Funding you earn now, next payment 08:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h +0.080%
Price spread now: ApeX Omni against KuCoin−0.521%82s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as 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−$500.500% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)+0.949%+$95 · spread now −0.521%, 7d avg +0.007%
=Funding pays, the price is against you. ApeX Omni is 0.529% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.521% now, against its 7-day average of +0.007%). If the spread goes back, that is −$53 on $10k: about 9.0 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.106% in total) that is about 35 days. The two prices were read 82 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 0.106% in total (about 5.5% a year). A funding rate is set anew for every payment. 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 | 0.000005181 | 0.0130 | pay 0.0130% / 8h | 9m 56s | $27.2M | $74.2M | 75x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000005154 | 0.0327 | get 0.0041% / 1h | 9m 56s | $150K | $834K | 25x |
KuCoin PEPEUSDTM
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $41.28
- Price spread: −0.521% → +0.007%
- −$52.86
- Slippage, 4 orders
- −$27.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$61.58
- Costs to cover
- 0.500%
- Break-even
- 17.4 days
Slippage from KuCoin: live order book, 9 min ago; ApeX Omni: live order book, 29 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 | 1.45 bp | 10.6 bp −$11 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 29 min ago | 5.32 bp | 12.3 bp −$12 | 104.5 bp −$1,045 | 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 | 0.000005174 | −0.142% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005176 | −0.089% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005173 | −0.154% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005170 | −0.212% | $99.8M | $430.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005176 | −0.097% | $164.1M | $99.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005152 | −0.563% | $615K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005148 | −0.637% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005191 | +0.187% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005185 | +0.075% | $605K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0128% | 1h | 0.000005182 | +0.019% | $2K | $11K | 10x | 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-USDT
HTX PEPE-USDT
SoDEX 1000PEPE-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTMlong | +0.0130% | 8h | 0.000005181 | long leg | $27.2M | $74.2M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005183 | +0.045% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0245% | 8h | 0.000005169 | −0.234% | $46.4M | $220.4M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0327% | 1h | 0.000005154 | −0.521% | $150K | $834K | 25x | |
| OKX PEPE-USDT-SWAP | +0.0359% | 8h | 0.000005170 | −0.212% | $48.0M | $751.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005163 | −0.347% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0416% | 8h | 0.000005182 | +0.021% | $34K | $26K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0443% | 8h | 0.000005182 | +0.021% | $2.4M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0461% | 8h | 0.000005169 | −0.238% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0481% | 8h | 0.000005154 | −0.521% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0505% | 1h | 0.000005178 | −0.054% | $78K | $891K | 15x | as long as short |
| Lighter 1000PEPE | +0.0544% | 1h | 0.000005184 | +0.058% | $622K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005185 | +0.077% | $679K | $40.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0685% | 8h | 0.000005177 | −0.068% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0703% | 1h | 0.000005180 | −0.014% | $165K | $959K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0704% | 1h | 0.000005183 | +0.039% | $625 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0709% | 1h | 0.000005179 | −0.045% | $4.8M | $16.7M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0709% | 8h | 0.000005175 | −0.125% | $142.4M | $1.50B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0711% | 8h | 0.000005177 | −0.075% | $101.8M | $309.5M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0712% | 1h | 0.000005166 | −0.294% | $542K | $282K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0712% | 1h | 0.000005183 | +0.039% | $147K | — | 3x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0716% | 1h | 0.000005183 | +0.039% | $74K | $127K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0716% | 8h | 0.000005177 | −0.081% | $1.8M | $12.0M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0907% | 1h | 0.000005181 | 0.000% | $53.9M | $159.3M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1281% | 1h | 0.000005000 | −3.494% | $50K | — | 100x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]