Funding you earn now, next payment 04:00 UTC−0.0563%/8h= −61.7% APRpaid last 24h −0.048%
Price spread now: SunX against ApeX Omni+1.303%73s7-day average +0.180% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as 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−$1481.477% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.967%−$97 · spread now +1.303%, 7d avg +0.180%
=The price spread pays, funding is against you. SunX is 1.123% dearer against ApeX Omni than usual: you sell high and buy low (spread +1.303% now, against its 7-day average of +0.180%): +$112 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 6.6 days. At the pace of the last 7 days (−0.013% in total) that is about 20 months. The two prices were read 73 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 -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment. 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 | ApeX Omni 1000PEPEUSDT | 0.000005050 | 0.0663 | pay 0.0083% / 1h | 40m 03s | $100K | $742K | 25x |
| Short | SunX 1000PEPE-USDT | 0.000005116 | 0.0100 | get 0.0100% / 8h | 4h 40m | $2K | $2.4M | 20x |
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against ApeX Omni. 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
- −$118.24
- Price spread: +1.303% → +0.180%
- $112.3
- Slippage, 4 orders
- −$129.67
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$153.61
- Costs to cover
- 1.477%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 19 min ago; SunX: live order book, 7 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 ApeX Omni live order book, 19 min ago | 3.94 bp | 11.1 bp −$11 | 55.1 bp −$551 | doesn't fit | doesn't fit |
| Sell SunX live order book, 7 min ago | 29.09 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005100 | +0.981% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005096 | +0.905% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005109 | +1.168% | $65K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005099 | +0.970% | $99.7M | $346.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005102 | +1.030% | $168.8M | $76.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005104 | +1.065% | $26.2M | $63.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005091 | +0.803% | $688K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005091 | +0.803% | $31K | $451K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000005116 | +1.303% | $2K | $2.4M | 20x | |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005107 | +1.123% | $585K | $3.7M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0173% | 8h | 0.000005100 | +1.000% | $46.5M | $175.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005108 | +1.139% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | −0.119% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0334% | 8h | 0.000005116 | +1.313% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0368% | 8h | 0.000005102 | +1.030% | $46.0M | $604.3M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0482% | 8h | 0.000005099 | +0.970% | $4.4M | $25.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0586% | 8h | 0.000005105 | +1.095% | $2.4M | $7.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0642% | 8h | 0.000005102 | +1.028% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0663% | 1h | 0.000005050 | long leg | $100K | $742K | 25x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005113 | +1.248% | $979K | $32.2M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0674% / S −0.0928% | 1h | 0.000005000 | −0.990% | $46K | — | 100x | as long as short |
| Aevo 1000PEPE-PERP | +0.0688% | 1h | 0.000005101 | +1.010% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0694% | 8h | 0.000005108 | +1.154% | $93.7M | $287.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0694% | 8h | 0.000005110 | +1.179% | $144.9M | $1.23B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0696% | 1h | 0.000005112 | +1.220% | $541K | $226K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0707% | 1h | 0.000005109 | +1.168% | $2K | $12K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0729% | 1h | 0.000005110 | +1.188% | $72K | $124K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0768% | 1h | 0.000005110 | +1.191% | $199K | $880K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0790% | 8h | 0.000005116 | +1.298% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0799% | 8h | 0.000005110 | +1.180% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0920% | 1h | 0.000005108 | +1.149% | $581K | $8.2M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0948% | 1h | 0.000005107 | +1.125% | $98K | $655K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.1032% | 1h | 0.000005128 | +1.545% | $619 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1276% | 1h | 0.000005106 | +1.110% | $4.5M | $15.5M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1453% | 1h | 0.000005108 | +1.149% | $54.8M | $140.3M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE