Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.140%
Price spread now: Lighter against Phemex+0.018%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$550.555% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.018%, 7d avg +0.031%
=Together, before fees+0.137%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex u1000PEPEUSDT | 0.000005003 | 0.0650 | pay 0.0650% / 8h | 2h 36m | $2.4M | $7.9M | 50x |
| Short | Lighter 1000PEPE | 0.000005004 | 0.0704 | get 0.0088% / 1h | 36m 08s | $594K | $9.0M | 10x |
Phemex u1000PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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
- $11.3
- Price spread: +0.018% → +0.031%
- −$1.28
- Slippage, 4 orders
- −$43.49
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$45.47
- Costs to cover
- 0.555%
- Break-even
- 35.2 days
Slippage from Phemex: live order book, 3 min ago; Lighter: live order book, 7 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 Phemex live order book, 3 min ago | 6.38 bp | 15.0 bp −$15 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 4.97 bp | 12.1 bp −$12 | 24.2 bp −$242 | 53.6 bp −$5,358 | 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 | 0.000005008 | +0.102% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004994 | −0.174% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005015 | +0.238% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004999 | −0.082% | $98.7M | $403.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004998 | −0.102% | $161.4M | $93.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004999 | −0.090% | $25.1M | $70.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005011 | +0.151% | $601K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005003 | −0.003% | $28K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005006 | +0.054% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005000 | −0.072% | $560K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0150% | 1h | 0.000004996 | −0.142% | $71K | $127K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0153% | 1h | 0.000004997 | −0.122% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004998 | −0.111% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0339% | 8h | 0.000004997 | −0.132% | $45.0M | $209.6M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0407% | 8h | 0.000005001 | −0.036% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0418% | 8h | 0.000005002 | −0.022% | $46.0M | $681.6M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0539% | 8h | 0.000005009 | +0.114% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0546% | 8h | 0.000005020 | +0.338% | $4.4M | $27.9M | 75x | as long as short |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005010 | +0.138% | $604 | $3K | 10x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0650% | 8h | 0.000005003 | long leg | $2.4M | $7.9M | 50x | |
| Backpack kPEPE_USDC_PERP | +0.0658% | 1h | 0.000004997 | −0.120% | $73K | $830K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005014 | +0.218% | $637K | $36.8M | 50x | as long as short |
| Lighter 1000PEPEshort | +0.0704% | 1h | 0.000005004 | +0.018% | $594K | $9.0M | 10x | |
| Nado kPEPE-PERP | +0.0747% | 1h | 0.000005002 | −0.016% | $165K | $941K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0770% | 8h | 0.000005001 | −0.046% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005004 | +0.018% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0803% | 8h | 0.000005002 | −0.012% | $97.1M | $300.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0804% | 8h | 0.000005004 | +0.021% | $141.1M | $1.40B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000004995 | −0.155% | $530K | $277K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0832% | 1h | 0.000004993 | −0.202% | $153K | $813K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0855% | 1h | 0.000004994 | −0.180% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0862% | 8h | 0.000005008 | +0.108% | $1.8M | $11.1M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1032% | 1h | 0.000005003 | −0.002% | $52.7M | $151.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1083% / S −0.2019% | 1h | 0.000004000 | −20.050% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | +0.618% | $3K | $111K | 12x | as long as short |
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP