Funding you earn now, next payment 05:00 UTC+0.1059%/8h= +116.0% APRnext payment +$1.32 per $10,000 · paid last 24h +0.105%
Price spread now: Lighter against Reya+0.029%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Lighter is 0.029% dearer against Reya than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya kPEPERUSDPERP | 0.000005296 | 0.0189 | pay 0.0024% / 1h | 30m 14s | $8K | — | 15x |
| Short | Lighter 1000PEPE | 0.000005298 | 0.1248 | get 0.0156% / 1h | 30m 14s | $698K | $8.7M | 10x |
Reya kPEPERUSDPERP
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Reya. 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
- $222.41
- Price spread: +0.029% → 0.000%
- $2.92
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $219.33
- Costs to cover
- 0.060%
- Break-even
- 0.1 days
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 8 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 8 min ago | 3.74 bp | 7.8 bp −$8 | 15.9 bp −$159 | 40.8 bp −$4,081 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005299 | +0.057% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005289 | −0.141% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +0.577% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005309 | +0.237% | $70K | $155K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005288 | −0.160% | $107.5M | $378.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005293 | −0.065% | $175.6M | $87.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005297 | +0.020% | $26.4M | $68.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005312 | +0.285% | $747K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005295 | −0.020% | $53K | $509K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005301 | +0.092% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005295 | −0.027% | $601K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERPlong | +0.0189% | 1h | 0.000005296 | long leg | $8K | — | 15x | |
| Bitget PEPEUSDT | +0.0288% | 8h | 0.000005297 | +0.010% | $51.6M | $189.8M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0317% | 1h | 0.000005294 | −0.046% | $75K | $126K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0388% | 8h | 0.000005300 | +0.059% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0433% | 8h | 0.000005290 | −0.122% | $51.8M | $680.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0477% | 1h | 0.000005296 | −0.009% | $2K | $10K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0560% | 8h | 0.000005312 | +0.294% | $5.0M | $28.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0630% | 8h | 0.000005296 | −0.016% | $2.6M | $7.5M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005304 | +0.143% | $650K | $36.6M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0755% | 8h | 0.000005279 | −0.330% | $6K | — | 20x | as long as short |
| BingX 1000PEPE-USDC | +0.0763% | 8h | 0.000005297 | +0.001% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0797% | 8h | 0.000005295 | −0.027% | $103.8M | $295.0M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005298 | +0.029% | $562K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005278 | −0.348% | $149K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0802% | 8h | 0.000005290 | −0.130% | $154.3M | $1.32B | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0804% | 1h | 0.000005291 | −0.103% | $162K | $808K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0861% | 1h | 0.000005300 | +0.076% | $191K | $916K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0914% | 8h | 0.000005296 | −0.011% | $1.9M | $10.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0943% / S −0.1872% | 1h | 0.000005000 | −5.597% | $65K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.1024% | 1h | 0.000005303 | +0.124% | $640 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1225% | 1h | 0.000005323 | +0.497% | $69K | $724K | 15x | as long as short |
| Lighter 1000PEPEshort | +0.1248% | 1h | 0.000005298 | +0.029% | $698K | $8.7M | 10x | |
| Kraken Futures PF_PEPEUSD | +0.1543% | 1h | 0.000005291 | −0.100% | $4.9M | $16.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1639% | 1h | 0.000005304 | +0.143% | $58.0M | $145.2M | 10x | as long as short |
HTX PEPE-USDT
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Paradex kPEPE-USD-PERP
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE