Funding you earn now, next payment 00:00 UTC−0.0430%/8h= −47.1% APRpaid last 24h −0.084%
Price spread now: SunX against Backpack+0.027%7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1501.503% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 3 days (all we have)+0.238%+$24 · spread now +0.027%, 7d avg +0.159%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SunX is 0.132% cheaper against Backpack than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.159%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.145% in total (about -7.6% 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 | Backpack kPEPE_USDC_PERP | 0.000004735 | 0.0530 | pay 0.0066% / 1h | 8m 14s | $92K | $603K | 15x |
| Short | SunX 1000PEPE-USDT | 0.000004736 | 0.0100 | get 0.0100% / 8h | 8m 14s | $1K | $2.4M | 20x |
Backpack kPEPE_USDC_PERP
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Backpack. 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
- −$90.3
- Price spread: +0.027% → +0.159%
- −$13.2
- Slippage, 4 orders
- −$132.27
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$253.76
- Costs to cover
- 1.503%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 6 min ago; SunX: 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 Backpack live order book, 6 min ago | 2.22 bp | 14.2 bp −$14 | 38.6 bp −$386 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 29.07 bp | 78.4 bp −$78 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0332% | 1h | 0.000004723 | −0.247% | $69.6M | $96.5M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004722 | −0.261% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004727 | −0.158% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004731 | −0.088% | $3.8M | $13.8M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004724 | −0.226% | $55K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004731 | −0.087% | $87.0M | $293.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004727 | −0.163% | $149.3M | $65.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004730 | −0.097% | $24.0M | $54.7M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004735 | −0.004% | $41.9M | $150.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004715 | −0.420% | $567K | $4.2M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | 0.000004726 | −0.188% | $25K | $349K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004728 | −0.142% | $99K | $755K | 25x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000004736 | +0.027% | $1K | $2.4M | 20x | |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004733 | −0.036% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004731 | −0.087% | $534K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0168% | 1h | 0.000004735 | +0.006% | $571K | $6.6M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0175% | 8h | 0.000004727 | −0.159% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004729 | −0.112% | $7K | — | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0193% | 8h | 0.000004734 | −0.008% | $2.3M | $6.5M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0205% | 8h | 0.000004736 | +0.027% | $41.9M | $495.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0304% | 1h | 0.000004732 | −0.057% | $542 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004725 | −0.205% | $3.9M | $22.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0352% | 8h | 0.000004731 | −0.080% | $29K | $13K | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0389% / S −0.0314% | 1h | 0.000004000 | −15.517% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004731 | −0.078% | $563K | $25.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004726 | −0.184% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0530% | 1h | 0.000004735 | long leg | $92K | $603K | 15x | |
| BingX 1000PEPE-USDT | +0.0553% | 8h | 0.000004735 | +0.006% | — | $257.3M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0561% | 8h | 0.000004729 | −0.114% | $1.5M | $7.3M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0568% | 1h | 0.000004731 | −0.076% | $518K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0568% | 8h | 0.000004734 | −0.008% | $132.4M | $1.07B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0570% | 8h | 0.000004738 | +0.072% | $88.6M | $283.0M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0576% | 1h | 0.000004730 | −0.099% | $134K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0614% | 1h | 0.000004729 | −0.119% | $179K | $849K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0808% | 1h | 0.000004732 | −0.057% | $76K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL