Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.163%

Price spread now: KuCoin against Aster+0.042%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.241%−$24 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.042%, 7d avg −0.055%

Together, before fees−0.326%+ Points / potential airdropAster: Stage 5 · farm board−$33 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: KuCoin is 0.097% dearer against Aster than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000PEPEUSDT	0.000004951	0.0100	pay 0.0100% / 8h	4h 45m	$1.7M	$12.6M	50x
Short	KuCoin PEPEUSDTM	0.000004953	0.0100	get 0.0100% / 8h	4h 45m	$24.5M	$76.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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 AsterbpFee KuCoinbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.055%: $9.7
Slippage, 4 orders: −$26.72
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$37.02
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; KuCoin: 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 Aster live order book, 1 min ago	1.52 bp	9.1 bp −$9	17.4 bp −$174	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.61 bp	15.7 bp −$16	25.4 bp −$254	doesn't fit	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	−0.0232%	1h	0.000004942	−0.172%	$4.6M	$16.2M	50x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004941	−0.194%	$3K	—	150x	as long as short
01 Exchange kPEPEUSD	+0.0064%	1h	0.000004951	+0.010%	$597	$2K	10x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004953	+0.050%	$602K	$9.0M	10x	as long as short
Aevo 1000PEPE-PERP	+0.0096%	1h	0.000004945	−0.111%	$140K	—	3x	as long as short
Nado kPEPE-PERP	+0.0100%	1h	0.000004950	−0.013%	$139K	$953K	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004953	+0.050%	$50.4M	$155.6M	10x	as long as short
Aster 1000PEPEUSDTlong	+0.0100%	8h	0.000004951	long leg	$1.7M	$12.6M	50x
Pacifica kPEPE	+0.0100%	1h	0.000004949	−0.031%	$59K	$198K	10x	as long as short
Binance 1000PEPEUSDT	+0.0100%	8h	0.000004951	+0.015%	$127.4M	$1.53B	75x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004951	+0.016%	$92.6M	$446.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0100%	8h	0.000004953	+0.050%	$44.5M	$723.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004948	−0.051%	$149.8M	$103.3M	75x	as long as short
MEXC PEPE_USDT	+0.0100%	8h	0.000004944	−0.138%	$99.4M	$291.1M	300x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000004953	+0.042%	$24.5M	$76.3M	75x
Bitget PEPEUSDT	+0.0100%	8h	0.000004947	−0.075%	$43.7M	$235.2M	75x	as long as short
Backpack kPEPE_USDC_PERP	+0.0100%	1h	0.000004948	−0.059%	$75K	$996K	15x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004940	−0.207%	$643K	$5.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004930	−0.409%	$26K	$575K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004933	−0.354%	$109K	$870K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004952	+0.034%	$2K	$2.5M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004944	−0.132%	$2K	$11K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004946	−0.095%	$580K	$4.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004949	−0.039%	$2.3M	$8.1M	50x	as long as short
BingX 1000PEPE-USDT	+0.0102%	8h	0.000004945	−0.103%	—	$180.7M	—	as long as short
Extended 1000PEPE-USD	+0.0104%	1h	0.000004948	−0.044%	$517K	$288K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0105%	8h	0.000004945	−0.105%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0155%	1h	0.000004942	−0.172%	$61K	$119K	25x	as long as short
Injective PEPE/USDC PERP	+0.0176%	1h	0.000004904	−0.939%	$3K	$123K	12x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004949	−0.040%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0220%	8h	0.000004954	+0.070%	$4.3M	$28.5M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0255%	8h	0.000004944	−0.123%	$31K	$30K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0320%	1h	0.000004953	+0.050%	$706K	$38.9M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0749% / S −0.0835%	1h	0.000004000	−19.200%	$50K	—	100x	as long as short
dYdX PEPE-USD	+0.5092%	1h	0.000004950	−0.016%	$25K	$18K	10x	as long as short