Funding you earn now, next payment 09:00 UTC−0.0379%/8h= −41.5% APRpaid last 24h −0.159%
Price spread now: KuCoin against Lighter−0.129%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days−0.202%−$20 on $10k
+Price spread, last 7 days+0.401%+$40 · spread now −0.129%, 7d avg −0.031%
=Together, before fees+0.200%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.098% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.202% in total (about -10.5% 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 | 0.000005106 | 0.0544 | pay 0.0068% / 1h | 37m 55s | $610K | $9.0M | 10x |
| Short | KuCoin PEPEUSDTM | 0.000005099 | 0.0165 | get 0.0165% / 8h | 7h 37m | $26.6M | $74.8M | 75x |
Lighter 1000PEPE
KuCoin PEPEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$79.59
- Price spread: −0.129% → −0.031%
- −$9.81
- Slippage, 4 orders
- −$27.28
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$128.68
- Costs to cover
- 0.393%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; KuCoin: live order book, 11 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 | 1.95 bp | 7.7 bp −$8 | 13.3 bp −$133 | 41.9 bp −$4,188 | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 0.68 bp | 12.7 bp −$13 | 25.6 bp −$256 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005089 | −0.325% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005084 | −0.431% | $59K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005109 | +0.049% | $98.5M | $436.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005098 | −0.157% | $161.8M | $99.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005099 | −0.144% | $638K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005112 | +0.108% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005105 | −0.022% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005080 | −0.509% | $598K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0132% | 1h | 0.000005101 | −0.098% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005084 | −0.431% | $7K | $121K | 12x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTMshort | +0.0165% | 8h | 0.000005099 | −0.129% | $26.6M | $74.8M | 75x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005102 | −0.084% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0207% | 8h | 0.000005110 | +0.088% | $46.0M | $222.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0330% | 8h | 0.000005109 | +0.059% | $46.7M | $748.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0381% | 1h | 0.000005107 | +0.020% | $149K | $838K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0403% | 1h | 0.000005112 | +0.112% | $98K | $907K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0413% | 8h | 0.000005086 | −0.399% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0435% | 8h | 0.000005097 | −0.168% | $33K | $27K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0453% | 8h | 0.000005102 | −0.082% | $2.3M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0456% | 8h | 0.000005088 | −0.353% | $4.4M | $30.3M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0492% | 1h | 0.000005113 | +0.137% | $53.0M | $160.3M | 10x | as long as short |
| dYdX PEPE-USD | +0.0501% | 1h | 0.000005084 | −0.427% | $19K | $649 | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005085 | −0.411% | $675K | $39.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0528% | 1h | 0.000005094 | −0.235% | $614 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0535% | 1h | 0.000005098 | −0.157% | $73K | $128K | 25x | as long as short |
| Lighter 1000PEPElong | +0.0544% | 1h | 0.000005106 | long leg | $610K | $9.0M | 10x | |
| Kraken Futures PF_PEPEUSD | +0.0622% | 1h | 0.000005098 | −0.164% | $4.8M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0641% | 8h | 0.000005110 | +0.076% | — | $176.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0656% | 1h | 0.000005108 | +0.044% | $537K | $280K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0657% | 8h | 0.000005112 | +0.112% | $140.8M | $1.51B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0661% | 8h | 0.000005112 | +0.112% | $101.0M | $307.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0664% | 1h | 0.000005097 | −0.176% | $144K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0675% | 8h | 0.000005108 | +0.049% | $1.7M | $12.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0679% | 1h | 0.000005102 | −0.069% | $162K | $965K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1149% | 1h | 0.000005000 | −2.076% | $51K | — | 100x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Hyperliquid kPEPE
dYdX PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]