PEPE

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

Long on Phemex Short on Aster

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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex u1000PEPEUSDT	0.000004791	−0.0286	get 0.0286% / 8h	7h 55m	$2.3M	$6.5M	50x
Short	Aster 1000PEPEUSDT	0.000004794	0.0546	get 0.0546% / 8h	7h 55m	$1.5M	$7.3M	50x

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

Position, each leg$Hold fordaysFee PhemexbpFee AsterbpOrdersPrice spread, now +0.061%Rate

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 3 min ago	14.86 bp	29.3 bp −$29	49.9 bp −$499	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.25 bp	10.1 bp −$10	13.8 bp −$138	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
Phemex u1000PEPEUSDTlong	−0.0286%	8h	0.000004791	long leg	$2.3M	$6.5M	50x
Kraken Futures PF_PEPEUSD	−0.0122%	1h	0.000004795	+0.088%	$3.9M	$13.9M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004791	−0.002%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004789	−0.048%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004790	−0.019%	$68.6M	$102.2M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004794	+0.065%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004790	−0.027%	$87.5M	$297.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004790	−0.019%	$152.1M	$64.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004795	+0.077%	$24.1M	$55.0M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004790	−0.021%	$42.4M	$151.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 1000PEPE	+0.0100%	8h	0.000004801	+0.208%	$554K	$4.2M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004798	+0.142%	$26K	$350K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004802	+0.238%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004796	+0.106%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004796	+0.104%	$541K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0112%	1h	0.000004794	+0.065%	$575K	$6.6M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0175%	8h	0.000004794	+0.061%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004789	−0.035%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0193%	8h	0.000004792	+0.023%	$42.8M	$505.2M	50x	as long as short
BloFin PEPE-USDT	+0.0310%	8h	0.000004792	+0.023%	$3.9M	$22.7M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0333%	8h	0.000004791	+0.002%	$30K	$13K	20x	as long as short
01 Exchange kPEPEUSD	+0.0336%	1h	0.000004788	−0.061%	$548	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004796	+0.106%	$550K	$25.9M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0404% / S −0.0446%	1h	0.000004000	−16.508%	$43K	—	100x	as long as short
Nado kPEPE-PERP	+0.0415%	1h	0.000004795	+0.084%	$180K	$848K	10x	as long as short
BingX 1000PEPE-USDT	+0.0532%	8h	0.000004792	+0.027%	—	$257.5M	—	as long as short
Binance 1000PEPEUSDT	+0.0542%	8h	0.000004792	+0.033%	$135.0M	$1.08B	75x	as long as short
Extended 1000PEPE-USD	+0.0544%	1h	0.000004792	+0.023%	$526K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0545%	8h	0.000004800	+0.196%	$91.2M	$279.7M	300x	as long as short
Aster 1000PEPEUSDTshort	+0.0546%	8h	0.000004794	+0.061%	$1.5M	$7.3M	50x
Aevo 1000PEPE-PERP	+0.0552%	1h	0.000004785	−0.123%	$135K	—	3x	as long as short
Backpack kPEPE_USDC_PERP	+0.0634%	1h	0.000004797	+0.134%	$94K	$602K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004793	+0.044%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0794%	1h	0.000004796	+0.106%	$77K	$98K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1932%	1h	0.000004800	+0.190%	$100K	$753K	25x	as long as short