Funding you earn now, next payment 01:00 UTC+0.0536%/8h= +58.6% APRpaid last 24h +0.097%
Price spread now: Injective against SunX+0.084%7-day average +0.395% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2102.102% of the position
Funding, last 7 days+0.331%+$33 on $10k
+Price spread, last 3 days (all we have)−0.288%−$29 · spread now +0.084%, 7d avg +0.395%
=Funding pays, the price is against you. Injective is 0.311% cheaper against SunX than usual: you would sell low and buy high (spread +0.084% now, against its 7-day average of +0.395%). If the spread goes back, that is −$31 on $10k: about 47 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.331% in total) that is about 6.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.331% in total (about 17.2% 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 | SunX 1000PEPE-USDT | 0.000005028 | 0.0100 | pay 0.0100% / 8h | 7h 16m | $2K | $2.4M | 20x |
| Short | Injective PEPE/USDC PERP | 0.000005032 | 0.0636 | get 0.0079% / 1h | 16m 52s | $4K | $102K | 12x |
SunX 1000PEPE-USDT
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SunX. 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
- $112.46
- Price spread: +0.084% → +0.395%
- −$31.15
- Slippage, 4 orders
- −$202.19
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$128.9
- Costs to cover
- 2.102%
- Break-even
- 15.0 days
Slippage from SunX: live order book, 9 min ago; Injective: live order book, 57 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, 9 min ago | 29.20 bp | 47.2 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 57 min ago | 18.02 bp | 18.0 bp −$18 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0117% | 1h | 0.000005021 | −0.145% | $3.9M | $14.2M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005013 | −0.300% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005016 | −0.227% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005019 | −0.175% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005043 | +0.302% | $94.6M | $307.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005037 | +0.183% | $161.6M | $68.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005041 | +0.261% | $25.9M | $57.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005045 | +0.342% | $44.1M | $153.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005008 | −0.400% | $576K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005015 | −0.253% | $52K | $379K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDTlong | +0.0100% | 8h | 0.000005028 | long leg | $2K | $2.4M | 20x | |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005022 | −0.115% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005024 | −0.082% | $567K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005013 | −0.298% | $2.4M | $6.7M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005020 | −0.152% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0192% | 8h | 0.000005049 | +0.422% | $44.9M | $542.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0237% | 8h | 0.000005019 | −0.182% | $6K | $16 | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0242% | 1h | 0.000005019 | −0.175% | $104K | $749K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0275% | 8h | 0.000005020 | −0.147% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0310% | 8h | 0.000005024 | −0.076% | $4.0M | $24.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005029 | +0.024% | $684K | $27.6M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0465% | 8h | 0.000005047 | +0.384% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0479% | 8h | 0.000005047 | +0.379% | $139.4M | $1.11B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005045 | +0.350% | $555K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0480% | 8h | 0.000005046 | +0.364% | $100.1M | $288.9M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005011 | −0.334% | $142K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0485% / S −0.0460% | 1h | 0.000005000 | −0.553% | $58K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.0504% | 1h | 0.000005028 | +0.004% | $655K | $6.8M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0517% | 8h | 0.000005030 | +0.050% | $1.4M | $7.5M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0529% | 1h | 0.000005022 | −0.118% | $190K | $862K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0544% | 1h | 0.000005030 | +0.044% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0576% | 1h | 0.000005032 | +0.088% | $95K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0636% | 1h | 0.000005032 | +0.084% | $4K | $102K | 12x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0747% | 1h | 0.000005022 | −0.115% | $61K | $114K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1611% | 1h | 0.000005058 | +0.601% | $57.6M | $129.0M | 10x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE