Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.107%
Price spread now: Lighter against Bybit+0.083%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 7 days−0.184%−$18 · spread now +0.083%, 7d avg +0.051%
=Together, before fees+0.024%+ Points / potential airdropLighter: Season 3 · farm board+$2 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 0.031% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000PEPEUSDT | 0.000004845 | 0.0100 | pay 0.0100% / 8h | 1h 47m | $88.1M | $278.2M | 50x |
| Short | Lighter 1000PEPE | 0.000004849 | 0.0096 | get 0.0012% / 1h | 47m 12s | $634K | $5.4M | 10x |
Bybit 1000PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$0.84
- Price spread: +0.083% → +0.051%
- $3.12
- Slippage, 4 orders
- −$19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$27.72
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 6 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 Bybit live order book, 2 min ago | 1.03 bp | 8.3 bp −$8 | 13.4 bp −$134 | 32.1 bp −$3,206 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.05 bp | 4.2 bp −$4 | 18.5 bp −$185 | 75.8 bp −$7,580 | 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 | 0.000004852 | +0.134% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004841 | −0.080% | $14K | — | 150x | as long as short |
| Lighter 1000PEPEshort | +0.0096% | 1h | 0.000004849 | +0.083% | $634K | $5.4M | 10x | |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004845 | 0.000% | $60.6M | $76.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004854 | +0.186% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000004845 | long leg | $88.1M | $278.2M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004843 | −0.041% | $151.4M | $62.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004845 | −0.004% | $25.0M | $53.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004869 | +0.497% | $582K | $3.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004867 | +0.463% | $27K | $342K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004862 | +0.357% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004856 | +0.225% | $551K | $3.5M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0112% | 1h | 0.000004847 | +0.041% | $2K | $9K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0172% | 8h | 0.000004847 | +0.037% | $42.7M | $151.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004850 | +0.106% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0205% | 8h | 0.000004847 | +0.041% | $41.6M | $491.8M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0317% / S −0.0215% | 1h | 0.000004000 | −17.441% | $52K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0324% | 8h | 0.000004845 | 0.000% | $3.9M | $22.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0438% | 8h | 0.000004849 | +0.074% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004853 | +0.165% | $639K | $25.5M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0453% | 8h | 0.000004843 | −0.039% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0458% | 8h | 0.000004856 | +0.237% | $5K | $16 | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0592% | 1h | 0.000004857 | +0.248% | $556 | $2K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0746% | 1h | 0.000004857 | +0.238% | $187K | $854K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0761% | 1h | 0.000004848 | +0.062% | $92K | $614K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0783% | 1h | 0.000004847 | +0.041% | $82K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0842% | 8h | 0.000004855 | +0.208% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0864% | 1h | 0.000004845 | +0.009% | $535K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0865% | 8h | 0.000004846 | +0.019% | $130.3M | $1.03B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0870% | 8h | 0.000004849 | +0.087% | $91.8M | $282.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0872% | 1h | 0.000004854 | +0.186% | $137K | — | 3x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004868 | +0.475% | $4K | $103K | 12x | as long as short |
| Aster 1000PEPEUSDT | +0.0896% | 8h | 0.000004850 | +0.111% | $1.5M | $7.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1302% | 1h | 0.000004870 | +0.516% | $104K | $764K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1316% | 1h | 0.000004847 | +0.043% | $4.0M | $13.2M | 50x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Nado kPEPE-PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Injective PEPE/USDC PERP
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD