PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0802%/8h= +87.8% APRnext payment +$8.02 per $10,000 · paid last 24h +0.060%

Price spread now: Aster against SunX+0.098%56s7-day average −0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as 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−$1411.410% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 3 days (all we have)−0.444%−$44 · spread now +0.098%, 7d avg −0.106%

Together, before fees−0.345%+ Points / potential airdropAster: Stage 5 · farm board−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Aster is 0.204% dearer against SunX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.106%. The two prices were read 56 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; at this rate the next one is about +$8.02 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	SunX 1000PEPE-USDT	0.000004828	0.0100	pay 0.0100% / 8h	2h 10m	$2K	$2.4M	20x
Short	Aster 1000PEPEUSDT	0.000004833	0.0902	get 0.0902% / 8h	2h 10m	$1.5M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.098%Rate

Funding earned: $168.41
Price spread: +0.098% → −0.106%: $20.36
Slippage, 4 orders: −$125.01
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $47.76
Costs to cover: 1.410%
Break-even: 5.0 days

Slippage from SunX: live order book, 6 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 SunX live order book, 6 min ago	29.03 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.83 bp	7.7 bp −$8	11.2 bp −$112	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
dYdX PEPE-USD	0.0000%	1h	0.000004826	−0.053%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004825	−0.058%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004835	+0.139%	$58.5M	$72.5M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004830	+0.035%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004830	+0.029%	$87.9M	$275.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004827	−0.027%	$150.7M	$62.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004833	+0.099%	$25.0M	$53.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004820	−0.164%	$577K	$3.8M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004818	−0.216%	$27K	$342K	20x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000004828	long leg	$2K	$2.4M	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004815	−0.284%	$554K	$3.4M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0175%	8h	0.000004830	+0.035%	$41.6M	$487.4M	50x	as long as short
Bitget PEPEUSDT	+0.0183%	8h	0.000004827	−0.021%	$42.6M	$150.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004836	+0.151%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0287%	8h	0.000004831	+0.056%	$3.9M	$21.9M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−17.155%	$52K	—	100x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0416%	8h	0.000004831	+0.056%	$30K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004817	−0.234%	$579K	$25.1M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0502%	8h	0.000004834	+0.124%	$2.3M	$6.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0525%	8h	0.000004829	+0.020%	$5K	$16	20x	as long as short
Injective PEPE/USDC PERP	+0.0555%	1h	0.000004814	−0.296%	$4K	$110K	12x	as long as short
Lighter 1000PEPE	+0.0704%	1h	0.000004837	+0.180%	$603K	$5.3M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0706%	1h	0.000004834	+0.114%	$93K	$624K	15x	as long as short
Nado kPEPE-PERP	+0.0731%	1h	0.000004836	+0.156%	$189K	$848K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0760%	1h	0.000004819	−0.195%	$3.9M	$13.1M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0765%	1h	0.000004818	−0.213%	$102K	$761K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0785%	1h	0.000004819	−0.193%	$2K	$9K	10x	as long as short
BingX 1000PEPE-USDT	+0.0820%	8h	0.000004836	+0.155%	—	$254.7M	—	as long as short
Extended 1000PEPE-USD	+0.0864%	1h	0.000004827	−0.035%	$529K	$147K	25x	as long as short
MEXC PEPE_USDT	+0.0865%	8h	0.000004837	+0.180%	$92.2M	$292.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0870%	8h	0.000004835	+0.147%	$128.8M	$1.02B	75x	as long as short
Aevo 1000PEPE-PERP	+0.0872%	1h	0.000004829	+0.014%	$137K	—	3x	as long as short
Aster 1000PEPEUSDTshort	+0.0902%	8h	0.000004833	+0.098%	$1.5M	$6.8M	50x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0995%	1h	0.000004824	−0.089%	$82K	$94K	25x	as long as short
01 Exchange kPEPEUSD	+0.1208%	1h	0.000004840	+0.242%	$554	$2K	10x	as long as short