PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0201%/8h= +22.0% APRnext payment +$2.01 per $10,000 · paid last 24h +0.103%

Price spread now: Aster against Phemex+0.067%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$720.717% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.067%, 7d avg +0.012%

Together, before fees+0.161%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.055% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex u1000PEPEUSDT	0.000005100	0.0459	pay 0.0459% / 8h	6h 06m	$2.4M	$7.0M	50x
Short	Aster 1000PEPEUSDT	0.000005104	0.0660	get 0.0660% / 8h	6h 06m	$1.7M	$8.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.067%Rate

Funding earned: $42.15
Price spread: +0.067% → +0.012%: $5.52
Slippage, 4 orders: −$51.65
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.97
Costs to cover: 0.717%
Break-even: 11.0 days

Slippage from Phemex: 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 Phemex live order book, 3 min ago	11.97 bp	25.8 bp −$26	42.0 bp −$420	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.96 bp	8.1 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit

PEPE on 34 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	0.000005109	+0.177%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0009%	1h	0.000005091	−0.182%	$20K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005110	+0.194%	$63K	$127K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005093	−0.147%	$99.2M	$326.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005098	−0.041%	$163.8M	$72.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005096	−0.080%	$25.5M	$61.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005100	−0.002%	$47.5M	$166.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005085	−0.304%	$648K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005074	−0.505%	$27K	$421K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005103	+0.065%	$2K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005105	+0.094%	$576K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005108	+0.149%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0265%	8h	0.000005089	−0.218%	$46.0M	$578.6M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0291%	8h	0.000005103	+0.059%	$33K	$24K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005110	+0.194%	$921K	$30.7M	50x	as long as short
Phemex u1000PEPEUSDTlong	+0.0459%	8h	0.000005100	long leg	$2.4M	$7.0M	50x
BingX 1000PEPE-USDT	+0.0520%	8h	0.000005098	−0.045%	—	$259.5M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0529% / S −0.0560%	1h	0.000005000	−1.963%	$57K	—	100x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0536%	1h	0.000005096	−0.080%	$62K	$114K	25x	as long as short
MEXC PEPE_USDT	+0.0551%	8h	0.000005099	−0.020%	$97.0M	$292.4M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0552%	1h	0.000005099	−0.022%	$144K	—	3x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0554%	1h	0.000005067	−0.649%	$105K	$749K	25x	as long as short
Binance 1000PEPEUSDT	+0.0557%	8h	0.000005100	−0.008%	$144.4M	$1.18B	75x	as long as short
Extended 1000PEPE-USD	+0.0560%	1h	0.000005098	−0.045%	$562K	$199K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0614%	1h	0.000005100	−0.002%	$2K	$12K	10x	as long as short
Nado kPEPE-PERP	+0.0645%	1h	0.000005107	+0.135%	$193K	$882K	10x	as long as short
Aster 1000PEPEUSDTshort	+0.0660%	8h	0.000005104	+0.067%	$1.7M	$8.3M	50x
Paradex kPEPE-USD-PERP	+0.0660%	8h	0.000005101	+0.016%	$6K	—	20x	as long as short
Kraken Futures PF_PEPEUSD	+0.0817%	1h	0.000005097	−0.058%	$4.1M	$14.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005124	+0.469%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0957%	1h	0.000005120	+0.394%	$99K	$610K	15x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005118	+0.351%	$617	$3K	10x	as long as short
Lighter 1000PEPE	+0.1808%	1h	0.000005109	+0.175%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2053%	1h	0.000005115	+0.292%	$56.5M	$136.1M	10x	as long as short