Funding you earn now, next payment 06:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h −0.053%
Price spread now: Extended against Lighter−0.159%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.159%, 7d avg −0.080%
=Together, before fees−0.051%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.079% cheaper against Lighter than usual: you would sell low and buy high (spread −0.159% now, against its 7-day average of −0.080%). If the spread goes back, that is −$8 on $10k: about 34 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.095%, 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 -0.095% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 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 | 0.000005160 | 0.0600 | pay 0.0075% / 1h | 2m 12s | $622K | $9.1M | 10x |
| Short | Extended 1000PEPE-USD | 0.000005152 | 0.0784 | get 0.0098% / 1h | 2m 12s | $544K | $281K | 25x |
Lighter 1000PEPE
Extended 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $38.64
- Price spread: −0.159% → −0.080%
- −$7.87
- Slippage, 4 orders
- −$26.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$0.5
- Costs to cover
- 0.313%
- Break-even
- 7.1 days
Slippage from Lighter: live order book, 6 min ago; Extended: live order book, 46 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 | 6.75 bp | 6.8 bp −$7 | 8.1 bp −$81 | 36.4 bp −$3,639 | doesn't fit |
| Sell Extended live order book, 46 min ago | 2.98 bp | 7.5 bp −$7 | 43.1 bp −$431 | 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 | 0.000005139 | −0.398% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0007% | 1h | 0.000005144 | −0.302% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005142 | −0.349% | $59K | $178K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005155 | −0.103% | $100.7M | $410.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005142 | −0.349% | $162.7M | $95.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005153 | −0.130% | $26.0M | $71.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005136 | −0.473% | $614K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005133 | −0.527% | $28K | $540K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005159 | −0.019% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005137 | −0.442% | $584K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0137% | 1h | 0.000005154 | −0.116% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005151 | −0.173% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0318% | 8h | 0.000005150 | −0.194% | $45.8M | $213.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005146 | −0.277% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005154 | −0.116% | $48.1M | $716.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0537% | 8h | 0.000005139 | −0.399% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0543% | 8h | 0.000005131 | −0.562% | $4.4M | $29.2M | 75x | as long as short |
| Lighter 1000PEPElong | +0.0600% | 1h | 0.000005160 | long leg | $622K | $9.1M | 10x | |
| Phemex u1000PEPEUSDT | +0.0610% | 8h | 0.000005155 | −0.093% | $2.4M | $8.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0648% | 1h | 0.000005131 | −0.566% | $68K | $843K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0650% | 1h | 0.000005150 | −0.184% | $161K | $953K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005148 | −0.233% | $621 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005146 | −0.271% | $688K | $38.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0703% | 1h | 0.000005129 | −0.601% | $155K | $818K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0722% | 1h | 0.000005148 | −0.233% | $73K | $127K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0757% | 8h | 0.000005151 | −0.171% | — | $217.1M | — | as long as short |
| Extended 1000PEPE-USDshort | +0.0784% | 1h | 0.000005152 | −0.159% | $544K | $281K | 25x | |
| Binance 1000PEPEUSDT | +0.0788% | 8h | 0.000005156 | −0.076% | $143.3M | $1.44B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0791% | 8h | 0.000005147 | −0.256% | $99.0M | $305.1M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005143 | −0.329% | $145K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0817% | 8h | 0.000005144 | −0.318% | $1.8M | $11.5M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0828% | 1h | 0.000005155 | −0.100% | $4.7M | $16.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1032% | 1h | 0.000005157 | −0.058% | $55.0M | $153.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2351% | 1h | 0.000005000 | −3.101% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005120 | −0.775% | $10K | $119K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP