Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0549%/8h= −60.2% APRpaid last 24h −0.089%

Price spread now: gTrade (Gains Network) against Aster−0.068%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and gTrade (Gains Network) is 0.068% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000PEPEUSDT	0.000004769	0.0555	pay 0.0555% / 8h	2m 20s	$1.5M	$7.3M	50x
Short	gTrade (Gains Network) PEPE/USD	0.000004766	L +0.0006% / S −0.0006%	get 0.0001% / 1h	2m 20s	$14K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee AsterbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.068%Rate

Funding earned: −$115.37
Price spread: −0.068% → 0.000%: −$6.81
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$140.18
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 1 min ago	1.78 bp	11.0 bp −$11	19.8 bp −$198	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0330%	1h	0.000004764	−0.112%	$69.2M	$99.7M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004768	−0.027%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDshort	L +0.0006% / S −0.0006%	1h	0.000004766	−0.068%	$14K	—	150x
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004763	−0.135%	$3.9M	$13.9M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004771	+0.035%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004768	−0.028%	$87.3M	$295.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004768	−0.028%	$151.1M	$65.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004767	−0.041%	$24.4M	$54.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004771	+0.028%	$42.1M	$151.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004725	−0.933%	$544K	$4.2M	—	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	0.000004725	−0.935%	$25K	$351K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004740	−0.615%	$99K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004770	+0.016%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004763	−0.133%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004762	−0.158%	$538K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0162%	8h	0.000004768	−0.022%	$2.3M	$6.5M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0178%	8h	0.000004767	−0.042%	$5K	$16	20x	as long as short
Lighter 1000PEPE	+0.0184%	1h	0.000004772	+0.056%	$576K	$6.6M	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004771	+0.034%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0194%	8h	0.000004772	+0.056%	$42.6M	$501.0M	50x	as long as short
BloFin PEPE-USDT	+0.0315%	8h	0.000004763	−0.133%	$3.9M	$22.5M	75x	as long as short
01 Exchange kPEPEUSD	+0.0320%	1h	0.000004771	+0.035%	$547	$2K	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0343%	8h	0.000004771	+0.035%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0396% / S −0.0435%	1h	0.000004000	−16.131%	$43K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004753	−0.343%	$558K	$25.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004746	−0.490%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0536%	1h	0.000004768	−0.037%	$93K	$603K	15x	as long as short
BingX 1000PEPE-USDT	+0.0540%	8h	0.000004771	+0.026%	—	$257.4M	—	as long as short
Aster 1000PEPEUSDTlong	+0.0555%	8h	0.000004769	long leg	$1.5M	$7.3M	50x
Binance 1000PEPEUSDT	+0.0558%	8h	0.000004772	+0.051%	$134.2M	$1.07B	75x	as long as short
Extended 1000PEPE-USD	+0.0560%	1h	0.000004769	−0.011%	$524K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0560%	8h	0.000004773	+0.079%	$90.4M	$283.8M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000004771	+0.035%	$135K	—	3x	as long as short
Nado kPEPE-PERP	+0.0583%	1h	0.000004771	+0.029%	$180K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0800%	1h	0.000004765	−0.091%	$77K	$98K	25x	as long as short