Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.042%

Price spread now: Aster against Extended−0.203%7-day average +0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.454%+$45 · spread now −0.203%, 7d avg +0.093%

Together, before fees+0.572%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.296% cheaper against Extended than usual: you would sell low and buy high (spread −0.203% now, against its 7-day average of +0.093%). If the spread goes back, that is −$30 on $10k: about 11 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000PEPE-USD	0.000005074	0.0592	pay 0.0074% / 1h	43m 22s	$536K	$219K	25x
Short	Aster 1000PEPEUSDT	0.000005064	0.0683	get 0.0683% / 8h	5h 43m	$1.8M	$8.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.203%Rate

Funding earned: $19.19
Price spread: −0.203% → +0.093%: −$29.56
Slippage, 4 orders: −$17.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.52
Costs to cover: 0.301%
Break-even: 21.8 days

Slippage from Extended: live order book, 19 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 19 min ago	2.95 bp	7.4 bp −$7	42.1 bp −$421	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.49 bp	5.7 bp −$6	10.1 bp −$101	doesn't fit	doesn't fit

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	0.000005060	−0.280%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005068	−0.128%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005062	−0.241%	$64K	$135K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005073	−0.028%	$99.0M	$333.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005063	−0.221%	$165.8M	$73.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005063	−0.229%	$25.6M	$62.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005075	+0.006%	$46.6M	$170.9M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005020	−1.076%	$706K	$4.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005025	−0.962%	$27K	$425K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005081	+0.142%	$1K	$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	0.000005028	−0.916%	$574K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005066	−0.154%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0299%	8h	0.000005075	+0.016%	$45.9M	$585.8M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0312%	8h	0.000005076	+0.039%	$33K	$24K	20x	as long as short
BloFin PEPE-USDT	+0.0416%	8h	0.000005035	−0.773%	—	$25.0M	75x	as long as short
BingX 1000PEPE-USDT	+0.0553%	8h	0.000005073	−0.032%	—	$260.7M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0565% / S −0.0867%	1h	0.000005000	−1.462%	$50K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005050	−0.477%	$862K	$31.0M	50x	as long as short
MEXC PEPE_USDT	+0.0591%	8h	0.000005072	−0.040%	$96.8M	$287.4M	300x	as long as short
Extended 1000PEPE-USDlong	+0.0592%	1h	0.000005074	long leg	$536K	$219K	25x
Aevo 1000PEPE-PERP	+0.0592%	1h	0.000005077	+0.055%	$144K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0595%	8h	0.000005075	+0.009%	$143.0M	$1.19B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0637%	1h	0.000005076	+0.035%	$2K	$12K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0655%	8h	0.000005043	−0.621%	$2.4M	$7.0M	50x	as long as short
Aster 1000PEPEUSDTshort	+0.0683%	8h	0.000005064	−0.203%	$1.8M	$8.9M	50x
Paradex kPEPE-USD-PERP	+0.0742%	8h	0.000005065	−0.173%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0769%	1h	0.000005035	−0.773%	$98K	$752K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0916%	1h	0.000005042	−0.639%	$99K	$617K	15x	as long as short
Nado kPEPE-PERP	+0.0922%	1h	0.000005064	−0.210%	$184K	$866K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0934%	1h	0.000005074	−0.004%	$62K	$114K	25x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+0.607%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0984%	1h	0.000005068	−0.122%	$611	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1371%	1h	0.000005076	+0.027%	$4.2M	$15.0M	50x	as long as short
Lighter 1000PEPE	+0.1600%	1h	0.000005071	−0.063%	$727K	$8.0M	10x	as long as short
Hyperliquid kPEPE	+0.1817%	1h	0.000005073	−0.024%	$55.7M	$137.4M	10x	as long as short