Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.107%
Price spread now: Lighter against Bybit+0.084%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 7 days−0.185%−$19 · spread now +0.084%, 7d avg +0.051%
=Together, before fees+0.023%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.032% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000PEPEUSDT | 0.000004789 | 0.0100 | pay 0.0100% / 8h | 1h 09m | $87.0M | $283.2M | 50x |
| Short | Lighter 1000PEPE | 0.000004793 | 0.0096 | get 0.0012% / 1h | 9m 33s | $668K | $6.0M | 10x |
Bybit 1000PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$0.84
- Price spread: +0.084% → +0.051%
- $3.22
- Slippage, 4 orders
- −$21.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.65
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Lighter: live order book, 9 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 Bybit live order book, 5 min ago | 1.04 bp | 10.2 bp −$10 | 13.1 bp −$131 | 32.6 bp −$3,262 | doesn't fit |
| Sell Lighter live order book, 9 min ago | 4.18 bp | 4.2 bp −$4 | 12.2 bp −$122 | 37.4 bp −$3,737 | 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 | 0.000004789 | −0.009% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004789 | +0.010% | $14K | — | 150x | as long as short |
| Lighter 1000PEPEshort | +0.0096% | 1h | 0.000004793 | +0.084% | $668K | $6.0M | 10x | |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004789 | 0.000% | $62.9M | $83.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004792 | +0.063% | $59K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000004789 | long leg | $87.0M | $283.2M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004789 | 0.000% | $150.5M | $63.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004790 | +0.025% | $24.7M | $54.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004794 | +0.101% | $543K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004796 | +0.140% | $28K | $344K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
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 | 0.000004796 | +0.136% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004796 | +0.146% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004792 | +0.067% | $540K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0110% | 8h | 0.000004789 | +0.006% | $42.1M | $148.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004789 | −0.003% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0219% | 8h | 0.000004790 | +0.021% | $41.4M | $491.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0268% | 8h | 0.000004793 | +0.094% | $5K | $16 | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0328% / S −0.0354% | 1h | 0.000004000 | −16.475% | $43K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0338% | 8h | 0.000004795 | +0.125% | $3.9M | $22.1M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0342% | 8h | 0.000004794 | +0.098% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0400% | 1h | 0.000004794 | +0.104% | $549 | $2K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0447% | 1h | 0.000004792 | +0.063% | $101K | $763K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004796 | +0.146% | $582K | $25.5M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0450% | 8h | 0.000004794 | +0.104% | $29K | $11K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0544% | 1h | 0.000004794 | +0.102% | $91K | $615K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0585% | 1h | 0.000004794 | +0.104% | $81K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0726% | 8h | 0.000004792 | +0.058% | — | $256.4M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0745% | 8h | 0.000004791 | +0.035% | $130.3M | $1.04B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0750% | 8h | 0.000004792 | +0.061% | $91.4M | $285.9M | 300x | as long as short |
| Nado kPEPE-PERP | +0.0750% | 1h | 0.000004791 | +0.052% | $184K | $845K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000004790 | +0.023% | $526K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000004795 | +0.125% | $136K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000004792 | +0.066% | $1.5M | $7.2M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004814 | +0.522% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1330% | 1h | 0.000004795 | +0.115% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Nado kPEPE-PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD