PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0694%/8h= +76.0% APRnext payment +$6.94 per $10,000 · paid last 24h −0.015%

Price spread now: Binance against SunX−0.080%7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1431.431% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 3 days (all we have)−0.330%−$33 · spread now −0.080%, 7d avg −0.143%

Together, before fees−0.389%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Binance is 0.063% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.143%. Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.94 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	SunX 1000PEPE-USDT	0.000004892	0.0100	pay 0.0100% / 8h	2h 49m	$2K	$2.4M	20x
Short	Binance 1000PEPEUSDT	0.000004888	0.0794	get 0.0794% / 8h	2h 49m	$131.3M	$1.01B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee BinancebpOrdersPrice spread, now −0.080%Rate

Funding earned: $145.67
Price spread: −0.080% → −0.143%: $6.28
Slippage, 4 orders: −$125.07
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $8.88
Costs to cover: 1.431%
Break-even: 6.6 days

Slippage from SunX: live order book, 7 min ago; Binance: live order book, 10 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 SunX live order book, 7 min ago	29.16 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.41 bp	9.7 bp −$10	16.3 bp −$163	41.7 bp −$4,169	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	0.000004864	−0.578%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004880	−0.260%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004876	−0.333%	$56.4M	$68.5M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004870	−0.456%	$57K	$109K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004881	−0.231%	$89.3M	$271.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004872	−0.415%	$148.6M	$60.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004874	−0.380%	$23.8M	$50.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004845	−0.977%	$708K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004830	−1.269%	$27K	$336K	20x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000004892	long leg	$2K	$2.4M	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004871	−0.439%	$553K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0109%	8h	0.000004883	−0.190%	$41.8M	$493.8M	50x	as long as short
Lighter 1000PEPE	+0.0152%	1h	0.000004884	−0.170%	$546K	$5.0M	10x	as long as short
Bitget PEPEUSDT	+0.0174%	8h	0.000004880	−0.251%	$44.9M	$150.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004877	−0.310%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0225%	8h	0.000004884	−0.170%	$4.0M	$21.7M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0265%	1h	0.000004871	−0.427%	$108K	$619K	15x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0374%	1h	0.000004000	−18.239%	$42K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0339%	8h	0.000004878	−0.289%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0354%	8h	0.000004879	−0.278%	$30K	$10K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0421%	8h	0.000004884	−0.161%	$2.3M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004874	−0.374%	$598K	$25.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004880	−0.251%	$4K	$92K	12x	as long as short
SoDEX 1000PEPE-USD	+0.0616%	1h	0.000004884	−0.170%	$2K	$9K	10x	as long as short
Nado kPEPE-PERP	+0.0685%	1h	0.000004875	−0.343%	$182K	$868K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0750%	1h	0.000004885	−0.140%	$3.9M	$12.8M	50x	as long as short
BingX 1000PEPE-USDC	+0.0756%	8h	0.000004881	−0.235%	—	$2.3M	—	as long as short
ApeX Omni 1000PEPEUSDT	+0.0766%	1h	0.000004850	−0.865%	$101K	$757K	25x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0775%	1h	0.000004884	−0.170%	$82K	$94K	25x	as long as short
MEXC PEPE_USDT	+0.0791%	8h	0.000004886	−0.137%	$93.0M	$286.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000004883	−0.194%	$535K	$146K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000004893	+0.014%	$138K	—	3x	as long as short
Binance 1000PEPEUSDTshort	+0.0794%	8h	0.000004888	−0.080%	$131.3M	$1.01B	75x
Aster 1000PEPEUSDT	+0.0854%	8h	0.000004880	−0.256%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1640%	1h	0.000004886	−0.129%	$560	$2K	10x	as long as short