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+0.0832%/8h= +91.1% APRnext payment +$8.32 per $10,000 · paid last 24h +0.063%
Price spread now: Aster against Phemex+0.061%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$700.701% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.200%+$20 on $10k
Price spread, last 3 days (all we have)−0.154%−$15 · spread now +0.061%, 7d avg +0.015%
Together, before fees+0.046%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Aster is 0.046% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.015%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.200% in total (about 10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.32 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
LongPhemex u1000PEPEUSDT0.000004791−0.0286get 0.0286% / 8h7h 55m$2.3M$6.5M50x
ShortAster 1000PEPEUSDT0.0000047940.0546get 0.0546% / 8h7h 55m$1.5M$7.3M50x

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
$174.8
Price spread: +0.061% → +0.015%
$4.62
Slippage, 4 orders
−$50.09
Fee Phemex: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
$109.34
Costs to cover
0.701%
Break-even
2.6 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 ago14.86 bp29.3 bp −$2949.9 bp −$499doesn't fitdoesn't fit
Sell Aster live order book, 3 min ago1.25 bp10.1 bp −$1013.8 bp −$138doesn'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
Phemex u1000PEPEUSDTlong−0.0286%8h0.000004791long leg$2.3M$6.5M50x
Kraken Futures PF_PEPEUSD−0.0122%1h0.000004795+0.088%$3.9M$13.9M50xas long as short
dYdX PEPE-USD0.0000%1h0.000004791−0.002%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004789−0.048%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.000004790−0.019%$68.6M$102.2M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004794+0.065%$56K$119K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004790−0.027%$87.5M$297.0M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004790−0.019%$152.1M$64.6M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004795+0.077%$24.1M$55.0M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004790−0.021%$42.4M$151.5M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni 1000PEPE+0.0100%8h0.000004801+0.208%$554K$4.2Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004798+0.142%$26K$350K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004802+0.238%$2K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004796+0.106%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004796+0.104%$541K$3.5M75xas long as short
Lighter 1000PEPE+0.0112%1h0.000004794+0.065%$575K$6.6M10xas long as short
Paradex kPEPE-USD-PERP+0.0175%8h0.000004794+0.061%$5K$1620xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004789−0.035%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0193%8h0.000004792+0.023%$42.8M$505.2M50xas long as short
BloFin PEPE-USDT+0.0310%8h0.000004792+0.023%$3.9M$22.7M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0333%8h0.000004791+0.002%$30K$13K20xas long as short
01 Exchange kPEPEUSD+0.0336%1h0.000004788−0.061%$548$2K10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0368%1h0.000004796+0.106%$550K$25.9M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0404% / S −0.0446%1h0.000004000−16.508%$43K100xas long as short
Nado kPEPE-PERP+0.0415%1h0.000004795+0.084%$180K$848K10xas long as short
BingX 1000PEPE-USDT+0.0532%8h0.000004792+0.027%$257.5Mas long as short
Binance 1000PEPEUSDT+0.0542%8h0.000004792+0.033%$135.0M$1.08B75xas long as short
Extended 1000PEPE-USD+0.0544%1h0.000004792+0.023%$526K$148K25xas long as short
MEXC PEPE_USDT+0.0545%8h0.000004800+0.196%$91.2M$279.7M300xas long as short
Aster 1000PEPEUSDTshort+0.0546%8h0.000004794+0.061%$1.5M$7.3M50x
Aevo 1000PEPE-PERP+0.0552%1h0.000004785−0.123%$135K3xas long as short
Backpack kPEPE_USDC_PERP+0.0634%1h0.000004797+0.134%$94K$602K15xas long as short
Injective PEPE/USDC PERP+0.0636%1h0.000004793+0.044%$4K$102K12xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0794%1h0.000004796+0.106%$77K$98K25xas long as short
ApeX Omni 1000PEPEUSDT+0.1932%1h0.000004800+0.190%$100K$753K25xas long as short