Funding you earn now, next payment 11:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h −0.061%
Price spread now: Coinbase International against Aster+0.125%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$380.385% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.125%, 7d avg −0.057%
=Together, before fees−0.329%+ Points / potential airdropAster: Stage 5 · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.182% dearer against Aster than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.057%. Mind the row above: over the last 7 days funding on this pair cost −0.177%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster 1000PEPEUSDT | 0.000004949 | 0.0103 | pay 0.0103% / 8h | 4h 47m | $1.7M | $12.6M | 50x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000004955 | 0.0320 | get 0.0040% / 1h | 47m 30s | $711K | $38.9M | 50x |
Aster 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $45.53
- Price spread: +0.125% → −0.057%
- $18.2
- Slippage, 4 orders
- −$20.48
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $25.26
- Costs to cover
- 0.385%
- Break-even
- 3.1 days
Slippage from Aster: live order book, 4 min ago; Coinbase International: live order book, 5 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 | 1.93 bp | 9.2 bp −$9 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 2.03 bp | 10.7 bp −$11 | 14.2 bp −$142 | 58.0 bp −$5,796 | doesn't fit |
PEPE on 35 exchanges
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 | −0.0233% | 1h | 0.000004936 | −0.256% | $4.6M | $16.1M | 50x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004940 | −0.184% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0064% | 1h | 0.000004945 | −0.077% | $596 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004947 | −0.036% | $602K | $9.0M | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0096% | 1h | 0.000004943 | −0.117% | $140K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000004944 | −0.092% | $139K | $953K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004939 | −0.198% | $50.2M | $155.4M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004941 | −0.158% | $58K | $198K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0100% | 8h | 0.000004948 | −0.010% | $127.5M | $1.53B | 75x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004945 | −0.069% | $92.5M | $446.5M | 50x | as long as short |
Kraken Futures PF_PEPEUSD
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Hyperliquid kPEPE
Pacifica kPEPE
Binance 1000PEPEUSDT
Bybit 1000PEPEUSDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004952 | +0.065% | $44.3M | $723.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004944 | −0.097% | $149.8M | $103.3M | 75x | as long as short |
| MEXC PEPE_USDT | +0.0100% | 8h | 0.000004948 | −0.010% | $99.4M | $291.0M | 300x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004939 | −0.190% | $24.4M | $76.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004947 | −0.028% | $43.7M | $235.2M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004938 | −0.224% | $75K | $996K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004914 | −0.699% | $637K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004930 | −0.374% | $26K | $575K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004933 | −0.319% | $109K | $870K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004951 | +0.036% | $2K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004939 | −0.198% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004949 | +0.010% | $582K | $4.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004941 | −0.158% | $2.3M | $8.1M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0102% | 8h | 0.000004943 | −0.113% | — | $180.6M | — | as long as short |
| Aster 1000PEPEUSDTlong | +0.0103% | 8h | 0.000004949 | long leg | $1.7M | $12.6M | 50x | |
| Extended 1000PEPE-USD | +0.0104% | 1h | 0.000004946 | −0.054% | $517K | $288K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0105% | 8h | 0.000004946 | −0.059% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0155% | 1h | 0.000004941 | −0.158% | $61K | $119K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0176% | 1h | 0.000004904 | −0.905% | $3K | $123K | 12x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004942 | −0.129% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004926 | −0.461% | $4.2M | $28.4M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0259% | 8h | 0.000004941 | −0.154% | $31K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0320% | 1h | 0.000004955 | +0.125% | $711K | $38.9M | 50x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0749% / S −0.0835% | 1h | 0.000004000 | −19.172% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.5400% | 1h | 0.000004935 | −0.274% | $25K | $18K | 10x | as long as short |
OKX PEPE-USDT-SWAP
Gate PEPE_USDT
MEXC PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Injective PEPE/USDC PERP
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD