Funding you earn now, next payment 08:00 UTC−0.0548%/8h= −60.0% APRnext payment −$5.48 per $10,000 · paid last 24h −0.037%
Price spread now: SunX against Binance−0.147%7-day average +0.139% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1411.409% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.557%+$56 · spread now −0.147%, 7d avg +0.139%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and SunX is 0.286% cheaper against Binance than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.139%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.48 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 | Binance 1000PEPEUSDT | 0.000005029 | 0.0648 | pay 0.0648% / 8h | 5h 05m | $140.8M | $1.21B | 75x |
| Short | SunX 1000PEPE-USDT | 0.000005022 | 0.0100 | get 0.0100% / 8h | 5h 05m | $1K | $2.4M | 20x |
Binance 1000PEPEUSDT
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. 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
- −$115.16
- Price spread: −0.147% → +0.139%
- −$28.58
- Slippage, 4 orders
- −$122.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$284.68
- Costs to cover
- 1.409%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; SunX: live order book, 1 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 Binance live order book, 8 min ago | 0.40 bp | 6.8 bp −$7 | 11.1 bp −$111 | 37.4 bp −$3,745 | doesn't fit |
| Sell SunX live order book, 1 min ago | 29.11 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 | 0.000005019 | −0.202% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005007 | −0.447% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005024 | −0.103% | $64K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005026 | −0.072% | $97.9M | $341.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005026 | −0.064% | $165.1M | $75.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005028 | −0.030% | $25.9M | $63.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005009 | −0.411% | $672K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005010 | −0.376% | $27K | $444K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000005022 | −0.147% | $1K | $2.4M | 20x | |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005017 | −0.245% | $571K | $3.6M | 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 | +0.0139% | 8h | 0.000005030 | +0.024% | $46.0M | $173.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005013 | −0.315% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0319% | 8h | 0.000005013 | −0.326% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0348% | 8h | 0.000005032 | +0.056% | $45.6M | $589.2M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0469% | 8h | 0.000005018 | −0.223% | $4.3M | $25.1M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0490% | 1h | 0.000005015 | −0.282% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0530% | 1h | 0.000005007 | −0.441% | $99K | $750K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0549% | 1h | 0.000005010 | −0.382% | $71K | $124K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005017 | −0.243% | $941K | $31.4M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0609% | 8h | 0.000005019 | −0.211% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000005003 | −0.521% | $141K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0641% / S −0.1031% | 1h | 0.000005000 | −0.581% | $49K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0646% | 8h | 0.000005030 | +0.010% | $94.7M | $290.7M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000005028 | −0.032% | $530K | $226K | 25x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0648% | 8h | 0.000005029 | long leg | $140.8M | $1.21B | 75x | |
| Aster 1000PEPEUSDT | +0.0736% | 8h | 0.000005027 | −0.049% | $1.8M | $9.2M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0756% | 8h | 0.000005017 | −0.235% | $2.4M | $7.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0785% | 8h | 0.000005030 | +0.021% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0786% | 1h | 0.000005011 | −0.362% | $185K | $871K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0948% | 1h | 0.000005022 | −0.147% | $93K | $631K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005014 | −0.302% | $605 | $3K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005011 | −0.362% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.1184% | 1h | 0.000005025 | −0.084% | $659K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1387% | 1h | 0.000005015 | −0.285% | $4.3M | $15.3M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1564% | 1h | 0.000005034 | +0.095% | $53.8M | $139.6M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE