PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0247%/8h= +27.1% APRnext payment +$2.47 per $10,000 · paid last 24h +0.012%

Price spread now: OKX against KuCoin−0.015%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.026%−$3 · spread now −0.015%, 7d avg −0.004%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.47 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	0.000005172	0.0120	pay 0.0120% / 8h	19m 07s	$27.0M	$74.0M	75x
Short	OKX PEPE-USDT-SWAP	0.000005171	0.0367	get 0.0367% / 8h	19m 07s	$47.9M	$750.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $51.88
Price spread: −0.015% → −0.004%: −$1.14
Slippage, 4 orders: −$21.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $7.61
Costs to cover: 0.431%
Break-even: 6.0 days

Slippage from KuCoin: live order book, 10 min ago; OKX: live order book, 5 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	1.45 bp	13.4 bp −$13	28.8 bp −$288	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.97 bp	6.1 bp −$6	12.0 bp −$120	34.0 bp −$3,396	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	0.000005162	−0.189%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005169	−0.058%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005169	−0.054%	$60K	$184K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005169	−0.054%	$99.7M	$430.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005166	−0.112%	$163.9M	$99.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005163	−0.178%	$615K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005175	+0.060%	$28K	$547K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005180	+0.153%	$1K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005174	+0.041%	$603K	$4.2M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0120%	8h	0.000005172	long leg	$27.0M	$74.0M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX 1000PEPE-USD	+0.0151%	1h	0.000005173	+0.023%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005171	−0.008%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0256%	8h	0.000005169	−0.050%	$46.4M	$220.0M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0312%	1h	0.000005181	+0.178%	$151K	$834K	25x	as long as short
OKX PEPE-USDT-SWAPshort	+0.0367%	8h	0.000005171	−0.015%	$47.9M	$750.0M	50x
Injective PEPE/USDC PERP	+0.0404%	1h	0.000005160	−0.228%	$8K	$120K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0415%	8h	0.000005174	+0.050%	$34K	$26K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0462%	8h	0.000005169	−0.048%	$6K	—	20x	as long as short
Phemex u1000PEPEUSDT	+0.0471%	8h	0.000005163	−0.160%	$2.4M	$8.1M	50x	as long as short
BloFin PEPE-USDT	+0.0484%	8h	0.000005167	−0.093%	$4.5M	$30.4M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0522%	1h	0.000005170	−0.025%	$80K	$889K	15x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0544%	1h	0.000005170	−0.035%	$688K	$39.9M	50x	as long as short
Lighter 1000PEPE	+0.0552%	1h	0.000005174	+0.043%	$621K	$9.1M	10x	as long as short
Nado kPEPE-PERP	+0.0697%	1h	0.000005170	−0.039%	$166K	$958K	10x	as long as short
BingX 1000PEPE-USDC	+0.0697%	8h	0.000005170	−0.031%	—	$2.3M	—	as long as short
01 Exchange kPEPEUSD	+0.0704%	1h	0.000005177	+0.101%	$624	$2K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0710%	1h	0.000005170	−0.041%	$4.8M	$16.7M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0717%	1h	0.000005173	+0.023%	$74K	$127K	25x	as long as short
Extended 1000PEPE-USD	+0.0720%	1h	0.000005171	−0.018%	$542K	$284K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	0.000005176	+0.081%	$146K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0722%	8h	0.000005171	−0.021%	$142.6M	$1.50B	75x	as long as short
MEXC PEPE_USDT	+0.0722%	8h	0.000005171	−0.010%	$102.0M	$308.1M	300x	as long as short
Aster 1000PEPEUSDT	+0.0722%	8h	0.000005171	−0.012%	$1.8M	$11.9M	50x	as long as short
Hyperliquid kPEPE	+0.0943%	1h	0.000005174	+0.043%	$53.9M	$159.2M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1068% / S −0.1281%	1h	0.000005000	−3.322%	$50K	—	100x	as long as short