Funding you earn now, next payment 05:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h +0.094%
Price spread now: Lighter against Binance+0.020%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 7 days+0.145%+$15 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now +0.020%, 7d avg −0.012%
=Together, before fees+0.047%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.032% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment. 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 | Binance 1000PEPEUSDT | 0.000005146 | 0.0826 | pay 0.0826% / 8h | 3h 07m | $148.1M | $1.35B | 75x |
| Short | Lighter 1000PEPE | 0.000005147 | 0.1096 | get 0.0137% / 1h | 7m 51s | $634K | $8.9M | 10x |
Binance 1000PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $56.79
- Price spread: +0.020% → −0.012%
- $3.22
- Slippage, 4 orders
- −$19.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $30.71
- Costs to cover
- 0.293%
- Break-even
- 3.2 days
Slippage from Binance: live order book, 6 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 Binance live order book, 6 min ago | 0.48 bp | 8.0 bp −$8 | 12.9 bp −$129 | 36.8 bp −$3,677 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 4.79 bp | 9.5 bp −$10 | 16.1 bp −$161 | 45.1 bp −$4,509 | 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 | 0.000005146 | +0.002% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005142 | −0.081% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +3.518% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005151 | +0.098% | $65K | $164K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005142 | −0.079% | $104.2M | $387.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005143 | −0.058% | $169.7M | $89.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005144 | −0.037% | $25.8M | $68.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005209 | +1.216% | $661K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005220 | +1.443% | $29K | $534K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005155 | +0.183% | $1K | $2.6M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005143 | −0.058% | $577K | $4.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005149 | +0.050% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0334% | 8h | 0.000005147 | +0.022% | $49.4M | $192.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0404% | 8h | 0.000005145 | −0.013% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005144 | −0.038% | $49.1M | $672.0M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0487% | 1h | 0.000005149 | +0.059% | $2K | $10K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0525% | 8h | 0.000005141 | −0.091% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0528% | 1h | 0.000005145 | −0.019% | $73K | $127K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0550% | 8h | 0.000005168 | +0.428% | $4.8M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0702% | 8h | 0.000005150 | +0.072% | $2.4M | $7.7M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005152 | +0.117% | $703K | $36.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0778% | 8h | 0.000005146 | −0.003% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0819% | 1h | 0.000005224 | +1.516% | $161K | $809K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0824% | 1h | 0.000005147 | +0.011% | $544K | $242K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000005160 | +0.272% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0825% | 8h | 0.000005145 | −0.021% | $96.0M | $297.6M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0826% | 8h | 0.000005146 | long leg | $148.1M | $1.35B | 75x | |
| Nado kPEPE-PERP | +0.0890% | 1h | 0.000005143 | −0.053% | $177K | $924K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0909% | 8h | 0.000005143 | −0.051% | $1.8M | $10.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005142 | −0.077% | $620 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1005% / S −0.2036% | 1h | 0.000005000 | −2.837% | $63K | — | 100x | as long as short |
| Lighter 1000PEPEshort | +0.1096% | 1h | 0.000005147 | +0.020% | $634K | $8.9M | 10x | |
| Backpack kPEPE_USDC_PERP | +0.1130% | 1h | 0.000005149 | +0.051% | $67K | $724K | 15x | as long as short |
| Hyperliquid kPEPE | +0.1464% | 1h | 0.000005150 | +0.078% | $55.8M | $146.5M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1587% | 1h | 0.000005146 | −0.008% | $4.7M | $16.5M | 50x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
ApeX Omni 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD