Funding you earn now, next payment 09:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.004%
Price spread now: Lighter against Aster+0.015%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days−0.329%−$33 · spread now +0.015%, 7d avg −0.029%
=Together, before fees−0.369%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.043% dearer against Aster than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.029%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.040% in total) that is about 7.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster 1000PEPEUSDT | 0.000005014 | 0.0668 | pay 0.0668% / 8h | 7h 26m | $1.7M | $12.1M | 50x |
| Short | Lighter 1000PEPE | 0.000005015 | 0.0616 | get 0.0077% / 1h | 26m 37s | $589K | $9.1M | 10x |
Aster 1000PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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
- −$10.94
- Price spread: +0.015% → −0.029%
- $4.32
- Slippage, 4 orders
- −$34.22
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.84
- Costs to cover
- 0.422%
- Break-even
- never at this rate
Slippage from Aster: live order book, 2 min ago; Lighter: live order book, 7 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 Aster live order book, 2 min ago | 3.69 bp | 8.4 bp −$8 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 9.87 bp | 11.5 bp −$12 | 15.0 bp −$150 | 42.5 bp −$4,254 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005019 | +0.100% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005010 | −0.085% | $58K | $188K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005004 | −0.205% | $96.5M | $440.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005000 | −0.285% | $158.8M | $100.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005028 | +0.267% | $644K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005029 | +0.291% | $28K | $552K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005034 | +0.391% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005031 | +0.342% | $586K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005015 | +0.015% | $7K | $121K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0148% | 1h | 0.000005026 | +0.234% | $72K | $128K | 25x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUALShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0163% | 8h | 0.000005001 | −0.267% | $26.5M | $75.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0189% | 8h | 0.000004990 | −0.480% | $45.2M | $223.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005035 | +0.413% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0194% | 1h | 0.000005026 | +0.234% | $2K | $11K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0248% | 8h | 0.000005025 | +0.224% | $2.3M | $8.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0296% | 1h | 0.000005028 | +0.274% | $148K | $841K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0318% | 8h | 0.000005002 | −0.245% | $45.3M | $735.2M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0382% | 1h | 0.000005025 | +0.214% | $92K | $911K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0404% | 8h | 0.000005000 | −0.290% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0438% | 8h | 0.000005028 | +0.276% | $33K | $30K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0441% | 8h | 0.000005028 | +0.274% | $4.5M | $30.2M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0459% | 1h | 0.000005017 | +0.054% | $51.9M | $161.0M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005028 | +0.274% | $717K | $39.2M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0544% | 1h | 0.000004997 | −0.344% | $603 | $2K | 10x | as long as short |
| Lighter 1000PEPEshort | +0.0616% | 1h | 0.000005015 | +0.015% | $589K | $9.1M | 10x | |
| BingX 1000PEPE-USDC | +0.0624% | 8h | 0.000004989 | −0.510% | — | $2.3M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0631% | 1h | 0.000005022 | +0.148% | $4.8M | $16.9M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000004999 | −0.304% | $526K | $285K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0648% | 8h | 0.000005004 | −0.207% | $98.2M | $309.0M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0648% | 1h | 0.000005028 | +0.274% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0650% | 8h | 0.000005014 | +0.001% | $137.0M | $1.52B | 75x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0668% | 8h | 0.000005014 | long leg | $1.7M | $12.1M | 50x | |
| Nado kPEPE-PERP | +0.0677% | 1h | 0.000005030 | +0.321% | $158K | $967K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0972% / S −0.1091% | 1h | 0.000005000 | −0.285% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.5171% | 1h | 0.000005029 | +0.288% | $25K | $12K | 10x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Hyperliquid kPEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD