Funding you earn now, next payment 08:00 UTC−0.0576%/8h= −63.1% APRnext payment −$5.76 per $10,000 · paid last 24h −0.107%
Price spread now: Bitget against Aster+0.381%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs+$7as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Funding, last 7 days−0.232%−$23 on $10k
+Price spread, last 7 days−0.462%−$46 · spread now +0.381%, 7d avg −0.040%
=Together, before fees−0.694%+ Points / potential airdropAster: Stage 5 · farm board−$69 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.421% dearer against Aster than usual: you sell high and buy low (spread +0.381% now, against its 7-day average of −0.040%): +$42 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.232% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.232% in total (about -12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.76 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 | 0.000005009 | 0.0676 | pay 0.0676% / 8h | 5h 45m | $1.8M | $8.9M | 50x |
| Short | Bitget PEPEUSDT | 0.000005028 | 0.0100 | get 0.0100% / 8h | 5h 45m | $46.2M | $170.8M | 75x |
Aster 1000PEPEUSDT
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$120.97
- Price spread: +0.381% → −0.040%
- $42.06
- Slippage, 4 orders
- −$15.15
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$114.06
- Costs to cover
- 0.351%
- Break-even
- from the start
Slippage from Aster: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago | 1.49 bp | 9.7 bp −$10 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.78 bp | 9.4 bp −$9 | 11.3 bp −$113 | 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 | 0.000005015 | +0.120% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005015 | +0.137% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005017 | +0.169% | $63K | $135K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005018 | +0.191% | $98.0M | $332.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005024 | +0.309% | $164.6M | $73.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005006 | −0.049% | $25.2M | $62.0M | 75x | as long as short |
| Bitget PEPEUSDTshort | +0.0100% | 8h | 0.000005028 | +0.381% | $46.2M | $170.8M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005020 | +0.221% | $706K | $4.6M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005017 | +0.174% | $27K | $424K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005029 | +0.416% | $953 | $2.4M | 20x | 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
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005018 | +0.185% | $574K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005024 | +0.307% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0296% | 8h | 0.000005028 | +0.389% | $45.3M | $580.1M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0309% | 8h | 0.000005025 | +0.323% | $33K | $24K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0414% | 8h | 0.000005017 | +0.169% | — | $24.9M | 75x | as long as short |
| BingX 1000PEPE-USDT | +0.0553% | 8h | 0.000005027 | +0.359% | — | $260.7M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0559% / S −0.0856% | 1h | 0.000005000 | −0.171% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005022 | +0.269% | $836K | $30.8M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0584% | 1h | 0.000005021 | +0.249% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0588% | 8h | 0.000005017 | +0.163% | $95.3M | $287.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0589% | 8h | 0.000005019 | +0.205% | $141.4M | $1.19B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0592% | 1h | 0.000005027 | +0.378% | $530K | $219K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0617% | 1h | 0.000005017 | +0.169% | $2K | $12K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0648% | 8h | 0.000005017 | +0.163% | $2.3M | $7.0M | 50x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0676% | 8h | 0.000005009 | long leg | $1.8M | $8.9M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0733% | 8h | 0.000005026 | +0.354% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0747% | 1h | 0.000005022 | +0.269% | $61K | $114K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0906% | 1h | 0.000005019 | +0.201% | $99K | $617K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.926% | $4K | $102K | 12x | as long as short |
| Nado kPEPE-PERP | +0.0995% | 1h | 0.000005023 | +0.288% | $186K | $864K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1000% | 1h | 0.000005022 | +0.269% | $606 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1034% | 1h | 0.000005013 | +0.089% | $98K | $752K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1388% | 1h | 0.000005014 | +0.110% | $4.2M | $15.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.1672% | 1h | 0.000005025 | +0.329% | $724K | $8.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1757% | 1h | 0.000005015 | +0.129% | $55.1M | $137.3M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
SoDEX 1000PEPE-USD
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE