PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h +0.074%

Price spread now: Lighter against SoDEX−0.097%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Lighter is 0.097% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.1 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000PEPE-USD	0.000005133	0.0759	pay 0.0095% / 1h	37m 46s	$2K	$12K	10x
Short	Lighter 1000PEPE	0.000005128	0.0912	get 0.0114% / 1h	37m 46s	$581K	$8.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee LighterbpOrdersPrice spread, now −0.097%Rate

Funding earned: $32.17
Price spread: −0.097% → 0.000%: −$9.74
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $14.43
Costs to cover: 0.080%
Break-even: 3.9 days

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 6 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	3.92 bp	5.0 bp −$5	14.6 bp −$146	44.9 bp −$4,490	doesn't fit

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	0.000005109	−0.466%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005123	−0.189%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005116	−0.331%	$65K	$141K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005135	+0.037%	$100.4M	$347.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005130	−0.058%	$170.6M	$76.4M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005134	+0.025%	$26.3M	$64.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005091	−0.827%	$688K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005091	−0.827%	$31K	$451K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005140	+0.129%	$2K	$2.4M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005147	+0.267%	$589K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEPEUSDT	+0.0177%	8h	0.000005136	+0.053%	$46.7M	$175.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005141	+0.164%	$8K	—	15x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005044	−1.734%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0336%	8h	0.000005132	−0.023%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0368%	8h	0.000005138	+0.097%	$46.7M	$610.4M	50x	as long as short
BloFin PEPE-USDT	+0.0488%	8h	0.000005096	−0.721%	$4.3M	$25.6M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0566%	8h	0.000005123	−0.199%	$2.4M	$7.1M	50x	as long as short
BingX 1000PEPE-USDC	+0.0642%	8h	0.000005135	+0.031%	—	$2.3M	—	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005136	+0.058%	$973K	$32.4M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0677% / S −0.0932%	1h	0.000005000	−2.591%	$46K	—	100x	as long as short
Aevo 1000PEPE-PERP	+0.0696%	1h	0.000005124	−0.175%	$145K	—	3x	as long as short
MEXC PEPE_USDT	+0.0699%	8h	0.000005134	+0.010%	$94.9M	$288.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0702%	8h	0.000005135	+0.045%	$145.6M	$1.23B	75x	as long as short
Extended 1000PEPE-USD	+0.0704%	1h	0.000005133	−0.004%	$544K	$226K	25x	as long as short
SoDEX 1000PEPE-USDlong	+0.0759%	1h	0.000005133	long leg	$2K	$12K	10x
Nado kPEPE-PERP	+0.0768%	1h	0.000005142	+0.183%	$202K	$881K	10x	as long as short
Aster 1000PEPEUSDT	+0.0795%	8h	0.000005135	+0.030%	$1.8M	$9.3M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0813%	8h	0.000005113	−0.385%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0824%	1h	0.000005099	−0.662%	$101K	$743K	25x	as long as short
Lighter 1000PEPEshort	+0.0912%	1h	0.000005128	−0.097%	$581K	$8.2M	10x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0921%	1h	0.000005130	−0.058%	$72K	$124K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0981%	1h	0.000005135	+0.037%	$101K	$657K	15x	as long as short
01 Exchange kPEPEUSD	+0.1064%	1h	0.000005134	+0.019%	$619	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1269%	1h	0.000005131	−0.045%	$4.5M	$15.5M	50x	as long as short
Hyperliquid kPEPE	+0.1503%	1h	0.000005144	+0.214%	$55.2M	$140.5M	10x	as long as short