Funding you earn now, next payment 03:00 UTC+0.1090%/8h= +119.4% APRpaid last 24h +0.109%
Price spread now: Lighter against Bitget+0.097%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 7 days−0.225%−$22 · spread now +0.097%, 7d avg +0.002%
=Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Lighter is 0.095% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.002%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.199% in total (about 10.4% 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 | Bitget PEPEUSDT | 0.000005039 | 0.0126 | pay 0.0126% / 8h | 5h 15m | $46.2M | $173.0M | 75x |
| Short | Lighter 1000PEPE | 0.000005044 | 0.1216 | get 0.0152% / 1h | 15m 19s | $668K | $8.1M | 10x |
Bitget PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $228.9
- Price spread: +0.097% → +0.002%
- $9.52
- Slippage, 4 orders
- −$15.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $210.61
- Costs to cover
- 0.278%
- Break-even
- 0.6 days
Slippage from Bitget: live order book, 4 min ago; Lighter: 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 Bitget live order book, 4 min ago | 1.20 bp | 9.4 bp −$9 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 2.99 bp | 4.6 bp −$5 | 13.8 bp −$138 | 41.8 bp −$4,180 | 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 | 0.000005035 | −0.072% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005030 | −0.173% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005043 | +0.077% | $64K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005034 | −0.093% | $97.8M | $340.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005035 | −0.081% | $164.7M | $75.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005039 | −0.002% | $25.9M | $63.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005042 | +0.048% | $687K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005013 | −0.525% | $27K | $445K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005043 | +0.071% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005044 | +0.101% | $573K | $3.6M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDTlong | +0.0126% | 8h | 0.000005039 | long leg | $46.2M | $173.0M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005038 | −0.018% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0318% | 8h | 0.000005040 | +0.018% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0341% | 8h | 0.000005039 | −0.002% | $45.8M | $589.3M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0346% | 1h | 0.000005037 | −0.042% | $71K | $124K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0460% | 8h | 0.000005032 | −0.141% | $4.3M | $25.1M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0559% | 1h | 0.000005038 | −0.022% | $2K | $12K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005038 | −0.022% | $927K | $31.5M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0576% | 1h | 0.000005011 | −0.558% | $99K | $755K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0605% | 8h | 0.000005036 | −0.060% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0624% / S −0.0996% | 1h | 0.000005000 | −0.776% | $49K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0637% | 8h | 0.000005035 | −0.081% | $95.8M | $290.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0640% | 8h | 0.000005037 | −0.042% | $140.8M | $1.21B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000005037 | −0.034% | $533K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000005003 | −0.716% | $141K | — | 3x | as long as short |
| Phemex u1000PEPEUSDT | +0.0737% | 8h | 0.000005049 | +0.191% | $2.4M | $7.1M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0737% | 8h | 0.000005044 | +0.093% | $1.8M | $9.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0785% | 1h | 0.000005039 | −0.003% | $184K | $871K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0805% | 8h | 0.000005040 | +0.027% | $6K | — | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005047 | +0.157% | $609 | $3K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005011 | −0.558% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0975% | 1h | 0.000005046 | +0.131% | $96K | $627K | 15x | as long as short |
| Lighter 1000PEPEshort | +0.1216% | 1h | 0.000005044 | +0.097% | $668K | $8.1M | 10x | |
| Kraken Futures PF_PEPEUSD | +0.1382% | 1h | 0.000005035 | −0.077% | $4.3M | $15.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1607% | 1h | 0.000005043 | +0.077% | $53.9M | $139.5M | 10x | as long as short |
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE