Funding you earn now, next payment 06:00 UTC−0.0449%/8h= −49.1% APRnext payment −$0.56 per $10,000 · paid last 24h −0.082%
Price spread now: SoDEX against Lighter−0.060%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SoDEX is 0.060% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000PEPE | 0.000005032 | 0.0656 | pay 0.0082% / 1h | 25m 01s | $597K | $9.0M | 10x |
| Short | SoDEX 1000PEPE-USD | 0.000005029 | 0.0207 | get 0.0026% / 1h | 25m 01s | $2K | $10K | 10x |
Lighter 1000PEPE
SoDEX 1000PEPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$94.22
- Price spread: −0.060% → 0.000%
- −$5.96
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$108.18
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 3 min ago; SoDEX: no order-book sample. Net counts fees only.
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, 3 min ago | 8.00 bp | 9.4 bp −$9 | 16.6 bp −$166 | 44.3 bp −$4,433 | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000005017 | −0.295% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000005024 | −0.157% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005020 | −0.238% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005013 | −0.378% | $98.1M | $405.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005018 | −0.278% | $161.6M | $94.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005029 | −0.058% | $25.0M | $70.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005002 | −0.603% | $598K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004994 | −0.755% | $27K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005030 | −0.038% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005025 | −0.141% | $563K | $4.1M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005027 | −0.108% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USDshort | +0.0207% | 1h | 0.000005029 | −0.060% | $2K | $10K | 10x | |
| Bitget PEPEUSDT | +0.0333% | 8h | 0.000005015 | −0.334% | $45.0M | $210.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0398% | 8h | 0.000005033 | +0.020% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005018 | −0.278% | $46.4M | $686.3M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0542% | 8h | 0.000005022 | −0.199% | $4.4M | $28.0M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0557% | 8h | 0.000005021 | −0.214% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0638% | 8h | 0.000005026 | −0.111% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0641% | 1h | 0.000005019 | −0.264% | $73K | $831K | 15x | as long as short |
| Lighter 1000PEPElong | +0.0656% | 1h | 0.000005032 | long leg | $597K | $9.0M | 10x | |
| 01 Exchange kPEPEUSD | +0.0656% | 1h | 0.000005031 | −0.020% | $607 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005033 | +0.020% | $643K | $36.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0689% | 1h | 0.000005000 | −0.636% | $154K | $813K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0717% | 1h | 0.000005027 | −0.106% | $165K | $943K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0751% | 8h | 0.000005015 | −0.344% | — | $239.1M | — | as long as short |
| MEXC PEPE_USDT | +0.0785% | 8h | 0.000005021 | −0.219% | $95.8M | $302.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0790% | 8h | 0.000005018 | −0.273% | $140.7M | $1.41B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005030 | −0.036% | $530K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005030 | −0.040% | $142K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0837% | 8h | 0.000005026 | −0.124% | $1.8M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0850% | 1h | 0.000005027 | −0.105% | $4.6M | $16.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0944% | 1h | 0.000005031 | −0.020% | $72K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0994% | 1h | 0.000005019 | −0.258% | $52.9M | $152.2M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1128% / S −0.2169% | 1h | 0.000005000 | −0.636% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004992 | −0.795% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP