Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0591%/8h= +64.7% APRnext payment +$5.91 per $10,000 · paid last 24h +0.109%
Price spread now: Aster against KuCoin−0.021%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$420.423% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.197%+$20 on $10k
Price spread, last 7 days+0.044%+$4 · spread now −0.021%, 7d avg +0.060%
Together, before fees+0.241%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.081% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.060%). If the spread goes back, that is −$8 on $10k: about 11 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.197% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.197% in total (about 10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.91 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PEPEUSDTM0.0000051550.0127pay 0.0127% / 8h14m 02s$27.0M$74.1M75x
ShortAster 1000PEPEUSDT0.0000051540.0718get 0.0718% / 8h14m 02s$1.7M$12.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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

Funding earned
$124.1
Price spread: −0.021% → +0.060%
−$8.11
Slippage, 4 orders
−$22.31
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
$73.68
Costs to cover
0.423%
Break-even
2.8 days
Slippage from KuCoin: live order book, 5 min ago; Aster: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago1.45 bp10.6 bp −$1118.8 bp −$188doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago1.55 bp9.6 bp −$1013.4 bp −$134doesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000005151−0.077%$19K$64910xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005148−0.151%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005154−0.025%$60K$184K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005151−0.083%$99.3M$430.4M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005149−0.122%$163.3M$99.6M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005150−0.109%$613K$5.4Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005154−0.033%$28K$548K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005157+0.033%$1K$2.7M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000005151−0.085%$600K$4.2M75xas long as short
KuCoin PEPEUSDTMlong+0.0127%8h0.000005155long leg$27.0M$74.1M75x
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX 1000PEPE-USD+0.0130%1h0.000005153−0.045%$2K$11K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005141−0.272%$8K15xas long as short
Bitget PEPEUSDT+0.0250%8h0.000005151−0.078%$46.3M$220.2M75xas long as short
ApeX Omni 1000PEPEUSDT+0.0298%1h0.000005173+0.343%$150K$834K25xas long as short
OKX PEPE-USDT-SWAP+0.0362%8h0.000005152−0.064%$47.7M$748.1M50xas long as short
Injective PEPE/USDC PERP+0.0404%1h0.000005142−0.258%$8K$120K12xas long as short
Orderly PERP_1000PEPE_USDC+0.0414%8h0.000005154−0.033%$34K$26K20xas long as short
Phemex u1000PEPEUSDT+0.0455%8h0.000005153−0.050%$2.4M$8.1M50xas long as short
Paradex kPEPE-USD-PERP+0.0460%8h0.000005158+0.054%$6K20xas long as short
BloFin PEPE-USDT+0.0484%8h0.000005148−0.142%$4.5M$30.4M75xas long as short
Backpack kPEPE_USDC_PERP+0.0505%1h0.000005151−0.080%$78K$891K15xas long as short
Lighter 1000PEPE+0.0520%1h0.000005155−0.006%$619K$9.1M10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0527%1h0.000005152−0.064%$73K$127K25xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0544%1h0.000005154−0.025%$672K$39.8M50xas long as short
BingX 1000PEPE-USDC+0.0686%8h0.000005152−0.064%$2.3Mas long as short
01 Exchange kPEPEUSD+0.0704%1h0.000005156+0.014%$622$2K10xas long as short
Nado kPEPE-PERP+0.0708%1h0.000005152−0.060%$166K$958K10xas long as short
Extended 1000PEPE-USD+0.0712%1h0.000005149−0.116%$542K$282K25xas long as short
Kraken Futures PF_PEPEUSD+0.0713%1h0.000005148−0.149%$4.8M$16.7M50xas long as short
Binance 1000PEPEUSDT+0.0714%8h0.000005153−0.050%$142.1M$1.50B75xas long as short
MEXC PEPE_USDT+0.0716%8h0.000005152−0.062%$101.2M$308.8M300xas long as short
Aster 1000PEPEUSDTshort+0.0718%8h0.000005154−0.021%$1.7M$12.0M50x
Aevo 1000PEPE-PERP+0.0720%1h0.000005154−0.025%$146K3xas long as short
Hyperliquid kPEPE+0.0920%1h0.000005157+0.033%$53.7M$159.3M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1068% / S −0.1281%1h0.000005000−3.012%$50K100xas long as short