PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.053%

Price spread now: Reya against Lighter+0.072%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.072% dearer against Lighter than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000PEPE	0.000004932	0.0248	pay 0.0031% / 1h	36m 31s	$577K	$6.7M	10x
Short	Reya kPEPERUSDPERP	0.000004936	0.0189	get 0.0024% / 1h	36m 31s	$7K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.072%Rate

Funding earned: −$12.46
Price spread: +0.072% → 0.000%: $7.21
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$11.25
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Reya: 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	5.11 bp	8.4 bp −$8	15.4 bp −$154	33.8 bp −$3,382	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Kraken Futures PF_PEPEUSD	−0.0119%	1h	0.000004934	+0.032%	$4.0M	$13.9M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004922	−0.201%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004928	−0.081%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004929	−0.061%	$58K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004921	−0.223%	$90.2M	$301.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004925	−0.142%	$156.1M	$65.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004925	−0.148%	$25.2M	$55.8M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004927	−0.107%	$43.2M	$151.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004891	−0.837%	$572K	$4.3M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004900	−0.653%	$26K	$352K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004942	+0.197%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004933	+0.020%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004930	−0.043%	$560K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000004923	−0.189%	$2.4M	$6.6M	50x	as long as short
Hyperliquid kPEPE	+0.0133%	1h	0.000004935	+0.061%	$59.2M	$113.2M	10x	as long as short
OKX PEPE-USDT-SWAP	+0.0188%	8h	0.000004929	−0.061%	$43.3M	$521.5M	50x	as long as short
Reya kPEPERUSDPERPshort	+0.0189%	1h	0.000004936	+0.072%	$7K	—	15x
Paradex kPEPE-USD-PERP	+0.0196%	8h	0.000004929	−0.066%	$6K	$16	20x	as long as short
Lighter 1000PEPElong	+0.0248%	1h	0.000004932	long leg	$577K	$6.7M	10x
Orderly PERP_1000PEPE_USDC	+0.0300%	8h	0.000004927	−0.103%	$30K	$13K	20x	as long as short
BloFin PEPE-USDT	+0.0307%	8h	0.000004937	+0.101%	$4.0M	$23.4M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000004939	+0.142%	$591K	$26.7M	50x	as long as short
Nado kPEPE-PERP	+0.0411%	1h	0.000004938	+0.115%	$193K	$852K	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0439%	1h	0.000004899	−0.669%	$101K	$753K	25x	as long as short
01 Exchange kPEPEUSD	+0.0456%	1h	0.000004928	−0.081%	$1K	$2K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0460% / S −0.0686%	1h	0.000004000	−18.897%	$46K	—	100x	as long as short
BingX 1000PEPE-USDC	+0.0504%	8h	0.000004926	−0.124%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0507%	8h	0.000004924	−0.161%	$138.0M	$1.09B	75x	as long as short
MEXC PEPE_USDT	+0.0508%	8h	0.000004931	−0.012%	$97.8M	$282.5M	300x	as long as short
Extended 1000PEPE-USD	+0.0512%	1h	0.000004925	−0.134%	$541K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0512%	1h	0.000004930	−0.041%	$139K	—	3x	as long as short
Aster 1000PEPEUSDT	+0.0532%	8h	0.000004929	−0.063%	$1.5M	$7.5M	50x	as long as short
Backpack kPEPE_USDC_PERP	+0.0577%	1h	0.000004937	+0.095%	$92K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000004915	−0.345%	$4K	$102K	12x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0968%	1h	0.000004931	−0.020%	$70K	$107K	25x	as long as short