | 0.000004977 | −0.102% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0348% | 8h | 0.000004981 | −0.020% | $44.5M | $205.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0408% | 8h | 0.000004983 | +0.018% | $45.7M | $671.0M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0416% | 8h | 0.000004978 | −0.086% | $33K | $27K | 20x | as long as short |
| Lighter 1000PEPE | +0.0464% | 1h | 0.000004978 | −0.082% | $600K | $9.0M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0534% | 8h | 0.000004978 | −0.082% | $4.7M | $27.5M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0545% | 8h | 0.000004989 | +0.138% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0555% | 1h | 0.000004976 | −0.122% | $71K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0571% | 1h | 0.000004976 | −0.128% | $72K | $825K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000004986 | +0.078% | $601 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000004992 | +0.199% | $637K | $36.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0707% | 8h | 0.000004981 | −0.020% | $2.4M | $7.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0779% | 8h | 0.000004980 | −0.048% | — | $238.1M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004995 | +0.259% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0804% | 8h | 0.000004983 | +0.014% | $97.0M | $298.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0805% | 8h | 0.000004985 | +0.052% | $141.7M | $1.38B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004979 | −0.054% | $528K | $262K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0859% | 1h | 0.000004974 | −0.169% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0879% | 8h | 0.000004982 | 0.000% | $1.7M | $10.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0967% | 1h | 0.000004985 | +0.058% | $52.8M | $150.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.1022% | 1h | 0.000004981 | −0.024% | $166K | $939K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1041% / S −0.1471% | 1h | 0.000004000 | −19.713% | $69K | — | 100x | as long as short |
| Injective PEPE/USDC PERPshort | +0.1379% | 1h | 0.000005327 | +6.923% | $3K | $111K | 12x | |
| ApeX Omni 1000PEPEUSDT | +0.2033% | 1h | 0.000004976 | −0.122% | $153K | $812K | 25x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Lighter 1000PEPE
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
ApeX Omni 1000PEPEUSDT