Funding you earn now, next payment 04:00 UTC+0.0429%/8h= +47.0% APRpaid last 24h +0.113%
Price spread now: Lighter against OKX+0.078%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$370.367% of the position
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 7 days−0.170%−$17 · spread now +0.078%, 7d avg +0.031%
=Together, before fees+0.008%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Lighter is 0.047% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.031%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% 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 | OKX PEPE-USDT-SWAP | 0.000005154 | 0.0395 | pay 0.0395% / 8h | 4h 14m | $48.2M | $630.4M | 50x |
| Short | Lighter 1000PEPE | 0.000005158 | 0.0824 | get 0.0103% / 1h | 14m 10s | $612K | $8.3M | 10x |
OKX PEPE-USDT-SWAP
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $90.09
- Price spread: +0.078% → +0.031%
- $4.66
- Slippage, 4 orders
- −$26.69
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $58.06
- Costs to cover
- 0.367%
- Break-even
- 2.5 days
Slippage from OKX: live order book, 5 min ago; Lighter: live order book, 4 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 OKX live order book, 5 min ago | 0.97 bp | 8.5 bp −$8 | 16.1 bp −$161 | 52.3 bp −$5,229 | doesn't fit |
| Sell Lighter live order book, 4 min ago | 6.80 bp | 9.1 bp −$9 | 16.5 bp −$165 | 44.3 bp −$4,429 | 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 | 0.000005155 | +0.011% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005148 | −0.122% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005166 | +0.233% | $66K | $146K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005148 | −0.113% | $99.5M | $359.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005148 | −0.116% | $167.7M | $82.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005152 | −0.033% | $26.2M | $65.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005163 | +0.167% | $807K | $4.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005166 | +0.236% | $28K | $480K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005153 | −0.029% | $2K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005166 | +0.227% | $599K | $3.7M | 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 | 0.000005153 | −0.027% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0214% | 8h | 0.000005155 | +0.023% | $47.6M | $180.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | +0.369% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0358% | 8h | 0.000005154 | −0.004% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0395% | 8h | 0.000005154 | long leg | $48.2M | $630.4M | 50x | |
| BloFin PEPE-USDT | +0.0512% | 8h | 0.000005167 | +0.252% | $4.6M | $26.7M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0528% | 1h | 0.000005148 | −0.116% | $73K | $125K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0592% | 8h | 0.000005155 | +0.023% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005154 | 0.000% | $967K | $34.1M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0711% | 8h | 0.000005153 | −0.021% | — | $263.0M | — | as long as short |
| SoDEX 1000PEPE-USD | +0.0746% | 1h | 0.000005157 | +0.058% | $2K | $10K | 10x | as long as short |
| MEXC PEPE_USDT | +0.0750% | 8h | 0.000005158 | +0.078% | $99.2M | $292.1M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0752% | 1h | 0.000005153 | −0.016% | $547K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005156 | +0.039% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0754% | 8h | 0.000005156 | +0.035% | $146.8M | $1.26B | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0798% | 8h | 0.000005161 | +0.142% | $6K | — | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0803% / S −0.1617% | 1h | 0.000005000 | −2.988% | $62K | — | 100x | as long as short |
| Lighter 1000PEPEshort | +0.0824% | 1h | 0.000005158 | +0.078% | $612K | $8.3M | 10x | |
| ApeX Omni 1000PEPEUSDT | +0.0824% | 1h | 0.000005166 | +0.233% | $101K | $744K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0861% | 8h | 0.000005154 | 0.000% | $1.8M | $9.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0941% | 1h | 0.000005156 | +0.030% | $185K | $903K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1104% | 1h | 0.000005169 | +0.291% | $623 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1141% | 1h | 0.000005152 | −0.041% | $65K | $686K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1264% | 1h | 0.000005154 | +0.003% | $4.6M | $16.0M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1572% | 1h | 0.000005159 | +0.097% | $55.7M | $142.2M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
SoDEX 1000PEPE-USD
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE