Funding you earn now, next payment 00:00 UTC−0.0382%/8h= −41.9% APRnext payment −$3.82 per $10,000 · paid last 24h −0.063%
Price spread now: Phemex against Aster+0.086%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$740.744% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 3 days (all we have)+0.147%+$15 · spread now +0.086%, 7d avg −0.025%
=Together, before fees−0.053%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.111% dearer against Aster than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of −0.025%): +$11 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.200% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.200% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.82 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 | 0.000004801 | 0.0849 | pay 0.0849% / 8h | 2h 34m | $1.5M | $6.8M | 50x |
| Short | Phemex u1000PEPEUSDT | 0.000004805 | 0.0467 | get 0.0467% / 8h | 2h 34m | $2.3M | $6.3M | 50x |
Aster 1000PEPEUSDT
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$80.29
- Price spread: +0.086% → −0.025%
- $11.14
- Slippage, 4 orders
- −$54.35
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$143.49
- Costs to cover
- 0.744%
- Break-even
- never at this rate
Slippage from Aster: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago | 1.45 bp | 9.5 bp −$9 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 20.13 bp | 32.7 bp −$33 | 48.5 bp −$485 | 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 | 0.000004793 | −0.150% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004795 | −0.120% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004801 | +0.009% | $56.6M | $69.9M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004801 | +0.009% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004798 | −0.053% | $88.6M | $273.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004798 | −0.053% | $148.5M | $61.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004800 | −0.005% | $23.7M | $52.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004799 | −0.025% | $705K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004821 | +0.426% | $27K | $337K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004807 | +0.139% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
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 | 0.000004805 | +0.089% | $553K | $3.6M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0125% | 8h | 0.000004803 | +0.051% | $41.3M | $487.8M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0168% | 8h | 0.000004803 | +0.049% | $43.3M | $152.1M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004803 | +0.055% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0241% | 8h | 0.000004806 | +0.114% | $3.9M | $21.7M | 75x | as long as short |
| Lighter 1000PEPE | +0.0248% | 1h | 0.000004802 | +0.030% | $591K | $5.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.676% | $52K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0355% | 8h | 0.000004799 | −0.034% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0373% | 8h | 0.000004800 | −0.011% | $30K | $10K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0423% | 1h | 0.000004805 | +0.086% | $95K | $623K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004802 | +0.030% | $584K | $25.3M | 50x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0467% | 8h | 0.000004805 | +0.086% | $2.3M | $6.3M | 50x | |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004805 | +0.093% | $4K | $92K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0582% | 1h | 0.000004801 | +0.009% | $2K | $9K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0665% | 1h | 0.000004800 | −0.004% | $179K | $865K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0670% | 1h | 0.000004816 | +0.322% | $100K | $758K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0763% | 1h | 0.000004802 | +0.026% | $3.9M | $13.0M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0767% | 8h | 0.000004803 | +0.051% | — | $254.8M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0792% | 1h | 0.000004802 | +0.030% | $81K | $94K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004804 | +0.068% | $526K | $146K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0808% | 1h | 0.000004808 | +0.155% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0809% | 8h | 0.000004805 | +0.086% | $127.4M | $1.02B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0810% | 8h | 0.000004803 | +0.047% | $89.6M | $289.3M | 300x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0849% | 8h | 0.000004801 | long leg | $1.5M | $6.8M | 50x | |
| 01 Exchange kPEPEUSD | +0.1240% | 1h | 0.000004813 | +0.259% | $551 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
01 Exchange kPEPEUSD