Funding you earn now, next payment 08:00 UTC−0.0747%/8h= −81.9% APRnext payment −$7.47 per $10,000 · paid last 24h −0.107%
Price spread now: SunX against Aster−0.114%46s7-day average +0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as 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−$1431.434% of the position
Funding, last 7 days−0.145%−$15 on $10k
+Price spread, last 4 days (all we have)+0.390%+$39 · spread now −0.114%, 7d avg +0.107%
=Together, before fees+0.245%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and SunX is 0.221% cheaper against Aster than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.107%). Swap the legs. The two prices were read 46 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 -0.145% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.47 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 | Aster 1000PEPEUSDT | 0.000005004 | 0.0847 | pay 0.0847% / 8h | 2h 31m | $1.7M | $11.2M | 50x |
| Short | SunX 1000PEPE-USDT | 0.000004998 | 0.0100 | get 0.0100% / 8h | 2h 31m | $1K | $2.6M | 20x |
Aster 1000PEPEUSDT
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Aster. 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
- −$156.97
- Price spread: −0.114% → +0.107%
- −$22.13
- Slippage, 4 orders
- −$127.43
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$322.53
- Costs to cover
- 1.434%
- Break-even
- never at this rate
Slippage from Aster: live order book, 2 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 Aster live order book, 2 min ago | 1.90 bp | 9.6 bp −$10 | 14.1 bp −$141 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 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 | 0.000005003 | −0.018% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004992 | −0.236% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005006 | +0.038% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005006 | +0.036% | $98.4M | $403.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005001 | −0.062% | $161.4M | $93.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004998 | −0.130% | $24.9M | $70.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004997 | −0.148% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005003 | −0.013% | $27K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000004998 | −0.114% | $1K | $2.6M | 20x | |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004995 | −0.176% | $561K | $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 | +0.0158% | 1h | 0.000004993 | −0.222% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005007 | +0.058% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0336% | 8h | 0.000005008 | +0.074% | $45.1M | $209.6M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0351% | 1h | 0.000004992 | −0.242% | $71K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0403% | 8h | 0.000004994 | −0.204% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005008 | +0.078% | $46.3M | $683.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0537% | 8h | 0.000005009 | +0.103% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0545% | 8h | 0.000005007 | +0.058% | $4.4M | $27.9M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0628% | 8h | 0.000004995 | −0.182% | $2.4M | $7.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0632% | 1h | 0.000005013 | +0.177% | $595K | $9.0M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0633% | 1h | 0.000004996 | −0.158% | $73K | $830K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0640% | 1h | 0.000005013 | +0.177% | $605 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005012 | +0.157% | $637K | $36.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0740% | 1h | 0.000005011 | +0.134% | $165K | $942K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0764% | 1h | 0.000005005 | +0.018% | $154K | $813K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0769% | 8h | 0.000005002 | −0.036% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005010 | +0.114% | $530K | $277K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0792% | 8h | 0.000005008 | +0.076% | $95.9M | $301.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0793% | 8h | 0.000005008 | +0.070% | $140.6M | $1.41B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004999 | −0.102% | $141K | — | 3x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0847% | 8h | 0.000005004 | long leg | $1.7M | $11.2M | 50x | |
| Kraken Futures PF_PEPEUSD | +0.0856% | 1h | 0.000004988 | −0.315% | $4.6M | $16.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1011% | 1h | 0.000005011 | +0.137% | $52.7M | $152.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1106% / S −0.2070% | 1h | 0.000004000 | −20.066% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | +0.597% | $3K | $111K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP