PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0105%/8h= +11.5% APRnext payment +$1.05 per $10,000 · paid last 24h −0.009%

Price spread now: OKX against SunX−0.315%7-day average −0.180% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1391.394% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.315%, 7d avg −0.180%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.135% cheaper against SunX than usual: you would sell low and buy high (spread −0.315% now, against its 7-day average of −0.180%). If the spread goes back, that is −$14 on $10k: about 4.3 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000004862	0.0100	pay 0.0100% / 8h	1h 47m	$2K	$2.4M	20x
Short	OKX PEPE-USDT-SWAP	0.000004847	0.0205	get 0.0205% / 8h	1h 47m	$41.6M	$491.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SunX. 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 SunXbpFee OKXbpOrdersPrice spread, now −0.315%Rate

Funding earned: $22.06
Price spread: −0.315% → −0.180%: −$13.51
Slippage, 4 orders: −$121.45
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$130.9
Costs to cover: 1.394%
Break-even: 48.5 days

Slippage from SunX: live order book, 9 min ago; OKX: live order book, 2 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 SunX live order book, 9 min ago	29.15 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.03 bp	7.9 bp −$8	10.4 bp −$104	31.6 bp −$3,165	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	0.000004852	−0.222%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004841	−0.436%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004849	−0.274%	$634K	$5.4M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004845	−0.356%	$60.6M	$76.0M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004854	−0.171%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004845	−0.354%	$88.1M	$278.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004843	−0.397%	$151.4M	$62.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004847	−0.321%	$25.0M	$53.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004869	+0.140%	$582K	$3.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004867	+0.105%	$27K	$342K	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-USDTlong	+0.0100%	8h	0.000004862	long leg	$2K	$2.4M	20x
HTX PEPE-USDT	+0.0100%	8h	0.000004856	−0.132%	$551K	$3.5M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0112%	1h	0.000004847	−0.315%	$2K	$9K	10x	as long as short
Bitget PEPEUSDT	+0.0172%	8h	0.000004847	−0.323%	$42.7M	$151.3M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004850	−0.250%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAPshort	+0.0205%	8h	0.000004847	−0.315%	$41.6M	$491.9M	50x
GMX PEPE/USD [ETH-USDC]	L +0.0317% / S −0.0215%	1h	0.000004000	−17.734%	$52K	—	100x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004845	−0.356%	$3.9M	$22.2M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0438%	8h	0.000004849	−0.282%	$30K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004853	−0.191%	$639K	$25.5M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0453%	8h	0.000004843	−0.395%	$2.3M	$6.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0458%	8h	0.000004856	−0.120%	$5K	$16	20x	as long as short
01 Exchange kPEPEUSD	+0.0592%	1h	0.000004857	−0.109%	$556	$2K	10x	as long as short
Nado kPEPE-PERP	+0.0746%	1h	0.000004857	−0.118%	$187K	$854K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0761%	1h	0.000004848	−0.294%	$92K	$614K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0783%	1h	0.000004847	−0.315%	$82K	$94K	25x	as long as short
BingX 1000PEPE-USDT	+0.0837%	8h	0.000004847	−0.317%	—	$256.0M	—	as long as short
Extended 1000PEPE-USD	+0.0864%	1h	0.000004847	−0.319%	$535K	$148K	25x	as long as short
Binance 1000PEPEUSDT	+0.0865%	8h	0.000004848	−0.294%	$130.4M	$1.03B	75x	as long as short
MEXC PEPE_USDT	+0.0870%	8h	0.000004849	−0.265%	$91.8M	$282.7M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0872%	1h	0.000004854	−0.171%	$137K	—	3x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004868	+0.117%	$4K	$103K	12x	as long as short
Aster 1000PEPEUSDT	+0.0896%	8h	0.000004850	−0.244%	$1.5M	$7.0M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1302%	1h	0.000004870	+0.158%	$104K	$764K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.1316%	1h	0.000004847	−0.313%	$4.0M	$13.2M	50x	as long as short