PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1560%/8h= +170.8% APRnext payment +$1.95 per $10,000 · paid last 24h +0.117%

Price spread now: Lighter against dYdX+0.464%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Lighter is 0.464% dearer against dYdX than usual: you sell high and buy low: +$46 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PEPE-USD	0.000005051	0	get 0.0000% / 1h	23m 59s	$19K	$95	10x
Short	Lighter 1000PEPE	0.000005074	0.1560	get 0.0195% / 1h	23m 59s	$1.1M	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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

Position, each leg$Hold fordaysFee dYdXbpFee LighterbpOrdersPrice spread, now +0.464%Rate

Funding earned: $327.6
Price spread: +0.464% → 0.000%: $46.39
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $363.99
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	6.89 bp	10.2 bp −$10	21.8 bp −$218	52.8 bp −$5,282	doesn't fit

dYdX: 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 34 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-USDlong	0.0000%	1h	0.000005051	long leg	$19K	$95	10x
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005043	−0.156%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005058	+0.147%	$61K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005052	+0.028%	$97.9M	$323.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005060	+0.187%	$161.5M	$70.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005051	−0.001%	$25.1M	$60.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005056	+0.109%	$46.8M	$160.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005092	+0.814%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005086	+0.700%	$34K	$413K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005056	+0.102%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005060	+0.189%	$570K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005053	+0.049%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0231%	8h	0.000005055	+0.088%	$45.1M	$567.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0278%	8h	0.000005053	+0.048%	$33K	$23K	20x	as long as short
Phemex u1000PEPEUSDT	+0.0319%	8h	0.000005067	+0.321%	$2.4M	$7.0M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0321%	1h	0.000005065	+0.286%	$107K	$746K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005056	+0.107%	$712K	$29.6M	50x	as long as short
BingX 1000PEPE-USDT	+0.0491%	8h	0.000005061	+0.203%	—	$259.0M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0511% / S −0.0537%	1h	0.000005000	−1.001%	$56K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0520%	1h	0.000005056	+0.108%	$557K	$199K	25x	as long as short
Binance 1000PEPEUSDT	+0.0523%	8h	0.000005059	+0.167%	$142.9M	$1.17B	75x	as long as short
MEXC PEPE_USDT	+0.0526%	8h	0.000005065	+0.290%	$94.9M	$290.7M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	0.000005059	+0.167%	$143K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0542%	1h	0.000005055	+0.088%	$61K	$114K	25x	as long as short
Paradex kPEPE-USD-PERP	+0.0547%	8h	0.000005051	+0.004%	$6K	$16	20x	as long as short
SoDEX 1000PEPE-USD	+0.0554%	1h	0.000005056	+0.107%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0618%	8h	0.000005060	+0.187%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0635%	1h	0.000005052	+0.021%	$181K	$881K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0823%	1h	0.000005061	+0.202%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+0.939%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0927%	1h	0.000005063	+0.256%	$101K	$617K	15x	as long as short
01 Exchange kPEPEUSD	+0.0976%	1h	0.000005059	+0.167%	$1K	$2K	10x	as long as short
Lighter 1000PEPEshort	+0.1560%	1h	0.000005074	+0.464%	$1.1M	$7.4M	10x
Hyperliquid kPEPE	+0.2212%	1h	0.000005072	+0.424%	$56.0M	$135.8M	10x	as long as short