Funding you earn now, next payment 06:00 UTC−0.0704%/8h= −77.1% APRnext payment −$0.88 per $10,000 · paid last 24h −0.173%
Price spread now: dYdX against Lighter−0.255%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and dYdX is 0.255% cheaper against Lighter than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000PEPE | 0.000005021 | 0.0704 | pay 0.0088% / 1h | 35m 43s | $596K | $9.0M | 10x |
| Short | dYdX PEPE-USD | 0.000005008 | 0 | get 0.0000% / 1h | 35m 43s | $18K | $95 | 10x |
Lighter 1000PEPE
dYdX PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$147.84
- Price spread: −0.255% → 0.000%
- −$25.5
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$183.34
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 8 min ago; dYdX: no order-book sample. Net counts fees only.
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 | 4.97 bp | 5.0 bp −$5 | 13.5 bp −$135 | 44.0 bp −$4,399 | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-USDshort | 0.0000% | 1h | 0.000005008 | −0.255% | $18K | $95 | 10x | |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004994 | −0.530% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005015 | −0.119% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005011 | −0.201% | $98.9M | $403.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005011 | −0.199% | $161.8M | $93.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005005 | −0.323% | $25.1M | $70.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004997 | −0.483% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005003 | −0.359% | $28K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005006 | −0.303% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005000 | −0.428% | $560K | $4.1M | 75x | as long as short |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0150% | 1h | 0.000004996 | −0.498% | $71K | $127K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0153% | 1h | 0.000004997 | −0.478% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004998 | −0.467% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0339% | 8h | 0.000005016 | −0.092% | $45.2M | $209.6M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0407% | 8h | 0.000005001 | −0.392% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0418% | 8h | 0.000005014 | −0.139% | $46.1M | $683.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0539% | 8h | 0.000005009 | −0.243% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0546% | 8h | 0.000005020 | −0.020% | $4.4M | $27.9M | 75x | as long as short |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005010 | −0.219% | $604 | $3K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0650% | 8h | 0.000005003 | −0.357% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0658% | 1h | 0.000004997 | −0.476% | $73K | $830K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005014 | −0.139% | $637K | $36.8M | 50x | as long as short |
| Lighter 1000PEPElong | +0.0704% | 1h | 0.000005021 | long leg | $596K | $9.0M | 10x | |
| Nado kPEPE-PERP | +0.0747% | 1h | 0.000005002 | −0.372% | $165K | $941K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0770% | 8h | 0.000005006 | −0.309% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005004 | −0.339% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0803% | 8h | 0.000005014 | −0.133% | $96.5M | $300.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0804% | 8h | 0.000005013 | −0.161% | $141.3M | $1.40B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005007 | −0.277% | $530K | $277K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0832% | 1h | 0.000004993 | −0.558% | $153K | $813K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0855% | 1h | 0.000004994 | −0.536% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0862% | 8h | 0.000005011 | −0.200% | $1.8M | $11.1M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1033% | 1h | 0.000005021 | 0.000% | $52.9M | $151.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1083% / S −0.2019% | 1h | 0.000004000 | −20.335% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | +0.259% | $3K | $111K | 12x | as long as short |
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
01 Exchange kPEPEUSD
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP