Funding you earn now, next payment 08:00 UTC+0.0436%/8h= +47.7% APRnext payment +$4.36 per $10,000 · paid last 24h +0.038%
Price spread now: Binance against KuCoin−0.002%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.002%, 7d avg +0.038%
=Funding pays, the price is against you. Binance is 0.041% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.038%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.039% in total) that is about 7.3 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 +$4.36 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 | 0.000004822 | 0.0100 | pay 0.0100% / 8h | 7h 50m | $24.1M | $55.2M | 75x |
| Short | Binance 1000PEPEUSDT | 0.000004822 | 0.0536 | get 0.0536% / 8h | 7h 50m | $136.9M | $1.08B | 75x |
KuCoin PEPEUSDTM
Binance 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $91.53
- Price spread: −0.002% → +0.038%
- −$4.07
- Slippage, 4 orders
- −$18.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $47.2
- Costs to cover
- 0.403%
- Break-even
- 3.4 days
Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 8 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 | 1.57 bp | 12.4 bp −$12 | 22.4 bp −$224 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.10 bp | 7.8 bp −$8 | 10.6 bp −$106 | 35.9 bp −$3,588 | 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 | −0.0121% | 1h | 0.000004823 | +0.026% | $3.9M | $14.0M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004823 | +0.025% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004822 | −0.010% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004818 | −0.083% | $65.8M | $105.2M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004827 | +0.104% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004818 | −0.079% | $88.7M | $298.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004824 | +0.041% | $153.5M | $64.8M | 75x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0100% | 8h | 0.000004822 | long leg | $24.1M | $55.2M | 75x | |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004819 | −0.054% | $42.6M | $151.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004819 | −0.067% | $555K | $4.2M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004812 | −0.202% | $26K | $351K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004834 | +0.238% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004822 | −0.008% | $547K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004826 | +0.079% | $2.3M | $6.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0104% | 1h | 0.000004830 | +0.166% | $588K | $6.6M | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0104% | 1h | 0.000004823 | +0.021% | $2K | $12K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0173% | 8h | 0.000004824 | +0.051% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004819 | −0.065% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0190% | 8h | 0.000004823 | +0.021% | $43.1M | $509.2M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0311% | 8h | 0.000004825 | +0.062% | $3.9M | $22.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0324% | 8h | 0.000004822 | +0.002% | $30K | $13K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0344% | 1h | 0.000004826 | +0.083% | $1K | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004824 | +0.041% | $554K | $26.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0381% | 1h | 0.000004820 | −0.045% | $181K | $848K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0411% / S −0.0534% | 1h | 0.000004000 | −17.047% | $41K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0517% | 8h | 0.000004822 | 0.000% | — | $257.5M | — | as long as short |
| MEXC PEPE_USDT | +0.0535% | 8h | 0.000004828 | +0.131% | $92.6M | $280.0M | 300x | as long as short |
| Binance 1000PEPEUSDTshort | +0.0536% | 8h | 0.000004822 | −0.002% | $136.9M | $1.08B | 75x | |
| Extended 1000PEPE-USD | +0.0536% | 1h | 0.000004824 | +0.049% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0536% | 1h | 0.000004791 | −0.643% | $135K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0541% | 8h | 0.000004829 | +0.142% | $1.5M | $7.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004831 | +0.187% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0696% | 1h | 0.000004825 | +0.056% | $93K | $602K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0787% | 1h | 0.000004817 | −0.104% | $100K | $754K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0788% | 1h | 0.000004823 | +0.021% | $78K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL