Funding you earn now, next payment 08:00 UTC−0.0318%/8h= −34.8% APRnext payment −$3.18 per $10,000 · paid last 24h −0.009%
Price spread now: SunX against OKX+0.076%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1411.410% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now +0.076%, 7d avg +0.166%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.090% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.166%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, 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 0.053% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.18 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 | OKX PEPE-USDT-SWAP | 0.000005002 | 0.0418 | pay 0.0418% / 8h | 2h 36m | $46.0M | $681.6M | 50x |
| Short | SunX 1000PEPE-USDT | 0.000005006 | 0.0100 | get 0.0100% / 8h | 2h 36m | $1K | $2.6M | 20x |
OKX PEPE-USDT-SWAP
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against OKX. 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
- −$66.79
- Price spread: +0.076% → +0.166%
- −$8.99
- Slippage, 4 orders
- −$122.97
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$216.76
- Costs to cover
- 1.410%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; SunX: live order book, 11 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 OKX live order book, 3 min ago | 1.00 bp | 7.7 bp −$8 | 14.2 bp −$142 | 37.8 bp −$3,778 | doesn't fit |
| Sell SunX live order book, 11 min ago | 29.07 bp | 78.6 bp −$79 | 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 | 0.000005008 | +0.124% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004994 | −0.152% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005015 | +0.260% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004999 | −0.060% | $98.7M | $403.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004998 | −0.080% | $161.4M | $93.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004999 | −0.068% | $25.1M | $70.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005011 | +0.173% | $601K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005003 | +0.019% | $28K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000005006 | +0.076% | $1K | $2.6M | 20x | |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005000 | −0.050% | $560K | $4.1M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0150% | 1h | 0.000004996 | −0.120% | $71K | $127K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0153% | 1h | 0.000004997 | −0.100% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004998 | −0.089% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0339% | 8h | 0.000004997 | −0.110% | $45.0M | $209.6M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0407% | 8h | 0.000005001 | −0.014% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0418% | 8h | 0.000005002 | long leg | $46.0M | $681.6M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0539% | 8h | 0.000005009 | +0.136% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0546% | 8h | 0.000005020 | +0.360% | $4.4M | $27.9M | 75x | as long as short |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005010 | +0.160% | $604 | $3K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0650% | 8h | 0.000005003 | +0.022% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0658% | 1h | 0.000004997 | −0.098% | $73K | $830K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005014 | +0.240% | $637K | $36.8M | 50x | as long as short |
| Lighter 1000PEPE | +0.0704% | 1h | 0.000005004 | +0.040% | $594K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0747% | 1h | 0.000005002 | +0.006% | $165K | $941K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0770% | 8h | 0.000005001 | −0.024% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005004 | +0.040% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0803% | 8h | 0.000005002 | +0.010% | $97.1M | $300.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0804% | 8h | 0.000005004 | +0.043% | $141.1M | $1.40B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004995 | −0.133% | $530K | $277K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0832% | 1h | 0.000004993 | −0.180% | $153K | $813K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0855% | 1h | 0.000004994 | −0.159% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0862% | 8h | 0.000005008 | +0.130% | $1.8M | $11.1M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1032% | 1h | 0.000005003 | +0.020% | $52.7M | $151.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1083% / S −0.2019% | 1h | 0.000004000 | −20.032% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | +0.640% | $3K | $111K | 12x | as long as short |
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
01 Exchange kPEPEUSD
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP