PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0219%/8h= +24.0% APRnext payment +$0.27 per $10,000 · paid last 24h −0.002%

Price spread now: Injective against Lighter+0.083%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.083% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000PEPE	0.000004805	0.0336	pay 0.0042% / 1h	30m 34s	$591K	$5.1M	10x
Short	Injective PEPE/USDC PERP	0.000004809	0.0555	get 0.0069% / 1h	30m 34s	$4K	$92K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.083%Rate

Funding earned: $46.02
Price spread: +0.083% → 0.000%: $8.32
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $54.33
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Injective: 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, 7 min ago	4.15 bp	10.6 bp −$11	14.8 bp −$148	61.6 bp −$6,160	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.000004800	−0.109%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004800	−0.114%	$14K	—	150x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004802	−0.062%	$56.9M	$70.3M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004806	+0.021%	$59K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004800	−0.096%	$88.7M	$273.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004797	−0.166%	$149.0M	$61.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004801	−0.094%	$23.8M	$52.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004799	−0.118%	$705K	$3.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004815	+0.211%	$27K	$338K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004813	+0.158%	$2K	$2.4M	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	0.000004801	−0.083%	$553K	$3.6M	75x	as long as short
OKX PEPE-USDT-SWAP	+0.0133%	8h	0.000004803	−0.042%	$41.3M	$488.2M	50x	as long as short
Bitget PEPEUSDT	+0.0172%	8h	0.000004801	−0.089%	$43.2M	$152.2M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004803	−0.036%	$7K	—	15x	as long as short
BloFin PEPE-USDT	+0.0248%	8h	0.000004806	+0.021%	$3.9M	$21.7M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0318% / S −0.0217%	1h	0.000004000	−16.753%	$52K	—	100x	as long as short
Lighter 1000PEPElong	+0.0336%	1h	0.000004805	long leg	$591K	$5.1M	10x
Orderly PERP_1000PEPE_USDC	+0.0380%	8h	0.000004804	−0.027%	$29K	$11K	20x	as long as short
Paradex kPEPE-USD-PERP	+0.0400%	8h	0.000004805	+0.008%	$5K	$16	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0464%	1h	0.000004801	−0.083%	$575K	$25.3M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0466%	8h	0.000004800	−0.096%	$2.3M	$6.3M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0498%	1h	0.000004805	+0.002%	$95K	$622K	15x	as long as short
Injective PEPE/USDC PERPshort	+0.0555%	1h	0.000004809	+0.083%	$4K	$92K	12x
Nado kPEPE-PERP	+0.0691%	1h	0.000004798	−0.137%	$179K	$859K	10x	as long as short
SoDEX 1000PEPE-USD	+0.0705%	1h	0.000004805	0.000%	$2K	$9K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0722%	1h	0.000004816	+0.229%	$100K	$759K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0762%	1h	0.000004804	−0.017%	$3.9M	$13.0M	50x	as long as short
BingX 1000PEPE-USDC	+0.0774%	8h	0.000004802	−0.056%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0816%	1h	0.000004803	−0.048%	$526K	$147K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0816%	1h	0.000004807	+0.042%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0819%	8h	0.000004804	−0.025%	$90.3M	$289.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0820%	8h	0.000004808	+0.052%	$127.8M	$1.02B	75x	as long as short
Aster 1000PEPEUSDT	+0.0860%	8h	0.000004803	−0.037%	$1.5M	$6.8M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1000%	1h	0.000004805	0.000%	$81K	$94K	25x	as long as short
01 Exchange kPEPEUSD	+0.1232%	1h	0.000004813	+0.166%	$551	$2K	10x	as long as short