Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0675%/8h= +73.9% APRpaid last 24h +0.135%

Price spread now: Aster against dYdX−0.071%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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. Aster is 0.071% cheaper against dYdX than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 8 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PEPE-USD	0.000005111	0	get 0.0000% / 1h	59m 11s	$19K	$95	10x
Short	Aster 1000PEPEUSDT	0.000005107	0.0675	get 0.0675% / 8h	5h 59m	$1.7M	$8.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now −0.071%Rate

Funding earned: $141.7
Price spread: −0.071% → 0.000%: −$7.1
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $116.59
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: dYdX: no order-book sample; Aster: live order book, 5 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	3.74 bp	11.3 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit

dYdX: 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 34 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-USDlong	0.0000%	1h	0.000005111	long leg	$19K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005104	−0.132%	$18K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005119	+0.154%	$63K	$128K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005107	−0.089%	$99.6M	$327.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005108	−0.061%	$163.6M	$72.0M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005110	−0.024%	$25.6M	$61.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005112	+0.021%	$47.6M	$167.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005100	−0.225%	$681K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005107	−0.084%	$27K	$424K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005119	+0.148%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005109	−0.048%	$582K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005108	−0.056%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0274%	8h	0.000005112	+0.017%	$46.2M	$582.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0295%	8h	0.000005111	+0.003%	$34K	$24K	20x	as long as short
SoDEX 1000PEPE-USD	+0.0375%	1h	0.000005114	+0.056%	$2K	$12K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0489%	8h	0.000005109	−0.044%	$2.4M	$7.0M	50x	as long as short
BingX 1000PEPE-USDC	+0.0530%	8h	0.000005109	−0.034%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0537% / S −0.0928%	1h	0.000005000	−2.174%	$48K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000005116	+0.095%	$145K	—	3x	as long as short
MEXC PEPE_USDT	+0.0562%	8h	0.000005114	+0.062%	$96.8M	$285.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0567%	8h	0.000005113	+0.037%	$144.8M	$1.18B	75x	as long as short
Extended 1000PEPE-USD	+0.0568%	1h	0.000005111	+0.007%	$562K	$199K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005115	+0.076%	$931K	$30.8M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0657%	1h	0.000005104	−0.140%	$106K	$749K	25x	as long as short
Aster 1000PEPEUSDTshort	+0.0675%	8h	0.000005107	−0.071%	$1.7M	$8.3M	50x
Paradex kPEPE-USD-PERP	+0.0693%	8h	0.000005121	+0.193%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0729%	1h	0.000005112	+0.017%	$62K	$114K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0902%	1h	0.000005112	+0.007%	$99K	$610K	15x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	−0.120%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.1152%	1h	0.000005115	+0.076%	$617	$3K	10x	as long as short
Nado kPEPE-PERP	+0.1331%	1h	0.000005111	+0.002%	$194K	$882K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1361%	1h	0.000005111	−0.001%	$4.1M	$14.6M	50x	as long as short
Lighter 1000PEPE	+0.1544%	1h	0.000005121	+0.193%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.1806%	1h	0.000005120	+0.174%	$56.6M	$136.5M	10x	as long as short