Funding you earn now, next payment 07:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.049%
Price spread now: Lighter against Extended+0.128%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.128%, 7d avg +0.081%
=Together, before fees+0.093%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.047% dearer against Extended than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of +0.081%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended 1000PEPE-USD | 0.000005109 | 0.0760 | pay 0.0095% / 1h | 12m 21s | $537K | $284K | 25x |
| Short | Lighter 1000PEPE | 0.000005116 | 0.0688 | get 0.0086% / 1h | 12m 21s | $611K | $9.1M | 10x |
Extended 1000PEPE-USD
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$15.12
- Price spread: +0.128% → +0.081%
- $4.72
- Slippage, 4 orders
- −$22.78
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$38.18
- Costs to cover
- 0.278%
- Break-even
- never at this rate
Slippage from Extended: live order book, 30 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 Extended live order book, 30 min ago | 2.91 bp | 7.3 bp −$7 | 41.0 bp −$410 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.98 bp | 4.4 bp −$4 | 18.5 bp −$185 | 56.4 bp −$5,644 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005095 | −0.283% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005103 | −0.126% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005104 | −0.116% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005113 | +0.070% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005108 | −0.026% | $99.5M | $420.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005105 | −0.087% | $162.5M | $97.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005097 | −0.251% | $597K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005097 | −0.237% | $28K | $544K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005116 | +0.122% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005110 | +0.011% | $593K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0101% | 8h | 0.000005111 | +0.038% | $25.9M | $72.5M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0142% | 1h | 0.000005107 | −0.048% | $73K | $127K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0143% | 1h | 0.000005110 | +0.011% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005109 | −0.004% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0285% | 8h | 0.000005109 | −0.018% | $45.8M | $216.0M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0334% | 1h | 0.000005099 | −0.204% | $148K | $829K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0393% | 8h | 0.000005110 | +0.011% | $47.3M | $726.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0397% | 8h | 0.000005111 | +0.038% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0430% | 1h | 0.000005118 | +0.167% | $73K | $860K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0457% | 1h | 0.000005108 | −0.024% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0507% | 8h | 0.000005110 | +0.007% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0513% | 8h | 0.000005114 | +0.089% | $4.4M | $29.4M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0526% | 8h | 0.000005111 | +0.025% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005118 | +0.167% | $677K | $38.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005117 | +0.148% | $617 | $3K | 10x | as long as short |
| Lighter 1000PEPEshort | +0.0688% | 1h | 0.000005116 | +0.128% | $611K | $9.1M | 10x | |
| BingX 1000PEPE-USDC | +0.0731% | 8h | 0.000005110 | +0.013% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0736% | 1h | 0.000005109 | −0.018% | $164K | $959K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0752% | 8h | 0.000005111 | +0.038% | $1.8M | $11.7M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0757% | 8h | 0.000005110 | +0.015% | $140.5M | $1.47B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0758% | 8h | 0.000005110 | +0.015% | $99.2M | $306.0M | 300x | as long as short |
| Extended 1000PEPE-USDlong | +0.0760% | 1h | 0.000005109 | long leg | $537K | $284K | 25x | |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005116 | +0.128% | $145K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0938% | 1h | 0.000005113 | +0.070% | $52.9M | $156.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1131% / S −0.2249% | 1h | 0.000005000 | −2.142% | $64K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]