Funding you earn now, next payment 08:00 UTC−0.0394%/8h= −43.1% APRpaid last 24h −0.141%
Price spread now: OKX against Lighter+0.194%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days−0.205%−$21 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now +0.194%, 7d avg −0.032%
=Together, before fees−0.316%+ Points / potential airdropLighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.226% dearer against Lighter than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of −0.032%): +$23 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.205% in total) that is about 7.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.205% in total (about -10.7% 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 | 0.000005165 | 0.0792 | pay 0.0099% / 1h | 58m 16s | $617K | $9.0M | 10x |
| Short | OKX PEPE-USDT-SWAP | 0.000005175 | 0.0398 | get 0.0398% / 8h | 58m 16s | $47.7M | $739.8M | 50x |
Lighter 1000PEPE
OKX PEPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$82.68
- Price spread: +0.194% → −0.032%
- $22.57
- Slippage, 4 orders
- −$19.95
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$90.06
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; OKX: live order book, 6 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 OKX live order book, 6 min ago | 0.97 bp | 6.0 bp −$6 | 9.6 bp −$96 | 30.8 bp −$3,077 | 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 | 0.000005169 | +0.083% | $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 | 0.000005172 | +0.136% | $101.1M | $422.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005163 | −0.039% | $164.2M | $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 | 0.000005177 | +0.230% | $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 | 0.000005161 | −0.081% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005169 | +0.079% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0283% | 8h | 0.000005177 | +0.232% | $46.4M | $216.7M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0363% | 1h | 0.000005175 | +0.194% | $2K | $11K | 10x | as long as short |
| OKX PEPE-USDT-SWAPshort | +0.0398% | 8h | 0.000005175 | +0.194% | $47.7M | $739.8M | 50x | |
| Orderly PERP_1000PEPE_USDC | +0.0403% | 8h | 0.000005175 | +0.196% | $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 1000PEPEUSDT | +0.0452% | 1h | 0.000005161 | −0.077% | $150K | $830K | 25x | as long as short |
| 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 | 0.000005176 | +0.213% | $697K | $39.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0709% | 1h | 0.000005173 | +0.151% | $4.7M | $16.5M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0721% | 8h | 0.000005175 | +0.199% | — | $218.1M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0745% | 8h | 0.000005175 | +0.191% | $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 | 0.000005168 | +0.052% | $100.7M | $302.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0758% | 8h | 0.000005174 | +0.182% | $142.0M | $1.47B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005174 | +0.168% | $542K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005175 | +0.194% | $146K | — | 3x | as long as short |
| Lighter 1000PEPElong | +0.0792% | 1h | 0.000005165 | long leg | $617K | $9.0M | 10x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0911% | 1h | 0.000005174 | +0.174% | $74K | $127K | 25x | as long as short |
| 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 −0.1782% | 1h | 0.000005000 | −3.195% | $69K | — | 100x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
SoDEX 1000PEPE-USD
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
Nado kPEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]