Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h −0.019%

Price spread now: Aster against 01 Exchange−0.085%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no 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 0.085% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 18 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000004767	0.0256	pay 0.0032% / 1h	34m 03s	$546	$2K	10x
Short	Aster 1000PEPEUSDT	0.000004763	0.0637	get 0.0637% / 8h	34m 03s	$1.5M	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now −0.085%Rate

Funding earned: $80.03
Price spread: −0.085% → 0.000%: −$8.47
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $56.56
Costs to cover: 0.150%
Break-even: 2.1 days

Slippage unknown: 01 Exchange: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	2.92 bp	8.0 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid kPEPE	−0.0128%	1h	0.000004761	−0.126%	$65.4M	$92.3M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004762	−0.107%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004760	−0.143%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004764	−0.065%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004765	−0.042%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004768	+0.021%	$85.8M	$289.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004765	−0.042%	$149.5M	$64.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004764	−0.067%	$24.3M	$54.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004769	+0.042%	$42.1M	$150.1M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004776	+0.188%	$585K	$4.1M	—	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	0.000004782	+0.313%	$26K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004782	+0.315%	$99K	$760K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004772	+0.099%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004764	−0.063%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004766	−0.027%	$540K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0144%	1h	0.000004769	+0.042%	$603K	$6.3M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0188%	8h	0.000004765	−0.045%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004763	−0.076%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0194%	8h	0.000004762	−0.105%	$2.3M	$6.4M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0204%	8h	0.000004772	+0.105%	$41.4M	$495.9M	50x	as long as short
01 Exchange kPEPEUSDlong	+0.0256%	1h	0.000004767	long leg	$546	$2K	10x
BloFin PEPE-USDT	+0.0328%	8h	0.000004763	−0.084%	$3.9M	$22.2M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0375% / S −0.0335%	1h	0.000004000	−16.090%	$47K	—	100x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0380%	1h	0.000004764	−0.063%	$77K	$98K	25x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0398%	8h	0.000004766	−0.029%	$30K	$12K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004765	−0.042%	$573K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004775	+0.168%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0447%	1h	0.000004767	−0.004%	$90K	$601K	15x	as long as short
Extended 1000PEPE-USD	+0.0632%	1h	0.000004769	+0.041%	$524K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0632%	1h	0.000004768	+0.021%	$135K	—	3x	as long as short
MEXC PEPE_USDT	+0.0634%	8h	0.000004761	−0.122%	$91.5M	$280.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0634%	8h	0.000004770	+0.061%	$130.6M	$1.06B	75x	as long as short
BingX 1000PEPE-USDC	+0.0637%	8h	0.000004763	−0.078%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDTshort	+0.0637%	8h	0.000004763	−0.085%	$1.5M	$7.3M	50x
Nado kPEPE-PERP	+0.0734%	1h	0.000004763	−0.084%	$182K	$849K	10x	as long as short