Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0708%/8h= +77.5% APRpaid last 24h +0.004%

Price spread now: 01 Exchange against Aster+0.249%7-day average — · you sell dearer than you buy

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

Long on Aster Short on 01 Exchange

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 for this trade now. Funding pays +$21 a day on $10k at the current rate, and 01 Exchange is 0.249% dearer against Aster than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000PEPEUSDT	0.000004906	0.0868	pay 0.0868% / 8h	2h 47m	$1.5M	$6.7M	50x
Short	01 Exchange kPEPEUSD	0.000004918	0.1576	get 0.0197% / 1h	47m 12s	$563	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.249%Rate

Funding earned: $148.68
Price spread: +0.249% → 0.000%: $24.87
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $158.55
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Aster: live order book, 2 min ago; 01 Exchange: 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, 2 min ago	0.61 bp	7.0 bp −$7	13.3 bp −$133	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
dYdX PEPE-USD	0.0000%	1h	0.000004898	−0.160%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004898	−0.153%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004899	−0.139%	$56.8M	$68.6M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004901	−0.098%	$57K	$109K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004894	−0.241%	$89.5M	$271.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004895	−0.220%	$149.2M	$60.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004894	−0.238%	$25.5M	$51.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004845	−1.249%	$708K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004879	−0.555%	$27K	$337K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004917	+0.220%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004907	+0.022%	$557K	$3.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0110%	8h	0.000004899	−0.139%	$42.1M	$495.4M	50x	as long as short
Bitget PEPEUSDT	+0.0173%	8h	0.000004895	−0.216%	$45.0M	$150.4M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004908	+0.044%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0230%	8h	0.000004894	−0.241%	$4.0M	$21.8M	75x	as long as short
Lighter 1000PEPE	+0.0240%	1h	0.000004900	−0.118%	$572K	$5.0M	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0320% / S −0.0217%	1h	0.000004000	−18.464%	$53K	—	100x	as long as short
Backpack kPEPE_USDC_PERP	+0.0338%	1h	0.000004899	−0.147%	$108K	$619K	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0346%	8h	0.000004909	+0.061%	$5K	$16	20x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0357%	8h	0.000004906	+0.006%	$31K	$10K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0425%	8h	0.000004897	−0.171%	$2.4M	$6.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004899	−0.139%	$601K	$25.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004908	+0.045%	$4K	$92K	12x	as long as short
Nado kPEPE-PERP	+0.0643%	1h	0.000004907	+0.024%	$183K	$866K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0675%	1h	0.000004900	−0.118%	$2K	$9K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0747%	1h	0.000004900	−0.112%	$3.9M	$12.8M	50x	as long as short
BingX 1000PEPE-USDC	+0.0756%	8h	0.000004902	−0.079%	—	$2.3M	—	as long as short
ApeX Omni 1000PEPEUSDT	+0.0766%	1h	0.000004850	−1.137%	$101K	$757K	25x	as long as short
MEXC PEPE_USDT	+0.0798%	8h	0.000004902	−0.088%	$91.6M	$287.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0799%	8h	0.000004900	−0.112%	$129.4M	$1.01B	75x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000004902	−0.070%	$538K	$146K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000004909	+0.065%	$139K	—	3x	as long as short
Aster 1000PEPEUSDTlong	+0.0868%	8h	0.000004906	long leg	$1.5M	$6.7M	50x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0974%	1h	0.000004906	+0.004%	$83K	$94K	25x	as long as short
01 Exchange kPEPEUSDshort	+0.1576%	1h	0.000004918	+0.249%	$563	$2K	10x