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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex u1000PEPEUSDT0.0000051550.0576pay 0.0576% / 8h1h 56m$2.4M$8.0M50x
ShortAster 1000PEPEUSDT0.0000051600.0812get 0.0812% / 8h1h 56m$1.8M$11.6M50x

Funding 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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago5.68 bp24.7 bp −$2548.5 bp −$485doesn't fitdoesn't fit
Sell Aster live order book, 3 min ago1.06 bp6.9 bp −$711.4 bp −$114doesn'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
Injective PEPE/USDC PERP−0.0016%1h0.000005206+0.989%$10K$119K12xas long as short
dYdX PEPE-USD0.0000%1h0.000005156+0.020%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005158+0.068%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005166+0.213%$60K$180K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005157+0.041%$101.4M$413.1M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005152−0.058%$163.0M$95.6M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005155+0.008%$25.7M$71.7M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005159+0.069%$617K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005173+0.348%$28K$539K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005172+0.338%$2K$2.6M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX 1000PEPE-USD+0.0100%1h0.000005158+0.058%$2K$11K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000005175+0.388%$590K$4.2M75xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005165+0.189%$8K15xas long as short
Bitget PEPEUSDT+0.0310%8h0.000005158+0.052%$46.2M$213.7M75xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0332%1h0.000005160+0.097%$74K$127K25xas long as short
Orderly PERP_1000PEPE_USDC+0.0379%8h0.000005159+0.072%$34K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0417%8h0.000005158+0.058%$48.3M$721.0M50xas long as short
Kraken Futures PF_PEPEUSD+0.0453%1h0.000005156+0.018%$4.7M$16.8M50xas long as short
Paradex kPEPE-USD-PERP+0.0518%8h0.000005167+0.225%$6K20xas long as short
BloFin PEPE-USDT+0.0545%8h0.000005186+0.601%$4.4M$29.6M75xas long as short
Phemex u1000PEPEUSDTlong+0.0576%8h0.000005155long leg$2.4M$8.0M50x
Backpack kPEPE_USDC_PERP+0.0607%1h0.000005157+0.039%$72K$848K15xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.000005169+0.272%$702K$38.3M50xas long as short
01 Exchange kPEPEUSD+0.0672%1h0.000005162+0.136%$623$3K10xas long as short
ApeX Omni 1000PEPEUSDT+0.0672%1h0.000005154−0.019%$156K$818K25xas long as short
Lighter 1000PEPE+0.0736%1h0.000005160+0.097%$620K$9.0M10xas long as short
Nado kPEPE-PERP+0.0738%1h0.000005162+0.133%$165K$955K10xas long as short
BingX 1000PEPE-USDC+0.0757%8h0.000005158+0.048%$2.3Mas long as short
Aevo 1000PEPE-PERP+0.0784%1h0.000005166+0.213%$146K3xas long as short
MEXC PEPE_USDT+0.0788%8h0.000005158+0.052%$98.5M$301.8M300xas long as short
Binance 1000PEPEUSDT+0.0789%8h0.000005158+0.055%$142.8M$1.44B75xas long as short
Extended 1000PEPE-USD+0.0792%1h0.000005161+0.112%$547K$285K25xas long as short
Aster 1000PEPEUSDTshort+0.0812%8h0.000005160+0.104%$1.8M$11.6M50x
Hyperliquid kPEPE+0.0881%1h0.000005162+0.136%$55.1M$154.4M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1133% / S −0.2351%1h0.000005000−3.007%$63K100xas long as short