Funding you earn now, next payment 01:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.080%
Price spread now: Lighter against HTX+0.145%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 3 days (all we have)−0.200%−$20 · spread now +0.145%, 7d avg +0.020%
=Together, before fees−0.118%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.125% dearer against HTX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.020%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% 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 | HTX PEPE-USDT | 0.000004976 | 0.0100 | pay 0.0100% / 8h | 7h 25m | $558K | $3.5M | 75x |
| Short | Lighter 1000PEPE | 0.000004983 | 0.0376 | get 0.0047% / 1h | 25m 58s | $584K | $6.7M | 10x |
HTX PEPE-USDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. 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
- $57.96
- Price spread: +0.145% → +0.020%
- $12.46
- Slippage, 4 orders
- −$35.82
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $22.6
- Costs to cover
- 0.478%
- Break-even
- 4.3 days
Slippage from HTX: live order book, 3 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 HTX live order book, 3 min ago | 10.38 bp | 17.4 bp −$17 | 50.9 bp −$509 | 127.1 bp −$12.7K | doesn't fit |
| Sell Lighter live order book, 7 min ago | 4.05 bp | 9.9 bp −$10 | 24.2 bp −$242 | 54.3 bp −$5,433 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0118% | 1h | 0.000004979 | +0.066% | $3.9M | $14.1M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004976 | −0.002% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004976 | +0.004% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004983 | +0.145% | $58K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004970 | −0.113% | $92.3M | $304.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004971 | −0.096% | $157.8M | $66.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004976 | −0.002% | $25.2M | $56.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004977 | +0.022% | $43.4M | $152.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004973 | −0.063% | $612K | $4.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004970 | −0.115% | $52K | $377K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | 0.000004987 | +0.225% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004980 | +0.084% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDTlong | +0.0100% | 8h | 0.000004976 | long leg | $558K | $3.5M | 75x | |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004971 | −0.088% | $2.4M | $6.7M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0183% | 8h | 0.000004974 | −0.036% | $43.8M | $530.2M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004976 | +0.014% | $8K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0208% | 8h | 0.000004978 | +0.053% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0285% | 8h | 0.000004980 | +0.088% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0301% | 8h | 0.000004972 | −0.076% | $4.0M | $23.6M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0348% | 1h | 0.000004968 | −0.157% | $103K | $755K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004982 | +0.125% | $675K | $27.2M | 50x | as long as short |
| Lighter 1000PEPEshort | +0.0376% | 1h | 0.000004983 | +0.145% | $584K | $6.7M | 10x | |
| Nado kPEPE-PERP | +0.0455% | 1h | 0.000004980 | +0.082% | $192K | $857K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0479% | 8h | 0.000004974 | −0.032% | — | $257.2M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0480% / S −0.0383% | 1h | 0.000004000 | −19.611% | $62K | — | 100x | as long as short |
| Extended 1000PEPE-USD | +0.0488% | 1h | 0.000004972 | −0.069% | $546K | $148K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0488% | 1h | 0.000004988 | +0.245% | $1K | $2K | 10x | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000004977 | +0.024% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0489% | 8h | 0.000004973 | −0.046% | $98.3M | $285.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0489% | 8h | 0.000004979 | +0.068% | $138.8M | $1.10B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0518% | 8h | 0.000004980 | +0.093% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0564% | 1h | 0.000004976 | −0.006% | $94K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004937 | −0.780% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPE | +0.0818% | 1h | 0.000004989 | +0.265% | $59.2M | $120.3M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0957% | 1h | 0.000004979 | +0.064% | $68K | $110K | 25x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Extended 1000PEPE-USD
01 Exchange kPEPEUSD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Hyperliquid kPEPE
Deribit 1000PEPE_USDC-PERPETUAL