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Funding arb · Price arb /

PEPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0388%/8h= +42.5% APRnext payment +$3.88 per $10,000 · paid last 24h +0.038%
Price spread now: MEXC against KuCoin+0.010%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Long on KuCoinShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 7 days−0.006%−$1 · spread now +0.010%, 7d avg +0.044%
Together, before fees+0.033%+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.034% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.044%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.040% in total) that is about 6.0 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 +$3.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PEPEUSDTM0.0000050180.0100pay 0.0100% / 8h6h 44m$25.1M$59.3M75x
ShortMEXC PEPE_USDT0.0000050180.0488get 0.0488% / 8h6h 44m$95.0M$288.2M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
$81.48
Price spread: +0.010% → +0.044%
−$3.41
Slippage, 4 orders
−$22.18
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
$43.89
Costs to cover
0.342%
Break-even
3.2 days
Slippage from KuCoin: live order book, 9 min ago; MEXC: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 9 min ago2.52 bp15.9 bp −$1631.4 bp −$314doesn't fitdoesn't fit
Sell MEXC live order book, 9 min ago0.80 bp2.2 bp −$218.6 bp −$18649.1 bp −$4,90876.0 bp −$38.0K

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000005009−0.181%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004997−0.417%$3K—150xas long as short
Pacifica kPEPE+0.0100%1h0.000005012−0.116%$61K$125K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005009−0.169%$96.8M$319.8M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005004−0.275%$159.1M$69.8M75xas long as short
KuCoin PEPEUSDTMlong+0.0100%8h0.000005018long leg$25.1M$59.3M75x
Bitget PEPEUSDT+0.0100%8h0.000005016−0.034%$44.5M$158.6M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005015−0.061%$559K$4.5M—as long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005028+0.202%$46K$388K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005008−0.203%$2K$2.5M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005004−0.277%$557K$3.6M75xas long as short
Phemex u1000PEPEUSDT+0.0100%8h0.000004996−0.442%$2.4M$6.8M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0158%1h0.000005031+0.263%$107K$752K25xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005002−0.323%$8K—15xas long as short
OKX PEPE-USDT-SWAP+0.0208%8h0.000005021+0.064%$44.4M$556.7M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0275%8h0.000005001−0.343%$33K$23K20xas long as short
BloFin PEPE-USDT+0.0318%8h0.000005008−0.195%$4.2M$24.6M75xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0424%1h0.000005009−0.175%$646K$28.7M50xas long as short
Paradex kPEPE-USD-PERP+0.0434%8h0.000005020+0.047%$6K$1620xas long as short
BingX 1000PEPE-USDT+0.0457%8h0.000005012−0.116%—$258.1M—as long as short
Aevo 1000PEPE-PERP+0.0480%1h0.000005004−0.275%$141K—3xas long as short
Extended 1000PEPE-USD+0.0488%1h0.000005009−0.181%$552K$199K25xas long as short
MEXC PEPE_USDTshort+0.0488%8h0.000005018+0.010%$95.0M$288.2M300x
Binance 1000PEPEUSDT+0.0489%8h0.000005016−0.044%$140.2M$1.16B75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0505% / S −0.0411%1h0.000004000−20.284%$62K—100xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0550%1h0.000005001−0.335%$61K$114K25xas long as short
SoDEX 1000PEPE-USD+0.0552%1h0.000005001−0.335%$2K$12K10xas long as short
Aster 1000PEPEUSDT+0.0566%8h0.000005009−0.168%$1.7M$8.0M50xas long as short
Nado kPEPE-PERP+0.0628%1h0.000005001−0.331%$177K$883K10xas long as short
Kraken Futures PF_PEPEUSD+0.0833%1h0.000005001−0.330%$3.9M$14.4M50xas long as short
Backpack kPEPE_USDC_PERP+0.0862%1h0.000005005−0.249%$102K$625K15xas long as short
Injective PEPE/USDC PERP+0.0909%1h0.000005035+0.343%$4K$102K12xas long as short
01 Exchange kPEPEUSD+0.0968%1h0.000005007−0.215%$1K$2K10xas long as short
Lighter 1000PEPE+0.1248%1h0.000005017−0.016%$649K$6.8M10xas long as short
Hyperliquid kPEPE+0.2497%1h0.000005021+0.064%$55.5M$134.9M10xas long as short