Funding you earn now, next payment 05:00 UTC+0.0961%/8h= +105.2% APRpaid last 24h +0.131%
Price spread now: Lighter against Bitget−0.004%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 7 days−0.034%−$3 · spread now −0.004%, 7d avg +0.004%
=Together, before fees+0.187%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.221% in total (about 11.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PEPEUSDT | 0.000005222 | 0.0295 | pay 0.0295% / 8h | 3h 26m | $50.6M | $190.4M | 75x |
| Short | Lighter 1000PEPE | 0.000005222 | 0.1256 | get 0.0157% / 1h | 26m 04s | $634K | $8.8M | 10x |
Bitget PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $201.81
- Price spread: −0.004% → +0.004%
- −$0.75
- Slippage, 4 orders
- −$26.93
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $162.12
- Costs to cover
- 0.389%
- Break-even
- 1.4 days
Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 12 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 Bitget live order book, 3 min ago | 1.99 bp | 9.3 bp −$9 | 13.3 bp −$133 | 38.1 bp −$3,815 | doesn't fit |
| Sell Lighter live order book, 12 min ago | 3.74 bp | 7.8 bp −$8 | 15.9 bp −$159 | 40.8 bp −$4,081 | 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 | 0.000005214 | −0.166% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005211 | −0.209% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +2.007% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005224 | +0.034% | $66K | $162K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005215 | −0.132% | $105.7M | $379.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005211 | −0.214% | $173.1M | $88.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005218 | −0.088% | $26.0M | $68.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005215 | −0.147% | $677K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005285 | +1.196% | $29K | $532K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005222 | +0.006% | $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 | 0.000005216 | −0.115% | $584K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005216 | −0.114% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTlong | +0.0295% | 8h | 0.000005222 | long leg | $50.6M | $190.4M | 75x | |
| Orderly PERP_1000PEPE_USDC | +0.0392% | 8h | 0.000005218 | −0.073% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0433% | 8h | 0.000005221 | −0.023% | $50.5M | $673.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0434% | 8h | 0.000005209 | −0.256% | $6K | — | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0487% | 1h | 0.000005217 | −0.100% | $2K | $10K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0518% | 1h | 0.000005214 | −0.157% | $74K | $126K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0562% | 8h | 0.000005243 | +0.398% | $4.9M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0651% | 8h | 0.000005212 | −0.199% | $2.5M | $7.5M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005216 | −0.119% | $709K | $36.2M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0763% | 8h | 0.000005215 | −0.128% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0800% | 8h | 0.000005219 | −0.066% | $152.0M | $1.33B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005223 | +0.006% | $553K | $231K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005217 | −0.100% | $147K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0802% | 8h | 0.000005227 | +0.100% | $101.2M | $295.6M | 300x | as long as short |
| Nado kPEPE-PERP | +0.0903% | 1h | 0.000005211 | −0.220% | $187K | $916K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0904% | 1h | 0.000005308 | +1.643% | $163K | $808K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0912% | 8h | 0.000005218 | −0.088% | $1.8M | $10.3M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0952% / S −0.1901% | 1h | 0.000005000 | −4.255% | $64K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.1008% | 1h | 0.000005210 | −0.234% | $628 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1160% | 1h | 0.000005220 | −0.046% | $68K | $724K | 15x | as long as short |
| Lighter 1000PEPEshort | +0.1256% | 1h | 0.000005222 | −0.004% | $634K | $8.8M | 10x | |
| Kraken Futures PF_PEPEUSD | +0.1566% | 1h | 0.000005214 | −0.166% | $4.8M | $16.4M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1591% | 1h | 0.000005230 | +0.149% | $57.0M | $145.6M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE