Funding you earn now, next payment 00:00 UTC−0.0258%/8h= −28.3% APRnext payment −$0.32 per $10,000 · paid last 24h 0.000%
Price spread now: Hyperliquid against Lighter−0.063%7-day average +0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days+0.283%+$28 on $10k
+Price spread, last 7 days+0.347%+$35 · spread now −0.063%, 7d avg +0.083%
=Together, before fees+0.630%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$63 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Hyperliquid is 0.146% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.083%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.283%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000PEPE | 0.000004769 | 0.0128 | pay 0.0016% / 1h | 33m 15s | $600K | $6.4M | 10x |
| Short | Hyperliquid kPEPE | 0.000004766 | −0.0130 | pay 0.0016% / 1h | 33m 15s | $65.7M | $92.4M | 10x |
Lighter 1000PEPE
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$54.24
- Price spread: −0.063% → +0.083%
- −$14.63
- Slippage, 4 orders
- −$23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$100.87
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Hyperliquid: live order book, 10 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, 5 min ago | 5.22 bp | 5.2 bp −$5 | 13.4 bp −$134 | 41.8 bp −$4,180 | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 2.08 bp | 8.6 bp −$9 | 12.8 bp −$128 | 20.1 bp −$2,005 | 32.1 bp −$16.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPEshort | −0.0130% | 1h | 0.000004766 | −0.063% | $65.7M | $92.4M | 10x | |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004767 | −0.037% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004767 | −0.038% | $13K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004768 | −0.028% | $3.8M | $13.7M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004769 | 0.000% | $59K | $116K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004768 | −0.021% | $85.8M | $289.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004769 | 0.000% | $149.7M | $64.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004774 | +0.096% | $24.3M | $54.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004769 | +0.010% | $42.1M | $150.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004776 | +0.146% | $585K | $4.1M | — | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004782 | +0.271% | $26K | $350K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004763 | −0.126% | $99K | $760K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004780 | +0.235% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004771 | +0.042% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004770 | +0.019% | $540K | $3.5M | 75x | as long as short |
| Lighter 1000PEPElong | +0.0128% | 1h | 0.000004769 | long leg | $600K | $6.4M | 10x | |
| Paradex kPEPE-USD-PERP | +0.0187% | 8h | 0.000004767 | −0.050% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004770 | +0.019% | $7K | — | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0189% | 8h | 0.000004763 | −0.134% | $2.3M | $6.4M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0204% | 8h | 0.000004772 | +0.063% | $41.4M | $495.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0256% | 1h | 0.000004776 | +0.147% | $547 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004770 | +0.021% | $3.9M | $22.2M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0376% / S −0.0336% | 1h | 0.000004000 | −16.125% | $47K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0396% | 8h | 0.000004770 | +0.025% | $30K | $12K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004773 | +0.084% | $574K | $25.6M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004775 | +0.126% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0447% | 1h | 0.000004767 | −0.046% | $90K | $601K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0589% | 1h | 0.000004771 | +0.042% | $77K | $98K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0617% | 8h | 0.000004770 | +0.031% | — | $256.8M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0629% | 8h | 0.000004771 | +0.046% | $130.6M | $1.06B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0632% | 1h | 0.000004770 | +0.026% | $524K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0632% | 1h | 0.000004774 | +0.105% | $135K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0632% | 8h | 0.000004775 | +0.116% | $1.5M | $7.3M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0634% | 8h | 0.000004771 | +0.031% | $91.5M | $280.8M | 300x | as long as short |
| Nado kPEPE-PERP | +0.0717% | 1h | 0.000004776 | +0.146% | $183K | $849K | 10x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Nado kPEPE-PERP