Funding you earn now, next payment 05:00 UTC−0.0673%/8h= −73.7% APRpaid last 24h −0.078%
Price spread now: Aster against Kraken Futures−0.216%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.216%, 7d avg +0.060%
=Together, before fees+0.140%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Aster is 0.277% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PEPEUSD | 0.000005161 | 0.1582 | pay 0.0198% / 1h | 8m 28s | $4.7M | $16.4M | 50x |
| Short | Aster 1000PEPEUSDT | 0.000005150 | 0.0909 | get 0.0909% / 8h | 3h 08m | $1.8M | $10.5M | 50x |
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$141.36
- Price spread: −0.216% → +0.060%
- −$27.66
- Slippage, 4 orders
- −$27.39
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$214.41
- Costs to cover
- 0.454%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 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 Kraken Futures live order book, 6 min ago | 5.29 bp | 17.3 bp −$17 | 24.8 bp −$248 | 73.6 bp −$7,362 | doesn't fit |
| Sell Aster live order book, 5 min ago | 2.20 bp | 8.7 bp −$9 | 14.9 bp −$149 | 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 | 0.000005146 | −0.289% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005166 | +0.105% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +3.217% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005151 | −0.194% | $65K | $164K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005136 | −0.484% | $104.1M | $387.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005145 | −0.310% | $169.9M | $89.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005151 | −0.201% | $25.8M | $68.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005209 | +0.921% | $661K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005220 | +1.148% | $29K | $534K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005183 | +0.428% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005178 | +0.332% | $583K | $4.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005149 | −0.241% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0334% | 8h | 0.000005148 | −0.248% | $49.5M | $192.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0403% | 8h | 0.000005177 | +0.306% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005144 | −0.329% | $49.1M | $671.8M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0475% | 1h | 0.000005170 | +0.175% | $2K | $10K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0524% | 1h | 0.000005171 | +0.194% | $74K | $126K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0525% | 8h | 0.000005141 | −0.382% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0550% | 8h | 0.000005168 | +0.136% | $4.8M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0680% | 8h | 0.000005167 | +0.115% | $2.4M | $7.7M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005173 | +0.233% | $714K | $36.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0778% | 8h | 0.000005144 | −0.321% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0819% | 1h | 0.000005224 | +1.221% | $161K | $809K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0824% | 1h | 0.000005140 | −0.407% | $544K | $242K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000005180 | +0.368% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0825% | 8h | 0.000005148 | −0.258% | $96.1M | $297.5M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0826% | 8h | 0.000005142 | −0.366% | $148.0M | $1.35B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0890% | 1h | 0.000005143 | −0.343% | $177K | $924K | 10x | as long as short |
| Aster 1000PEPEUSDTshort | +0.0909% | 8h | 0.000005150 | −0.216% | $1.8M | $10.5M | 50x | |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005142 | −0.368% | $620 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1003% / S −0.2028% | 1h | 0.000005000 | −3.119% | $64K | — | 100x | as long as short |
| Lighter 1000PEPE | +0.1096% | 1h | 0.000005155 | −0.116% | $638K | $8.9M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1136% | 1h | 0.000005163 | +0.037% | $67K | $724K | 15x | as long as short |
| Hyperliquid kPEPE | +0.1469% | 1h | 0.000005150 | −0.213% | $55.9M | $146.4M | 10x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.1582% | 1h | 0.000005161 | long leg | $4.7M | $16.4M | 50x |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
ApeX Omni 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE