Funding you earn now, next payment 05:00 UTC−0.1492%/8h= −163.4% APRpaid last 24h −0.187%
Price spread now: KuCoin against Kraken Futures+0.060%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$700.703% of the position
Funding, last 7 days−0.158%−$16 on $10k
+Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.060%, 7d avg −0.007%
=The price spread pays, funding is against you. KuCoin is 0.068% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.007%): +$7 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.158% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.158% in total (about -8.2% 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 | Kraken Futures PF_PEPEUSD | 0.000005129 | 0.1592 | pay 0.0199% / 1h | 3m 52s | $4.7M | $16.5M | 50x |
| Short | KuCoin PEPEUSDTM | 0.000005132 | 0.0100 | get 0.0100% / 8h | 3h 03m | $25.7M | $69.0M | 75x |
Kraken Futures PF_PEPEUSD
KuCoin PEPEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Kraken Futures. 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
- −$313.28
- Price spread: +0.060% → −0.007%
- $6.77
- Slippage, 4 orders
- −$48.27
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$376.78
- Costs to cover
- 0.703%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 10 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 Kraken Futures live order book, 5 min ago | 9.62 bp | 23.5 bp −$23 | 34.2 bp −$342 | 85.7 bp −$8,572 | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 1.82 bp | 15.0 bp −$15 | 27.4 bp −$274 | 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 | 0.000005133 | +0.063% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005124 | −0.098% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +3.854% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005141 | +0.228% | $64K | $164K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005127 | −0.045% | $103.8M | $388.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005124 | −0.104% | $168.3M | $90.0M | 75x | as long as short |
| KuCoin PEPEUSDTMshort | +0.0100% | 8h | 0.000005132 | +0.060% | $25.7M | $69.0M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005143 | +0.259% | $603K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005185 | +1.095% | $28K | $535K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005145 | +0.302% | $2K | $2.6M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005134 | +0.099% | $576K | $4.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005139 | +0.186% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0345% | 8h | 0.000005132 | +0.052% | $49.4M | $192.7M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0410% | 8h | 0.000005134 | +0.086% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005132 | +0.052% | $49.1M | $672.6M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0508% | 1h | 0.000005135 | +0.111% | $2K | $10K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0530% | 1h | 0.000005129 | −0.006% | $73K | $127K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005149 | +0.384% | $4.7M | $28.2M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0566% | 8h | 0.000005139 | +0.192% | $6K | — | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005136 | +0.130% | $669K | $36.1M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0731% | 8h | 0.000005135 | +0.103% | $2.4M | $7.7M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0784% | 8h | 0.000005127 | −0.039% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0817% | 1h | 0.000005160 | +0.598% | $159K | $810K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0830% | 8h | 0.000005130 | +0.013% | $96.5M | $298.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0831% | 8h | 0.000005130 | +0.006% | $147.3M | $1.35B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0832% | 1h | 0.000005131 | +0.042% | $544K | $242K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0832% | 1h | 0.000005132 | +0.052% | $145K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0890% | 1h | 0.000005139 | +0.196% | $175K | $924K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0910% | 8h | 0.000005134 | +0.089% | $1.8M | $10.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005146 | +0.325% | $621 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1024% / S −0.1916% | 1h | 0.000005000 | −2.521% | $65K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.1096% | 1h | 0.000005135 | +0.111% | $630K | $8.9M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1138% | 1h | 0.000005131 | +0.035% | $67K | $723K | 15x | as long as short |
| Hyperliquid kPEPE | +0.1449% | 1h | 0.000005136 | +0.130% | $55.6M | $146.6M | 10x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.1592% | 1h | 0.000005129 | long leg | $4.7M | $16.5M | 50x |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
ApeX Omni 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE