PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0379%/8h= −41.5% APRnext payment −$3.79 per $10,000 · paid last 24h −0.043%

Price spread now: SunX against BingX+0.257%7-day average — · 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−$111as in the Price arb table

costs, in and out, $10k−$1371.365% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.257% dearer against BingX than usual: you sell high and buy low (spread +0.257% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.038% in total) that is about 47 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.79 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	BingX 1000PEPE-USDT	0.000004974	0.0479	pay 0.0479% / 8h	7h 26m	—	$257.2M	—
Short	SunX 1000PEPE-USDT	0.000004987	0.0100	get 0.0100% / 8h	7h 26m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now +0.257%Rate

Funding earned: −$79.59
Price spread: +0.257% → 0.000%: $25.73
Slippage, 4 orders: −$118.53
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$190.39
Costs to cover: 1.365%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; SunX: live order book, 10 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 BingX live order book, 13 min ago	0.10 bp	5.2 bp −$5	7.5 bp −$75	16.2 bp −$1,615	37.3 bp −$18.7K
Sell SunX live order book, 10 min ago	29.18 bp	78.5 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
Kraken Futures PF_PEPEUSD	−0.0118%	1h	0.000004979	+0.098%	$3.9M	$14.1M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004976	+0.030%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004976	+0.036%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004983	+0.177%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004970	−0.080%	$92.3M	$304.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004971	−0.064%	$157.8M	$66.9M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004976	+0.030%	$25.2M	$56.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004977	+0.054%	$43.4M	$152.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004973	−0.031%	$612K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004970	−0.083%	$52K	$377K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDTshort	+0.0100%	8h	0.000004987	+0.257%	$2K	$2.4M	20x
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004980	+0.117%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004976	+0.032%	$558K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004971	−0.056%	$2.4M	$6.7M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0183%	8h	0.000004974	−0.004%	$43.8M	$530.2M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004976	+0.046%	$8K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0208%	8h	0.000004978	+0.085%	$6K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0285%	8h	0.000004980	+0.121%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0301%	8h	0.000004972	−0.044%	$4.0M	$23.6M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0348%	1h	0.000004968	−0.125%	$103K	$755K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004982	+0.157%	$675K	$27.2M	50x	as long as short
Lighter 1000PEPE	+0.0376%	1h	0.000004983	+0.177%	$584K	$6.7M	10x	as long as short
Nado kPEPE-PERP	+0.0455%	1h	0.000004980	+0.114%	$192K	$857K	10x	as long as short
BingX 1000PEPE-USDTlong	+0.0479%	8h	0.000004974	long leg	—	$257.2M	—
GMX PEPE/USD [ETH-USDC]	L +0.0480% / S −0.0383%	1h	0.000004000	−19.585%	$62K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0488%	1h	0.000004972	−0.037%	$546K	$148K	25x	as long as short
01 Exchange kPEPEUSD	+0.0488%	1h	0.000004988	+0.277%	$1K	$2K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0488%	1h	0.000004977	+0.056%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0489%	8h	0.000004973	−0.014%	$98.3M	$285.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0489%	8h	0.000004979	+0.100%	$138.8M	$1.10B	75x	as long as short
Aster 1000PEPEUSDT	+0.0518%	8h	0.000004980	+0.126%	$1.5M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0564%	1h	0.000004976	+0.026%	$94K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004937	−0.748%	$4K	$102K	12x	as long as short
Hyperliquid kPEPE	+0.0818%	1h	0.000004989	+0.298%	$59.2M	$120.3M	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0957%	1h	0.000004979	+0.096%	$68K	$110K	25x	as long as short