Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.90 per $10,000 · paid last 24h +0.003%
Price spread now: SunX against Phemex+0.081%56s7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as 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−$1531.532% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 3 days (all we have)+0.101%+$10 · spread now +0.081%, 7d avg +0.122%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.041% cheaper against Phemex than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.122%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.101%, so the current rate has only just turned against you. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex u1000PEPEUSDT | 0.000004790 | 0.0190 | pay 0.0190% / 8h | 38m 19s | $2.3M | $6.4M | 50x |
| Short | SunX 1000PEPE-USDT | 0.000004794 | 0.0100 | get 0.0100% / 8h | 38m 19s | $1K | $2.4M | 20x |
Phemex u1000PEPEUSDT
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Phemex. 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
- −$18.88
- Price spread: +0.081% → +0.122%
- −$4.09
- Slippage, 4 orders
- −$133.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$176.14
- Costs to cover
- 1.532%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; SunX: live order book, 8 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 Phemex live order book, 6 min ago | 1.66 bp | 15.6 bp −$16 | 44.6 bp −$446 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 29.19 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0153% | 1h | 0.000004786 | −0.077% | $65.1M | $91.6M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004782 | −0.162% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004783 | −0.136% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004787 | −0.048% | $3.8M | $13.6M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004784 | −0.119% | $59K | $116K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004786 | −0.075% | $86.0M | $289.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004786 | −0.077% | $149.7M | $64.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004791 | +0.021% | $24.5M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004788 | −0.029% | $42.3M | $150.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004793 | +0.067% | $587K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004796 | +0.135% | $26K | $348K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004796 | +0.132% | $101K | $760K | 25x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000004794 | +0.081% | $1K | $2.4M | 20x | |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004787 | −0.056% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004793 | +0.061% | $543K | $3.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004789 | −0.015% | $7K | — | 15x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0190% | 8h | 0.000004790 | long leg | $2.3M | $6.4M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0194% | 8h | 0.000004786 | −0.078% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPE | +0.0200% | 1h | 0.000004787 | −0.056% | $607K | $6.3M | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0210% | 8h | 0.000004790 | +0.006% | $41.5M | $497.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0240% | 1h | 0.000004792 | +0.048% | $549 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0332% | 8h | 0.000004791 | +0.027% | $3.9M | $22.3M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0371% / S −0.0419% | 1h | 0.000004000 | −16.487% | $42K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004792 | +0.048% | $577K | $25.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0405% | 8h | 0.000004790 | +0.002% | $30K | $12K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0426% | 1h | 0.000004790 | +0.013% | $91K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004798 | +0.173% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0586% | 1h | 0.000004788 | −0.035% | $77K | $98K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000004787 | −0.067% | $526K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0648% | 8h | 0.000004790 | +0.008% | $92.3M | $280.4M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0648% | 1h | 0.000004786 | −0.077% | $135K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0649% | 8h | 0.000004785 | −0.094% | $131.0M | $1.06B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0653% | 8h | 0.000004789 | −0.006% | $1.5M | $7.2M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0656% | 8h | 0.000004783 | −0.144% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0767% | 1h | 0.000004791 | +0.038% | $183K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
BingX 1000PEPE-USDC
Nado kPEPE-PERP