Funding you earn now, next payment 00:00 UTC−0.0737%/8h= −80.7% APRnext payment −$7.37 per $10,000 · paid last 24h +0.015%
Price spread now: SunX against Binance+0.337%7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1401.395% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 3 days (all we have)−0.108%−$11 · spread now +0.337%, 7d avg +0.140%
=The price spread pays, funding is against you. SunX is 0.197% dearer against Binance than usual: you sell high and buy low (spread +0.337% now, against its 7-day average of +0.140%): +$20 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.37 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 | Binance 1000PEPEUSDT | 0.000004846 | 0.0837 | pay 0.0837% / 8h | 1h 35m | $130.6M | $1.03B | 75x |
| Short | SunX 1000PEPE-USDT | 0.000004862 | 0.0100 | get 0.0100% / 8h | 1h 35m | $2K | $2.4M | 20x |
Binance 1000PEPEUSDT
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. 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
- −$154.69
- Price spread: +0.337% → +0.140%
- $19.73
- Slippage, 4 orders
- −$121.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$274.51
- Costs to cover
- 1.395%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; SunX: live order book, 10 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 Binance live order book, 8 min ago | 0.10 bp | 6.7 bp −$7 | 14.1 bp −$141 | 41.9 bp −$4,193 | doesn't fit |
| Sell SunX live order book, 10 min ago | 29.19 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004852 | +0.136% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004847 | +0.026% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004849 | +0.071% | $608K | $5.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004839 | −0.135% | $61.9M | $78.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004855 | +0.195% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004842 | −0.084% | $87.5M | $279.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004840 | −0.115% | $151.5M | $62.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004844 | −0.038% | $25.0M | $53.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004864 | +0.379% | $583K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004870 | +0.508% | $28K | $343K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000004862 | +0.337% | $2K | $2.4M | 20x | |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004848 | +0.050% | $2K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004850 | +0.094% | $549K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0156% | 8h | 0.000004844 | −0.043% | $42.6M | $151.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004850 | +0.097% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0204% | 8h | 0.000004844 | −0.032% | $41.8M | $493.7M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0213% / S −0.0093% | 1h | 0.000004000 | −17.450% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0323% | 8h | 0.000004858 | +0.257% | $3.9M | $22.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0385% | 8h | 0.000004854 | +0.169% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0407% | 8h | 0.000004842 | −0.067% | $2.3M | $6.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0443% | 8h | 0.000004851 | +0.110% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004853 | +0.154% | $616K | $25.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0480% | 1h | 0.000004856 | +0.215% | $556 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0575% | 1h | 0.000004850 | +0.092% | $82K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0619% | 1h | 0.000004844 | −0.038% | $91K | $614K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0728% | 1h | 0.000004852 | +0.133% | $186K | $854K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0808% | 8h | 0.000004842 | −0.069% | — | $256.1M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0832% | 1h | 0.000004855 | +0.195% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0836% | 8h | 0.000004848 | +0.054% | $92.0M | $283.5M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0837% | 8h | 0.000004846 | long leg | $130.6M | $1.03B | 75x | |
| Extended 1000PEPE-USD | +0.0840% | 1h | 0.000004842 | −0.070% | $532K | $148K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0841% | 1h | 0.000004868 | +0.463% | $104K | $764K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0865% | 8h | 0.000004842 | −0.067% | $1.5M | $7.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004874 | +0.587% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1316% | 1h | 0.000004845 | −0.004% | $4.0M | $13.3M | 50x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD