PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0312%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against 01 Exchange+0.167%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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

The price spread pays, funding is against you. Lighter is 0.167% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.167% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000004789	0.0408	pay 0.0051% / 1h	10m 19s	$549	$2K	10x
Short	Lighter 1000PEPE	0.000004797	0.0096	get 0.0012% / 1h	10m 19s	$669K	$6.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. 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 01 ExchangebpFee LighterbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$65.52
Price spread: +0.167% → 0.000%: $16.7
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$55.82
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	4.18 bp	4.2 bp −$4	12.2 bp −$122	37.4 bp −$3,737	doesn't fit

01 Exchange: 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	0.000004787	−0.035%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004789	+0.010%	$14K	—	150x	as long as short
Lighter 1000PEPEshort	+0.0096%	1h	0.000004797	+0.167%	$669K	$6.0M	10x
Hyperliquid kPEPE	+0.0100%	1h	0.000004784	−0.104%	$62.8M	$83.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004790	+0.021%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004793	+0.088%	$87.0M	$283.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004787	−0.042%	$150.3M	$63.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004788	−0.023%	$24.7M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004794	+0.101%	$543K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004795	+0.130%	$28K	$343K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004796	+0.136%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004796	+0.146%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004792	+0.067%	$540K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0111%	8h	0.000004794	+0.113%	$42.1M	$148.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004788	−0.013%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004795	+0.125%	$41.5M	$491.7M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0271%	8h	0.000004787	−0.052%	$5K	$16	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0328% / S −0.0354%	1h	0.000004000	−16.475%	$43K	—	100x	as long as short
BloFin PEPE-USDT	+0.0338%	8h	0.000004795	+0.125%	$3.9M	$22.1M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0342%	8h	0.000004794	+0.098%	$2.3M	$6.4M	50x	as long as short
01 Exchange kPEPEUSDlong	+0.0408%	1h	0.000004789	long leg	$549	$2K	10x
ApeX Omni 1000PEPEUSDT	+0.0447%	1h	0.000004792	+0.063%	$101K	$763K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004796	+0.146%	$582K	$25.5M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0450%	8h	0.000004794	+0.104%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0544%	1h	0.000004794	+0.100%	$92K	$614K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0585%	1h	0.000004794	+0.104%	$81K	$94K	25x	as long as short
BingX 1000PEPE-USDC	+0.0735%	8h	0.000004791	+0.048%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0750%	8h	0.000004794	+0.099%	$130.4M	$1.04B	75x	as long as short
Extended 1000PEPE-USD	+0.0752%	1h	0.000004793	+0.085%	$526K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0752%	1h	0.000004795	+0.125%	$136K	—	3x	as long as short
Nado kPEPE-PERP	+0.0754%	1h	0.000004792	+0.060%	$184K	$845K	10x	as long as short
MEXC PEPE_USDT	+0.0754%	8h	0.000004790	+0.029%	$91.4M	$285.8M	300x	as long as short
Aster 1000PEPEUSDT	+0.0764%	8h	0.000004791	+0.042%	$1.5M	$7.1M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004814	+0.522%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1330%	1h	0.000004795	+0.115%	$3.9M	$13.3M	50x	as long as short