Funding you earn now, next payment 00:00 UTC+0.0510%/8h= +55.8% APRpaid last 24h +0.060%
Price spread now: Aster against edgeX−0.267%100s7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 3 days (all we have)+0.166%+$17 · spread now −0.267%, 7d avg +0.075%
=Together, before fees+0.264%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.342% cheaper against edgeX than usual: you would sell low and buy high (spread −0.267% now, against its 7-day average of +0.075%). If the spread goes back, that is −$34 on $10k: about 2.2 days of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.099% in total) that is about 24 days. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.1% a year). A funding rate is set anew for every payment. 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 | edgeX 1000PEPEUSDC | 0.000004770 | 0.0100 | pay 0.0050% / 4h | 25m 57s | $25K | $348K | 20x |
| Short | Aster 1000PEPEUSDT | 0.000004757 | 0.0610 | get 0.0610% / 8h | 25m 57s | $1.5M | $7.3M | 50x |
edgeX 1000PEPEUSDC
Aster 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against edgeX. 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
- $107.05
- Price spread: −0.267% → +0.075%
- −$34.22
- Slippage, 4 orders
- −$10.95
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $44.87
- Costs to cover
- 0.280%
- Break-even
- 4.1 days
Slippage from edgeX: live order book, 52 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 edgeX live order book, 52 min ago | 1.04 bp | 5.7 bp −$6 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Aster live order book, 3 min ago | 1.26 bp | 6.5 bp −$6 | 9.2 bp −$92 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0175% | 1h | 0.000004747 | −0.483% | $66.5M | $93.5M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004753 | −0.359% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004752 | −0.386% | $13K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004755 | −0.307% | $3.8M | $13.7M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004756 | −0.294% | $59K | $116K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004755 | −0.317% | $85.7M | $290.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004752 | −0.378% | $149.3M | $64.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004752 | −0.368% | $24.2M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004752 | −0.380% | $42.0M | $150.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004753 | −0.358% | $536K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000004770 | long leg | $25K | $348K | 20x | |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004769 | −0.022% | $99K | $754K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004764 | −0.133% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004757 | −0.273% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004755 | −0.315% | $539K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0120% | 1h | 0.000004759 | −0.231% | $591K | $6.4M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0182% | 8h | 0.000004755 | −0.318% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0184% | 8h | 0.000004759 | −0.238% | $2.3M | $6.5M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004755 | −0.314% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0206% | 8h | 0.000004755 | −0.315% | $41.4M | $494.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0264% | 1h | 0.000004758 | −0.252% | $545 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004766 | −0.085% | $3.9M | $22.3M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0380% / S −0.0342% | 1h | 0.000004000 | −16.143% | $46K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0384% | 8h | 0.000004756 | −0.300% | $30K | $12K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004757 | −0.273% | $562K | $25.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004767 | −0.064% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0591% | 1h | 0.000004756 | −0.303% | $90K | $602K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0592% | 1h | 0.000004756 | −0.294% | $77K | $98K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0598% | 8h | 0.000004756 | −0.300% | — | $256.9M | — | as long as short |
| Extended 1000PEPE-USD | +0.0608% | 1h | 0.000004754 | −0.327% | $524K | $148K | 25x | as long as short |
| Aster 1000PEPEUSDTshort | +0.0610% | 8h | 0.000004757 | −0.267% | $1.5M | $7.3M | 50x | |
| Binance 1000PEPEUSDT | +0.0610% | 8h | 0.000004754 | −0.347% | $131.0M | $1.06B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0613% | 8h | 0.000004752 | −0.374% | $90.8M | $281.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0616% | 1h | 0.000004758 | −0.252% | $135K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0671% | 1h | 0.000004754 | −0.336% | $182K | $849K | 10x | as long as short |
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP