Funding you earn now, next payment 08:00 UTC−0.0426%/8h= −46.6% APRpaid last 24h −0.103%
Price spread now: SunX against Deribit+0.188%7-day average +0.180% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1441.442% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.188%, 7d avg +0.180%
=The price spread sits at its 7-day average of +0.180%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005161 | 0.0526 | pay 0.0066% / 1h | 37m 39s | $74K | $127K | 25x |
| Short | SunX 1000PEPE-USDT | 0.000005171 | 0.0100 | get 0.0100% / 8h | 37m 39s | $1K | $2.7M | 20x |
Deribit 1000PEPE_USDC-PERPETUAL
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Deribit. 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
- −$89.38
- Price spread: +0.188% → +0.180%
- $0.81
- Slippage, 4 orders
- −$129.23
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$232.8
- Costs to cover
- 1.442%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 31 min ago; SunX: live order book, 10 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 Deribit live order book, 31 min ago | 5.84 bp | 9.3 bp −$9 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 29.13 bp | 78.3 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 | 0.000005157 | −0.078% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005156 | −0.103% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005165 | +0.078% | $60K | $183K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005162 | +0.023% | $99.3M | $427.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005160 | −0.019% | $163.4M | $98.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005207 | +0.901% | $652K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005222 | +1.181% | $29K | $545K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000005171 | +0.188% | $1K | $2.7M | 20x | |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005170 | +0.171% | $601K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0128% | 8h | 0.000005159 | −0.037% | $26.8M | $73.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005164 | +0.051% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0269% | 8h | 0.000005176 | +0.287% | $46.4M | $219.3M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0303% | 1h | 0.000005159 | −0.039% | $2K | $11K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0378% | 1h | 0.000005219 | +1.124% | $151K | $833K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0379% | 8h | 0.000005171 | +0.194% | $47.5M | $746.9M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005156 | −0.097% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0412% | 8h | 0.000005162 | +0.027% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0481% | 8h | 0.000005169 | +0.155% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0501% | 8h | 0.000005162 | +0.019% | $4.4M | $30.3M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0516% | 1h | 0.000005158 | −0.066% | $78K | $877K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0526% | 1h | 0.000005161 | long leg | $74K | $127K | 25x | |
| Phemex u1000PEPEUSDT | +0.0535% | 8h | 0.000005160 | −0.023% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005164 | +0.058% | $644K | $39.7M | 50x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000005167 | +0.116% | $620K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0707% | 1h | 0.000005160 | −0.011% | $165K | $956K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0711% | 1h | 0.000005158 | −0.063% | $4.7M | $16.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0712% | 8h | 0.000005174 | +0.246% | — | $218.5M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0720% | 1h | 0.000005166 | +0.097% | $623 | $2K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0729% | 8h | 0.000005164 | +0.064% | $1.8M | $11.8M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0743% | 8h | 0.000005165 | +0.078% | $142.4M | $1.49B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005174 | +0.261% | $542K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0744% | 1h | 0.000005164 | +0.058% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0745% | 8h | 0.000005169 | +0.151% | $100.8M | $305.8M | 300x | as long as short |
| Hyperliquid kPEPE | +0.0939% | 1h | 0.000005166 | +0.097% | $53.8M | $157.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.120% | $63K | — | 100x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]