PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1212%/8h= +132.7% APRnext payment +$1.51 per $10,000 · paid last 24h +0.050%

Price spread now: Lighter against SoDEX−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Lighter

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 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.039% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$36 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000005095	0.0604	pay 0.0076% / 1h	3m 49s	$2K	$12K	10x
Short	Lighter 1000PEPE	0.000005093	0.1816	get 0.0227% / 1h	3m 49s	$1.1M	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now −0.039%Rate

Funding earned: $254.46
Price spread: −0.039% → 0.000%: −$3.93
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $242.53
Costs to cover: 0.080%
Break-even: 0.3 days

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 4 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	7.81 bp	8.7 bp −$9	17.1 bp −$171	50.9 bp −$5,085	doesn't fit

SoDEX: 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 34 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	0.000005071	−0.471%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0008%	1h	0.000005093	−0.041%	$18K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005081	−0.275%	$62K	$127K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005073	−0.422%	$98.9M	$326.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005093	−0.039%	$163.6M	$72.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005092	−0.049%	$25.6M	$61.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005094	−0.027%	$47.5M	$166.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005096	+0.012%	$681K	$4.6M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005115	+0.393%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005099	+0.082%	$2K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005093	−0.043%	$580K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005103	+0.162%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0265%	8h	0.000005075	−0.393%	$45.9M	$577.2M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0291%	8h	0.000005094	−0.012%	$33K	$24K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005106	+0.216%	$929K	$30.7M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0461%	8h	0.000005089	−0.124%	$2.4M	$7.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0520%	8h	0.000005096	+0.018%	—	$259.6M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0530% / S −0.0562%	1h	0.000005000	−1.865%	$57K	—	100x	as long as short
MEXC PEPE_USDT	+0.0557%	8h	0.000005097	+0.045%	$97.0M	$292.6M	300x	as long as short
Binance 1000PEPEUSDT	+0.0559%	8h	0.000005079	−0.316%	$143.5M	$1.18B	75x	as long as short
Extended 1000PEPE-USD	+0.0560%	1h	0.000005095	+0.003%	$559K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0560%	1h	0.000005094	−0.020%	$144K	—	3x	as long as short
SoDEX 1000PEPE-USDlong	+0.0604%	1h	0.000005095	long leg	$2K	$12K	10x
ApeX Omni 1000PEPEUSDT	+0.0615%	1h	0.000005115	+0.393%	$106K	$749K	25x	as long as short
Nado kPEPE-PERP	+0.0651%	1h	0.000005108	+0.260%	$193K	$882K	10x	as long as short
Aster 1000PEPEUSDT	+0.0661%	8h	0.000005102	+0.130%	$1.7M	$8.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0666%	8h	0.000005100	+0.107%	$6K	—	20x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0733%	1h	0.000005091	−0.079%	$62K	$114K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.0817%	1h	0.000005095	−0.003%	$4.1M	$14.6M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005109	+0.275%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0954%	1h	0.000005097	+0.035%	$98K	$609K	15x	as long as short
01 Exchange kPEPEUSD	+0.0968%	1h	0.000005108	+0.255%	$616	$3K	10x	as long as short
Lighter 1000PEPEshort	+0.1816%	1h	0.000005093	−0.039%	$1.1M	$7.4M	10x
Hyperliquid kPEPE	+0.2036%	1h	0.000005103	+0.157%	$56.4M	$136.2M	10x	as long as short