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

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0648%/8h= +71.0% APRpaid last 24h +0.080%
Price spread now: Aster against Reya+0.065%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Aster is 0.065% dearer against Reya than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya kPEPERUSDPERP0.0000049900.0189pay 0.0024% / 1h27m 14s$8K15x
ShortAster 1000PEPEUSDT0.0000049940.0837get 0.0837% / 8h2h 27m$1.7M$11.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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
$136.11
Price spread: +0.065% → 0.000%
$6.52
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
$128.63
Costs to cover
0.140%
Break-even
0.4 days
Slippage unknown: Reya: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Aster live order book, 2 min ago1.10 bp6.5 bp −$711.3 bp −$113doesn't fitdoesn't fit
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h0.000004991+0.003%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0001%1h0.000004987−0.073%$6K150xas long as short
Pacifica kPEPE+0.0100%1h0.000004996+0.111%$57K$177K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004992+0.025%$97.9M$404.5M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004988−0.049%$160.7M$94.1M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004995+0.083%$24.9M$70.9M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005001+0.206%$599K$5.4Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005000+0.184%$27K$537K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004999+0.171%$1K$2.6M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000004986−0.079%$558K$4.1M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX 1000PEPE-USD+0.0177%1h0.000004997+0.131%$2K$10K10xas long as short
Reya kPEPERUSDPERPlong+0.0189%1h0.000004990long leg$8K15x
Bitget PEPEUSDT+0.0335%8h0.000004994+0.071%$44.8M$210.0M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0399%8h0.000004994+0.069%$33K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0417%8h0.000004996+0.111%$46.0M$682.7M50xas long as short
BloFin PEPE-USDT+0.0542%8h0.000004998+0.151%$4.4M$27.9M75xas long as short
Paradex kPEPE-USD-PERP+0.0547%8h0.000004999+0.177%$6K20xas long as short
Backpack kPEPE_USDC_PERP+0.0616%1h0.000004990−0.007%$73K$831K15xas long as short
01 Exchange kPEPEUSD+0.0640%1h0.000005002+0.232%$603$3K10xas long as short
Lighter 1000PEPE+0.0648%1h0.000005000+0.191%$593K$9.0M10xas long as short
Phemex u1000PEPEUSDT+0.0650%8h0.000004999+0.165%$2.4M$7.9M50xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0680%1h0.000004997+0.131%$636K$36.6M50xas long as short
ApeX Omni 1000PEPEUSDT+0.0730%1h0.000004999+0.171%$154K$813K25xas long as short
Nado kPEPE-PERP+0.0735%1h0.000004994+0.068%$164K$943K10xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0753%1h0.000004991+0.011%$71K$127K25xas long as short
BingX 1000PEPE-USDC+0.0762%8h0.000004992+0.027%$2.3Mas long as short
Extended 1000PEPE-USD+0.0784%1h0.000004994+0.068%$528K$277K25xas long as short
Aevo 1000PEPE-PERP+0.0784%1h0.000004996+0.111%$141K3xas long as short
MEXC PEPE_USDT+0.0785%8h0.000004989−0.025%$94.7M$301.8M300xas long as short
Binance 1000PEPEUSDT+0.0786%8h0.000004997+0.131%$140.1M$1.41B75xas long as short
Aster 1000PEPEUSDTshort+0.0837%8h0.000004994+0.065%$1.7M$11.2M50x
Kraken Futures PF_PEPEUSD+0.0855%1h0.000004992+0.034%$4.5M$16.8M50xas long as short
Hyperliquid kPEPE+0.0993%1h0.000004998+0.151%$52.6M$152.1M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1121% / S −0.2155%1h0.000004000−19.847%$63K100xas long as short
Injective PEPE/USDC PERP+0.1379%1h0.000004992+0.031%$3K$111K12xas long as short