PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0430%/8h= +47.1% APRnext payment +$4.30 per $10,000 · paid last 24h +0.109%

Price spread now: Aster against Bybit+0.272%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.272%, 7d avg +0.098%

Together, before fees+0.180%+ Points / potential airdropAster: Stage 5 · farm board+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Aster is 0.174% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.098%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.270% in total (about 14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.30 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	Bybit 1000PEPEUSDT	0.000004918	0.0100	pay 0.0100% / 8h	7h 35m	$90.2M	$301.3M	50x
Short	Aster 1000PEPEUSDT	0.000004931	0.0530	get 0.0530% / 8h	7h 35m	$1.5M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.272%Rate

Funding earned: $90.26
Price spread: +0.272% → +0.098%: $17.39
Slippage, 4 orders: −$12.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: $76.27
Costs to cover: 0.314%
Break-even: 1.1 days

Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 3 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 Bybit live order book, 4 min ago	1.02 bp	7.7 bp −$8	12.9 bp −$129	33.4 bp −$3,344	doesn't fit
Sell Aster live order book, 3 min ago	2.55 bp	7.2 bp −$7	13.7 bp −$137	doesn't fit	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
Kraken Futures PF_PEPEUSD	−0.0119%	1h	0.000004925	+0.157%	$3.9M	$13.9M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004928	+0.211%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004922	+0.089%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004931	+0.270%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDTlong	+0.0100%	8h	0.000004918	long leg	$90.2M	$301.3M	50x
Gate PEPE_USDT	+0.0100%	8h	0.000004927	+0.189%	$156.1M	$65.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004930	+0.246%	$25.4M	$55.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004921	+0.075%	$43.2M	$151.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004921	+0.062%	$575K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004900	−0.364%	$26K	$352K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004933	+0.301%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004926	+0.169%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004929	+0.236%	$557K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004921	+0.069%	$2.4M	$6.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0188%	8h	0.000004922	+0.087%	$43.1M	$521.1M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004921	+0.071%	$7K	—	15x	as long as short
Hyperliquid kPEPE	+0.0196%	1h	0.000004937	+0.392%	$58.7M	$113.7M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0197%	8h	0.000004928	+0.216%	$6K	$16	20x	as long as short
Lighter 1000PEPE	+0.0272%	1h	0.000004933	+0.311%	$577K	$6.7M	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0300%	8h	0.000004926	+0.161%	$30K	$13K	20x	as long as short
BloFin PEPE-USDT	+0.0307%	8h	0.000004937	+0.392%	$4.0M	$23.4M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004928	+0.209%	$588K	$26.7M	50x	as long as short
Nado kPEPE-PERP	+0.0410%	1h	0.000004921	+0.060%	$192K	$851K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0455%	1h	0.000004932	+0.291%	$102K	$754K	25x	as long as short
01 Exchange kPEPEUSD	+0.0456%	1h	0.000004927	+0.189%	$1K	$2K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0462% / S −0.0689%	1h	0.000004000	−18.661%	$46K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0504%	1h	0.000004923	+0.115%	$541K	$148K	25x	as long as short
BingX 1000PEPE-USDC	+0.0504%	8h	0.000004923	+0.116%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0506%	8h	0.000004931	+0.268%	$97.2M	$282.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0508%	8h	0.000004923	+0.111%	$138.4M	$1.09B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0512%	1h	0.000004927	+0.189%	$139K	—	3x	as long as short
Aster 1000PEPEUSDTshort	+0.0530%	8h	0.000004931	+0.272%	$1.5M	$7.5M	50x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0563%	1h	0.000004927	+0.189%	$70K	$107K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0570%	1h	0.000004926	+0.167%	$92K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004915	−0.055%	$4K	$102K	12x	as long as short