Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1496%/8h= +163.9% APRpaid last 24h +0.018%

Price spread now: GMX against Aster−3.290%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 3.290% cheaper against Aster than usual: you would sell low and buy high (spread −3.290% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$329 on $10k: about 7.3 days of funding at the current rate (+$45 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000PEPEUSDT	0.000005170	0.0753	pay 0.0753% / 8h	1h 05m	$1.8M	$11.7M	50x
Short	GMX PEPE/USD [ETH-USDC]	0.000005000	L +0.1133% / S −0.2249%	get 0.0281% / 1h	5m 10s	$64K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −3.290%Rate

Funding earned: $314.25
Price spread: −3.290% → 0.000%: −$329.01
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$34.76
Costs to cover: 0.200%
Break-even: 7.8 days

Slippage unknown: Aster: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

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, 4 min ago	1.46 bp	9.8 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective PEPE/USDC PERP	−0.0016%	1h	0.000005140	−0.582%	$8K	$120K	12x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005165	−0.099%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005162	−0.155%	$4K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005167	−0.060%	$60K	$182K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005166	−0.079%	$101.2M	$421.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005164	−0.118%	$164.2M	$97.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005168	−0.048%	$607K	$5.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005152	−0.346%	$28K	$543K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005174	+0.081%	$2K	$2.7M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005169	−0.015%	$599K	$4.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEPEUSDTM	+0.0109%	8h	0.000005169	−0.025%	$26.4M	$72.7M	75x	as long as short
SoDEX 1000PEPE-USD	+0.0168%	1h	0.000005169	−0.021%	$2K	$11K	10x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005170	−0.007%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0286%	8h	0.000005164	−0.122%	$46.2M	$216.5M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0398%	8h	0.000005165	−0.099%	$47.7M	$736.9M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0399%	8h	0.000005171	+0.010%	$34K	$26K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0422%	1h	0.000005152	−0.350%	$150K	$829K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0452%	1h	0.000005167	−0.054%	$4.7M	$16.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0467%	1h	0.000005165	−0.089%	$73K	$865K	15x	as long as short
Phemex u1000PEPEUSDT	+0.0516%	8h	0.000005169	−0.015%	$2.4M	$8.0M	50x	as long as short
BloFin PEPE-USDT	+0.0517%	8h	0.000005169	−0.021%	$4.4M	$30.0M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0521%	8h	0.000005169	−0.019%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0525%	1h	0.000005167	−0.060%	$74K	$127K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0624%	1h	0.000005170	−0.002%	$690K	$39.1M	50x	as long as short
01 Exchange kPEPEUSD	+0.0680%	1h	0.000005172	+0.037%	$624	$3K	10x	as long as short
Nado kPEPE-PERP	+0.0699%	1h	0.000005171	+0.027%	$165K	$960K	10x	as long as short
Lighter 1000PEPE	+0.0712%	1h	0.000005174	+0.075%	$617K	$9.1M	10x	as long as short
BingX 1000PEPE-USDT	+0.0722%	8h	0.000005164	−0.122%	—	$218.0M	—	as long as short
Aster 1000PEPEUSDTlong	+0.0753%	8h	0.000005170	long leg	$1.8M	$11.7M	50x
MEXC PEPE_USDT	+0.0759%	8h	0.000005164	−0.114%	$100.0M	$306.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0760%	1h	0.000005167	−0.054%	$543K	$284K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0760%	1h	0.000005170	−0.002%	$146K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0760%	8h	0.000005166	−0.081%	$141.9M	$1.47B	75x	as long as short
Hyperliquid kPEPE	+0.0956%	1h	0.000005173	+0.056%	$53.8M	$156.8M	10x	as long as short
GMX PEPE/USD [ETH-USDC]short	L +0.1133% / S −0.2249%	1h	0.000005000	−3.290%	$64K	—	100x