Funding you earn now, next payment 07:00 UTC+0.0302%/8h= +33.0% APRpaid last 24h +0.141%
Price spread now: Lighter against OKX+0.097%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days+0.205%+$21 on $10k
+Price spread, last 7 days−0.180%−$18 · spread now +0.097%, 7d avg +0.032%
=Together, before fees+0.025%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.065% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.032%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.205% in total (about 10.7% 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 | OKX PEPE-USDT-SWAP | 0.000005159 | 0.0394 | pay 0.0394% / 8h | 1h 07m | $47.7M | $735.6M | 50x |
| Short | Lighter 1000PEPE | 0.000005164 | 0.0696 | get 0.0087% / 1h | 7m 00s | $616K | $9.1M | 10x |
OKX PEPE-USDT-SWAP
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $63.34
- Price spread: +0.097% → +0.032%
- $6.48
- Slippage, 4 orders
- −$24.05
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $35.77
- Costs to cover
- 0.340%
- Break-even
- 3.0 days
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 6 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 OKX live order book, 2 min ago | 0.97 bp | 8.9 bp −$9 | 12.2 bp −$122 | 34.2 bp −$3,420 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.93 bp | 10.0 bp −$10 | 20.2 bp −$202 | 54.0 bp −$5,397 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005140 | −0.368% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005141 | −0.340% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005149 | −0.188% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005148 | −0.213% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005159 | 0.000% | $100.9M | $420.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005159 | 0.000% | $164.5M | $97.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005115 | −0.862% | $600K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005152 | −0.132% | $28K | $543K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005159 | −0.008% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005147 | −0.233% | $597K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0112% | 8h | 0.000005165 | +0.120% | $26.3M | $72.6M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0170% | 1h | 0.000005164 | +0.097% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005153 | −0.114% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0285% | 8h | 0.000005159 | +0.008% | $46.1M | $216.4M | 75x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0394% | 8h | 0.000005159 | long leg | $47.7M | $735.6M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0399% | 8h | 0.000005161 | +0.033% | $34K | $26K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0422% | 1h | 0.000005152 | −0.136% | $150K | $829K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0452% | 1h | 0.000005162 | +0.052% | $4.7M | $16.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0456% | 1h | 0.000005162 | +0.054% | $73K | $865K | 15x | as long as short |
| BloFin PEPE-USDT | +0.0512% | 8h | 0.000005161 | +0.039% | $4.4M | $29.9M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0516% | 8h | 0.000005150 | −0.179% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0525% | 8h | 0.000005160 | +0.012% | $2.4M | $8.0M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0526% | 1h | 0.000005159 | 0.000% | $74K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005148 | −0.213% | $676K | $38.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005158 | −0.019% | $622 | $3K | 10x | as long as short |
| Lighter 1000PEPEshort | +0.0696% | 1h | 0.000005164 | +0.097% | $616K | $9.1M | 10x | |
| Nado kPEPE-PERP | +0.0706% | 1h | 0.000005156 | −0.059% | $165K | $960K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0729% | 8h | 0.000005157 | −0.037% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005157 | −0.039% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0752% | 8h | 0.000005165 | +0.116% | $1.8M | $11.7M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0759% | 8h | 0.000005162 | +0.060% | $141.8M | $1.47B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005164 | +0.089% | $540K | $284K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0761% | 8h | 0.000005164 | +0.089% | $100.2M | $306.6M | 300x | as long as short |
| Hyperliquid kPEPE | +0.0954% | 1h | 0.000005166 | +0.136% | $53.7M | $156.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2249% | 1h | 0.000005000 | −3.082% | $64K | — | 100x | as long as short |
KuCoin PEPEUSDTM
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]