Funding you earn now, next payment 08:00 UTC−0.0813%/8h= −89.1% APRnext payment −$8.13 per $10,000 · paid last 24h −0.111%
Price spread now: Gate against Aster−0.006%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now −0.006%, 7d avg −0.070%
=Together, before fees−0.317%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.064% dearer against Aster than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.070%): +$6 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.227% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.227% in total (about -11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.13 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 | 0.000005256 | 0.0913 | pay 0.0913% / 8h | 3h 54m | $1.9M | $9.8M | 50x |
| Short | Gate PEPE_USDT | 0.000005256 | 0.0100 | get 0.0100% / 8h | 3h 54m | $172.2M | $84.6M | 75x |
Aster 1000PEPEUSDT
Gate PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$170.8
- Price spread: −0.006% → −0.070%
- $6.42
- Slippage, 4 orders
- −$24.83
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$212.21
- Costs to cover
- 0.478%
- Break-even
- never at this rate
Slippage from Aster: live order book, 5 min ago; Gate: 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, 5 min ago | 4.20 bp | 10.7 bp −$11 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.86 bp | 15.7 bp −$16 | 23.8 bp −$238 | 89.4 bp −$8,941 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005267 | +0.204% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005250 | −0.115% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005258 | +0.032% | $3K | $110K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005273 | +0.317% | $70K | $152K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005255 | −0.016% | $102.8M | $366.9M | 50x | as long as short |
| Gate PEPE_USDTshort | +0.0100% | 8h | 0.000005256 | −0.006% | $172.2M | $84.6M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005252 | −0.075% | $26.7M | $67.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005279 | +0.423% | $747K | $5.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005261 | +0.084% | $38K | $491K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005259 | +0.043% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005263 | +0.117% | $608K | $3.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005254 | −0.051% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0244% | 8h | 0.000005260 | +0.074% | $48.5M | $183.5M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0374% | 8h | 0.000005256 | +0.001% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0405% | 8h | 0.000005261 | +0.089% | $51.3M | $660.2M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0512% | 1h | 0.000005252 | −0.082% | $74K | $126K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0531% | 8h | 0.000005279 | +0.431% | $4.5M | $27.7M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0613% | 8h | 0.000005258 | +0.026% | $2.6M | $7.4M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0675% | 1h | 0.000005254 | −0.044% | $2K | $10K | 10x | as long as short |
| Lighter 1000PEPE | +0.0688% | 1h | 0.000005263 | +0.127% | $638K | $8.4M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005256 | −0.006% | $761K | $35.5M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0742% | 8h | 0.000005261 | +0.091% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0791% | 8h | 0.000005260 | +0.064% | $102.4M | $291.4M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005254 | −0.042% | $557K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005292 | +0.679% | $150K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0793% | 8h | 0.000005276 | +0.375% | $153.8M | $1.29B | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0801% | 8h | 0.000005269 | +0.236% | $6K | — | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0868% / S −0.1714% | 1h | 0.000005000 | −4.877% | $64K | — | 100x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0913% | 8h | 0.000005256 | long leg | $1.9M | $9.8M | 50x | |
| Nado kPEPE-PERP | +0.0942% | 1h | 0.000005255 | −0.028% | $186K | $912K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1352% | 1h | 0.000005272 | +0.298% | $636 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1383% | 1h | 0.000005253 | −0.063% | $173K | $798K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1384% | 1h | 0.000005258 | +0.036% | $74K | $720K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1554% | 1h | 0.000005253 | −0.068% | $4.8M | $16.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1638% | 1h | 0.000005267 | +0.203% | $57.4M | $143.6M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
SoDEX 1000PEPE-USD
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE