PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0678%/8h= +74.3% APRnext payment +$6.78 per $10,000 · paid last 24h +0.012%

Price spread now: BingX against KuCoin+0.008%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.008%, 7d avg +0.003%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.78 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	0.000004958	0.0100	pay 0.0100% / 8h	3h 31m	$25.1M	$47.7M	75x
Short	BingX 1000PEPE-USDT	0.000004958	0.0778	get 0.0778% / 8h	3h 31m	—	$252.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $142.42
Price spread: +0.008% → +0.003%: $0.53
Slippage, 4 orders: −$22.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $98.87
Costs to cover: 0.441%
Break-even: 2.1 days

Slippage from KuCoin: live order book, 3 min ago; BingX: live order book, 18 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, 3 min ago	1.60 bp	18.2 bp −$18	31.1 bp −$311	doesn't fit	doesn't fit
Sell BingX live order book, 18 min ago	0.10 bp	7.6 bp −$8	9.3 bp −$93	16.2 bp −$1,616	34.0 bp −$17.0K

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	0.000004954	−0.075%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004954	−0.063%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004959	+0.030%	$59K	$106K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004955	−0.052%	$90.0M	$261.8M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004958	+0.010%	$43.6M	$489.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004954	−0.071%	$151.2M	$59.4M	75x	as long as short
KuCoin PEPEUSDTMlong	+0.0100%	8h	0.000004958	long leg	$25.1M	$47.7M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000004982	+0.486%	$725K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004984	+0.540%	$28K	$333K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004979	+0.440%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004987	+0.591%	$574K	$3.7M	75x	as long as short
Bitget PEPEUSDT	+0.0168%	8h	0.000004955	−0.052%	$46.9M	$138.4M	75x	as long as short
Reya kPEPERUSDPERP	+0.0188%	1h	0.000004958	+0.002%	$7K	—	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0197% / S −0.0087%	1h	0.000004000	−19.314%	$55K	—	100x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004988	+0.615%	$4.1M	$21.6M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0257%	1h	0.000004959	+0.030%	$2K	$9K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0319%	8h	0.000004955	−0.044%	$31K	$10K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0445%	1h	0.000004982	+0.494%	$103K	$757K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004991	+0.676%	$645K	$25.4M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0466%	8h	0.000004965	+0.141%	$2.4M	$6.2M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0475%	8h	0.000004958	+0.012%	$6K	$26	20x	as long as short
Hyperliquid kPEPE	+0.0508%	1h	0.000004957	−0.010%	$56.7M	$62.9M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0555%	1h	0.000004975	+0.353%	$80K	$91K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0565%	1h	0.000004965	+0.153%	$99K	$576K	15x	as long as short
Nado kPEPE-PERP	+0.0710%	1h	0.000004958	+0.005%	$195K	$848K	10x	as long as short
01 Exchange kPEPEUSD	+0.0752%	1h	0.000004959	+0.030%	$568	$2K	10x	as long as short
BingX 1000PEPE-USDTshort	+0.0778%	8h	0.000004958	+0.008%	—	$252.5M	—
Extended 1000PEPE-USD	+0.0816%	1h	0.000004956	−0.031%	$546K	$145K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000004962	+0.091%	$140K	—	3x	as long as short
MEXC PEPE_USDT	+0.0819%	8h	0.000004960	+0.054%	$117.9M	$269.5M	300x	as long as short
Binance 1000PEPEUSDT	+0.0819%	8h	0.000004959	+0.036%	$133.9M	$970.1M	75x	as long as short
Aster 1000PEPEUSDT	+0.0906%	8h	0.000004963	+0.119%	$1.5M	$6.6M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0911%	1h	0.000004972	+0.293%	$4.0M	$12.2M	50x	as long as short
Injective PEPE/USDC PERP	+0.1046%	1h	0.000004970	+0.252%	$5K	$81K	12x	as long as short
Lighter 1000PEPE	+0.1080%	1h	0.000004963	+0.111%	$600K	$4.9M	10x	as long as short