Funding you earn now, next payment 08:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h +0.047%
Price spread now: Lighter against Extended+0.159%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$360.357% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.159%, 7d avg +0.082%
=Together, before fees+0.063%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.077% dearer against Extended than usual: you sell high and buy low (spread +0.159% now, against its 7-day average of +0.082%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended 1000PEPE-USD | 0.000005133 | 0.0696 | pay 0.0087% / 1h | 59m 47s | $539K | $276K | 25x |
| Short | Lighter 1000PEPE | 0.000005141 | 0.0536 | get 0.0067% / 1h | 59m 47s | $617K | $9.1M | 10x |
Extended 1000PEPE-USD
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$33.6
- Price spread: +0.159% → +0.082%
- $7.68
- Slippage, 4 orders
- −$30.71
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$61.63
- Costs to cover
- 0.357%
- Break-even
- never at this rate
Slippage from Extended: live order book, 38 min ago; Lighter: live order book, 4 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 Extended live order book, 38 min ago | 3.88 bp | 8.4 bp −$8 | 44.6 bp −$446 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 4.86 bp | 8.5 bp −$8 | 17.3 bp −$173 | 49.8 bp −$4,978 | 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 | 0.000005133 | −0.001% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005131 | −0.038% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005138 | +0.100% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005137 | +0.081% | $99.5M | $432.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005131 | −0.036% | $162.7M | $100.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005140 | +0.136% | $625K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005134 | +0.015% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005144 | +0.213% | $2K | $2.7M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005139 | +0.120% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005136 | +0.071% | $601K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0143% | 8h | 0.000005133 | −0.001% | $27.0M | $74.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005134 | +0.025% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0238% | 8h | 0.000005136 | +0.054% | $46.1M | $221.2M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0257% | 1h | 0.000005122 | −0.211% | $149K | $836K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0352% | 8h | 0.000005137 | +0.081% | $47.2M | $748.6M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005134 | +0.023% | $8K | $121K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0420% | 8h | 0.000005139 | +0.120% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0444% | 8h | 0.000005137 | +0.073% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0454% | 8h | 0.000005144 | +0.212% | $2.4M | $8.1M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0470% | 1h | 0.000005137 | +0.087% | $78K | $892K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0472% | 8h | 0.000005137 | +0.081% | $4.5M | $30.4M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0529% | 1h | 0.000005139 | +0.120% | $73K | $128K | 25x | as long as short |
| Lighter 1000PEPEshort | +0.0536% | 1h | 0.000005141 | +0.159% | $617K | $9.1M | 10x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005140 | +0.139% | $682K | $39.9M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0675% | 8h | 0.000005131 | −0.034% | — | $2.3M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005138 | +0.100% | $620 | $2K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0695% | 8h | 0.000005139 | +0.110% | $141.9M | $1.50B | 75x | as long as short |
| Extended 1000PEPE-USDlong | +0.0696% | 1h | 0.000005133 | long leg | $539K | $276K | 25x | |
| MEXC PEPE_USDT | +0.0696% | 8h | 0.000005135 | +0.036% | $100.8M | $310.5M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0696% | 1h | 0.000005141 | +0.159% | $145K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0706% | 8h | 0.000005141 | +0.163% | $1.7M | $11.9M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0714% | 1h | 0.000005138 | +0.096% | $4.8M | $16.7M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0724% | 1h | 0.000005135 | +0.052% | $164K | $960K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0864% | 1h | 0.000005141 | +0.159% | $53.3M | $159.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1020% / S −0.1217% | 1h | 0.000005000 | −2.588% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
01 Exchange kPEPEUSD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Nado kPEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]