Funding you earn now, next payment 08:00 UTC−0.0235%/8h= −25.7% APRnext payment −$2.35 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bitget+0.060%50s7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1451.455% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now +0.060%, 7d avg +0.143%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 0.083% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.143%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.087%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.35 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 | Bitget PEPEUSDT | 0.000004991 | 0.0335 | pay 0.0335% / 8h | 2h 27m | $44.7M | $210.0M | 75x |
| Short | SunX 1000PEPE-USDT | 0.000004994 | 0.0100 | get 0.0100% / 8h | 2h 27m | $2K | $2.6M | 20x |
Bitget PEPEUSDT
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bitget. 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
- −$49.35
- Price spread: +0.060% → +0.143%
- −$8.27
- Slippage, 4 orders
- −$125.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$203.12
- Costs to cover
- 1.455%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 1.50 bp | 10.8 bp −$11 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 29.14 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004991 | −0.009% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004987 | −0.084% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004996 | +0.100% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004991 | −0.002% | $97.9M | $404.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004988 | −0.060% | $160.7M | $94.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004995 | +0.072% | $24.9M | $70.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005001 | +0.195% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005000 | +0.173% | $27K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000004994 | +0.060% | $2K | $2.6M | 20x | |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004983 | −0.156% | $558K | $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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0177% | 1h | 0.000004989 | −0.040% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004990 | −0.011% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTlong | +0.0335% | 8h | 0.000004991 | long leg | $44.7M | $210.0M | 75x | |
| Orderly PERP_1000PEPE_USDC | +0.0399% | 8h | 0.000004994 | +0.058% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000004994 | +0.060% | $45.9M | $682.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0543% | 8h | 0.000005004 | +0.260% | $4.4M | $27.9M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0547% | 8h | 0.000004999 | +0.165% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0553% | 1h | 0.000004986 | −0.100% | $71K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0616% | 1h | 0.000004990 | −0.018% | $73K | $831K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0640% | 1h | 0.000005002 | +0.220% | $603 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.0648% | 1h | 0.000005001 | +0.200% | $593K | $9.0M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0650% | 8h | 0.000004990 | −0.012% | $2.4M | $7.9M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000004986 | −0.100% | $638K | $36.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0730% | 1h | 0.000004999 | +0.160% | $154K | $813K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0735% | 1h | 0.000004994 | +0.057% | $164K | $943K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0756% | 8h | 0.000004992 | +0.014% | — | $239.1M | — | as long as short |
| Extended 1000PEPE-USD | +0.0784% | 1h | 0.000004996 | +0.100% | $528K | $277K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0785% | 8h | 0.000004990 | −0.028% | $94.7M | $301.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0786% | 8h | 0.000004992 | +0.027% | $140.0M | $1.41B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000004991 | 0.000% | $141K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0837% | 8h | 0.000004990 | −0.017% | $1.7M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0857% | 1h | 0.000004984 | −0.132% | $4.5M | $16.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0993% | 1h | 0.000004998 | +0.140% | $52.6M | $152.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1117% / S −0.2147% | 1h | 0.000004000 | −19.856% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004992 | +0.020% | $3K | $111K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP