Funding you earn now, next payment 07:00 UTC−0.0340%/8h= −37.2% APRnext payment −$0.42 per $10,000 · paid last 24h −0.076%
Price spread now: ApeX Omni against Lighter−0.077%48s7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.077%, 7d avg −0.053%
=Together, before fees−0.005%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.024% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.053%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.108% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 per $10,000. 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 | Lighter 1000PEPE | 0.000005165 | 0.0792 | pay 0.0099% / 1h | 58m 26s | $617K | $9.0M | 10x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000005161 | 0.0452 | get 0.0057% / 1h | 58m 26s | $150K | $830K | 25x |
Lighter 1000PEPE
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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
- −$71.3
- Price spread: −0.077% → −0.053%
- −$2.42
- Slippage, 4 orders
- −$27.11
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$110.82
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; ApeX Omni: live order book, 45 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 Lighter live order book, 5 min ago | 2.90 bp | 11.6 bp −$12 | 22.9 bp −$229 | 51.5 bp −$5,148 | doesn't fit |
| Sell ApeX Omni live order book, 45 min ago | 2.51 bp | 9.7 bp −$10 | 101.0 bp −$1,010 | doesn't fit | 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 | 0.000005158 | −0.136% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005159 | −0.112% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005160 | −0.097% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005165 | +0.006% | $100.9M | $422.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005159 | −0.116% | $164.1M | $97.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005174 | +0.166% | $606K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005163 | −0.034% | $28K | $545K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005172 | +0.139% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005166 | +0.027% | $600K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0112% | 8h | 0.000005163 | −0.046% | $26.5M | $72.7M | 75x | as long as short |
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-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0176% | 1h | 0.000005166 | +0.019% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005169 | +0.079% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0283% | 8h | 0.000005168 | +0.062% | $46.3M | $216.7M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0398% | 8h | 0.000005170 | +0.097% | $47.6M | $739.1M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0402% | 8h | 0.000005167 | +0.046% | $34K | $26K | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005172 | +0.136% | $9K | $120K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0442% | 1h | 0.000005163 | −0.031% | $75K | $867K | 15x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0452% | 1h | 0.000005161 | −0.077% | $150K | $830K | 25x | |
| Phemex u1000PEPEUSDT | +0.0520% | 8h | 0.000005167 | +0.035% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0521% | 8h | 0.000005164 | −0.019% | $4.4M | $30.0M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0524% | 8h | 0.000005160 | −0.103% | $6K | — | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005171 | +0.116% | $697K | $39.1M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0710% | 1h | 0.000005165 | −0.008% | $4.7M | $16.5M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0719% | 1h | 0.000005167 | +0.039% | $74K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0723% | 8h | 0.000005160 | −0.095% | — | $2.3M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0745% | 8h | 0.000005167 | +0.034% | $1.8M | $11.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0752% | 1h | 0.000005166 | +0.019% | $623 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0752% | 1h | 0.000005170 | +0.097% | $165K | $954K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0757% | 8h | 0.000005163 | −0.037% | $100.6M | $302.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0758% | 8h | 0.000005165 | −0.008% | $141.7M | $1.47B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005163 | −0.032% | $542K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005168 | +0.058% | $146K | — | 3x | as long as short |
| Lighter 1000PEPElong | +0.0792% | 1h | 0.000005165 | long leg | $617K | $9.0M | 10x | |
| Hyperliquid kPEPE | +0.0959% | 1h | 0.000005174 | +0.174% | $53.7M | $157.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2249% | 1h | 0.000005000 | −3.195% | $64K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
Nado kPEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]