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

PEPE

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.004%
Price spread now: Aster against Injective−0.243%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.214%−$21 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. Aster is 0.243% cheaper against Injective than usual: you would sell low and buy high (spread −0.243% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 2.6 days of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.214%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.214% in total (about -11.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PEPE/USDC PERP0.0000048980.0555pay 0.0069% / 1h57m 20s$4K$92K12x
ShortAster 1000PEPEUSDT0.0000048860.0862get 0.0862% / 8h2h 57m$1.5M$6.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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
$64.41
Price spread: −0.243% → 0.000%
−$24.3
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
$32.09
Costs to cover
0.080%
Break-even
3.5 days
Slippage unknown: Injective: no order-book sample; Aster: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Aster live order book, 1 min ago0.61 bp7.3 bp −$711.7 bp −$117doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h0.000004885−0.276%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004884−0.280%$15K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004889−0.184%$56.7M$67.0M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004888−0.204%$58K$108K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004885−0.265%$88.4M$268.6M50xas long as short
OKX PEPE-USDT-SWAP+0.0100%8h0.000004891−0.143%$42.7M$488.4M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004882−0.327%$148.8M$59.6M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004886−0.245%$24.9M$49.7M75xas long as short
Backpack kPEPE_USDC_PERP+0.0100%1h0.000004894−0.090%$97K$593K15xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000004925+0.543%$724K$3.8Mas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004915+0.345%$28K$337K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004897−0.016%$2K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.0000048980.000%$2K$9K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004890−0.165%$563K$3.8M75xas long as short
Bitget PEPEUSDT+0.0182%8h0.000004888−0.212%$45.8M$141.4M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004889−0.191%$7K15xas long as short
BloFin PEPE-USDT+0.0220%8h0.000004909+0.225%$4.0M$21.8M75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0311% / S −0.0261%1h0.000004000−18.334%$48K100xas long as short
Lighter 1000PEPE+0.0320%1h0.000004890−0.163%$594K$4.9M10xas long as short
Orderly PERP_1000PEPE_USDC+0.0343%8h0.000004889−0.188%$30K$10K20xas long as short
Paradex kPEPE-USD-PERP+0.0356%8h0.000004887−0.228%$5K$2620xas long as short
ApeX Omni 1000PEPEUSDT+0.0381%1h0.000004904+0.122%$101K$754K25xas long as short
Phemex u1000PEPEUSDT+0.0441%8h0.000004891−0.151%$2.4M$6.2M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0464%1h0.000004907+0.184%$631K$25.4M50xas long as short
01 Exchange kPEPEUSD+0.0504%1h0.000004894−0.082%$561$2K10xas long as short
Injective PEPE/USDC PERPlong+0.0555%1h0.000004898long leg$4K$92K12x
Kraken Futures PF_PEPEUSD+0.0748%1h0.000004898+0.002%$3.9M$12.5M50xas long as short
BingX 1000PEPE-USDC+0.0767%8h0.000004889−0.176%$2.3Mas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0774%1h0.000004889−0.184%$79K$91K25xas long as short
Nado kPEPE-PERP+0.0783%1h0.000004892−0.117%$193K$857K10xas long as short
MEXC PEPE_USDT+0.0796%8h0.000004891−0.153%$125.4M$279.0M300xas long as short
Binance 1000PEPEUSDT+0.0796%8h0.000004885−0.258%$131.2M$993.5M75xas long as short
Extended 1000PEPE-USD+0.0800%1h0.000004887−0.233%$537K$146K25xas long as short
Aevo 1000PEPE-PERP+0.0800%1h0.000004882−0.327%$138K3xas long as short
Aster 1000PEPEUSDTshort+0.0862%8h0.000004886−0.243%$1.5M$6.9M50x