Funding you earn now, next payment 04:00 UTC−0.1168%/8h= −127.9% APRpaid last 24h −0.172%
Price spread now: SunX against Kraken Futures+0.065%7-day average +0.169% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.065%, 7d avg +0.169%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and SunX is 0.104% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.169%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.6% 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 | Kraken Futures PF_PEPEUSD | 0.000005138 | 0.1268 | pay 0.0158% / 1h | 22m 03s | $4.6M | $15.9M | 50x |
| Short | SunX 1000PEPE-USDT | 0.000005141 | 0.0100 | get 0.0100% / 8h | 4h 22m | $1K | $2.5M | 20x |
Kraken Futures PF_PEPEUSD
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Kraken Futures. 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
- −$245.22
- Price spread: +0.065% → +0.169%
- −$10.41
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$273.62
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 2 min ago; SunX: live order book, 5 min ago. Net counts fees only.
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 Kraken Futures live order book, 2 min ago | 11.07 bp | 17.5 bp −$18 | 26.6 bp −$266 | 90.3 bp −$9,033 | doesn't fit |
| Sell SunX live order book, 5 min ago | 500.02 bp | doesn't fit | 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 | 0.000005138 | −0.008% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005128 | −0.199% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005146 | +0.157% | $65K | $144K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005131 | −0.126% | $99.5M | $357.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005130 | −0.155% | $167.1M | $81.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005135 | −0.061% | $26.0M | $65.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005200 | +1.199% | $761K | $4.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005189 | +0.988% | $42K | $463K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000005141 | +0.065% | $1K | $2.5M | 20x | |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005138 | −0.007% | $583K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005140 | +0.045% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0204% | 8h | 0.000005131 | −0.133% | $47.4M | $179.6M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | +0.682% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0351% | 8h | 0.000005139 | +0.011% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0382% | 8h | 0.000005140 | +0.040% | $48.3M | $625.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0500% | 8h | 0.000005139 | +0.020% | $4.4M | $26.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0615% | 8h | 0.000005132 | −0.110% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005153 | +0.293% | $950K | $33.9M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0697% | 8h | 0.000005130 | −0.161% | — | $2.3M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0724% | 1h | 0.000005136 | −0.038% | $73K | $125K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0741% | 8h | 0.000005125 | −0.254% | $98.2M | $291.1M | 300x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0742% | 1h | 0.000005185 | +0.916% | $103K | $744K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0743% | 8h | 0.000005132 | −0.109% | $146.7M | $1.26B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005136 | −0.037% | $544K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0744% | 1h | 0.000005128 | −0.194% | $145K | — | 3x | as long as short |
| SoDEX 1000PEPE-USD | +0.0773% | 1h | 0.000005138 | +0.001% | $2K | $10K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0780% / S −0.1558% | 1h | 0.000005000 | −2.685% | $62K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0799% | 8h | 0.000005150 | +0.232% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0840% | 1h | 0.000005141 | +0.059% | $591K | $8.3M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0845% | 8h | 0.000005135 | −0.051% | $1.9M | $9.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0899% | 1h | 0.000005148 | +0.203% | $188K | $899K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1128% | 1h | 0.000005163 | +0.488% | $623 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1162% | 1h | 0.000005130 | −0.145% | $94K | $666K | 15x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.1268% | 1h | 0.000005138 | long leg | $4.6M | $15.9M | 50x | |
| Hyperliquid kPEPE | +0.1583% | 1h | 0.000005137 | −0.018% | $55.4M | $142.0M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Deribit 1000PEPE_USDC-PERPETUAL
MEXC PEPE_USDT
ApeX Omni 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
SoDEX 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE