Funding you earn now, next payment 08:00 UTC−0.0427%/8h= −46.7% APRnext payment −$4.27 per $10,000 · paid last 24h −0.105%
Price spread now: Bitget against Aster−0.312%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 7 days+0.179%+$18 · spread now −0.312%, 7d avg −0.042%
=Together, before fees−0.052%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bitget is 0.270% cheaper against Aster than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.231% in total (about -12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.27 per $10,000. 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 | Aster 1000PEPEUSDT | 0.000005047 | 0.0527 | pay 0.0527% / 8h | 7h 10m | $1.5M | $7.5M | 50x |
| Short | Bitget PEPEUSDT | 0.000005031 | 0.0100 | get 0.0100% / 8h | 7h 10m | $44.7M | $154.8M | 75x |
Aster 1000PEPEUSDT
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Aster. 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
- −$89.63
- Price spread: −0.312% → −0.042%
- −$27.01
- Slippage, 4 orders
- −$15.87
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$152.5
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from Aster: live order book, 4 min ago; Bitget: live order book, 4 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 Aster live order book, 4 min ago | 2.08 bp | 6.1 bp −$6 | 8.8 bp −$88 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.18 bp | 9.7 bp −$10 | 11.1 bp −$111 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0116% | 1h | 0.000005032 | −0.293% | $3.9M | $14.3M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005050 | +0.062% | $19K | $95 | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000005029 | −0.358% | $61K | $114K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005040 | −0.142% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005053 | +0.117% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005033 | −0.271% | $94.9M | $309.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005048 | +0.018% | $162.0M | $68.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005050 | +0.050% | $25.7M | $57.4M | 75x | as long as short |
| Bitget PEPEUSDTshort | +0.0100% | 8h | 0.000005031 | −0.312% | $44.7M | $154.8M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005026 | −0.424% | $588K | $4.4M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005071 | +0.476% | $53K | $381K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005037 | −0.198% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005032 | −0.299% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005047 | +0.005% | $565K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005039 | −0.156% | $2.4M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005047 | +0.005% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0195% | 8h | 0.000005034 | −0.259% | $44.8M | $543.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0209% | 1h | 0.000005072 | +0.494% | $105K | $750K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0272% | 8h | 0.000005049 | +0.032% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0273% | 8h | 0.000005027 | −0.398% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0315% | 8h | 0.000005031 | −0.318% | $4.1M | $24.2M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005033 | −0.279% | $601K | $28.0M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0459% | 8h | 0.000005047 | −0.009% | — | $257.6M | — | as long as short |
| Extended 1000PEPE-USD | +0.0472% | 1h | 0.000005031 | −0.323% | $554K | $199K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0476% | 8h | 0.000005039 | −0.152% | $139.7M | $1.12B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0476% | 8h | 0.000005051 | +0.072% | $100.0M | $290.9M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005025 | −0.437% | $142K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0493% / S −0.0454% | 1h | 0.000005000 | −0.933% | $59K | — | 100x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0527% | 8h | 0.000005047 | long leg | $1.5M | $7.5M | 50x | |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000005038 | −0.180% | $661K | $6.9M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0552% | 1h | 0.000005052 | +0.104% | $189K | $861K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0612% | 1h | 0.000005034 | −0.269% | $95K | $601K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0616% | 1h | 0.000005063 | +0.316% | $1K | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005043 | −0.081% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPE | +0.2024% | 1h | 0.000005073 | +0.514% | $56.5M | $132.2M | 10x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Lighter 1000PEPE
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Hyperliquid kPEPE