Settings8H · net · $10k
Funding arb · Price arb /

PEPE

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0727%/8h= −79.6% APRpaid last 24h −0.080%
Price spread now: Reya against Aster+0.244%46s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories
The price spread pays, funding is against you. Reya is 0.244% dearer against Aster than usual: you sell high and buy low (spread +0.244% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 27 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 1000PEPEUSDT0.0000052430.0916pay 0.0916% / 8h3h 19m$1.8M$10.4M50x
ShortReya kPEPERUSDPERP0.0000052560.0189get 0.0024% / 1h19m 45s$8K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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

Funding earned
−$152.69
Price spread: +0.244% → 0.000%
$24.35
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
−$142.34
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Aster: live order book, 4 min ago; Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 4 min ago1.34 bp8.5 bp −$810.8 bp −$108doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000005234−0.176%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000005258+0.273%$14K150xas long as short
Injective PEPE/USDC PERP+0.0092%1h0.000005327+1.596%$3K$111K12xas long as short
Pacifica kPEPE+0.0100%1h0.000005239−0.082%$66K$163K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005229−0.269%$106.1M$382.9M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005251+0.147%$173.0M$88.8M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005235−0.164%$26.2M$68.6M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005213−0.586%$661K$5.2Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005239−0.085%$29K$534K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005274+0.582%$1K$2.5M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005264+0.393%$590K$3.9M75xas long as short
Reya kPEPERUSDPERPshort+0.0189%1h0.000005256+0.244%$8K15x
Bitget PEPEUSDT+0.0310%8h0.000005249+0.105%$51.0M$190.9M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0401%8h0.000005271+0.528%$35K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0430%8h0.000005233−0.197%$50.6M$677.5M50xas long as short
Paradex kPEPE-USD-PERP+0.0471%8h0.000005231−0.232%$6K20xas long as short
SoDEX 1000PEPE-USD+0.0475%1h0.000005267+0.452%$2K$10K10xas long as short
BloFin PEPE-USDT+0.0565%8h0.000005222−0.406%$4.9M$28.2M75xas long as short
Phemex u1000PEPEUSDT+0.0653%8h0.000005261+0.328%$2.5M$7.6M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0712%1h0.000005274+0.585%$710K$36.7M50xas long as short
BingX 1000PEPE-USDT+0.0762%8h0.000005253+0.189%$236.0Mas long as short
Aevo 1000PEPE-PERP+0.0800%1h0.000005270+0.509%$149K3xas long as short
Extended 1000PEPE-USD+0.0808%1h0.000005255+0.218%$556K$231K25xas long as short
MEXC PEPE_USDT+0.0809%8h0.000005233−0.204%$99.2M$296.4M300xas long as short
Binance 1000PEPEUSDT+0.0810%8h0.000005236−0.134%$152.2M$1.34B75xas long as short
Nado kPEPE-PERP+0.0858%1h0.000005252+0.160%$189K$917K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0903%1h0.000005243−0.006%$161K$808K25xas long as short
Aster 1000PEPEUSDTlong+0.0916%8h0.000005243long leg$1.8M$10.4M50x
GMX PEPE/USD [ETH-USDC]L +0.0972% / S −0.1946%1h0.000005000−4.640%$65K100xas long as short
01 Exchange kPEPEUSD+0.0976%1h0.000005255+0.223%$634$3K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.1080%1h0.000005270+0.509%$75K$126K25xas long as short
Backpack kPEPE_USDC_PERP+0.1154%1h0.000005261+0.343%$69K$724K15xas long as short
Lighter 1000PEPE+0.1200%1h0.000005247+0.070%$633K$8.8M10xas long as short
Kraken Futures PF_PEPEUSD+0.1550%1h0.000005267+0.445%$4.8M$16.4M50xas long as short
Hyperliquid kPEPE+0.1557%1h0.000005250+0.128%$57.1M$145.9M10xas long as short