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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0766%/8h= −83.9% APRnext payment $7.66 per $10,000 · paid last 24h −0.060%
Price spread now: SunX against Aster+0.115%7-day average +0.106% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.099%−$10 on $10k
Price spread, last 3 days (all we have)+0.231%+$23 · spread now +0.115%, 7d avg +0.106%
Together, before fees+0.132%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.106%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about $7.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 1000PEPEUSDT0.0000048810.0866pay 0.0866% / 8h2h 44m$1.6M$6.7M50x
ShortSunX 1000PEPE-USDT0.0000048870.0100get 0.0100% / 8h2h 44m$2K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$160.84
Price spread: +0.115% → +0.106%
$0.88
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$175.95
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 5 min ago; SunX: live order book, 2 min ago. Net counts fees only.

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 ago0.61 bp7.0 bp −$713.3 bp −$133doesn't fitdoesn't fit
Sell SunX live order book, 2 min ago500.08 bpdoesn't fitdoesn't fitdoesn'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%1h0.000004869−0.264%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004878−0.076%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004880−0.028%$56.9M$69.0M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004876−0.110%$57K$109K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004878−0.069%$89.0M$271.6M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004875−0.131%$148.9M$60.8M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004879−0.041%$25.2M$51.2M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004899+0.351%$716K$3.7Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004908+0.538%$28K$337K20xas long as short
SunX 1000PEPE-USDTshort+0.0100%8h0.000004887+0.115%$2K$2.4M20x
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000004886+0.086%$555K$3.5M75xas long as short
OKX PEPE-USDT-SWAP+0.0112%8h0.000004881−0.008%$42.1M$494.3M50xas long as short
Bitget PEPEUSDT+0.0171%8h0.000004879−0.055%$44.7M$150.9M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004885+0.076%$7K15xas long as short
BloFin PEPE-USDT+0.0232%8h0.000004880−0.028%$3.9M$21.7M75xas long as short
Lighter 1000PEPE+0.0248%1h0.000004883+0.033%$599K$5.1M10xas long as short
Backpack kPEPE_USDC_PERP+0.0307%1h0.000004879−0.043%$105K$620K15xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0319% / S −0.0217%1h0.000004000−18.056%$53K100xas long as short
Paradex kPEPE-USD-PERP+0.0349%8h0.000004879−0.059%$5K$1620xas long as short
Orderly PERP_1000PEPE_USDC+0.0360%8h0.000004883+0.031%$30K$10K20xas long as short
Phemex u1000PEPEUSDT+0.0407%8h0.000004874−0.162%$2.3M$6.3M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004879−0.049%$583K$25.7M50xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004888+0.135%$4K$92K12xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0570%1h0.000004882+0.012%$82K$94K25xas long as short
SoDEX 1000PEPE-USD+0.0579%1h0.000004881−0.008%$2K$9K10xas long as short
Nado kPEPE-PERP+0.0648%1h0.000004882+0.012%$182K$866K10xas long as short
Kraken Futures PF_PEPEUSD+0.0750%1h0.000004880−0.033%$3.9M$12.8M50xas long as short
BingX 1000PEPE-USDC+0.0754%8h0.000004878−0.074%$2.3Mas long as short
Aevo 1000PEPE-PERP+0.0800%1h0.000004889+0.156%$138K3xas long as short
MEXC PEPE_USDT+0.0805%8h0.000004879−0.047%$91.5M$287.9M300xas long as short
Binance 1000PEPEUSDT+0.0806%8h0.000004881−0.002%$128.9M$1.01B75xas long as short
Extended 1000PEPE-USD+0.0808%1h0.000004879−0.039%$538K$146K25xas long as short
Aster 1000PEPEUSDTlong+0.0866%8h0.000004881long leg$1.6M$6.7M50x
ApeX Omni 1000PEPEUSDT+0.0899%1h0.000004912+0.627%$102K$758K25xas long as short
01 Exchange kPEPEUSD+0.1472%1h0.000004887+0.115%$560$2K10xas long as short