Funding you earn now, next payment 01:00 UTC−0.0237%/8h= −26.0% APRpaid last 24h −0.034%
Price spread now: BloFin against Lighter−0.079%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 3 days (all we have)+0.115%+$12 · spread now −0.079%, 7d avg −0.045%
=Together, before fees+0.215%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.034% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.045%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.099%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% 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 | 0.000005078 | 0.0552 | pay 0.0069% / 1h | 9m 00s | $670K | $6.9M | 10x |
| Short | BloFin PEPE-USDT | 0.000005074 | 0.0315 | get 0.0315% / 8h | 7h 09m | $4.2M | $24.5M | 75x |
Lighter 1000PEPE
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$49.81
- Price spread: −0.079% → −0.045%
- −$3.41
- Slippage, 4 orders
- −$19.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$84.73
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; BloFin: 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 Lighter live order book, 4 min ago | 0.99 bp | 6.8 bp −$7 | 12.3 bp −$123 | 45.5 bp −$4,554 | doesn't fit |
| Sell BloFin live order book, 5 min ago | 4.94 bp | 10.9 bp −$11 | 13.4 bp −$134 | 34.6 bp −$3,465 | 100.0 bp −$50.0K |
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 | −0.0115% | 1h | 0.000005076 | −0.044% | $4.0M | $14.3M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005055 | −0.460% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005076 | −0.032% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005057 | −0.414% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005065 | −0.250% | $95.5M | $310.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005069 | −0.177% | $162.9M | $68.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005070 | −0.148% | $25.8M | $57.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005072 | −0.122% | $45.2M | $155.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005026 | −1.031% | $588K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005026 | −1.025% | $52K | $379K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | 0.000005089 | +0.209% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005077 | −0.020% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005085 | +0.132% | $569K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005070 | −0.148% | $2.4M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005083 | +0.089% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0193% | 8h | 0.000005071 | −0.138% | $45.1M | $548.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0236% | 1h | 0.000005028 | −0.985% | $110K | $753K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0274% | 8h | 0.000005074 | −0.081% | $31K | $17K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0279% | 8h | 0.000005079 | +0.017% | $6K | $16 | 20x | as long as short |
| BloFin PEPE-USDTshort | +0.0315% | 8h | 0.000005074 | −0.079% | $4.2M | $24.5M | 75x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005081 | +0.059% | $604K | $28.3M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0459% | 8h | 0.000005070 | −0.154% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0472% | 1h | 0.000005075 | −0.069% | $558K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0472% | 1h | 0.000005073 | −0.098% | $143K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0475% | 8h | 0.000005070 | −0.160% | $100.1M | $291.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0476% | 8h | 0.000005070 | −0.155% | $140.6M | $1.12B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0495% / S −0.0835% | 1h | 0.000005000 | −1.536% | $48K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0530% | 8h | 0.000005077 | −0.015% | $1.5M | $7.5M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0538% | 1h | 0.000005078 | 0.000% | $62K | $114K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0541% | 1h | 0.000005090 | +0.227% | $191K | $861K | 10x | as long as short |
| Lighter 1000PEPElong | +0.0552% | 1h | 0.000005078 | long leg | $670K | $6.9M | 10x | |
| 01 Exchange kPEPEUSD | +0.0632% | 1h | 0.000005089 | +0.217% | $1K | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005063 | −0.295% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0638% | 1h | 0.000005074 | −0.075% | $96K | $601K | 15x | as long as short |
| Hyperliquid kPEPE | +0.2109% | 1h | 0.000005095 | +0.335% | $56.6M | $132.4M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE