Funding you earn now, next payment 08:00 UTC−0.0366%/8h= −40.0% APRnext payment −$3.66 per $10,000 · paid last 24h −0.038%
Price spread now: KuCoin against Binance+0.014%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 7 days−0.035%−$3 · spread now +0.014%, 7d avg −0.038%
=The price spread pays, funding is against you. KuCoin is 0.052% dearer against Binance than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.038%): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.039% in total) that is about 9.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.66 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 | Binance 1000PEPEUSDT | 0.000004980 | 0.0466 | pay 0.0466% / 8h | 7h 00m | $137.1M | $1.14B | 75x |
| Short | KuCoin PEPEUSDTM | 0.000004981 | 0.0100 | get 0.0100% / 8h | 7h 00m | $25.0M | $58.2M | 75x |
Binance 1000PEPEUSDT
KuCoin PEPEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- −$76.77
- Price spread: +0.014% → −0.038%
- $5.24
- Slippage, 4 orders
- −$24.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$117.6
- Costs to cover
- 0.461%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; KuCoin: 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 Binance live order book, 13 min ago | 0.20 bp | 7.5 bp −$7 | 15.1 bp −$151 | 42.7 bp −$4,269 | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 1.59 bp | 12.9 bp −$13 | 18.9 bp −$189 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0118% | 1h | 0.000004971 | −0.177% | $3.9M | $14.3M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004989 | +0.177% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004974 | −0.118% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004990 | +0.195% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004975 | −0.110% | $95.1M | $313.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004986 | +0.114% | $160.4M | $69.8M | 75x | as long as short |
| KuCoin PEPEUSDTMshort | +0.0100% | 8h | 0.000004981 | +0.014% | $25.0M | $58.2M | 75x | |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004977 | −0.058% | $44.1M | $156.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004975 | −0.114% | $544K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005028 | +0.950% | $46K | $387K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004985 | +0.094% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004979 | −0.026% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004975 | −0.110% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004974 | −0.118% | $2.4M | $6.8M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0154% | 1h | 0.000005019 | +0.777% | $110K | $751K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0188% | 8h | 0.000004974 | −0.126% | $43.9M | $544.0M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004976 | −0.085% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0270% | 8h | 0.000004980 | −0.006% | $32K | $22K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0308% | 8h | 0.000004979 | −0.026% | $4.2M | $24.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0312% | 8h | 0.000004989 | +0.169% | $6K | $16 | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0353% | 1h | 0.000004975 | −0.106% | $60K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004979 | −0.026% | $640K | $27.9M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0452% | 8h | 0.000004987 | +0.133% | — | $257.8M | — | as long as short |
| Binance 1000PEPEUSDTlong | +0.0466% | 8h | 0.000004980 | long leg | $137.1M | $1.14B | 75x | |
| MEXC PEPE_USDT | +0.0470% | 8h | 0.000004995 | +0.295% | $95.5M | $293.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0472% | 1h | 0.000004985 | +0.092% | $546K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0472% | 1h | 0.000004996 | +0.315% | $141K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0500% / S −0.0407% | 1h | 0.000004000 | −19.684% | $62K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0525% | 8h | 0.000004989 | +0.172% | $1.7M | $7.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0618% | 1h | 0.000004974 | −0.133% | $183K | $868K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005004 | +0.476% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.0656% | 1h | 0.000004995 | +0.295% | $644K | $6.9M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0658% | 1h | 0.000004974 | −0.116% | $98K | $607K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000004989 | +0.175% | $1K | $2K | 10x | as long as short |
| Hyperliquid kPEPE | +0.2313% | 1h | 0.000004995 | +0.295% | $55.4M | $133.5M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Hyperliquid kPEPE