PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0148%/8h= +16.2% APRnext payment +$1.48 per $10,000 · paid last 24h +0.018%

Price spread now: BloFin against SunX−0.010%55s7-day average −0.176% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as 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−$1511.508% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)−0.220%−$22 · spread now −0.010%, 7d avg −0.176%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.166% dearer against SunX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.176%. The two prices were read 55 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	SunX 1000PEPE-USDT	0.000004806	0.0100	pay 0.0100% / 8h	2h 30m	$2K	$2.4M	20x
Short	BloFin PEPE-USDT	0.000004806	0.0248	get 0.0248% / 8h	2h 30m	$3.9M	$21.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.010%Rate

Funding earned: $31.07
Price spread: −0.010% → −0.176%: $16.57
Slippage, 4 orders: −$130.84
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$103.2
Costs to cover: 1.508%
Break-even: 30.2 days

Slippage from SunX: live order book, 6 min ago; BloFin: 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 SunX live order book, 6 min ago	29.13 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	4.15 bp	14.1 bp −$14	16.1 bp −$161	36.8 bp −$3,681	107.8 bp −$53.9K

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	0.000004800	−0.140%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004794	−0.260%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004797	−0.198%	$56.9M	$70.4M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004806	−0.010%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004798	−0.171%	$88.6M	$273.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004793	−0.281%	$148.9M	$61.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004794	−0.252%	$23.8M	$52.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004799	−0.150%	$702K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004815	+0.180%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000004806	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	0.000004799	−0.162%	$553K	$3.6M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0135%	8h	0.000004804	−0.052%	$41.2M	$488.3M	50x	as long as short
Bitget PEPEUSDT	+0.0172%	8h	0.000004796	−0.208%	$43.1M	$152.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004802	−0.103%	$7K	—	15x	as long as short
BloFin PEPE-USDTshort	+0.0248%	8h	0.000004806	−0.010%	$3.9M	$21.7M	75x
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.779%	$52K	—	100x	as long as short
Lighter 1000PEPE	+0.0360%	1h	0.000004800	−0.135%	$591K	$5.1M	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0382%	8h	0.000004799	−0.158%	$29K	$11K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0400%	8h	0.000004805	−0.023%	$5K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004801	−0.114%	$575K	$25.3M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0469%	8h	0.000004799	−0.164%	$2.3M	$6.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0522%	1h	0.000004798	−0.171%	$95K	$622K	15x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004809	+0.052%	$4K	$92K	12x	as long as short
Nado kPEPE-PERP	+0.0696%	1h	0.000004805	−0.024%	$179K	$859K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0714%	1h	0.000004798	−0.177%	$2K	$9K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0722%	1h	0.000004816	+0.198%	$100K	$759K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0763%	1h	0.000004798	−0.187%	$3.9M	$13.0M	50x	as long as short
BingX 1000PEPE-USDC	+0.0774%	8h	0.000004798	−0.183%	—	$2.3M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0793%	1h	0.000004798	−0.177%	$81K	$94K	25x	as long as short
Extended 1000PEPE-USD	+0.0816%	1h	0.000004795	−0.233%	$526K	$147K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000004808	+0.031%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0819%	8h	0.000004800	−0.133%	$90.3M	$290.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0820%	8h	0.000004801	−0.109%	$127.6M	$1.02B	75x	as long as short
Aster 1000PEPEUSDT	+0.0860%	8h	0.000004802	−0.104%	$1.5M	$6.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.1232%	1h	0.000004813	+0.135%	$551	$2K	10x	as long as short