Funding you earn now, next payment 09:00 UTC−0.0468%/8h= −51.2% APRpaid last 24h −0.163%
Price spread now: HTX against Lighter−0.118%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.118%, 7d avg −0.049%
=Together, before fees+0.163%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and HTX is 0.069% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% 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 | 0.000005093 | 0.0568 | pay 0.0071% / 1h | 36m 12s | $609K | $9.0M | 10x |
| Short | HTX PEPE-USDT | 0.000005087 | 0.0100 | get 0.0100% / 8h | 7h 36m | $598K | $4.2M | 75x |
Lighter 1000PEPE
HTX PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$98.28
- Price spread: −0.118% → −0.049%
- −$6.87
- Slippage, 4 orders
- −$33.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$150.36
- Costs to cover
- 0.452%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; HTX: live order book, 3 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 | 1.95 bp | 7.7 bp −$8 | 13.3 bp −$133 | 41.9 bp −$4,188 | doesn't fit |
| Sell HTX live order book, 3 min ago | 5.61 bp | 11.8 bp −$12 | 20.6 bp −$206 | 118.0 bp −$11.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005085 | −0.165% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005095 | +0.039% | $59K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005085 | −0.147% | $98.2M | $436.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005086 | −0.137% | $161.6M | $99.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005099 | +0.111% | $638K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005089 | −0.085% | $28K | $550K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005100 | +0.147% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDTshort | +0.0100% | 8h | 0.000005087 | −0.118% | $598K | $4.2M | 75x | |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005082 | −0.216% | $7K | $121K | 12x | as long as short |
| SoDEX 1000PEPE-USD | +0.0149% | 1h | 0.000005090 | −0.059% | $2K | $11K | 10x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
Injective PEPE/USDC PERP
SoDEX 1000PEPE-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0164% | 8h | 0.000005087 | −0.108% | $26.6M | $74.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005089 | −0.079% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0205% | 8h | 0.000005085 | −0.167% | $45.7M | $222.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0328% | 8h | 0.000005087 | −0.118% | $46.5M | $745.3M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0337% | 1h | 0.000005088 | −0.098% | $148K | $838K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0340% | 1h | 0.000005089 | −0.079% | $72K | $128K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0403% | 8h | 0.000005086 | −0.132% | $2.3M | $8.1M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0414% | 1h | 0.000005087 | −0.122% | $97K | $908K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0414% | 8h | 0.000005097 | +0.071% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0434% | 8h | 0.000005092 | −0.012% | $33K | $27K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0450% | 8h | 0.000005095 | +0.039% | $4.4M | $30.3M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0479% | 1h | 0.000005090 | −0.059% | $52.8M | $160.4M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005089 | −0.079% | $679K | $39.6M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0536% | 1h | 0.000005096 | +0.059% | $615 | $2K | 10x | as long as short |
| Lighter 1000PEPElong | +0.0568% | 1h | 0.000005093 | long leg | $609K | $9.0M | 10x | |
| Kraken Futures PF_PEPEUSD | +0.0623% | 1h | 0.000005086 | −0.135% | $4.7M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0642% | 8h | 0.000005089 | −0.084% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0656% | 1h | 0.000005091 | −0.049% | $536K | $281K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0656% | 1h | 0.000005092 | −0.020% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0657% | 8h | 0.000005085 | −0.149% | $100.3M | $307.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0658% | 8h | 0.000005087 | −0.110% | $140.2M | $1.51B | 75x | as long as short |
| Nado kPEPE-PERP | +0.0667% | 1h | 0.000005088 | −0.088% | $162K | $964K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0676% | 8h | 0.000005092 | −0.020% | $1.7M | $12.0M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1149% | 1h | 0.000005000 | −1.826% | $51K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.1245% | 1h | 0.000005086 | −0.145% | $19K | $649 | 10x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
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
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD