Funding you earn now, next payment 08:00 UTC−0.0709%/8h= −77.6% APRnext payment −$7.09 per $10,000 · paid last 24h −0.037%
Price spread now: SunX against Binance+0.139%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1411.410% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.139%, 7d avg +0.138%
=The price spread sits at its 7-day average of +0.138%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.09 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 | Binance 1000PEPEUSDT | 0.000005014 | 0.0809 | pay 0.0809% / 8h | 2h 49m | $142.0M | $1.39B | 75x |
| Short | SunX 1000PEPE-USDT | 0.000005021 | 0.0100 | get 0.0100% / 8h | 2h 49m | $2K | $2.6M | 20x |
Binance 1000PEPEUSDT
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. 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
- −$148.91
- Price spread: +0.139% → +0.138%
- $0.07
- Slippage, 4 orders
- −$122.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$289.8
- Costs to cover
- 1.410%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; SunX: live order book, 7 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 Binance live order book, 9 min ago | 0.10 bp | 7.9 bp −$8 | 8.7 bp −$87 | 9.6 bp −$962 | doesn't fit |
| Sell SunX live order book, 7 min ago | 29.17 bp | 78.4 bp −$78 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005021 | +0.133% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005011 | −0.064% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005026 | +0.231% | $63K | $165K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005012 | −0.048% | $98.6M | $399.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005011 | −0.068% | $160.1M | $92.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005015 | +0.017% | $25.0M | $70.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005035 | +0.403% | $596K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004979 | −0.698% | $27K | $536K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000005021 | +0.139% | $2K | $2.6M | 20x | |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005024 | +0.181% | $561K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005018 | +0.079% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0306% | 1h | 0.000005017 | +0.051% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0343% | 8h | 0.000005016 | +0.031% | $45.4M | $208.5M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0349% | 1h | 0.000005015 | +0.011% | $72K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0409% | 8h | 0.000005016 | +0.031% | $46.4M | $678.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0414% | 8h | 0.000005018 | +0.061% | $33K | $27K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0531% | 8h | 0.000005038 | +0.470% | $4.8M | $27.9M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0544% | 8h | 0.000005020 | +0.120% | $6K | — | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0585% | 1h | 0.000004982 | −0.647% | $153K | $812K | 25x | as long as short |
| Lighter 1000PEPE | +0.0640% | 1h | 0.000005020 | +0.111% | $601K | $9.0M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0664% | 1h | 0.000005012 | −0.042% | $73K | $826K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005028 | +0.271% | $620K | $36.7M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0696% | 8h | 0.000005015 | +0.007% | $2.4M | $7.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0704% | 1h | 0.000005031 | +0.330% | $607 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0778% | 8h | 0.000005009 | −0.112% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0780% | 1h | 0.000005024 | +0.197% | $169K | $940K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005042 | +0.550% | $143K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0806% | 8h | 0.000005015 | +0.013% | $96.6M | $298.6M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005015 | +0.021% | $533K | $262K | 25x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0809% | 8h | 0.000005014 | long leg | $142.0M | $1.39B | 75x | |
| Kraken Futures PF_PEPEUSD | +0.0852% | 1h | 0.000005012 | −0.046% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0881% | 8h | 0.000005019 | +0.085% | $1.7M | $11.0M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1042% | 1h | 0.000005019 | +0.091% | $53.3M | $150.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1051% / S −0.1949% | 1h | 0.000005000 | −0.288% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004976 | −0.766% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Nado kPEPE-PERP
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP