Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.075%

Price spread now: Aster against ApeX Omni+0.049%69s7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$410.409% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.049%, 7d avg +0.074%

Together, before fees+0.058%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.025% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.049% now, against its 7-day average of +0.074%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$2 a day). The two prices were read 69 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	ApeX Omni 1000PEPEUSDT	0.000004932	0.0455	pay 0.0057% / 1h	34m 19s	$102K	$754K	25x
Short	Aster 1000PEPEUSDT	0.000004934	0.0528	get 0.0528% / 8h	7h 34m	$1.5M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.049%Rate

Funding earned: $15.4
Price spread: +0.049% → +0.074%: −$2.51
Slippage, 4 orders: −$22.88
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.99
Costs to cover: 0.409%
Break-even: 19.7 days

Slippage from ApeX Omni: live order book, 39 min ago; Aster: live order book, 4 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 ApeX Omni live order book, 39 min ago	4.34 bp	11.7 bp −$12	94.5 bp −$945	doesn't fit	doesn't fit
Sell Aster live order book, 4 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	0.000004935	+0.056%	$4.0M	$13.9M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004926	−0.131%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004932	+0.002%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004929	−0.061%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004934	+0.051%	$90.5M	$301.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004931	−0.020%	$156.3M	$65.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004931	−0.024%	$25.4M	$55.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004933	+0.026%	$43.3M	$151.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004921	−0.228%	$575K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004900	−0.653%	$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	0.000004941	+0.187%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004934	+0.041%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004928	−0.085%	$557K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004930	−0.039%	$2.4M	$6.6M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0186%	8h	0.000004937	+0.101%	$43.2M	$522.7M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004928	−0.073%	$7K	—	15x	as long as short
Paradex kPEPE-USD-PERP	+0.0200%	8h	0.000004928	−0.085%	$6K	$16	20x	as long as short
Lighter 1000PEPE	+0.0272%	1h	0.000004938	+0.122%	$578K	$6.7M	10x	as long as short
Hyperliquid kPEPE	+0.0286%	1h	0.000004937	+0.101%	$57.8M	$114.5M	10x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0298%	8h	0.000004939	+0.150%	$30K	$13K	20x	as long as short
BloFin PEPE-USDT	+0.0308%	8h	0.000004932	0.000%	$4.0M	$23.4M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004939	+0.142%	$588K	$26.7M	50x	as long as short
Nado kPEPE-PERP	+0.0414%	1h	0.000004928	−0.080%	$192K	$851K	10x	as long as short
ApeX Omni 1000PEPEUSDTlong	+0.0455%	1h	0.000004932	long leg	$102K	$754K	25x
GMX PEPE/USD [ETH-USDC]	L +0.0464% / S −0.0693%	1h	0.000004000	−18.897%	$46K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.0464%	1h	0.000004933	+0.020%	$1K	$2K	10x	as long as short
BingX 1000PEPE-USDT	+0.0488%	8h	0.000004936	+0.085%	—	$257.0M	—	as long as short
Extended 1000PEPE-USD	+0.0504%	1h	0.000004933	+0.023%	$541K	$148K	25x	as long as short
Binance 1000PEPEUSDT	+0.0505%	8h	0.000004935	+0.065%	$138.7M	$1.09B	75x	as long as short
MEXC PEPE_USDT	+0.0507%	8h	0.000004932	−0.002%	$96.9M	$282.8M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0512%	1h	0.000004936	+0.081%	$140K	—	3x	as long as short
Aster 1000PEPEUSDTshort	+0.0528%	8h	0.000004934	+0.049%	$1.5M	$7.5M	50x
Backpack kPEPE_USDC_PERP	+0.0556%	1h	0.000004932	−0.004%	$94K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004931	−0.020%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0967%	1h	0.000004938	+0.122%	$70K	$107K	25x	as long as short