Funding you earn now, next payment 08:00 UTC−0.0309%/8h= −33.9% APRnext payment −$3.09 per $10,000 · paid last 24h −0.093%
Price spread now: Orderly against Aster−0.170%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Orderly is 0.170% cheaper against Aster than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Aster 1000PEPEUSDT | 0.000005169 | 0.0722 | pay 0.0722% / 8h | 20m 34s | $1.7M | $11.9M | 50x |
| Short | Orderly PERP_1000PEPE_USDC | 0.000005160 | 0.0413 | get 0.0413% / 8h | 20m 34s | $34K | $26K | 20x |
Aster 1000PEPEUSDT
Orderly PERP_1000PEPE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$64.94
- Price spread: −0.170% → 0.000%
- −$16.99
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$95.93
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.
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, 3 min ago | 1.16 bp | 13.3 bp −$13 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000005158 | −0.213% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005160 | −0.176% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005162 | −0.135% | $60K | $183K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005170 | +0.012% | $99.6M | $429.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005165 | −0.077% | $163.8M | $99.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005163 | −0.123% | $615K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005175 | +0.114% | $28K | $547K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005165 | −0.071% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005169 | 0.000% | $602K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0122% | 8h | 0.000005161 | −0.156% | $26.9M | $74.0M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0127% | 1h | 0.000005161 | −0.154% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005168 | −0.021% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0257% | 8h | 0.000005167 | −0.046% | $46.4M | $220.0M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0312% | 1h | 0.000005181 | +0.233% | $151K | $834K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0332% | 1h | 0.000005161 | −0.154% | $74K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0364% | 8h | 0.000005170 | +0.020% | $47.9M | $749.6M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005148 | −0.406% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDCshort | +0.0413% | 8h | 0.000005160 | −0.170% | $34K | $26K | 20x | |
| Paradex kPEPE-USD-PERP | +0.0460% | 8h | 0.000005168 | −0.022% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0472% | 8h | 0.000005161 | −0.154% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0484% | 8h | 0.000005164 | −0.096% | $4.5M | $30.4M | 75x | as long as short |
| Lighter 1000PEPE | +0.0504% | 1h | 0.000005164 | −0.096% | $620K | $9.1M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0519% | 1h | 0.000005163 | −0.116% | $79K | $889K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005170 | +0.020% | $688K | $39.9M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0693% | 1h | 0.000005172 | +0.059% | $166K | $958K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0698% | 8h | 0.000005169 | +0.004% | — | $2.3M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0704% | 1h | 0.000005174 | +0.097% | $624 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0712% | 1h | 0.000005156 | −0.246% | $4.8M | $16.7M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0720% | 1h | 0.000005168 | −0.027% | $542K | $284K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0720% | 1h | 0.000005167 | −0.038% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0722% | 8h | 0.000005169 | +0.006% | $142.4M | $1.50B | 75x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0722% | 8h | 0.000005169 | long leg | $1.7M | $11.9M | 50x | |
| MEXC PEPE_USDT | +0.0723% | 8h | 0.000005169 | 0.000% | $101.8M | $308.0M | 300x | as long as short |
| Hyperliquid kPEPE | +0.0951% | 1h | 0.000005168 | −0.019% | $53.9M | $159.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1502% | 1h | 0.000005000 | −3.269% | $47K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
BingX 1000PEPE-USDC
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]