PAYP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	SunXPAYP-USDT	14.390	0	0.0000% / 8h	1h 51m	$1K	$2.8M	10x	Long SunX≤10% back
SHORT	MEXCPAYPSTOCK_USDT	14.380	−0.2080	pay 0.2080% / 8h	1h 51m	$183K	$136K	50x	Short MEXC

Price gap−0.069%

Funding gap−0.2080% /8h

Both sides work against this direction now: funding costs $62 a day on $10k and the gap is 0.116% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$3−0.2080% /8h now · paid +0.026% over the last 7D

Price−$12spread −0.069% now, avg +0.047% → −0.116% if it goes back

Costs−$4244.241% of $10k · taker + slippage, in and out

Result−$433−4.33%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.026% in total, about +0.0012%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.069%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PAYP on 11 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size158.7 / 47.2 bp
At $10k entering SunX costs 158.7 bp, fee and slippage, 3.4× MEXC’s.
Note: Margin at max leverage$1,000 + $200
SunX 10x, MEXC 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$62.40Long SunX: 3 payments, $0.00; short MEXC: 3 payments, −$62.40.
Watch: Gap narrower than usual−0.069% vs +0.047%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$1K vs $183K OI
SunX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCSunX No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0012%/8h × 21 periods+$2.59

Price spread−0.069% → +0.047% (7d avg)−$11.60

Slippage, 4 orderslive order books−$408.11

Fee SunX bp × 2 orders−$8.00

Fee MEXC bp × 2 orders−$8.00

Net · 7 days · $10k−$433.12

Costs to cover4.241%Break-even1177.6 days

Slippage: SunX: live order book, 6 min ago; MEXC: live order book, 37 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGSunX52.17158.7 bp−$159doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTMEXC3.3947.2 bp−$47185.8 bp−$1,858234.2 bp−$23.4K296.5 bp−$148.3K

Closing costs about the same again.

PAYP news

posts that mention PAYP, from every exchangeSearch all news →

09-28 16:00	QFEX	Other	$PAYP - PayPay Corporation is now trading 24/7 on QFEX @QFEX on X ↗
09-28 14:22	QFEX	Listing	new market PAYP-USD ($PAYP) seen by our collector