Funding you earn now, next payment 03:00 UTC−0.1090%/8h= −119.4% APRpaid last 24h −0.109%
Price spread now: Bitget against Lighter−0.034%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 7 days+0.161%+$16 · spread now −0.034%, 7d avg −0.002%
=Together, before fees−0.038%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Bitget is 0.032% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.199% in total (about -10.4% a year). A funding rate is set anew for every payment. 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 | 0.000005044 | 0.1216 | pay 0.0152% / 1h | 15m 46s | $668K | $8.1M | 10x |
| Short | Bitget PEPEUSDT | 0.000005042 | 0.0126 | get 0.0126% / 8h | 5h 15m | $46.2M | $173.0M | 75x |
Lighter 1000PEPE
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$228.9
- Price spread: −0.034% → −0.002%
- −$3.16
- Slippage, 4 orders
- −$15.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$259.67
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Bitget: live order book, 3 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, 8 min ago | 1.99 bp | 5.9 bp −$6 | 20.0 bp −$200 | 49.9 bp −$4,987 | doesn't fit |
| Sell Bitget live order book, 3 min ago | 1.20 bp | 9.2 bp −$9 | 12.7 bp −$127 | 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 | 0.000005035 | −0.169% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005039 | −0.093% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005043 | −0.020% | $64K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005039 | −0.093% | $97.9M | $339.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005042 | −0.040% | $164.9M | $75.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005040 | −0.073% | $25.9M | $63.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005042 | −0.049% | $687K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005023 | −0.426% | $27K | $445K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005056 | +0.234% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005044 | +0.004% | $573K | $3.6M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDTshort | +0.0126% | 8h | 0.000005042 | −0.034% | $46.2M | $173.0M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005039 | −0.098% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0317% | 8h | 0.000005041 | −0.067% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0339% | 8h | 0.000005042 | −0.040% | $45.8M | $589.6M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0460% | 8h | 0.000005032 | −0.238% | $4.3M | $25.1M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0561% | 1h | 0.000005044 | 0.000% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0563% | 1h | 0.000005028 | −0.317% | $99K | $755K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005051 | +0.139% | $933K | $31.6M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0605% | 8h | 0.000005042 | −0.044% | — | $261.2M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0622% / S −0.0992% | 1h | 0.000005000 | −0.872% | $49K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0637% | 8h | 0.000005043 | −0.028% | $95.9M | $290.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0640% | 8h | 0.000005043 | −0.012% | $141.0M | $1.21B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000005041 | −0.069% | $533K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000005043 | −0.020% | $143K | — | 3x | as long as short |
| Phemex u1000PEPEUSDT | +0.0737% | 8h | 0.000005049 | +0.093% | $2.4M | $7.1M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0737% | 8h | 0.000005042 | −0.032% | $1.8M | $9.2M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0742% | 1h | 0.000005044 | 0.000% | $71K | $124K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0792% | 1h | 0.000005036 | −0.153% | $184K | $871K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0805% | 8h | 0.000005040 | −0.070% | $6K | — | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005045 | +0.020% | $609 | $3K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.209% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0975% | 1h | 0.000005046 | +0.034% | $96K | $627K | 15x | as long as short |
| Lighter 1000PEPElong | +0.1216% | 1h | 0.000005044 | long leg | $668K | $8.1M | 10x | |
| Kraken Futures PF_PEPEUSD | +0.1380% | 1h | 0.000005041 | −0.051% | $4.3M | $15.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1608% | 1h | 0.000005050 | +0.119% | $54.0M | $139.5M | 10x | as long as short |
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE