Funding you earn now, next payment 11:00 UTC−0.0471%/8h= −51.6% APRpaid last 24h +0.229%
Price spread now: Kraken Futures against KuCoin−0.030%52s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as 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−$500.505% of the position
Funding, last 7 days+0.222%+$22 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.030%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.222%, so the current rate has only just turned against you. The two prices were read 52 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 0.222% in total (about 11.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PEPEUSDTM | 0.000004946 | 0.0100 | pay 0.0100% / 8h | 5h 43m | $24.9M | $75.8M | 75x |
| Short | Kraken Futures PF_PEPEUSD | 0.000004944 | −0.0371 | pay 0.0046% / 1h | 43m 25s | $4.6M | $15.8M | 50x |
KuCoin PEPEUSDTM
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$98.91
- Price spread: −0.030% → −0.023%
- −$0.61
- Slippage, 4 orders
- −$28.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$150
- Costs to cover
- 0.505%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago | 1.11 bp | 12.9 bp −$13 | 28.7 bp −$287 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 0.91 bp | 10.7 bp −$11 | 14.9 bp −$149 | 69.8 bp −$6,975 | doesn't fit |
PEPE on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSDshort | −0.0371% | 1h | 0.000004944 | −0.030% | $4.6M | $15.8M | 50x | |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004937 | −0.180% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0056% | 1h | 0.000004948 | +0.044% | $597 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004949 | +0.065% | $596K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004949 | +0.062% | $146K | $942K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004949 | +0.065% | $50.1M | $155.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004948 | +0.044% | $57K | $194K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004950 | +0.087% | $94.1M | $441.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004946 | +0.004% | $152.0M | $102.2M | 75x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0100% | 8h | 0.000004946 | long leg | $24.9M | $75.8M | 75x |
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Nado kPEPE-PERP
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004945 | −0.022% | $43.5M | $231.3M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004947 | +0.018% | $75K | $990K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004946 | +0.009% | $642K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004942 | −0.082% | $27K | $572K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004942 | −0.077% | $109K | $868K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004948 | +0.044% | $2K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004946 | +0.004% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004946 | +0.008% | $580K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004943 | −0.063% | $2.3M | $8.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0109% | 8h | 0.000004945 | −0.008% | $6K | — | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0110% | 8h | 0.000004954 | +0.166% | $44.4M | $720.6M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0154% | 1h | 0.000004947 | +0.024% | $57K | $115K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004937 | −0.172% | $7K | — | 15x | as long as short |
| Extended 1000PEPE-USD | +0.0240% | 1h | 0.000004951 | +0.108% | $517K | $285K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0240% | 1h | 0.000004947 | +0.024% | $140K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0240% | 8h | 0.000004951 | +0.115% | $128.2M | $1.52B | 75x | as long as short |
| BloFin PEPE-USDT | +0.0240% | 8h | 0.000004938 | −0.158% | $4.3M | $28.6M | 75x | as long as short |
| MEXC PEPE_USDT | +0.0247% | 8h | 0.000004943 | −0.049% | $102.0M | $295.7M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0253% | 8h | 0.000004950 | +0.090% | $1.7M | $12.5M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0268% | 8h | 0.000004944 | −0.040% | — | $2.3M | — | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004939 | −0.137% | $4K | $122K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0329% | 8h | 0.000004951 | +0.105% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004938 | −0.158% | $731K | $38.8M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0839% / S −0.0953% | 1h | 0.000004000 | −19.123% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.1597% | 1h | 0.000004946 | +0.009% | $25K | $18K | 10x | as long as short |
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
Reya kPEPERUSDPERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
BloFin PEPE-USDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
BingX 1000PEPE-USDC
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD