PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0680%/8h= +74.5% APRnext payment +$0.85 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter against 01 Exchange+0.298%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Lighter is 0.298% dearer against 01 Exchange than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000005040	0.0952	pay 0.0119% / 1h	19m 03s	$1K	$2K	10x
Short	Lighter 1000PEPE	0.000005055	0.1632	get 0.0204% / 1h	19m 03s	$1.1M	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. 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 01 ExchangebpFee LighterbpOrdersPrice spread, now +0.298%Rate

Funding earned: $142.8
Price spread: +0.298% → 0.000%: $29.76
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $165.56
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	3.95 bp	7.3 bp −$7	19.6 bp −$196	55.3 bp −$5,533	doesn't fit

01 Exchange: 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 34 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	0.000005030	−0.197%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005030	−0.198%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005039	−0.020%	$61K	$126K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005050	+0.194%	$97.9M	$324.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005040	0.000%	$161.5M	$71.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005043	+0.056%	$25.4M	$60.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005048	+0.161%	$45.7M	$162.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005056	+0.309%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005059	+0.385%	$27K	$421K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005055	+0.292%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005040	−0.008%	$565K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005038	−0.031%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0239%	8h	0.000005051	+0.218%	$44.9M	$569.1M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0280%	8h	0.000005049	+0.183%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0301%	1h	0.000005059	+0.377%	$106K	$746K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005051	+0.218%	$746K	$29.8M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0492%	8h	0.000005044	+0.071%	$2.4M	$7.0M	50x	as long as short
BingX 1000PEPE-USDC	+0.0497%	8h	0.000005037	−0.060%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0515% / S −0.0543%	1h	0.000005000	−0.794%	$56K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0520%	1h	0.000005045	+0.106%	$554K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0520%	1h	0.000005046	+0.119%	$143K	—	3x	as long as short
MEXC PEPE_USDT	+0.0523%	8h	0.000005043	+0.065%	$94.2M	$291.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0524%	8h	0.000005058	+0.359%	$142.5M	$1.17B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0551%	1h	0.000005046	+0.119%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0575%	8h	0.000005031	−0.180%	$6K	$16	20x	as long as short
Aster 1000PEPEUSDT	+0.0617%	8h	0.000005046	+0.115%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0652%	1h	0.000005040	+0.005%	$180K	$881K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0825%	1h	0.000005046	+0.117%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+1.151%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0919%	1h	0.000005048	+0.163%	$99K	$618K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0940%	1h	0.000005046	+0.119%	$61K	$114K	25x	as long as short
01 Exchange kPEPEUSDlong	+0.0952%	1h	0.000005040	long leg	$1K	$2K	10x
Lighter 1000PEPEshort	+0.1632%	1h	0.000005055	+0.298%	$1.1M	$7.4M	10x
Hyperliquid kPEPE	+0.2158%	1h	0.000005055	+0.298%	$55.7M	$136.0M	10x	as long as short