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

PEPE

all PEPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0388%/8h= +42.5% APRnext payment +$3.88 per $10,000 · paid last 24h +0.042%
Price spread now: Aster against BloFin+0.006%112s7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$330.331% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.006%, 7d avg +0.062%
Together, before fees−0.142%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.056% cheaper against BloFin than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.062%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.88 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
LongBloFin PEPE-USDT0.0000048020.0340pay 0.0340% / 8h57m 25s$3.9M$22.3M75x
ShortAster 1000PEPEUSDT0.0000048020.0727get 0.0727% / 8h57m 25s$1.5M$7.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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
$81.43
Price spread: +0.006% → +0.062%
−$5.62
Slippage, 4 orders
−$13.08
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
$42.72
Costs to cover
0.331%
Break-even
3.3 days
Slippage from BloFin: live order book, 7 min ago; Aster: live order book, 1 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 BloFin live order book, 7 min ago3.13 bp9.1 bp −$911.3 bp −$11318.0 bp −$1,799doesn't fit
Sell Aster live order book, 1 min ago1.14 bp7.5 bp −$711.0 bp −$110doesn'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
Hyperliquid kPEPE−0.0046%1h0.000004795−0.146%$65.0M$86.1M10xas long as short
dYdX PEPE-USD0.0000%1h0.000004796−0.130%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004797−0.100%$14K150xas long as short
Kraken Futures PF_PEPEUSD+0.0066%1h0.000004807+0.102%$3.9M$13.4M50xas long as short
Pacifica kPEPE+0.0100%1h0.0000048020.000%$59K$114K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004801−0.021%$86.7M$286.3M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004797−0.104%$150.6M$63.7M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004800−0.040%$24.6M$54.1M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004802+0.004%$42.3M$149.3M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004783−0.399%$548K$4.0Mas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004795−0.149%$28K$344K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004816+0.300%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004808+0.125%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004808+0.123%$544K$3.5M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004804+0.037%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0220%8h0.0000048020.000%$41.4M$495.5M50xas long as short
Paradex kPEPE-USD-PERP+0.0233%8h0.000004797−0.103%$5K$1620xas long as short
Phemex u1000PEPEUSDT+0.0289%8h0.000004809+0.150%$2.3M$6.4M50xas long as short
01 Exchange kPEPEUSD+0.0296%1h0.000004804+0.042%$550$2K10xas long as short
BloFin PEPE-USDTlong+0.0340%8h0.000004802long leg$3.9M$22.3M75x
GMX PEPE/USD [ETH-USDC]L +0.0344% / S −0.0376%1h0.000004000−16.701%$42K100xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004807+0.104%$565K$25.7M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0403%1h0.000004789−0.271%$101K$760K25xas long as short
Injective PEPE/USDC PERP+0.0437%1h0.000004794−0.167%$4K$102K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0443%8h0.000004806+0.090%$29K$11K20xas long as short
Lighter 1000PEPE+0.0672%1h0.000004800−0.042%$678K$6.1M10xas long as short
BingX 1000PEPE-USDT+0.0693%8h0.000004801−0.012%$256.4Mas long as short
Backpack kPEPE_USDC_PERP+0.0711%1h0.000004808+0.133%$92K$616K15xas long as short
Binance 1000PEPEUSDT+0.0717%8h0.000004802−0.004%$131.4M$1.05B75xas long as short
MEXC PEPE_USDT+0.0718%8h0.000004803+0.029%$92.6M$277.8M300xas long as short
Extended 1000PEPE-USD+0.0720%1h0.000004803+0.012%$529K$148K25xas long as short
Aevo 1000PEPE-PERP+0.0720%1h0.000004831+0.604%$137K3xas long as short
Aster 1000PEPEUSDTshort+0.0727%8h0.000004802+0.006%$1.5M$7.2M50x
Deribit 1000PEPE_USDC-PERPETUAL+0.0791%1h0.000004808+0.125%$81K$94K25xas long as short
Nado kPEPE-PERP+0.0913%1h0.000004803+0.026%$184K$845K10xas long as short