PEPE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexkPEPEUSDT	0.000004200	+0.0096	pay 0.0012% / 1h	22m 10s	$108K	$229K	50x	Long Popdex
SHORT	Lighter1000PEPE	0.000004269	+0.0280	get 0.0035% / 1h	22m 10s	$1.2M	$1.3M	10x	Short Lighter7d free

Price gap+1.643%

Funding gap+0.0184% /8h

Both sides work: funding pays +$6 a day on $10k, and the gap is 0.332% above its 7d average: +$33 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$27+0.0184% /8h now · paid +0.273% over the last 5 days (all we have)

Price+$33spread +1.643% now, avg +1.311% → +0.332% if it goes back

Costs−$430.431% of $10k · taker + slippage, in and out

Result+$17+0.17%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Lighter price against Popdexnow

RANGE STATS · 7D

Now+1.643%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PEPE on 36 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

Watch: Thin at this size16.5 / 8.4 bp
At $10k entering Popdex costs 16.5 bp, fee and slippage, 2.0× Lighter’s.
Note: Margin at max leverage$200 + $1,000
Popdex 50x, Lighter 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$5.52Long Popdex: 24 payments, −$2.88; short Lighter: 24 payments, +$8.40.
OK: Entry gap works for you+1.643% vs +1.311%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$108K vs $1.2M OI
Popdex sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
OK: No KYC on either legPopdex No · Lighter No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0166%/8h × 21 periods+$34.87

Price spread+1.643% → +1.311% (7d avg)+$33.22

Slippage, 4 orderslive order books−$36.65

Fee Popdex bp × 2 orders−$6.40

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k+$25.03

Costs to cover0.431%Break-even2.0 days

Slippage: Popdex: live order book, 45 min ago; Lighter: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex5.9116.5 bp−$16doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTLighter2.348.4 bp−$816.7 bp−$167doesn’t fitdoesn’t fit

Closing costs about the same again.

PEPE news

posts that mention PEPE, from every exchangeSearch all news →

09-28 17:53	Phoenix	Listing	Now live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗
09-24 15:00	Phoenix	Listing	new market kPEPE ($PEPE) seen by our collector
09-23 09:30	Phemex	Other	BTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗