Funding you earn now, next payment 01:00 UTC+0.0245%/8h= +26.8% APRnext payment +$0.31 per $10,000 · paid last 24h −0.050%
Price spread now: ApeX Omni against Lighter0.000%48s7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 3 days (all we have)+0.026%+$3 · spread now 0.000%, 7d avg −0.060%
=Together, before fees−0.061%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and ApeX Omni is 0.060% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 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 | 0.000004900 | 0.0192 | pay 0.0024% / 1h | 38m 27s | $573K | $6.7M | 10x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000004900 | 0.0437 | get 0.0055% / 1h | 38m 27s | $101K | $754K | 25x |
Lighter 1000PEPE
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $51.41
- Price spread: 0.000% → −0.060%
- $6.01
- Slippage, 4 orders
- −$32.35
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $15.06
- Costs to cover
- 0.424%
- Break-even
- 4.9 days
Slippage from Lighter: live order book, 5 min ago; ApeX Omni: live order book, 35 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, 5 min ago | 5.11 bp | 8.4 bp −$8 | 15.4 bp −$154 | 33.8 bp −$3,382 | doesn't fit |
| Sell ApeX Omni live order book, 35 min ago | 4.34 bp | 14.1 bp −$14 | 80.1 bp −$801 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0120% | 1h | 0.000004889 | −0.222% | $3.9M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004897 | −0.057% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004902 | +0.033% | $15K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004910 | +0.204% | $59.2M | $112.6M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004901 | +0.020% | $57K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004903 | +0.061% | $90.0M | $300.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004902 | +0.041% | $156.2M | $65.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004905 | +0.100% | $24.9M | $55.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004904 | +0.080% | $43.0M | $151.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004891 | −0.189% | $572K | $4.3M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
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 | 0.000004898 | −0.048% | $26K | $351K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004897 | −0.059% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004889 | −0.224% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004905 | +0.096% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004882 | −0.365% | $2.3M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0187% | 8h | 0.000004907 | +0.143% | $43.1M | $518.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004902 | +0.050% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0192% | 8h | 0.000004906 | +0.119% | $5K | $16 | 20x | as long as short |
| Lighter 1000PEPElong | +0.0192% | 1h | 0.000004900 | long leg | $573K | $6.7M | 10x | |
| Orderly PERP_1000PEPE_USDC | +0.0301% | 8h | 0.000004903 | +0.061% | $30K | $13K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0309% | 8h | 0.000004889 | −0.224% | $4.0M | $23.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004889 | −0.224% | $544K | $26.5M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0424% | 1h | 0.000004902 | +0.032% | $187K | $850K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0437% | 1h | 0.000004900 | 0.000% | $101K | $754K | 25x | |
| 01 Exchange kPEPEUSD | +0.0440% | 1h | 0.000004900 | 0.000% | $1K | $2K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0457% / S −0.0681% | 1h | 0.000004000 | −18.367% | $46K | — | 100x | as long as short |
| BingX 1000PEPE-USDT | +0.0496% | 8h | 0.000004904 | +0.078% | — | $256.9M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0509% | 8h | 0.000004903 | +0.054% | $137.4M | $1.09B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0512% | 1h | 0.000004905 | +0.110% | $538K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0512% | 1h | 0.000004908 | +0.163% | $139K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0514% | 8h | 0.000004903 | +0.051% | $96.8M | $282.2M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0531% | 8h | 0.000004909 | +0.190% | $1.5M | $7.5M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0569% | 1h | 0.000004890 | −0.204% | $73K | $103K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0572% | 1h | 0.000004894 | −0.129% | $93K | $600K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004908 | +0.163% | $4K | $102K | 12x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP