Funding you earn now, next payment 09:00 UTC−0.0183%/8h= −20.1% APRpaid last 24h −0.122%
Price spread now: Phemex against Lighter−0.087%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$520.516% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.087%, 7d avg −0.032%
=Together, before fees−0.088%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phemex is 0.055% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000PEPE | 0.000005146 | 0.0616 | pay 0.0077% / 1h | 51m 00s | $623K | $9.0M | 10x |
| Short | Phemex u1000PEPEUSDT | 0.000005141 | 0.0433 | get 0.0433% / 8h | 7h 51m | $2.4M | $8.1M | 50x |
Lighter 1000PEPE
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$38.48
- Price spread: −0.087% → −0.032%
- −$5.52
- Slippage, 4 orders
- −$39.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$95.64
- Costs to cover
- 0.516%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Phemex: live order book, 3 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 | 4.89 bp | 12.2 bp −$12 | 21.8 bp −$218 | 52.4 bp −$5,240 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.17 bp | 19.7 bp −$20 | 42.4 bp −$424 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005123 | −0.454% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005139 | −0.138% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005129 | −0.330% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005139 | −0.136% | $99.2M | $435.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005139 | −0.136% | $163.8M | $98.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005113 | −0.648% | $635K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005125 | −0.399% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005140 | −0.109% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005149 | +0.052% | $602K | $4.2M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0134% | 1h | 0.000005124 | −0.428% | $149K | $836K | 25x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
ApeX Omni 1000PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005124 | −0.428% | $8K | $120K | 12x | as long as short |
| KuCoin PEPEUSDTM | +0.0154% | 8h | 0.000005143 | −0.056% | $26.8M | $74.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005133 | −0.246% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0228% | 8h | 0.000005139 | −0.140% | $46.1M | $221.8M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0280% | 1h | 0.000005143 | −0.058% | $2K | $11K | 10x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0346% | 8h | 0.000005140 | −0.117% | $47.4M | $751.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0427% | 8h | 0.000005141 | −0.099% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0432% | 8h | 0.000005128 | −0.359% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0433% | 8h | 0.000005141 | −0.087% | $2.4M | $8.1M | 50x | |
| BloFin PEPE-USDT | +0.0465% | 8h | 0.000005141 | −0.097% | $4.5M | $30.5M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0492% | 1h | 0.000005140 | −0.115% | $77K | $894K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005145 | −0.019% | $677K | $40.0M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0560% | 1h | 0.000005136 | −0.194% | $619 | $2K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0585% | 1h | 0.000005142 | −0.078% | $53.3M | $159.8M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0597% | 1h | 0.000005133 | −0.243% | $163K | $964K | 10x | as long as short |
| Lighter 1000PEPElong | +0.0616% | 1h | 0.000005146 | long leg | $623K | $9.0M | 10x | |
| Kraken Futures PF_PEPEUSD | +0.0617% | 1h | 0.000005141 | −0.104% | $4.8M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0665% | 8h | 0.000005133 | −0.249% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0680% | 1h | 0.000005140 | −0.116% | $539K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0680% | 8h | 0.000005138 | −0.157% | $100.2M | $305.9M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0680% | 1h | 0.000005134 | −0.233% | $145K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0681% | 8h | 0.000005141 | −0.104% | $142.0M | $1.51B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0698% | 8h | 0.000005141 | −0.089% | $1.7M | $12.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0724% | 1h | 0.000005141 | −0.097% | $73K | $128K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1020% / S −0.1149% | 1h | 0.000005000 | −2.837% | $51K | — | 100x | as long as short |
Injective PEPE/USDC PERP
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Hyperliquid kPEPE
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
GMX PEPE/USD [ETH-USDC]