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

PEPE

all PEPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0754%/8h= +82.5% APRnext payment +$7.54 per $10,000 · paid last 24h +0.072%
Price spread now: Aster against KuCoin−0.001%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$440.439% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.151%+$15 on $10k
Price spread, last 7 days+0.086%+$9 · spread now −0.001%, 7d avg +0.063%
Together, before fees+0.237%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.065% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.063%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.151% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.151% in total (about 7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.54 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
LongKuCoin PEPEUSDTM0.0000048340.0100pay 0.0100% / 8h1h 34m$24.8M$53.9M75x
ShortAster 1000PEPEUSDT0.0000048340.0854get 0.0854% / 8h1h 34m$1.5M$7.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
$158.28
Price spread: −0.001% → +0.063%
−$6.47
Slippage, 4 orders
−$23.89
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
$107.93
Costs to cover
0.439%
Break-even
2.2 days
Slippage from KuCoin: live order book, 5 min ago; Aster: live order book, 4 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 KuCoin live order book, 5 min ago1.64 bp15.2 bp −$1524.3 bp −$243doesn't fitdoesn't fit
Sell Aster live order book, 4 min ago1.44 bp7.5 bp −$710.8 bp −$108doesn'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%1h0.000004833−0.015%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004841+0.134%$14K150xas long as short
Lighter 1000PEPE+0.0096%1h0.000004841+0.141%$587K$5.5M10xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004815−0.397%$61.8M$78.5M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004836+0.037%$60K$113K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004817−0.350%$87.1M$280.0M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004834−0.004%$151.4M$62.6M75xas long as short
KuCoin PEPEUSDTMlong+0.0100%8h0.000004834long leg$24.8M$53.9M75x
Variational Omni 1000PEPE+0.0100%8h0.000004851+0.346%$581K$4.0Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004858+0.488%$27K$343K20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX 1000PEPE-USDT+0.0100%8h0.000004852+0.360%$1K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004843+0.182%$3K$9K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004847+0.254%$548K$3.5M75xas long as short
Bitget PEPEUSDT+0.0153%8h0.000004818−0.337%$42.4M$151.6M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004819−0.307%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0204%8h0.000004820−0.294%$41.8M$491.2M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0213% / S −0.0093%1h0.000004000−17.256%$54K100xas long as short
BloFin PEPE-USDT+0.0323%8h0.000004842+0.161%$3.9M$22.2M75xas long as short
Paradex kPEPE-USD-PERP+0.0373%8h0.000004836+0.044%$5K$1620xas long as short
Phemex u1000PEPEUSDT+0.0406%8h0.000004842+0.165%$2.3M$6.4M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0444%8h0.000004844+0.213%$30K$11K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0448%1h0.000004844+0.203%$615K$25.7M50xas long as short
01 Exchange kPEPEUSD+0.0456%1h0.000004820−0.294%$552$2K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0577%1h0.000004843+0.182%$82K$94K25xas long as short
Backpack kPEPE_USDC_PERP+0.0608%1h0.000004842+0.170%$91K$614K15xas long as short
Nado kPEPE-PERP+0.0729%1h0.000004821−0.263%$185K$854K10xas long as short
BingX 1000PEPE-USDT+0.0802%8h0.000004836+0.027%$256.1Mas long as short
Binance 1000PEPEUSDT+0.0827%8h0.000004822−0.252%$130.5M$1.03B75xas long as short
MEXC PEPE_USDT+0.0831%8h0.000004822−0.263%$91.7M$283.7M300xas long as short
Extended 1000PEPE-USD+0.0832%1h0.000004826−0.169%$532K$148K25xas long as short
Aevo 1000PEPE-PERP+0.0832%1h0.000004847+0.265%$137K3xas long as short
ApeX Omni 1000PEPEUSDT+0.0841%1h0.000004868+0.699%$104K$764K25xas long as short
Aster 1000PEPEUSDTshort+0.0854%8h0.000004834−0.001%$1.5M$7.0M50x
Injective PEPE/USDC PERP+0.0873%1h0.000004852+0.368%$4K$103K12xas long as short
Kraken Futures PF_PEPEUSD+0.1317%1h0.000004843+0.176%$4.0M$13.3M50xas long as short