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+0.0083%/8h= +9.1% APRnext payment +$0.83 per $10,000 · paid last 24h +0.060%
Price spread now: Aster against BingX+0.129%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$290.293% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.104%+$10 on $10k
Price spread, last 7 days−0.053%−$5 · spread now +0.129%, 7d avg +0.061%
Together, before fees+0.051%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.068% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.061%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 1000PEPE-USDT0.0000048150.0813pay 0.0813% / 8h2h 13m$254.7M
ShortAster 1000PEPEUSDT0.0000048210.0896get 0.0896% / 8h2h 13m$1.5M$6.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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
$17.44
Price spread: +0.129% → +0.061%
$6.79
Slippage, 4 orders
−$11.32
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$5.09
Costs to cover
0.293%
Break-even
9.0 days
Slippage from BingX: live order book, 11 min ago; Aster: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 11 min ago0.41 bp5.5 bp −$69.6 bp −$9618.1 bp −$1,81240.0 bp −$20.0K
Sell Aster live order book, 5 min ago0.31 bp5.8 bp −$68.8 bp −$88doesn'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%1h0.000004812−0.055%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004828+0.278%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004803−0.245%$58.0M$72.1M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004816+0.025%$59K$113K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004801−0.287%$87.4M$275.3M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004813−0.037%$150.3M$62.2M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004816+0.029%$25.0M$53.2M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004810−0.094%$559K$3.8Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004818+0.064%$27K$342K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004842+0.561%$2K$2.4M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000004837+0.471%$557K$3.4M75xas long as short
OKX PEPE-USDT-SWAP+0.0164%8h0.000004803−0.245%$41.3M$484.2M50xas long as short
Bitget PEPEUSDT+0.0180%8h0.000004805−0.208%$42.4M$150.7M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004804−0.216%$7K15xas long as short
BloFin PEPE-USDT+0.0279%8h0.000004829+0.295%$3.9M$21.8M75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0318% / S −0.0217%1h0.000004000−16.923%$52K100xas long as short
Orderly PERP_1000PEPE_USDC+0.0409%8h0.000004836+0.434%$30K$11K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004826+0.233%$581K$25.2M50xas long as short
Phemex u1000PEPEUSDT+0.0477%8h0.000004835+0.426%$2.3M$6.4M50xas long as short
Paradex kPEPE-USD-PERP+0.0518%8h0.000004816+0.017%$5K$1620xas long as short
Injective PEPE/USDC PERP+0.0555%1h0.000004817+0.046%$4K$110K12xas long as short
Lighter 1000PEPE+0.0648%1h0.000004820+0.108%$610K$5.3M10xas long as short
Backpack kPEPE_USDC_PERP+0.0700%1h0.000004827+0.255%$93K$622K15xas long as short
Nado kPEPE-PERP+0.0743%1h0.000004807−0.164%$188K$848K10xas long as short
Kraken Futures PF_PEPEUSD+0.0758%1h0.000004833+0.374%$3.9M$13.1M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0765%1h0.000004818+0.066%$102K$761K25xas long as short
SoDEX 1000PEPE-USD+0.0812%1h0.000004833+0.378%$2K$9K10xas long as short
BingX 1000PEPE-USDTlong+0.0813%8h0.000004815long leg$254.7M
Aevo 1000PEPE-PERP+0.0856%1h0.000004827+0.253%$136K3xas long as short
MEXC PEPE_USDT+0.0863%8h0.000004819+0.085%$91.7M$291.7M300xas long as short
Binance 1000PEPEUSDT+0.0863%8h0.000004811−0.088%$128.2M$1.02B75xas long as short
Extended 1000PEPE-USD+0.0864%1h0.000004815+0.013%$529K$147K25xas long as short
Aster 1000PEPEUSDTshort+0.0896%8h0.000004821+0.129%$1.5M$6.8M50x
Deribit 1000PEPE_USDC-PERPETUAL+0.1200%1h0.000004835+0.420%$82K$94K25xas long as short
01 Exchange kPEPEUSD+0.1216%1h0.000004821+0.129%$552$2K10xas long as short