Funding you earn now, next payment 00:00 UTC+0.0258%/8h= +28.2% APRnext payment +$0.32 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against Hyperliquid+0.168%7-day average −0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days−0.283%−$28 on $10k
+Price spread, last 7 days−0.452%−$45 · spread now +0.168%, 7d avg −0.083%
=Together, before fees−0.735%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$74 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 0.251% dearer against Hyperliquid than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.083%. Mind the row above: over the last 7 days funding on this pair cost −0.283%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kPEPE | 0.000004761 | −0.0130 | get 0.0016% / 1h | 32m 57s | $65.6M | $92.5M | 10x |
| Short | Lighter 1000PEPE | 0.000004769 | 0.0128 | get 0.0016% / 1h | 32m 57s | $600K | $6.4M | 10x |
Hyperliquid kPEPE
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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
- $54.1
- Price spread: +0.168% → −0.083%
- $25.14
- Slippage, 4 orders
- −$23
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $47.25
- Costs to cover
- 0.320%
- Break-even
- 0.9 days
Slippage from Hyperliquid: live order book, 11 min ago; Lighter: live order book, 5 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 Hyperliquid live order book, 11 min ago | 2.08 bp | 6.6 bp −$7 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 5.22 bp | 11.6 bp −$12 | 20.5 bp −$205 | 48.5 bp −$4,845 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPElong | −0.0130% | 1h | 0.000004761 | long leg | $65.6M | $92.5M | 10x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004767 | +0.131% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004767 | +0.130% | $13K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004768 | +0.140% | $3.8M | $13.7M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004769 | +0.168% | $59K | $116K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004766 | +0.105% | $85.7M | $289.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004765 | +0.084% | $149.5M | $64.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004768 | +0.139% | $24.3M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004767 | +0.134% | $42.1M | $150.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004776 | +0.314% | $585K | $4.1M | — | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004782 | +0.440% | $26K | $350K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004763 | +0.042% | $99K | $760K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004780 | +0.403% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004771 | +0.210% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004770 | +0.187% | $540K | $3.5M | 75x | as long as short |
| Lighter 1000PEPEshort | +0.0128% | 1h | 0.000004769 | +0.168% | $600K | $6.4M | 10x | |
| Paradex kPEPE-USD-PERP | +0.0187% | 8h | 0.000004767 | +0.118% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004770 | +0.187% | $7K | — | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0189% | 8h | 0.000004763 | +0.034% | $2.3M | $6.4M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0204% | 8h | 0.000004770 | +0.189% | $41.4M | $495.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0256% | 1h | 0.000004776 | +0.315% | $547 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004770 | +0.189% | $3.9M | $22.2M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0376% / S −0.0336% | 1h | 0.000004000 | −15.984% | $47K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0396% | 8h | 0.000004770 | +0.193% | $30K | $12K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004773 | +0.252% | $574K | $25.6M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004775 | +0.294% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0479% | 1h | 0.000004769 | +0.162% | $90K | $601K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0589% | 1h | 0.000004771 | +0.210% | $77K | $98K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0629% | 8h | 0.000004770 | +0.179% | $130.8M | $1.06B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0632% | 1h | 0.000004767 | +0.127% | $524K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0632% | 1h | 0.000004774 | +0.273% | $135K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0632% | 8h | 0.000004766 | +0.097% | $1.5M | $7.3M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0634% | 8h | 0.000004765 | +0.082% | $91.5M | $280.9M | 300x | as long as short |
| BingX 1000PEPE-USDC | +0.0637% | 8h | 0.000004764 | +0.074% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0717% | 1h | 0.000004776 | +0.315% | $183K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
MEXC PEPE_USDT
BingX 1000PEPE-USDC
Nado kPEPE-PERP