Funding you earn now, next payment 08:00 UTC+0.0236%/8h= +25.9% APRnext payment +$2.36 per $10,000 · paid last 24h +0.104%
Price spread now: Aster against Phemex+0.104%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days+0.241%+$24 on $10k
+Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.104%, 7d avg +0.036%
=Together, before fees+0.044%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.068% dearer against Phemex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex u1000PEPEUSDT | 0.000005155 | 0.0576 | pay 0.0576% / 8h | 1h 56m | $2.4M | $8.0M | 50x |
| Short | Aster 1000PEPEUSDT | 0.000005160 | 0.0812 | get 0.0812% / 8h | 1h 56m | $1.8M | $11.6M | 50x |
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $49.64
- Price spread: +0.104% → +0.036%
- $6.82
- Slippage, 4 orders
- −$41.42
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$4.97
- Costs to cover
- 0.614%
- Break-even
- 7.7 days
Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 3 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 Phemex live order book, 3 min ago | 5.68 bp | 24.7 bp −$25 | 48.5 bp −$485 | doesn't fit | doesn't fit |
| Sell Aster live order book, 3 min ago | 1.06 bp | 6.9 bp −$7 | 11.4 bp −$114 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005206 | +0.989% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005156 | +0.020% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005158 | +0.068% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005166 | +0.213% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005157 | +0.041% | $101.4M | $413.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005152 | −0.058% | $163.0M | $95.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005155 | +0.008% | $25.7M | $71.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005159 | +0.069% | $617K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005173 | +0.348% | $28K | $539K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005172 | +0.338% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005158 | +0.058% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005175 | +0.388% | $590K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005165 | +0.189% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0310% | 8h | 0.000005158 | +0.052% | $46.2M | $213.7M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0332% | 1h | 0.000005160 | +0.097% | $74K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005159 | +0.072% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000005158 | +0.058% | $48.3M | $721.0M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005156 | +0.018% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0518% | 8h | 0.000005167 | +0.225% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0545% | 8h | 0.000005186 | +0.601% | $4.4M | $29.6M | 75x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0576% | 8h | 0.000005155 | long leg | $2.4M | $8.0M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0607% | 1h | 0.000005157 | +0.039% | $72K | $848K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005169 | +0.272% | $702K | $38.3M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005162 | +0.136% | $623 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0672% | 1h | 0.000005154 | −0.019% | $156K | $818K | 25x | as long as short |
| Lighter 1000PEPE | +0.0736% | 1h | 0.000005160 | +0.097% | $620K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0738% | 1h | 0.000005162 | +0.133% | $165K | $955K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0757% | 8h | 0.000005158 | +0.048% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000005166 | +0.213% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0788% | 8h | 0.000005158 | +0.052% | $98.5M | $301.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0789% | 8h | 0.000005158 | +0.055% | $142.8M | $1.44B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005161 | +0.112% | $547K | $285K | 25x | as long as short |
| Aster 1000PEPEUSDTshort | +0.0812% | 8h | 0.000005160 | +0.104% | $1.8M | $11.6M | 50x | |
| Hyperliquid kPEPE | +0.0881% | 1h | 0.000005162 | +0.136% | $55.1M | $154.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −3.007% | $63K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]