Funding you earn now, next payment 23:00 UTC+0.0736%/8h= +80.6% APRnext payment +$0.92 per $10,000 · paid last 24h −0.043%
Price spread now: Aevo against Lighter+0.021%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4,666as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4,650as in the Price arb table
costs, in and out, $10k−$4,65746.569% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 3 days (all we have)+0.178%+$18 · spread now +0.021%, 7d avg −0.053%
=Together, before fees+0.090%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Aevo is 0.073% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.053%. Mind the row above: over the last 7 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.92 per $10,000. 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 | Lighter 1000PEPE | 0.000004846 | 0.0096 | pay 0.0012% / 1h | 35m 28s | $597K | $5.5M | 10x |
| Short | Aevo 1000PEPE-PERP | 0.000004847 | 0.0832 | get 0.0104% / 1h | 35m 28s | $137K | — | 3x |
Lighter 1000PEPE
Aevo 1000PEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Lighter. 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
- $154.56
- Price spread: +0.021% → −0.053%
- $7.33
- Slippage, 4 orders
- −$4,640.92
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$4,495.03
- Costs to cover
- 46.569%
- Break-even
- 210.6 days
Slippage from Lighter: live order book, 3 min ago; Aevo: live order book, 48 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 Lighter live order book, 3 min ago | 4.12 bp | 4.1 bp −$4 | 12.2 bp −$122 | 50.2 bp −$5,016 | doesn't fit |
| Sell Aevo live order book, 48 min ago | 408.35 bp | 2936.7 bp −$2,937 | doesn't fit | doesn't fit | 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 | 0.000004838 | −0.157% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004841 | −0.109% | $14K | — | 150x | as long as short |
| Lighter 1000PEPElong | +0.0096% | 1h | 0.000004846 | long leg | $597K | $5.5M | 10x | |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004843 | −0.062% | $62.0M | $78.3M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004843 | −0.062% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004843 | −0.062% | $87.6M | $279.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004842 | −0.083% | $151.6M | $62.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004846 | +0.004% | $24.9M | $53.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004851 | +0.102% | $581K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004858 | +0.243% | $27K | $343K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000004862 | +0.328% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004848 | +0.041% | $2K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004850 | +0.085% | $549K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0155% | 8h | 0.000004844 | −0.045% | $42.7M | $151.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004847 | +0.014% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0203% | 8h | 0.000004844 | −0.041% | $41.9M | $493.6M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0213% / S −0.0093% | 1h | 0.000004000 | −17.458% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0323% | 8h | 0.000004858 | +0.248% | $3.9M | $22.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0379% | 8h | 0.000004844 | −0.045% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0407% | 8h | 0.000004842 | −0.076% | $2.3M | $6.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0444% | 8h | 0.000004844 | −0.031% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004853 | +0.144% | $616K | $25.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0472% | 1h | 0.000004849 | +0.062% | $555 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0575% | 1h | 0.000004850 | +0.083% | $82K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0619% | 1h | 0.000004844 | −0.047% | $91K | $614K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0730% | 1h | 0.000004845 | −0.027% | $186K | $854K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0808% | 8h | 0.000004845 | −0.014% | — | $256.1M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0832% | 8h | 0.000004846 | +0.006% | $130.6M | $1.03B | 75x | as long as short |
| Aevo 1000PEPE-PERPshort | +0.0832% | 1h | 0.000004847 | +0.021% | $137K | — | 3x | |
| MEXC PEPE_USDT | +0.0836% | 8h | 0.000004845 | −0.017% | $92.2M | $283.6M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0840% | 1h | 0.000004847 | +0.028% | $532K | $148K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0841% | 1h | 0.000004868 | +0.454% | $104K | $764K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0860% | 8h | 0.000004844 | −0.035% | $1.5M | $7.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004852 | +0.124% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1316% | 1h | 0.000004845 | −0.013% | $4.0M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD