Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.046%
Price spread now: Extended against Aster+0.147%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$320.317% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.113%−$11 on $10k
Price spread, last 4 days (all we have)−0.399%−$40 · spread now +0.147%, 7d avg −0.100%
Together, before fees−0.513%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.247% dearer against Aster than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of −0.100%): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 1000PEPEUSDT0.0000048960.0868pay 0.0868% / 8h2h 58m$1.5M$6.9M50x
ShortExtended 1000PEPE-USD0.0000049040.0800get 0.0100% / 1h58m 27s$537K$146K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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

Funding earned
−$14.22
Price spread: +0.147% → −0.100%
$24.69
Slippage, 4 orders
−$18.68
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$21.21
Costs to cover
0.317%
Break-even
never at this rate
Slippage from Aster: live order book, 5 min ago; Extended: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago0.91 bp8.6 bp −$911.4 bp −$114doesn't fitdoesn't fit
Sell Extended live order book, 29 min ago3.05 bp7.7 bp −$845.4 bp −$454doesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004891−0.120%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004895−0.022%$15K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004902+0.115%$56.8M$66.9M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004894−0.049%$58K$108K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004898+0.041%$88.6M$268.8M50xas long as short
OKX PEPE-USDT-SWAP+0.0100%8h0.000004902+0.115%$42.9M$490.4M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004890−0.130%$149.2M$59.5M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004898+0.027%$25.0M$49.6M75xas long as short
Backpack kPEPE_USDC_PERP+0.0100%1h0.000004903+0.137%$98K$588K15xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004925+0.576%$724K$3.8Mas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004930+0.684%$28K$336K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004915+0.372%$2K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004912+0.319%$2K$9K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004911+0.303%$565K$3.8M75xas long as short
Bitget PEPEUSDT+0.0183%8h0.000004903+0.145%$46.0M$141.5M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004902+0.118%$7K15xas long as short
BloFin PEPE-USDT+0.0220%8h0.000004909+0.258%$4.0M$21.8M75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0310% / S −0.0260%1h0.000004000−18.307%$48K100xas long as short
Orderly PERP_1000PEPE_USDC+0.0342%8h0.000004909+0.258%$31K$10K20xas long as short
Paradex kPEPE-USD-PERP+0.0360%8h0.000004898+0.025%$5K$2620xas long as short
ApeX Omni 1000PEPEUSDT+0.0374%1h0.000004926+0.605%$102K$755K25xas long as short
Phemex u1000PEPEUSDT+0.0420%8h0.000004905+0.176%$2.4M$6.2M50xas long as short
Lighter 1000PEPE+0.0424%1h0.000004897+0.013%$594K$4.9M10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004915+0.380%$631K$25.4M50xas long as short
01 Exchange kPEPEUSD+0.0544%1h0.000004906+0.196%$562$2K10xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004922+0.523%$4K$92K12xas long as short
Kraken Futures PF_PEPEUSD+0.0745%1h0.000004912+0.324%$3.9M$12.5M50xas long as short
BingX 1000PEPE-USDT+0.0764%8h0.000004907+0.219%$253.6Mas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0769%1h0.000004913+0.339%$79K$91K25xas long as short
Binance 1000PEPEUSDT+0.0796%8h0.000004904+0.147%$131.7M$993.4M75xas long as short
MEXC PEPE_USDT+0.0799%8h0.000004896−0.010%$125.3M$278.9M300xas long as short
Extended 1000PEPE-USDshort+0.0800%1h0.000004904+0.147%$537K$146K25x
Aevo 1000PEPE-PERP+0.0800%1h0.000004900+0.074%$139K3xas long as short
Aster 1000PEPEUSDTlong+0.0868%8h0.000004896long leg$1.5M$6.9M50x
Nado kPEPE-PERP+0.0982%1h0.000004904+0.159%$193K$857K10xas long as short