Funding you earn now, next payment 16:00 UTC−0.0341%/8h= −37.3% APRnext payment −$3.41 per $10,000 · paid last 24h −0.071%
Price spread now: SunX against BloFin+0.115%7-day average +0.204% · you sell dearer than you buy
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1471.467% of the position
Funding, last 7 days−0.220%−$22 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.115%, 7d avg +0.204%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.090% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.204%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.220% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.41 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 | BloFin PEPE-USDT | 0.000004971 | 0.0441 | pay 0.0441% / 8h | 7h 21m | $4.4M | $30.0M | 75x |
| Short | SunX 1000PEPE-USDT | 0.000004977 | 0.0100 | get 0.0100% / 8h | 7h 21m | $1K | $2.7M | 20x |
BloFin PEPE-USDT
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against BloFin. 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
- −$71.63
- Price spread: +0.115% → +0.204%
- −$8.98
- Slippage, 4 orders
- −$126.68
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$227.28
- Costs to cover
- 1.467%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; SunX: live order book, 6 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 BloFin live order book, 3 min ago | 3.96 bp | 10.9 bp −$11 | 15.6 bp −$156 | 29.0 bp −$2,904 | doesn't fit |
| Sell SunX live order book, 6 min ago | 29.10 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005078 | +2.152% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004955 | −0.322% | $58K | $188K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004969 | −0.030% | $96.5M | $445.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004966 | −0.101% | $155.9M | $101.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004995 | +0.473% | $641K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005050 | +1.591% | $35K | $558K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000004977 | +0.115% | $1K | $2.7M | 20x | |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004969 | −0.048% | $577K | $4.3M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0104% | 1h | 0.000004971 | 0.000% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000004989 | +0.362% | $6K | $121K | 12x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0162% | 8h | 0.000004977 | +0.123% | $26.0M | $75.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0182% | 8h | 0.000004971 | +0.010% | $44.8M | $225.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004964 | −0.135% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0321% | 8h | 0.000004975 | +0.080% | $45.9M | $737.9M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0353% | 1h | 0.000004975 | +0.080% | $71K | $125K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0392% | 8h | 0.000004953 | −0.364% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0393% | 1h | 0.000005078 | +2.144% | $93K | $911K | 15x | as long as short |
| Hyperliquid kPEPE | +0.0408% | 1h | 0.000004961 | −0.201% | $51.4M | $161.1M | 10x | as long as short |
| BloFin PEPE-USDTlong | +0.0441% | 8h | 0.000004971 | long leg | $4.4M | $30.0M | 75x | |
| Orderly PERP_1000PEPE_USDC | +0.0442% | 8h | 0.000004975 | +0.089% | $32K | $30K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0468% | 1h | 0.000005049 | +1.569% | $148K | $839K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000004976 | +0.101% | $692K | $39.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0536% | 1h | 0.000004926 | −0.905% | $594 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0592% | 1h | 0.000004970 | −0.020% | $585K | $9.1M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0594% | 8h | 0.000004972 | +0.018% | $2.3M | $8.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0618% | 8h | 0.000004970 | −0.026% | — | $2.3M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0638% | 1h | 0.000004970 | −0.015% | $4.6M | $17.0M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000004975 | +0.076% | $519K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000004986 | +0.302% | $141K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0643% | 8h | 0.000004967 | −0.070% | $135.8M | $1.54B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0643% | 8h | 0.000004971 | −0.010% | $97.6M | $311.1M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0667% | 8h | 0.000004977 | +0.118% | $1.7M | $12.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0710% | 1h | 0.000004961 | −0.191% | $153K | $973K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0970% / S −0.1091% | 1h | 0.000004000 | −19.533% | $49K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.4354% | 1h | 0.000004958 | −0.271% | $25K | $12K | 10x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Lighter 1000PEPE
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD