Funding you earn now, next payment 02:00 UTC−0.1962%/8h= −214.9% APRpaid last 24h −0.094%
Price spread now: SunX against Hyperliquid−0.178%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2172.171% of the position
Funding, last 7 days−0.387%−$39 on $10k
+Price spread, last 3 days (all we have)+0.302%+$30 · spread now −0.178%, 7d avg +0.057%
=Together, before fees−0.085%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and SunX is 0.235% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.057%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.387% in total (about -20.2% 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 | Hyperliquid kPEPE | 0.000005119 | 0.2062 | pay 0.0258% / 1h | 8m 04s | $56.5M | $136.0M | 10x |
| Short | SunX 1000PEPE-USDT | 0.000005110 | 0.0100 | get 0.0100% / 8h | 6h 08m | $2K | $2.4M | 20x |
Hyperliquid kPEPE
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Hyperliquid. 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
- −$412.05
- Price spread: −0.178% → +0.057%
- −$23.47
- Slippage, 4 orders
- −$200.1
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$652.62
- Costs to cover
- 2.171%
- Break-even
- never at this rate
Slippage from Hyperliquid: 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 Hyperliquid live order book, 6 min ago | 2.95 bp | 12.2 bp −$12 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 64.06 bp | 114.0 bp −$114 | doesn't fit | doesn't fit | doesn't fit |
PEPE on 34 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 | 0.000005083 | −0.704% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005098 | −0.404% | $18K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005091 | −0.547% | $62K | $127K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005109 | −0.197% | $99.5M | $326.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005108 | −0.215% | $163.7M | $72.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005116 | −0.053% | $25.7M | $61.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005115 | −0.086% | $47.1M | $166.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005085 | −0.672% | $648K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005092 | −0.518% | $27K | $421K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000005110 | −0.178% | $2K | $2.4M | 20x |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005107 | −0.240% | $572K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005097 | −0.430% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0260% | 8h | 0.000005114 | −0.098% | $45.8M | $580.9M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0287% | 8h | 0.000005106 | −0.260% | $34K | $24K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005116 | −0.059% | $734K | $30.6M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0458% | 8h | 0.000005115 | −0.086% | $2.4M | $7.0M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0507% | 8h | 0.000005110 | −0.180% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0527% / S −0.0557% | 1h | 0.000005000 | −2.325% | $57K | — | 100x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0530% | 1h | 0.000005085 | −0.664% | $105K | $748K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0544% | 1h | 0.000005113 | −0.114% | $562K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0544% | 1h | 0.000005121 | +0.039% | $145K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0546% | 8h | 0.000005119 | 0.000% | $96.6M | $292.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0547% | 8h | 0.000005115 | −0.076% | $144.8M | $1.18B | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0626% | 1h | 0.000005109 | −0.195% | $2K | $12K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0643% | 8h | 0.000005105 | −0.273% | $1.7M | $8.3M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0650% | 1h | 0.000005092 | −0.525% | $193K | $885K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0650% | 8h | 0.000005092 | −0.527% | $6K | $16 | 20x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0815% | 1h | 0.000005113 | −0.121% | $4.1M | $14.6M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005095 | −0.469% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0927% | 1h | 0.000005103 | −0.313% | $62K | $114K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0950% | 1h | 0.000005117 | −0.031% | $99K | $622K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005105 | −0.273% | $616 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1792% | 1h | 0.000005123 | +0.078% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPElong | +0.2062% | 1h | 0.000005119 | long leg | $56.5M | $136.0M | 10x |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
ApeX Omni 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
SoDEX 1000PEPE-USD
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Paradex kPEPE-USD-PERP
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE