Funding you earn now, next payment 07:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h +0.112%
Price spread now: Injective against KuCoin−0.560%70s7-day average +0.616% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as 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−$1161.162% of the position
Funding, last 7 days+0.388%+$39 on $10k
+Price spread, last 4 days (all we have)+0.639%+$64 · spread now −0.560%, 7d avg +0.616%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 1.177% cheaper against KuCoin than usual: you would sell low and buy high (−$118 if the spread goes back to its 7-day average of +0.616%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.388%, so the current rate has only just turned against you. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PEPEUSDTM | 0.000005157 | 0.0100 | pay 0.0100% / 8h | 1h 44m | $26.0M | $72.1M | 75x |
| Short | Injective PEPE/USDC PERP | 0.000005128 | −0.0016 | pay 0.0002% / 1h | 44m 07s | $10K | $119K | 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
- −$24.45
- Price spread: −0.560% → +0.616%
- −$117.67
- Slippage, 4 orders
- −$104.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$258.3
- Costs to cover
- 1.162%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Injective: live order book, 64 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, 5 min ago | 1.45 bp | 11.4 bp −$11 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell Injective live order book, 64 min ago | 16.91 bp | 16.9 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERPshort | −0.0016% | 1h | 0.000005128 | −0.560% | $10K | $119K | 12x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005170 | +0.253% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005160 | +0.070% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005172 | +0.293% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005154 | −0.056% | $101.6M | $415.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005153 | −0.076% | $164.5M | $96.3M | 75x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0100% | 8h | 0.000005157 | long leg | $26.0M | $72.1M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005133 | −0.471% | $612K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005156 | −0.014% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005164 | +0.136% | $2K | $2.6M | 20x | 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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005163 | +0.116% | $595K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0121% | 1h | 0.000005158 | +0.021% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005166 | +0.182% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0299% | 8h | 0.000005153 | −0.070% | $46.1M | $214.5M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0382% | 8h | 0.000005160 | +0.052% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0416% | 1h | 0.000005153 | −0.068% | $74K | $855K | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000005155 | −0.037% | $48.3M | $726.7M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005153 | −0.076% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0505% | 8h | 0.000005171 | +0.281% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0526% | 1h | 0.000005159 | +0.041% | $74K | $127K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0542% | 8h | 0.000005170 | +0.254% | $4.6M | $29.7M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0566% | 8h | 0.000005156 | −0.016% | $2.4M | $8.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0577% | 1h | 0.000005157 | +0.002% | $156K | $821K | 25x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000005159 | +0.041% | $620K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005160 | +0.060% | $679K | $38.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000005173 | +0.312% | $624 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0730% | 1h | 0.000005162 | +0.097% | $164K | $957K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0743% | 8h | 0.000005156 | −0.023% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005158 | +0.021% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0770% | 8h | 0.000005155 | −0.037% | $99.2M | $303.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0773% | 8h | 0.000005156 | −0.012% | $142.8M | $1.45B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0776% | 1h | 0.000005156 | −0.020% | $547K | $286K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0785% | 8h | 0.000005161 | +0.072% | $1.8M | $11.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0985% | 1h | 0.000005159 | +0.041% | $55.2M | $154.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.043% | $64K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]