Funding you earn now, next payment 09:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.004%
Price spread now: Lighter against Aster+0.081%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days−0.396%−$40 · spread now +0.081%, 7d avg −0.029%
=Together, before fees−0.435%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.110% dearer against Aster than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of −0.029%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.040% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster 1000PEPEUSDT | 0.000005105 | 0.0674 | pay 0.0674% / 8h | 7h 37m | $1.7M | $12.0M | 50x |
| Short | Lighter 1000PEPE | 0.000005109 | 0.0544 | get 0.0068% / 1h | 37m 37s | $611K | $9.0M | 10x |
Aster 1000PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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
- −$27.25
- Price spread: +0.081% → −0.029%
- $10.97
- Slippage, 4 orders
- −$22.93
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$47.21
- Costs to cover
- 0.309%
- Break-even
- never at this rate
Slippage from Aster: live order book, 1 min ago; Lighter: 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 Aster live order book, 1 min ago | 3.34 bp | 8.2 bp −$8 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 1.95 bp | 6.7 bp −$7 | 16.1 bp −$161 | 43.8 bp −$4,378 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005089 | −0.303% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005107 | +0.042% | $59K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005101 | −0.076% | $98.4M | $436.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005101 | −0.076% | $161.9M | $99.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005099 | −0.121% | $638K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005089 | −0.317% | $28K | $550K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005105 | +0.001% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005080 | −0.487% | $598K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0132% | 1h | 0.000005101 | −0.076% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005084 | −0.409% | $7K | $121K | 12x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERPShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0163% | 8h | 0.000005106 | +0.018% | $26.7M | $74.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005102 | −0.062% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0205% | 8h | 0.000005099 | −0.117% | $45.8M | $222.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0330% | 8h | 0.000005101 | −0.076% | $46.6M | $747.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0381% | 1h | 0.000005107 | +0.042% | $149K | $838K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0403% | 1h | 0.000005112 | +0.134% | $98K | $907K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0412% | 8h | 0.000005107 | +0.040% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0435% | 8h | 0.000005097 | −0.146% | $33K | $27K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0453% | 8h | 0.000005102 | −0.060% | $2.3M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0456% | 8h | 0.000005088 | −0.330% | $4.4M | $30.3M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0490% | 1h | 0.000005112 | +0.140% | $53.0M | $160.3M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005085 | −0.389% | $675K | $39.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0528% | 1h | 0.000005104 | −0.017% | $616 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0535% | 1h | 0.000005098 | −0.134% | $73K | $128K | 25x | as long as short |
| Lighter 1000PEPEshort | +0.0544% | 1h | 0.000005109 | +0.081% | $611K | $9.0M | 10x | |
| Kraken Futures PF_PEPEUSD | +0.0622% | 1h | 0.000005098 | −0.141% | $4.8M | $16.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0639% | 8h | 0.000005101 | −0.083% | — | $176.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0656% | 1h | 0.000005101 | −0.066% | $537K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0657% | 8h | 0.000005105 | +0.003% | $100.7M | $307.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0657% | 8h | 0.000005109 | +0.074% | $140.8M | $1.51B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0664% | 1h | 0.000005097 | −0.154% | $144K | — | 3x | as long as short |
| Aster 1000PEPEUSDTlong | +0.0674% | 8h | 0.000005105 | long leg | $1.7M | $12.0M | 50x | |
| Nado kPEPE-PERP | +0.0679% | 1h | 0.000005102 | −0.046% | $162K | $965K | 10x | as long as short |
| dYdX PEPE-USD | +0.0967% | 1h | 0.000005100 | −0.102% | $19K | $649 | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1149% | 1h | 0.000005000 | −2.054% | $51K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Hyperliquid kPEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
dYdX PEPE-USD
GMX PEPE/USD [ETH-USDC]