Funding you earn now, next payment 08:00 UTC−0.0442%/8h= −48.4% APRnext payment −$4.42 per $10,000 · paid last 24h −0.089%
Price spread now: Bybit against Aster−0.221%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now −0.221%, 7d avg −0.098%
=Together, before fees−0.188%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.123% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.098%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.225% in total (about -11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.42 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 | Aster 1000PEPEUSDT | 0.000004801 | 0.0542 | pay 0.0542% / 8h | 7h 57m | $1.5M | $7.3M | 50x |
| Short | Bybit 1000PEPEUSDT | 0.000004790 | 0.0100 | get 0.0100% / 8h | 7h 57m | $87.5M | $296.7M | 50x |
Aster 1000PEPEUSDT
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aster. 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
- −$92.91
- Price spread: −0.221% → −0.098%
- −$12.28
- Slippage, 4 orders
- −$13.07
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$137.26
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from Aster: live order book, 2 min ago; Bybit: live order book, 2 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 Aster live order book, 2 min ago | 1.25 bp | 8.7 bp −$9 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.05 bp | 6.7 bp −$7 | 10.8 bp −$108 | 34.8 bp −$3,484 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex u1000PEPEUSDT | −0.1073% | 8h | 0.000004798 | −0.054% | $2.3M | $6.5M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | −0.0122% | 1h | 0.000004797 | −0.080% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004792 | −0.185% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004797 | −0.091% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004796 | −0.106% | $68.7M | $101.7M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004796 | −0.106% | $56K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000004790 | −0.221% | $87.5M | $296.7M | 50x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004794 | −0.154% | $24.1M | $55.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004791 | −0.210% | $42.4M | $151.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004764 | −0.776% | $552K | $4.2M | — | as long as short |
Phemex u1000PEPEUSDT
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
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 1000PEPEUSDC | +0.0100% | 4h | 0.000004767 | −0.700% | $25K | $350K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004767 | −0.710% | $100K | $754K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004805 | +0.092% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004802 | +0.017% | $542K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0120% | 1h | 0.000004800 | −0.023% | $578K | $6.6M | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0158% | 1h | 0.000004799 | −0.044% | $2K | $12K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0175% | 8h | 0.000004797 | −0.087% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004801 | −0.003% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0191% | 8h | 0.000004792 | −0.189% | $42.9M | $504.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0304% | 1h | 0.000004802 | +0.019% | $550 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0310% | 8h | 0.000004792 | −0.189% | $3.9M | $22.7M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0336% | 8h | 0.000004799 | −0.048% | $30K | $13K | 20x | as long as short |
| Nado kPEPE-PERP | +0.0338% | 1h | 0.000004801 | +0.007% | $181K | $849K | 10x | as long as short |
| Gate PEPE_USDT | +0.0348% | 8h | 0.000004798 | −0.064% | $152.4M | $64.5M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004804 | +0.061% | $557K | $25.9M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0403% / S −0.0444% | 1h | 0.000004000 | −16.686% | $43K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0532% | 8h | 0.000004801 | −0.008% | — | $257.5M | — | as long as short |
| Aster 1000PEPEUSDTlong | +0.0542% | 8h | 0.000004801 | long leg | $1.5M | $7.3M | 50x | |
| Extended 1000PEPE-USD | +0.0544% | 1h | 0.000004798 | −0.071% | $526K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0544% | 8h | 0.000004798 | −0.058% | $135.1M | $1.08B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0544% | 8h | 0.000004793 | −0.169% | $91.2M | $279.6M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0552% | 1h | 0.000004796 | −0.106% | $136K | — | 3x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004793 | −0.169% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0659% | 1h | 0.000004795 | −0.133% | $93K | $603K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1001% | 1h | 0.000004801 | −0.002% | $77K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
HTX PEPE-USDT
Lighter 1000PEPE
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Nado kPEPE-PERP
Gate PEPE_USDT
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL