Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.015%

Price spread now: Aster against Aevo−0.003%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,165as in the Price arb table

costs, in and out, $10k−$1,15911.592% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 3 days (all we have)−0.153%−$15 · spread now −0.003%, 7d avg +0.058%

Together, before fees−0.055%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.061% cheaper against Aevo than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000004772	0.0632	pay 0.0079% / 1h	31m 50s	$135K	—	3x
Short	Aster 1000PEPEUSDT	0.000004772	0.0629	get 0.0629% / 8h	31m 50s	$1.5M	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$0.59
Price spread: −0.003% → +0.058%: −$6.07
Slippage, 4 orders: −$1,135.23
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,165.88
Costs to cover: 11.592%
Break-even: never at this rate

Slippage from Aevo: live order book, 47 min ago; Aster: live order book, 2 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 Aevo live order book, 47 min ago	275.11 bp	560.4 bp −$560	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	2.30 bp	8.4 bp −$8	12.6 bp −$126	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
Hyperliquid kPEPE	−0.0135%	1h	0.000004760	−0.251%	$65.9M	$92.7M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004764	−0.159%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004765	−0.140%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004768	−0.082%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004768	−0.084%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004765	−0.147%	$85.7M	$289.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004764	−0.168%	$149.5M	$64.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004767	−0.103%	$24.3M	$54.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004767	−0.103%	$42.1M	$150.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004776	+0.083%	$585K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004782	+0.208%	$26K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004763	−0.189%	$99K	$760K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004779	+0.153%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004769	−0.063%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004769	−0.059%	$540K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0128%	1h	0.000004770	−0.042%	$600K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0187%	8h	0.000004767	−0.107%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004770	−0.050%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0191%	8h	0.000004763	−0.182%	$2.3M	$6.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0204%	8h	0.000004768	−0.084%	$41.4M	$495.6M	50x	as long as short
01 Exchange kPEPEUSD	+0.0264%	1h	0.000004773	+0.021%	$547	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004770	−0.042%	$3.9M	$22.2M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0377% / S −0.0337%	1h	0.000004000	−16.178%	$47K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0394%	8h	0.000004769	−0.057%	$30K	$12K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004773	+0.021%	$574K	$25.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004775	+0.063%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0503%	1h	0.000004770	−0.042%	$90K	$601K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0589%	1h	0.000004769	−0.063%	$77K	$98K	25x	as long as short
BingX 1000PEPE-USDT	+0.0617%	8h	0.000004765	−0.145%	—	$256.8M	—	as long as short
Extended 1000PEPE-USD	+0.0624%	1h	0.000004766	−0.129%	$524K	$148K	25x	as long as short
Binance 1000PEPEUSDT	+0.0625%	8h	0.000004765	−0.143%	$130.7M	$1.06B	75x	as long as short
MEXC PEPE_USDT	+0.0629%	8h	0.000004764	−0.170%	$91.7M	$281.0M	300x	as long as short
Aster 1000PEPEUSDTshort	+0.0629%	8h	0.000004772	−0.003%	$1.5M	$7.3M	50x
Aevo 1000PEPE-PERPlong	+0.0632%	1h	0.000004772	long leg	$135K	—	3x
Nado kPEPE-PERP	+0.0707%	1h	0.000004771	−0.017%	$183K	$849K	10x	as long as short