Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.015%

Price spread now: Aster against Aevo−0.108%49s7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,151as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1,16111.609% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 3 days (all we have)−0.047%−$5 · spread now −0.108%, 7d avg +0.058%

Together, before fees+0.051%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.166% cheaper against Aevo than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.058%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000004765	0.0616	pay 0.0077% / 1h	26m 34s	$135K	—	3x
Short	Aster 1000PEPEUSDT	0.000004760	0.0610	get 0.0610% / 8h	26m 34s	$1.5M	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$1.31
Price spread: −0.108% → +0.058%: −$16.64
Slippage, 4 orders: −$1,136.88
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,178.84
Costs to cover: 11.609%
Break-even: never at this rate

Slippage from Aevo: live order book, 52 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 Aevo live order book, 52 min ago	275.11 bp	560.4 bp −$560	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.26 bp	6.5 bp −$6	9.2 bp −$92	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
Hyperliquid kPEPE	−0.0171%	1h	0.000004748	−0.357%	$66.5M	$93.5M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004753	−0.253%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004752	−0.281%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004760	−0.107%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004756	−0.189%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004754	−0.231%	$85.7M	$290.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004753	−0.252%	$149.3M	$64.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004755	−0.210%	$24.2M	$54.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004756	−0.193%	$42.0M	$150.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004765	−0.001%	$583K	$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	0.000004770	+0.106%	$25K	$348K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004769	+0.084%	$99K	$754K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004772	+0.155%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004762	−0.063%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004763	−0.034%	$540K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0112%	1h	0.000004756	−0.189%	$592K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0182%	8h	0.000004755	−0.213%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0187%	8h	0.000004762	−0.055%	$2.3M	$6.4M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004755	−0.209%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0206%	8h	0.000004758	−0.147%	$41.4M	$494.6M	50x	as long as short
01 Exchange kPEPEUSD	+0.0264%	1h	0.000004758	−0.147%	$545	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004766	+0.021%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0380% / S −0.0341%	1h	0.000004000	−16.055%	$47K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0385%	8h	0.000004764	−0.019%	$30K	$12K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004760	−0.105%	$564K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004767	+0.042%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0593%	1h	0.000004766	+0.021%	$90K	$602K	15x	as long as short
BingX 1000PEPE-USDT	+0.0598%	8h	0.000004753	−0.260%	—	$256.9M	—	as long as short
Aster 1000PEPEUSDTshort	+0.0610%	8h	0.000004760	−0.108%	$1.5M	$7.3M	50x
Binance 1000PEPEUSDT	+0.0610%	8h	0.000004753	−0.247%	$131.0M	$1.06B	75x	as long as short
MEXC PEPE_USDT	+0.0613%	8h	0.000004759	−0.134%	$91.0M	$281.2M	300x	as long as short
Extended 1000PEPE-USD	+0.0616%	1h	0.000004753	−0.246%	$524K	$148K	25x	as long as short
Aevo 1000PEPE-PERPlong	+0.0616%	1h	0.000004765	long leg	$135K	—	3x
Nado kPEPE-PERP	+0.0671%	1h	0.000004754	−0.230%	$182K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0801%	1h	0.000004764	−0.021%	$77K	$98K	25x	as long as short