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

PEPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0686%/8h= +75.1% APRnext payment +$6.86 per $10,000 · paid last 24h +0.089%
Price spread now: Aster against Bybit+0.094%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Long on BybitShort on Aster
What this pair did over the last
the charts below follow
Funding, last 7 days+0.225%+$23 on $10k
Price spread, last 7 days+0.041%+$4 · spread now +0.094%, 7d avg +0.097%
Together, before fees+0.267%+ Points / potential airdropAster: Stage 5 · farm board+$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: +$21 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 0.225% in total (about 11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.86 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
LongBybit 1000PEPEUSDT0.0000047790.0100pay 0.0100% / 8h1h 17m$86.2M$282.1M50x
ShortAster 1000PEPEUSDT0.0000047830.0786get 0.0786% / 8h1h 17m$1.5M$7.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
$143.97
Price spread: +0.094% → +0.097%
−$0.29
Slippage, 4 orders
−$15.64
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
$109.04
Costs to cover
0.346%
Break-even
1.7 days
Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago1.04 bp9.1 bp −$912.2 bp −$12231.5 bp −$3,148doesn't fit
Sell Aster live order book, 1 min ago1.36 bp7.4 bp −$710.4 bp −$104doesn'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%1h0.000004781+0.053%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004778−0.010%$14K—150xas long as short
Lighter 1000PEPE+0.0096%1h0.000004785+0.134%$658K$5.8M10xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004777−0.033%$61.6M$81.8M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004784+0.113%$59K$114K10xas long as short
Bybit 1000PEPEUSDTlong+0.0100%8h0.000004779long leg$86.2M$282.1M50x
Gate PEPE_USDT+0.0100%8h0.000004777−0.033%$149.4M$63.2M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004780+0.023%$24.6M$53.9M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004812+0.697%$543K$4.0M—as long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004816+0.776%$27K$344K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX 1000PEPE-USDT+0.0100%8h0.000004799+0.429%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004792+0.280%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004791+0.251%$540K$3.5M75xas long as short
Bitget PEPEUSDT+0.0123%8h0.000004781+0.040%$42.0M$148.8M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004778−0.002%$7K—15xas long as short
OKX PEPE-USDT-SWAP+0.0209%8h0.000004782+0.071%$41.4M$489.2M50xas long as short
Paradex kPEPE-USD-PERP+0.0295%8h0.000004786+0.157%$5K$1620xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0319% / S −0.0340%1h0.000004000−16.293%$43K—100xas long as short
BloFin PEPE-USDT+0.0324%8h0.000004789+0.218%$3.9M$22.1M75xas long as short
Phemex u1000PEPEUSDT+0.0358%8h0.000004792+0.278%$2.3M$6.4M50xas long as short
01 Exchange kPEPEUSD+0.0408%1h0.000004784+0.113%$548$2K10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0448%1h0.000004793+0.301%$581K$25.4M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0450%8h0.000004780+0.038%$29K$11K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0542%1h0.000004816+0.783%$102K$764K25xas long as short
Backpack kPEPE_USDC_PERP+0.0564%1h0.000004790+0.236%$91K$614K15xas long as short
BingX 1000PEPE-USDT+0.0749%8h0.000004781+0.052%—$256.4M—as long as short
Nado kPEPE-PERP+0.0768%1h0.000004783+0.087%$184K$845K10xas long as short
Extended 1000PEPE-USD+0.0768%1h0.000004781+0.047%$526K$148K25xas long as short
Aevo 1000PEPE-PERP+0.0768%1h0.000004784+0.113%$135K—3xas long as short
Binance 1000PEPEUSDT+0.0770%8h0.000004781+0.059%$129.8M$1.04B75xas long as short
MEXC PEPE_USDT+0.0774%8h0.000004780+0.027%$90.7M$285.4M300xas long as short
Aster 1000PEPEUSDTshort+0.0786%8h0.000004783+0.094%$1.5M$7.1M50x
Deribit 1000PEPE_USDC-PERPETUAL+0.0794%1h0.000004793+0.301%$81K$94K25xas long as short
Injective PEPE/USDC PERP+0.0873%1h0.000004843+1.348%$4K$103K12xas long as short
Kraken Futures PF_PEPEUSD+0.1332%1h0.000004789+0.214%$3.9M$13.3M50xas long as short