Funding you earn now, next payment 01:00 UTC−0.0404%/8h= −44.2% APRnext payment −$0.51 per $10,000 · paid last 24h −0.080%
Price spread now: Pacifica against Lighter−0.119%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$420.421% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.119%, 7d avg −0.033%
=Together, before fees−0.014%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Pacifica is 0.085% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 per $10,000. 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 | 0.000005055 | 0.0504 | pay 0.0063% / 1h | 16m 30s | $659K | $6.8M | 10x |
| Short | Pacifica kPEPE | 0.000005049 | 0.0100 | get 0.0013% / 1h | 16m 30s | $59K | $120K | 10x |
Lighter 1000PEPE
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$84.84
- Price spread: −0.119% → −0.033%
- −$8.55
- Slippage, 4 orders
- −$34.1
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$135.49
- Costs to cover
- 0.421%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Pacifica: live order book, 56 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, 7 min ago | 5.98 bp | 7.4 bp −$7 | 14.5 bp −$145 | 38.2 bp −$3,822 | doesn't fit |
| Sell Pacifica live order book, 56 min ago | 7.41 bp | 13.0 bp −$13 | 21.4 bp −$214 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0117% | 1h | 0.000005021 | −0.682% | $3.9M | $14.2M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005045 | −0.203% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005016 | −0.764% | $15K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005049 | −0.119% | $59K | $120K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005056 | +0.020% | $94.9M | $307.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005050 | −0.099% | $162.3M | $68.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005054 | −0.016% | $26.0M | $57.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005054 | −0.024% | $44.2M | $154.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005008 | −0.936% | $576K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005015 | −0.790% | $52K | $379K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005028 | −0.538% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005022 | −0.653% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005024 | −0.619% | $567K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005013 | −0.835% | $2.4M | $6.7M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005020 | −0.690% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0192% | 8h | 0.000005059 | +0.079% | $45.0M | $543.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0242% | 1h | 0.000005019 | −0.712% | $104K | $749K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0246% | 8h | 0.000005059 | +0.069% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0275% | 8h | 0.000005020 | −0.684% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0310% | 8h | 0.000005024 | −0.613% | $4.0M | $24.1M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005029 | −0.514% | $684K | $27.6M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0465% | 8h | 0.000005052 | −0.055% | — | $257.5M | — | as long as short |
| MEXC PEPE_USDT | +0.0478% | 8h | 0.000005055 | 0.000% | $100.2M | $288.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0479% | 8h | 0.000005058 | +0.060% | $139.7M | $1.11B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005052 | −0.050% | $555K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005011 | −0.870% | $142K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0485% / S −0.0460% | 1h | 0.000005000 | −1.088% | $58K | — | 100x | as long as short |
| Lighter 1000PEPElong | +0.0504% | 1h | 0.000005055 | long leg | $659K | $6.8M | 10x | |
| Nado kPEPE-PERP | +0.0517% | 1h | 0.000005061 | +0.110% | $192K | $862K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0522% | 8h | 0.000005049 | −0.111% | $1.5M | $7.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0560% | 1h | 0.000005066 | +0.218% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0576% | 1h | 0.000005032 | −0.451% | $95K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005032 | −0.455% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0747% | 1h | 0.000005022 | −0.653% | $61K | $114K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1642% | 1h | 0.000005074 | +0.376% | $57.8M | $129.1M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Nado kPEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE