Funding you earn now, next payment 00:00 UTC−0.0337%/8h= −36.9% APRpaid last 24h −0.091%
Price spread now: SunX against Injective+0.666%61s7-day average −0.408% · you sell dearer than you buy
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2102.102% of the position
Funding, last 7 days−0.332%−$33 on $10k
+Price spread, last 3 days (all we have)−0.273%−$27 · spread now +0.666%, 7d avg −0.408%
=The price spread pays, funding is against you. SunX is 1.074% dearer against Injective than usual: you sell high and buy low (spread +0.666% now, against its 7-day average of −0.408%): +$107 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.332% in total) that is about 23 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PEPE/USDC PERP | 0.000004746 | 0.0437 | pay 0.0055% / 1h | 1m 54s | $4K | $102K | 12x |
| Short | SunX 1000PEPE-USDT | 0.000004778 | 0.0100 | get 0.0100% / 8h | 1m 54s | $2K | $2.4M | 20x |
Injective PEPE/USDC PERP
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Injective. 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
- −$70.69
- Price spread: +0.666% → −0.408%
- $107.36
- Slippage, 4 orders
- −$202.15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$173.5
- Costs to cover
- 2.102%
- Break-even
- never at this rate
Slippage from Injective: live order book, 12 min ago; SunX: live order book, 4 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 Injective live order book, 12 min ago | 18.02 bp | 66.5 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 29.09 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 | −0.0331% | 1h | 0.000004765 | +0.400% | $69.2M | $99.7M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004768 | +0.465% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004766 | +0.424% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004770 | +0.506% | $3.9M | $13.9M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004771 | +0.527% | $56K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004766 | +0.424% | $87.3M | $295.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004768 | +0.464% | $151.2M | $65.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004772 | +0.539% | $24.4M | $54.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004769 | +0.493% | $42.1M | $151.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004725 | −0.445% | $544K | $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 | 0.000004725 | −0.448% | $25K | $351K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004740 | −0.126% | $99K | $755K | 25x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000004778 | +0.666% | $2K | $2.4M | 20x | |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004772 | +0.548% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004767 | +0.445% | $539K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0158% | 8h | 0.000004770 | +0.495% | $2.3M | $6.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0178% | 8h | 0.000004767 | +0.450% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0184% | 1h | 0.000004773 | +0.569% | $576K | $6.6M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004771 | +0.527% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0194% | 8h | 0.000004769 | +0.485% | $42.6M | $500.8M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0315% | 8h | 0.000004763 | +0.358% | $3.9M | $22.5M | 75x | as long as short |
| 01 Exchange kPEPEUSD | +0.0320% | 1h | 0.000004771 | +0.527% | $547 | $2K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0343% | 8h | 0.000004771 | +0.527% | $29K | $13K | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0396% / S −0.0435% | 1h | 0.000004000 | −15.718% | $43K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004771 | +0.527% | $559K | $25.7M | 50x | as long as short |
| Injective PEPE/USDC PERPlong | +0.0437% | 1h | 0.000004746 | long leg | $4K | $102K | 12x | |
| Backpack kPEPE_USDC_PERP | +0.0537% | 1h | 0.000004772 | +0.548% | $93K | $603K | 15x | as long as short |
| BingX 1000PEPE-USDC | +0.0548% | 8h | 0.000004769 | +0.476% | — | $2.3M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0555% | 8h | 0.000004774 | +0.598% | $1.5M | $7.3M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0558% | 8h | 0.000004770 | +0.514% | $134.2M | $1.07B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0560% | 1h | 0.000004770 | +0.507% | $524K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0560% | 8h | 0.000004773 | +0.569% | $90.3M | $283.9M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0560% | 1h | 0.000004771 | +0.527% | $135K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0583% | 1h | 0.000004771 | +0.521% | $180K | $849K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0799% | 1h | 0.000004771 | +0.527% | $77K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
01 Exchange kPEPEUSD
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDC
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL