PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0229%/8h= +25.0% APRnext payment +$2.29 per $10,000 · paid last 24h +0.012%

Price spread now: OKX against KuCoin+0.006%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.006%, 7d avg −0.004%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$7 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 -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.29 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	0.000005171	0.0130	pay 0.0130% / 8h	9m 36s	$27.1M	$74.3M	75x
Short	OKX PEPE-USDT-SWAP	0.000005171	0.0359	get 0.0359% / 8h	9m 36s	$47.9M	$751.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $48.02
Price spread: +0.006% → −0.004%: $0.98
Slippage, 4 orders: −$18.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $8.14
Costs to cover: 0.409%
Break-even: 5.8 days

Slippage from KuCoin: live order book, 9 min ago; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.97 bp	7.2 bp −$7	11.8 bp −$118	36.7 bp −$3,672	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	0.000005160	−0.198%	$19K	$649	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005176	+0.110%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005168	−0.052%	$60K	$184K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005167	−0.073%	$99.7M	$430.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005164	−0.130%	$163.7M	$99.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005152	−0.364%	$615K	$5.4M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005148	−0.439%	$28K	$549K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005191	+0.387%	$1K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005185	+0.275%	$605K	$4.2M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0128%	1h	0.000005182	+0.219%	$2K	$11K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTMlong	+0.0130%	8h	0.000005171	long leg	$27.1M	$74.3M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005183	+0.244%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0245%	8h	0.000005166	−0.095%	$46.4M	$220.4M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0327%	1h	0.000005154	−0.323%	$150K	$834K	25x	as long as short
OKX PEPE-USDT-SWAPshort	+0.0359%	8h	0.000005171	+0.006%	$47.9M	$751.1M	50x
Injective PEPE/USDC PERP	+0.0404%	1h	0.000005163	−0.149%	$8K	$120K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0416%	8h	0.000005182	+0.220%	$34K	$26K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0443%	8h	0.000005182	+0.220%	$2.4M	$8.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0457%	8h	0.000005169	−0.034%	$6K	—	20x	as long as short
BloFin PEPE-USDT	+0.0481%	8h	0.000005154	−0.323%	$4.5M	$30.4M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0505%	1h	0.000005178	+0.145%	$78K	$891K	15x	as long as short
Lighter 1000PEPE	+0.0544%	1h	0.000005172	+0.025%	$621K	$9.1M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0544%	1h	0.000005185	+0.277%	$679K	$40.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0685%	8h	0.000005171	+0.008%	—	$2.3M	—	as long as short
Nado kPEPE-PERP	+0.0703%	1h	0.000005180	+0.185%	$165K	$959K	10x	as long as short
01 Exchange kPEPEUSD	+0.0704%	1h	0.000005172	+0.025%	$624	$2K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0709%	1h	0.000005179	+0.154%	$4.8M	$16.7M	50x	as long as short
MEXC PEPE_USDT	+0.0709%	8h	0.000005169	−0.033%	$102.0M	$309.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0711%	8h	0.000005169	−0.037%	$142.3M	$1.50B	75x	as long as short
Extended 1000PEPE-USD	+0.0712%	1h	0.000005167	−0.062%	$542K	$282K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0712%	1h	0.000005183	+0.238%	$147K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0716%	1h	0.000005183	+0.238%	$74K	$127K	25x	as long as short
Aster 1000PEPEUSDT	+0.0719%	8h	0.000005171	+0.012%	$1.8M	$12.0M	50x	as long as short
Hyperliquid kPEPE	+0.0904%	1h	0.000005170	−0.014%	$53.8M	$159.3M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.1068% / S −0.1281%	1h	0.000005000	−3.301%	$50K	—	100x	as long as short