Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.074%
Price spread now: Lighter against ApeX Omni+0.232%108s7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.444% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)−0.328%−$33 · spread now +0.232%, 7d avg +0.054%
=Together, before fees−0.216%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.178% dearer against ApeX Omni than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.054%. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni 1000PEPEUSDT | 0.000005166 | 0.0824 | pay 0.0103% / 1h | 13m 36s | $101K | $744K | 25x |
| Short | Lighter 1000PEPE | 0.000005178 | 0.0824 | get 0.0103% / 1h | 13m 36s | $615K | $8.3M | 10x |
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- −$0.03
- Price spread: +0.232% → +0.054%
- $17.78
- Slippage, 4 orders
- −$34.41
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$26.66
- Costs to cover
- 0.444%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 45 min ago; Lighter: live order book, 5 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 ApeX Omni live order book, 45 min ago | 3.94 bp | 11.1 bp −$11 | 55.1 bp −$551 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 6.80 bp | 9.1 bp −$9 | 16.5 bp −$165 | 44.3 bp −$4,429 | 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 | 0.000005172 | +0.116% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005148 | −0.354% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005179 | +0.252% | $66K | $146K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005181 | +0.288% | $100.1M | $359.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005174 | +0.155% | $168.4M | $82.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005179 | +0.246% | $26.3M | $65.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005163 | −0.066% | $807K | $4.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005168 | +0.040% | $29K | $481K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005153 | −0.261% | $2K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005166 | −0.006% | $599K | $3.7M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005153 | −0.259% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0216% | 8h | 0.000005185 | +0.368% | $47.9M | $180.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | +0.136% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0358% | 8h | 0.000005154 | −0.236% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0395% | 8h | 0.000005181 | +0.290% | $48.3M | $634.0M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0512% | 8h | 0.000005167 | +0.019% | $4.6M | $26.7M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0528% | 1h | 0.000005148 | −0.348% | $73K | $125K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0592% | 8h | 0.000005155 | −0.209% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005154 | −0.232% | $967K | $34.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0708% | 8h | 0.000005181 | +0.290% | — | $2.3M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0746% | 1h | 0.000005157 | −0.174% | $2K | $10K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005182 | +0.319% | $547K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005156 | −0.194% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0754% | 8h | 0.000005180 | +0.261% | $100.1M | $292.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0754% | 8h | 0.000005180 | +0.274% | $147.5M | $1.26B | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0802% | 8h | 0.000005181 | +0.299% | $6K | — | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0803% / S −0.1617% | 1h | 0.000005000 | −3.213% | $62K | — | 100x | as long as short |
| Lighter 1000PEPEshort | +0.0824% | 1h | 0.000005178 | +0.232% | $615K | $8.3M | 10x | |
| ApeX Omni 1000PEPEUSDTlong | +0.0824% | 1h | 0.000005166 | long leg | $101K | $744K | 25x | |
| Aster 1000PEPEUSDT | +0.0861% | 8h | 0.000005154 | −0.232% | $1.8M | $9.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0941% | 1h | 0.000005156 | −0.203% | $185K | $903K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1104% | 1h | 0.000005195 | +0.561% | $627 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1141% | 1h | 0.000005152 | −0.273% | $65K | $686K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1264% | 1h | 0.000005154 | −0.229% | $4.6M | $16.0M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1578% | 1h | 0.000005183 | +0.329% | $55.9M | $142.3M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
SoDEX 1000PEPE-USD
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE