Funding you earn now, next payment 23:00 UTC−0.0613%/8h= −67.1% APRnext payment −$0.77 per $10,000 · paid last 24h +0.059%
Price spread now: Lighter against ApeX Omni−0.351%48s7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)+0.266%+$27 · spread now −0.351%, 7d avg +0.064%
=Together, before fees+0.356%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Lighter is 0.415% cheaper against ApeX Omni than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.064%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.77 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 | ApeX Omni 1000PEPEUSDT | 0.000004846 | 0.0709 | pay 0.0089% / 1h | 32m 32s | $103K | $764K | 25x |
| Short | Lighter 1000PEPE | 0.000004829 | 0.0096 | get 0.0012% / 1h | 32m 32s | $579K | $5.5M | 10x |
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- −$128.69
- Price spread: −0.351% → +0.064%
- −$41.49
- Slippage, 4 orders
- −$24.32
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$204.5
- Costs to cover
- 0.343%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 51 min ago; Lighter: live order book, 6 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 ApeX Omni live order book, 51 min ago | 4.63 bp | 11.9 bp −$12 | 62.5 bp −$625 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 4.12 bp | 6.3 bp −$6 | 20.4 bp −$204 | 61.5 bp −$6,148 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004823 | −0.467% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004824 | −0.458% | $14K | — | 150x | as long as short |
| Lighter 1000PEPEshort | +0.0096% | 1h | 0.000004829 | −0.351% | $579K | $5.5M | 10x | |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004824 | −0.454% | $62.0M | $78.8M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004827 | −0.392% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004816 | −0.619% | $87.1M | $280.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004822 | −0.495% | $150.8M | $62.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004824 | −0.446% | $24.7M | $53.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004851 | +0.102% | $581K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004847 | +0.023% | $27K | $344K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004834 | −0.246% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004830 | −0.330% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004837 | −0.192% | $547K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0150% | 8h | 0.000004818 | −0.582% | $42.4M | $151.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004820 | −0.544% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0204% | 8h | 0.000004818 | −0.578% | $41.8M | $491.4M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0213% / S −0.0092% | 1h | 0.000004000 | −17.458% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004829 | −0.351% | $3.9M | $22.2M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0364% | 8h | 0.000004827 | −0.390% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0403% | 8h | 0.000004823 | −0.481% | $2.3M | $6.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0445% | 8h | 0.000004830 | −0.328% | $30K | $11K | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0448% | 1h | 0.000004823 | −0.475% | $552 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004835 | −0.227% | $590K | $25.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0579% | 1h | 0.000004830 | −0.330% | $82K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0593% | 1h | 0.000004830 | −0.330% | $92K | $615K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDTlong | +0.0709% | 1h | 0.000004846 | long leg | $103K | $764K | 25x | |
| Nado kPEPE-PERP | +0.0741% | 1h | 0.000004820 | −0.533% | $185K | $855K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0808% | 8h | 0.000004823 | −0.466% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0821% | 8h | 0.000004825 | −0.440% | $91.4M | $283.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0821% | 8h | 0.000004820 | −0.533% | $130.5M | $1.03B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0824% | 1h | 0.000004823 | −0.470% | $532K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000004832 | −0.289% | $137K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0848% | 8h | 0.000004823 | −0.478% | $1.5M | $7.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004822 | −0.495% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1321% | 1h | 0.000004828 | −0.371% | $4.0M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD