Funding you earn now, next payment 00:00 UTC+0.0306%/8h= +33.5% APRnext payment +$3.06 per $10,000 · paid last 24h −0.003%
Price spread now: Phemex against SunX−0.194%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1631.632% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.194%, 7d avg −0.124%
=Funding pays, the price is against you. Phemex is 0.070% cheaper against SunX than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of −0.124%). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.101%, 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 -0.101% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.06 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 | 0.000004852 | 0.0100 | pay 0.0100% / 8h | 1h 34m | $1K | $2.4M | 20x |
| Short | Phemex u1000PEPEUSDT | 0.000004842 | 0.0406 | get 0.0406% / 8h | 1h 34m | $2.3M | $6.4M | 50x |
SunX 1000PEPE-USDT
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $64.29
- Price spread: −0.194% → −0.124%
- −$6.99
- Slippage, 4 orders
- −$143.18
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$105.88
- Costs to cover
- 1.632%
- Break-even
- 18.5 days
Slippage from SunX: live order book, 1 min ago; Phemex: 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, 1 min ago | 29.18 bp | 47.2 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 5.84 bp | 20.0 bp −$20 | 45.2 bp −$452 | 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 | 0.000004838 | −0.273% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004841 | −0.225% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004844 | −0.157% | $592K | $5.5M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004833 | −0.383% | $62.0M | $78.4M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004843 | −0.177% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004836 | −0.322% | $87.4M | $279.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004834 | −0.363% | $151.4M | $62.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004834 | −0.365% | $24.8M | $53.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004851 | −0.014% | $581K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004858 | +0.127% | $27K | $343K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | 0.000004852 | long leg | $1K | $2.4M | 20x | |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004843 | −0.177% | $3K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004847 | −0.105% | $548K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0155% | 8h | 0.000004835 | −0.340% | $42.6M | $151.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004847 | −0.101% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0203% | 8h | 0.000004839 | −0.260% | $41.8M | $493.2M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0213% / S −0.0093% | 1h | 0.000004000 | −17.553% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0323% | 8h | 0.000004842 | −0.198% | $3.9M | $22.2M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0379% | 8h | 0.000004844 | −0.160% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0406% | 8h | 0.000004842 | −0.194% | $2.3M | $6.4M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0444% | 8h | 0.000004844 | −0.146% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004844 | −0.157% | $615K | $25.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0472% | 1h | 0.000004849 | −0.054% | $555 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0577% | 1h | 0.000004843 | −0.177% | $82K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0608% | 1h | 0.000004842 | −0.190% | $91K | $614K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0730% | 1h | 0.000004845 | −0.143% | $186K | $854K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0802% | 8h | 0.000004838 | −0.276% | — | $256.1M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0832% | 8h | 0.000004836 | −0.317% | $130.9M | $1.03B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0832% | 1h | 0.000004836 | −0.319% | $532K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0832% | 1h | 0.000004847 | −0.095% | $137K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0836% | 8h | 0.000004835 | −0.336% | $92.0M | $283.6M | 300x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0841% | 1h | 0.000004868 | +0.338% | $104K | $764K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0860% | 8h | 0.000004840 | −0.248% | $1.5M | $7.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004852 | +0.008% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1317% | 1h | 0.000004843 | −0.183% | $4.0M | $13.3M | 50x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD