Funding you earn now, next payment 22:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.030%
Price spread now: SunX against Coinbase International+0.106%7-day average +0.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1481.478% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 3 days (all we have)+0.207%+$21 · spread now +0.106%, 7d avg +0.155%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.049% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.155%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, 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 0.055% in total (about 2.9% 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000004791 | 0.0448 | pay 0.0056% / 1h | 8m 56s | $581K | $25.4M | 50x |
| Short | SunX 1000PEPE-USDT | 0.000004796 | 0.0100 | get 0.0100% / 8h | 1h 08m | $1K | $2.4M | 20x |
Coinbase International 1000PEPE-PERP-INTX
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Coinbase International. 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
- −$73.08
- Price spread: +0.106% → +0.155%
- −$4.87
- Slippage, 4 orders
- −$129.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$225.75
- Costs to cover
- 1.478%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; SunX: live order book, 7 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 Coinbase International live order book, 5 min ago | 3.13 bp | 11.5 bp −$12 | 16.6 bp −$166 | 51.2 bp −$5,120 | doesn't fit |
| Sell SunX live order book, 7 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004789 | −0.051% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004784 | −0.154% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004789 | −0.042% | $668K | $6.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004784 | −0.146% | $62.9M | $83.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004792 | +0.021% | $59K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004790 | −0.021% | $87.0M | $283.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004786 | −0.104% | $150.5M | $63.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004788 | −0.052% | $24.7M | $54.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004794 | +0.060% | $543K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004796 | +0.098% | $28K | $344K | 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 | 0.000004796 | +0.106% | $1K | $2.4M | 20x | |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004789 | −0.042% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004787 | −0.086% | $540K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0110% | 8h | 0.000004792 | +0.017% | $42.1M | $148.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004789 | −0.045% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0219% | 8h | 0.000004790 | −0.021% | $41.4M | $491.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0268% | 8h | 0.000004793 | +0.052% | $5K | $16 | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0330% / S −0.0357% | 1h | 0.000004000 | −16.510% | $43K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0339% | 8h | 0.000004790 | −0.021% | $3.9M | $22.1M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0342% | 8h | 0.000004789 | −0.042% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0400% | 1h | 0.000004794 | +0.063% | $549 | $2K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0447% | 1h | 0.000004792 | +0.021% | $101K | $763K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0448% | 1h | 0.000004791 | long leg | $581K | $25.4M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0450% | 8h | 0.000004790 | −0.031% | $29K | $11K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0553% | 1h | 0.000004787 | −0.079% | $91K | $615K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0586% | 1h | 0.000004789 | −0.042% | $81K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0735% | 8h | 0.000004791 | +0.006% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000004792 | +0.026% | $526K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0745% | 8h | 0.000004793 | +0.038% | $130.4M | $1.04B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0750% | 8h | 0.000004798 | +0.140% | $91.8M | $285.9M | 300x | as long as short |
| Nado kPEPE-PERP | +0.0750% | 1h | 0.000004791 | +0.010% | $184K | $845K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000004793 | +0.042% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000004791 | +0.009% | $1.5M | $7.2M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004795 | +0.083% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1332% | 1h | 0.000004788 | −0.063% | $3.9M | $13.3M | 50x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Nado kPEPE-PERP
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD