Funding you earn now, next payment 04:00 UTC−0.0772%/8h= −84.5% APRpaid last 24h −0.126%
Price spread now: Bybit against Lighter−0.362%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days−0.251%−$25 on $10k
+Price spread, last 7 days+0.440%+$44 · spread now −0.362%, 7d avg −0.056%
=Together, before fees+0.188%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.306% cheaper against Lighter than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.251% in total (about -13.1% 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 | 0.000005223 | 0.0872 | pay 0.0109% / 1h | 27m 33s | $600K | $8.3M | 10x |
| Short | Bybit 1000PEPEUSDT | 0.000005204 | 0.0100 | get 0.0100% / 8h | 4h 27m | $101.6M | $354.4M | 50x |
Lighter 1000PEPE
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$162.12
- Price spread: −0.362% → −0.056%
- −$30.61
- Slippage, 4 orders
- −$26.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$230.13
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago | 5.81 bp | 6.3 bp −$6 | 23.4 bp −$234 | 50.1 bp −$5,012 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.96 bp | 12.4 bp −$12 | 21.1 bp −$211 | 43.7 bp −$4,368 | 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 | 0.000005213 | −0.190% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005200 | −0.444% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005222 | −0.019% | $66K | $144K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000005204 | −0.362% | $101.6M | $354.4M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005215 | −0.153% | $175.1M | $78.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005208 | −0.281% | $26.3M | $65.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005188 | −0.678% | $760K | $4.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005196 | −0.514% | $37K | $459K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005227 | +0.077% | $2K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005225 | +0.034% | $595K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005208 | −0.293% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0198% | 8h | 0.000005208 | −0.289% | $48.2M | $178.2M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | −0.957% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0345% | 8h | 0.000005225 | +0.038% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0378% | 8h | 0.000005207 | −0.306% | $48.7M | $628.3M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0499% | 8h | 0.000005230 | +0.134% | $4.3M | $26.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0535% | 8h | 0.000005225 | +0.031% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005226 | +0.057% | $995K | $33.5M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0684% | 8h | 0.000005216 | −0.136% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0728% | 1h | 0.000005224 | +0.019% | $148K | — | 3x | as long as short |
| Extended 1000PEPE-USD | +0.0736% | 1h | 0.000005211 | −0.226% | $553K | $226K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0738% | 8h | 0.000005209 | −0.272% | $99.4M | $290.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0738% | 8h | 0.000005210 | −0.257% | $149.9M | $1.25B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0771% / S −0.1552% | 1h | 0.000005000 | −4.270% | $64K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0817% | 8h | 0.000005213 | −0.190% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0826% | 1h | 0.000005211 | −0.230% | $194K | $897K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0834% | 1h | 0.000005220 | −0.057% | $104K | $743K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0854% | 8h | 0.000005220 | −0.065% | $1.9M | $9.5M | 50x | as long as short |
| Lighter 1000PEPElong | +0.0872% | 1h | 0.000005223 | long leg | $600K | $8.3M | 10x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0900% | 1h | 0.000005225 | +0.038% | $74K | $125K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0910% | 1h | 0.000005221 | −0.038% | $2K | $11K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1168% | 1h | 0.000005228 | +0.096% | $99K | $666K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.1168% | 1h | 0.000005213 | −0.191% | $629 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1246% | 1h | 0.000005226 | +0.059% | $4.7M | $15.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1592% | 1h | 0.000005214 | −0.172% | $56.2M | $141.7M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE