Funding you earn now, next payment 08:00 UTC+0.0399%/8h= +43.7% APRnext payment +$3.99 per $10,000 · paid last 24h +0.038%
Price spread now: MEXC against KuCoin+0.002%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−$340.339% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 7 days+0.002%$0 · spread now +0.002%, 7d avg +0.044%
=Funding pays, the price is against you. MEXC is 0.042% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.044%). If the spread goes back, that is −$4 on $10k: about 8 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 7.4 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 +$3.99 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 | 0.000005031 | 0.0100 | pay 0.0100% / 8h | 6h 35m | $24.8M | $59.7M | 75x |
| Short | MEXC PEPE_USDT | 0.000005031 | 0.0499 | get 0.0499% / 8h | 6h 35m | $94.3M | $289.1M | 300x |
KuCoin PEPEUSDTM
MEXC PEPE_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $83.79
- Price spread: +0.002% → +0.044%
- −$4.21
- Slippage, 4 orders
- −$21.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $45.65
- Costs to cover
- 0.339%
- Break-even
- 3.2 days
Slippage from KuCoin: live order book, 9 min ago; MEXC: 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, 9 min ago | 2.48 bp | 21.1 bp −$21 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.90 bp | 1.6 bp −$2 | 23.4 bp −$234 | 50.7 bp −$5,071 | 83.2 bp −$41.6K |
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 | 0.000005019 | −0.249% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005013 | −0.354% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005027 | −0.083% | $61K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005024 | −0.149% | $97.4M | $321.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005018 | −0.262% | $160.0M | $70.2M | 75x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0100% | 8h | 0.000005031 | long leg | $24.8M | $59.7M | 75x | |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005026 | −0.113% | $44.6M | $158.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005032 | +0.010% | $562K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005012 | −0.382% | $27K | $407K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005029 | −0.044% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Bitget PEPEUSDT
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 | 0.000005019 | −0.237% | $566K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005019 | −0.247% | $8K | — | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0216% | 8h | 0.000005027 | −0.080% | $2.4M | $6.8M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0220% | 8h | 0.000005031 | −0.004% | $44.6M | $561.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0274% | 8h | 0.000005025 | −0.117% | $33K | $23K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0298% | 1h | 0.000005020 | −0.223% | $106K | $751K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0318% | 8h | 0.000005008 | −0.461% | $4.2M | $24.6M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0348% | 1h | 0.000005021 | −0.203% | $61K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005024 | −0.143% | $664K | $28.9M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0470% | 8h | 0.000005021 | −0.201% | — | $2.3M | — | as long as short |
| Paradex kPEPE-USD-PERP | +0.0485% | 8h | 0.000005020 | −0.214% | $6K | $16 | 20x | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000005027 | −0.083% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDTshort | +0.0499% | 8h | 0.000005031 | +0.002% | $94.3M | $289.1M | 300x | |
| Binance 1000PEPEUSDT | +0.0503% | 8h | 0.000005027 | −0.089% | $140.7M | $1.16B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0504% | 1h | 0.000005023 | −0.163% | $552K | $199K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0506% / S −0.0383% | 1h | 0.000005000 | −0.620% | $65K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0587% | 8h | 0.000005024 | −0.151% | $1.7M | $8.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0622% | 1h | 0.000005026 | −0.108% | $177K | $880K | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0629% | 1h | 0.000005026 | −0.103% | $2K | $12K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0829% | 1h | 0.000005024 | −0.146% | $4.0M | $14.4M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0907% | 1h | 0.000005036 | +0.093% | $102K | $626K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005038 | +0.135% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005029 | −0.044% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1264% | 1h | 0.000005032 | +0.016% | $875K | $7.1M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2338% | 1h | 0.000005029 | −0.044% | $55.6M | $135.3M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Paradex kPEPE-USD-PERP
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
SoDEX 1000PEPE-USD
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE