PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0977%/8h= −107.0% APRnext payment −$1.22 per $10,000 · paid last 24h −0.160%

Price spread now: gTrade (Gains Network) against Lighter+0.152%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.152% dearer against Lighter than usual: you sell high and buy low (spread +0.152% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000PEPE	0.000005328	0.0984	pay 0.0123% / 1h	52m 27s	$614K	$8.5M	10x
Short	gTrade (Gains Network) PEPE/USD	0.000005336	L +0.0006% / S −0.0007%	get 0.0001% / 1h	52m 27s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.152%Rate

Funding earned: −$205.21
Price spread: +0.152% → 0.000%: $15.2
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$200.01
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: live order book, 6 min ago; gTrade (Gains Network): 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, 6 min ago	6.63 bp	9.8 bp −$10	18.1 bp −$181	44.9 bp −$4,495	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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-USD	0.0000%	1h	0.000005330	+0.029%	$20K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDshort	L +0.0006% / S −0.0007%	1h	0.000005336	+0.152%	$4K	—	150x
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005258	−1.314%	$3K	$110K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005331	+0.056%	$70K	$152K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005335	+0.139%	$104.0M	$368.4M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005328	0.000%	$175.3M	$85.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005341	+0.242%	$26.9M	$67.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005279	−0.928%	$747K	$5.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005275	−0.999%	$38K	$491K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005338	+0.182%	$1K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005342	+0.265%	$618K	$3.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005336	+0.149%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0247%	8h	0.000005339	+0.214%	$49.2M	$183.8M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0375%	8h	0.000005335	+0.130%	$36K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0409%	8h	0.000005344	+0.300%	$52.1M	$673.0M	50x	as long as short
BloFin PEPE-USDT	+0.0527%	8h	0.000005323	−0.094%	$4.6M	$27.9M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0589%	8h	0.000005329	+0.011%	$2.6M	$7.4M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005337	+0.169%	$758K	$36.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0742%	8h	0.000005345	+0.315%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0792%	1h	0.000005341	+0.247%	$566K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000005334	+0.113%	$151K	—	3x	as long as short
MEXC PEPE_USDT	+0.0794%	8h	0.000005340	+0.233%	$103.9M	$291.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0794%	8h	0.000005346	+0.340%	$155.9M	$1.30B	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0799%	8h	0.000005331	+0.063%	$6K	—	20x	as long as short
Nado kPEPE-PERP	+0.0847%	1h	0.000005343	+0.284%	$190K	$913K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0876% / S −0.1728%	1h	0.000005000	−6.156%	$65K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0911%	1h	0.000005332	+0.075%	$2K	$10K	10x	as long as short
Aster 1000PEPEUSDT	+0.0921%	8h	0.000005332	+0.075%	$1.9M	$9.8M	50x	as long as short
Lighter 1000PEPElong	+0.0984%	1h	0.000005328	long leg	$614K	$8.5M	10x
Deribit 1000PEPE_USDC-PERPETUAL	+0.1065%	1h	0.000005332	+0.075%	$76K	$126K	25x	as long as short
01 Exchange kPEPEUSD	+0.1336%	1h	0.000005359	+0.582%	$646	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1419%	1h	0.000005329	+0.013%	$74K	$720K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1530%	1h	0.000005335	+0.130%	$4.9M	$16.2M	50x	as long as short
Hyperliquid kPEPE	+0.1713%	1h	0.000005348	+0.375%	$58.3M	$143.9M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1840%	1h	0.000005272	−1.051%	$174K	$798K	25x	as long as short