Funding you earn now, next payment 09:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h −0.149%
Price spread now: Bitget against Lighter+0.064%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 7 days+0.166%+$17 · spread now +0.064%, 7d avg −0.009%
=Together, before fees−0.037%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.072% dearer against Lighter than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.009%): +$7 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.204% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.204% in total (about -10.6% 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 | 0.000005015 | 0.0592 | pay 0.0074% / 1h | 32m 00s | $586K | $9.1M | 10x |
| Short | Bitget PEPEUSDT | 0.000005018 | 0.0199 | get 0.0199% / 8h | 7h 32m | $45.6M | $223.5M | 75x |
Lighter 1000PEPE
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$82.53
- Price spread: +0.064% → −0.009%
- $7.23
- Slippage, 4 orders
- −$25.72
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$113.02
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Bitget: live order book, 2 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, 6 min ago | 1.96 bp | 10.5 bp −$10 | 16.2 bp −$162 | 41.6 bp −$4,158 | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.78 bp | 9.1 bp −$9 | 11.9 bp −$119 | 22.4 bp −$2,239 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000005011 | −0.080% | $71K | $128K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005003 | −0.235% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005050 | +0.698% | $59K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005022 | +0.132% | $97.5M | $438.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005006 | −0.179% | $159.0M | $99.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005087 | +1.429% | $637K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005088 | +1.447% | $28K | $551K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005023 | +0.154% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005015 | −0.010% | $584K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005088 | +1.456% | $7K | $121K | 12x | as long as short |
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0150% | 1h | 0.000005014 | −0.020% | $2K | $11K | 10x | as long as short |
| KuCoin PEPEUSDTM | +0.0164% | 8h | 0.000005010 | −0.090% | $26.3M | $74.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005014 | −0.021% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTshort | +0.0199% | 8h | 0.000005018 | +0.064% | $45.6M | $223.5M | 75x | |
| ApeX Omni 1000PEPEUSDT | +0.0315% | 1h | 0.000005102 | +1.735% | $150K | $839K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0321% | 8h | 0.000005022 | +0.140% | $45.3M | $738.1M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0388% | 1h | 0.000005008 | −0.134% | $96K | $909K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0408% | 8h | 0.000005056 | +0.819% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0435% | 8h | 0.000005022 | +0.136% | $33K | $30K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0444% | 8h | 0.000005070 | +1.097% | $4.4M | $30.2M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0460% | 1h | 0.000005015 | 0.000% | $51.9M | $160.7M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005012 | −0.060% | $711K | $39.0M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0544% | 1h | 0.000005033 | +0.359% | $607 | $2K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0576% | 8h | 0.000005012 | −0.070% | $2.3M | $8.1M | 50x | as long as short |
| Lighter 1000PEPElong | +0.0592% | 1h | 0.000005015 | long leg | $586K | $9.1M | 10x | |
| BingX 1000PEPE-USDT | +0.0629% | 8h | 0.000005014 | −0.016% | — | $176.8M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0633% | 1h | 0.000005008 | −0.132% | $4.7M | $16.8M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000005013 | −0.036% | $527K | $284K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0651% | 8h | 0.000005018 | +0.057% | $138.4M | $1.52B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0654% | 8h | 0.000005012 | −0.050% | $98.3M | $308.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0656% | 1h | 0.000005051 | +0.718% | $143K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0670% | 8h | 0.000005020 | +0.096% | $1.7M | $12.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0695% | 1h | 0.000005010 | −0.107% | $157K | $967K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0972% / S −0.1091% | 1h | 0.000005000 | −0.299% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.2817% | 1h | 0.000005048 | +0.652% | $19K | $2K | 10x | as long as short |
SoDEX 1000PEPE-USD
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Hyperliquid kPEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD