Funding you earn now, next payment 08:00 UTC−0.0297%/8h= −32.5% APRnext payment −$2.97 per $10,000 · paid last 24h −0.009%
Price spread now: SunX against OKX−0.029%7-day average +0.163% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1391.390% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.029%, 7d avg +0.163%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SunX is 0.192% cheaper against OKX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.163%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.97 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 | OKX PEPE-USDT-SWAP | 0.000005104 | 0.0397 | pay 0.0397% / 8h | 1h 18m | $47.1M | $725.5M | 50x |
| Short | SunX 1000PEPE-USDT | 0.000005102 | 0.0100 | get 0.0100% / 8h | 1h 18m | $2K | $2.7M | 20x |
OKX PEPE-USDT-SWAP
SunX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against OKX. 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
- −$62.35
- Price spread: −0.029% → +0.163%
- −$19.21
- Slippage, 4 orders
- −$121.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$220.58
- Costs to cover
- 1.390%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; SunX: live order book, 9 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 OKX live order book, 5 min ago | 0.98 bp | 6.0 bp −$6 | 9.8 bp −$98 | 30.7 bp −$3,072 | doesn't fit |
| Sell SunX live order book, 9 min ago | 29.08 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005109 | +0.098% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005094 | −0.193% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005093 | −0.219% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005101 | −0.059% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005101 | −0.059% | $99.4M | $419.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005097 | −0.137% | $162.4M | $97.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005099 | −0.096% | $25.9M | $72.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005098 | −0.125% | $596K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005087 | −0.340% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDTshort | +0.0100% | 8h | 0.000005102 | −0.029% | $2K | $2.7M | 20x |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005098 | −0.112% | $591K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0181% | 1h | 0.000005097 | −0.137% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005097 | −0.134% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0286% | 8h | 0.000005100 | −0.074% | $45.6M | $215.9M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0310% | 1h | 0.000005094 | −0.196% | $154K | $824K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0339% | 1h | 0.000005095 | −0.176% | $73K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0394% | 8h | 0.000005096 | −0.159% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0397% | 8h | 0.000005104 | long leg | $47.1M | $725.5M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0429% | 1h | 0.000005098 | −0.121% | $73K | $860K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0458% | 1h | 0.000005095 | −0.172% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0509% | 8h | 0.000005100 | −0.081% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0518% | 8h | 0.000005095 | −0.176% | $4.4M | $29.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0565% | 8h | 0.000005099 | −0.098% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005096 | −0.157% | $680K | $38.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0680% | 1h | 0.000005105 | +0.020% | $608K | $9.1M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005106 | +0.039% | $616 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0730% | 8h | 0.000005101 | −0.065% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0752% | 1h | 0.000005102 | −0.043% | $164K | $959K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000005100 | −0.076% | $1.7M | $11.7M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005100 | −0.084% | $541K | $280K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005100 | −0.078% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0769% | 8h | 0.000005094 | −0.194% | $98.4M | $305.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0770% | 8h | 0.000005095 | −0.178% | $140.2M | $1.47B | 75x | as long as short |
| Hyperliquid kPEPE | +0.0947% | 1h | 0.000005107 | +0.059% | $52.9M | $156.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2257% | 1h | 0.000005000 | −2.038% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]