Funding you earn now, next payment 23:00 UTC+0.0641%/8h= +70.2% APRpaid last 24h −0.094%
Price spread now: Binance against Lighter−0.006%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 7 days+0.174%+$17 · spread now −0.006%, 7d avg +0.021%
=Together, before fees+0.034%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.027% cheaper against Lighter than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.021%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% 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 | Lighter 1000PEPE | 0.000004784 | 0.0096 | pay 0.0012% / 1h | 6m 04s | $667K | $6.0M | 10x |
| Short | Binance 1000PEPEUSDT | 0.000004784 | 0.0737 | get 0.0737% / 8h | 1h 06m | $130.3M | $1.04B | 75x |
Lighter 1000PEPE
Binance 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $134.62
- Price spread: −0.006% → +0.021%
- −$2.69
- Slippage, 4 orders
- −$14.05
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $107.88
- Costs to cover
- 0.241%
- Break-even
- 1.4 days
Slippage from Lighter: live order book, 7 min ago; Binance: live order book, 8 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, 7 min ago | 4.17 bp | 5.7 bp −$6 | 16.8 bp −$168 | 40.6 bp −$4,064 | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.10 bp | 6.8 bp −$7 | 13.0 bp −$130 | 37.4 bp −$3,740 | 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 | 0.000004786 | +0.035% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004784 | +0.002% | $14K | — | 150x | as long as short |
| Lighter 1000PEPElong | +0.0096% | 1h | 0.000004784 | long leg | $667K | $6.0M | 10x | |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004780 | −0.084% | $63.1M | $83.9M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004789 | +0.105% | $59K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004781 | −0.063% | $87.0M | $283.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004783 | −0.021% | $150.1M | $63.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004780 | −0.084% | $24.7M | $54.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004794 | +0.206% | $543K | $4.0M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004796 | +0.245% | $28K | $344K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000004795 | +0.234% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004785 | +0.021% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004789 | +0.113% | $541K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0105% | 8h | 0.000004780 | −0.075% | $42.0M | $148.7M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004788 | +0.081% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0220% | 8h | 0.000004782 | −0.042% | $41.3M | $490.7M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0259% | 8h | 0.000004785 | +0.024% | $5K | $16 | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0332% / S −0.0359% | 1h | 0.000004000 | −16.388% | $42K | — | 100x | as long as short |
| Phemex u1000PEPEUSDT | +0.0333% | 8h | 0.000004784 | +0.006% | $2.3M | $6.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0343% | 8h | 0.000004784 | 0.000% | $3.9M | $22.1M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0377% | 1h | 0.000004788 | +0.084% | $81K | $94K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0397% | 1h | 0.000004791 | +0.146% | $101K | $764K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0400% | 1h | 0.000004788 | +0.084% | $548 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004788 | +0.084% | $578K | $25.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0448% | 8h | 0.000004790 | +0.121% | $29K | $11K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0583% | 1h | 0.000004786 | +0.033% | $92K | $615K | 15x | as long as short |
| BingX 1000PEPE-USDC | +0.0735% | 8h | 0.000004779 | −0.094% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0736% | 1h | 0.000004781 | −0.070% | $526K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0736% | 1h | 0.000004791 | +0.146% | $135K | — | 3x | as long as short |
| Binance 1000PEPEUSDTshort | +0.0737% | 8h | 0.000004784 | −0.006% | $130.3M | $1.04B | 75x | |
| MEXC PEPE_USDT | +0.0740% | 8h | 0.000004782 | −0.036% | $91.9M | $286.3M | 300x | as long as short |
| Nado kPEPE-PERP | +0.0749% | 1h | 0.000004788 | +0.084% | $184K | $845K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0750% | 8h | 0.000004785 | +0.013% | $1.5M | $7.2M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004783 | −0.021% | $4K | $103K | 12x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1333% | 1h | 0.000004785 | +0.021% | $3.9M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Kraken Futures PF_PEPEUSD