Funding you earn now, next payment 08:00 UTC−0.0205%/8h= −22.4% APRnext payment −$2.05 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against Bitget−0.224%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$480.475% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 7 days+0.231%+$23 · spread now −0.224%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.201% cheaper against Bitget than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.05 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 | Bitget PEPEUSDT | 0.000005220 | 0.0305 | pay 0.0305% / 8h | 3h 21m | $50.7M | $190.8M | 75x |
| Short | KuCoin PEPEUSDTM | 0.000005209 | 0.0100 | get 0.0100% / 8h | 3h 21m | $25.9M | $68.5M | 75x |
Bitget PEPEUSDT
KuCoin PEPEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$43.05
- Price spread: −0.224% → −0.023%
- −$20.1
- Slippage, 4 orders
- −$23.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$110.68
- Costs to cover
- 0.475%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 2 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 Bitget live order book, 2 min ago | 1.24 bp | 11.2 bp −$11 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 1.15 bp | 16.1 bp −$16 | 25.3 bp −$253 | 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 | 0.000005200 | −0.378% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005205 | −0.289% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +2.046% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005211 | −0.176% | $66K | $162K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005221 | +0.025% | $106.8M | $381.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005212 | −0.157% | $171.9M | $88.7M | 75x | as long as short |
| KuCoin PEPEUSDTMshort | +0.0100% | 8h | 0.000005209 | −0.224% | $25.9M | $68.5M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005215 | −0.109% | $677K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005260 | +0.760% | $29K | $533K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005213 | −0.136% | $1K | $2.5M | 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 | 0.000005216 | −0.082% | $585K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005203 | −0.326% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTlong | +0.0305% | 8h | 0.000005220 | long leg | $50.7M | $190.8M | 75x | |
| Orderly PERP_1000PEPE_USDC | +0.0399% | 8h | 0.000005214 | −0.119% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0435% | 8h | 0.000005225 | +0.092% | $50.3M | $675.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0459% | 8h | 0.000005210 | −0.191% | $6K | — | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0481% | 1h | 0.000005223 | +0.054% | $2K | $10K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0562% | 8h | 0.000005240 | +0.379% | $4.9M | $28.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0678% | 8h | 0.000005222 | +0.033% | $2.5M | $7.6M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0711% | 1h | 0.000005210 | −0.195% | $74K | $126K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005220 | −0.004% | $723K | $36.2M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0762% | 8h | 0.000005228 | +0.140% | — | $235.8M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005210 | −0.195% | $147K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0804% | 8h | 0.000005215 | −0.100% | $98.9M | $296.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0804% | 8h | 0.000005225 | +0.096% | $152.2M | $1.33B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005221 | +0.017% | $553K | $231K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0843% | 1h | 0.000005254 | +0.647% | $161K | $808K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0890% | 1h | 0.000005205 | −0.299% | $187K | $916K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0913% | 8h | 0.000005220 | −0.008% | $1.8M | $10.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0964% / S −0.1931% | 1h | 0.000005000 | −4.218% | $64K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005209 | −0.215% | $628 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1149% | 1h | 0.000005215 | −0.100% | $68K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1224% | 1h | 0.000005226 | +0.111% | $632K | $8.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1564% | 1h | 0.000005219 | −0.023% | $56.8M | $145.8M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1565% | 1h | 0.000005218 | −0.041% | $4.8M | $16.4M | 50x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD