Funding you earn now, next payment 08:00 UTC−0.0356%/8h= −38.9% APRnext payment −$3.56 per $10,000 · paid last 24h −0.098%
Price spread now: OKX against Aster+0.086%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 7 days−0.211%−$21 · spread now +0.086%, 7d avg −0.063%
=Together, before fees−0.409%+ Points / potential airdropAster: Stage 5 · farm board−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.149% dearer against Aster than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of −0.063%): +$15 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.198% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.198% in total (about -10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.56 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 | 0.000005140 | 0.0775 | pay 0.0775% / 8h | 1h 39m | $1.8M | $11.7M | 50x |
| Short | OKX PEPE-USDT-SWAP | 0.000005144 | 0.0419 | get 0.0419% / 8h | 1h 39m | $48.0M | $726.6M | 50x |
Aster 1000PEPEUSDT
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$74.69
- Price spread: +0.086% → −0.063%
- $14.86
- Slippage, 4 orders
- −$12.2
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$90.03
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from Aster: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 1.35 bp | 6.7 bp −$7 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.97 bp | 7.7 bp −$8 | 11.8 bp −$118 | 37.8 bp −$3,779 | 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 | 0.000005133 | −0.128% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005134 | −0.100% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005133 | −0.123% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005132 | −0.148% | $60K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005140 | +0.010% | $101.3M | $415.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005135 | −0.090% | $164.4M | $96.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005142 | +0.039% | $26.0M | $72.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005155 | +0.292% | $615K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005161 | +0.424% | $28K | $541K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005148 | +0.156% | $1K | $2.6M | 20x | as long as short |
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 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 | 0.000005132 | −0.146% | $592K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0176% | 1h | 0.000005142 | +0.047% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005139 | −0.009% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0295% | 8h | 0.000005145 | +0.099% | $46.1M | $214.6M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0347% | 1h | 0.000005157 | +0.339% | $156K | $822K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0385% | 8h | 0.000005141 | +0.037% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0386% | 1h | 0.000005140 | 0.000% | $74K | $855K | 15x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0419% | 8h | 0.000005144 | +0.086% | $48.0M | $726.6M | 50x | |
| Kraken Futures PF_PEPEUSD | +0.0454% | 1h | 0.000005142 | +0.046% | $4.7M | $16.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0508% | 8h | 0.000005129 | −0.202% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005140 | +0.008% | $4.6M | $29.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0580% | 8h | 0.000005139 | −0.002% | $2.4M | $8.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0584% | 1h | 0.000005146 | +0.125% | $614K | $9.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005141 | +0.027% | $661K | $38.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005138 | −0.031% | $620 | $3K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0724% | 1h | 0.000005139 | −0.012% | $73K | $127K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0732% | 1h | 0.000005140 | +0.018% | $164K | $957K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0735% | 8h | 0.000005138 | −0.037% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005143 | +0.057% | $544K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005142 | +0.047% | $145K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0770% | 8h | 0.000005145 | +0.097% | $141.8M | $1.46B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0771% | 8h | 0.000005147 | +0.136% | $98.9M | $303.4M | 300x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0775% | 8h | 0.000005140 | long leg | $1.8M | $11.7M | 50x | |
| Hyperliquid kPEPE | +0.0991% | 1h | 0.000005146 | +0.125% | $55.1M | $154.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2351% | 1h | 0.000005000 | −2.716% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]