PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0634%/8h= +69.5% APRnext payment +$6.34 per $10,000 · paid last 24h +0.079%

Price spread now: Aster against Gate+0.154%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.154%, 7d avg +0.071%

Together, before fees+0.134%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Aster is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.071%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PEPE_USDT	0.000004782	0.0100	pay 0.0100% / 8h	1h 01m	$150.3M	$63.8M	75x
Short	Aster 1000PEPEUSDT	0.000004789	0.0734	get 0.0734% / 8h	1h 01m	$1.5M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.154%Rate

Funding earned: $133.2
Price spread: +0.154% → +0.071%: $8.24
Slippage, 4 orders: −$17.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: $100.49
Costs to cover: 0.410%
Break-even: 1.7 days

Slippage from Gate: live order book, 3 min ago; Aster: live order book, 2 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 Gate live order book, 3 min ago	1.04 bp	12.6 bp −$13	18.4 bp −$184	65.9 bp −$6,588	doesn't fit
Sell Aster live order book, 2 min ago	2.08 bp	7.4 bp −$7	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	0.000004784	+0.035%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004783	+0.025%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004793	+0.230%	$668K	$6.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004779	−0.063%	$63.8M	$85.2M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004787	+0.105%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004787	+0.105%	$86.6M	$285.5M	50x	as long as short
Gate PEPE_USDTlong	+0.0100%	8h	0.000004782	long leg	$150.3M	$63.8M	75x
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004782	+0.002%	$24.7M	$54.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004789	+0.157%	$42.2M	$149.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004787	+0.102%	$542K	$4.0M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004802	+0.413%	$27K	$346K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004801	+0.393%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004793	+0.230%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004801	+0.399%	$543K	$3.5M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0168%	1h	0.000004792	+0.209%	$81K	$94K	25x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004785	+0.063%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0220%	8h	0.000004788	+0.125%	$41.2M	$492.8M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0244%	8h	0.000004787	+0.095%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0312%	8h	0.000004792	+0.209%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDT	+0.0339%	8h	0.000004803	+0.439%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0340% / S −0.0370%	1h	0.000004000	−16.353%	$42K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.0392%	1h	0.000004786	+0.084%	$548	$2K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0420%	1h	0.000004802	+0.418%	$102K	$762K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004796	+0.293%	$570K	$25.6M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0448%	8h	0.000004786	+0.073%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0614%	1h	0.000004791	+0.190%	$92K	$616K	15x	as long as short
BingX 1000PEPE-USDC	+0.0719%	8h	0.000004787	+0.109%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0726%	8h	0.000004790	+0.167%	$130.5M	$1.05B	75x	as long as short
Extended 1000PEPE-USD	+0.0728%	1h	0.000004784	+0.048%	$526K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0728%	1h	0.000004788	+0.125%	$135K	—	3x	as long as short
MEXC PEPE_USDT	+0.0729%	8h	0.000004791	+0.192%	$92.7M	$286.6M	300x	as long as short
Aster 1000PEPEUSDTshort	+0.0734%	8h	0.000004789	+0.154%	$1.5M	$7.2M	50x
Nado kPEPE-PERP	+0.0740%	1h	0.000004787	+0.114%	$183K	$846K	10x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004805	+0.481%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1331%	1h	0.000004793	+0.226%	$3.9M	$13.4M	50x	as long as short