Funding you earn now, next payment 04:00 UTC+0.0637%/8h= +69.8% APRpaid last 24h +0.122%
Price spread now: Lighter against Bitget+0.093%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 7 days−0.200%−$20 · spread now +0.093%, 7d avg +0.002%
=Together, before fees+0.012%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter is 0.092% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.002%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.1% 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 | Bitget PEPEUSDT | 0.000005141 | 0.0203 | pay 0.0203% / 8h | 4h 23m | $47.5M | $179.4M | 75x |
| Short | Lighter 1000PEPE | 0.000005146 | 0.0840 | get 0.0105% / 1h | 23m 07s | $591K | $8.3M | 10x |
Bitget PEPEUSDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $133.77
- Price spread: +0.093% → +0.002%
- $9.18
- Slippage, 4 orders
- −$23.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $106.97
- Costs to cover
- 0.360%
- Break-even
- 1.4 days
Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 5 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 Bitget live order book, 1 min ago | 2.14 bp | 9.7 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 4.78 bp | 4.8 bp −$5 | 13.4 bp −$134 | 45.2 bp −$4,525 | 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 | 0.000005139 | −0.041% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005132 | −0.185% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005149 | +0.152% | $66K | $144K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005138 | −0.054% | $99.9M | $357.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005135 | −0.121% | $167.2M | $81.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005138 | −0.058% | $26.0M | $65.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005200 | +1.135% | $761K | $4.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005189 | +0.924% | $42K | $463K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005146 | +0.103% | $1K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005142 | +0.014% | $584K | $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 | 0.000005137 | −0.084% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTlong | +0.0203% | 8h | 0.000005141 | long leg | $47.5M | $179.4M | 75x | |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | +0.619% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0350% | 8h | 0.000005143 | +0.029% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0380% | 8h | 0.000005145 | +0.074% | $48.5M | $625.0M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0500% | 8h | 0.000005139 | −0.043% | $4.4M | $26.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0621% | 8h | 0.000005141 | +0.006% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005146 | +0.093% | $949K | $33.8M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0697% | 8h | 0.000005144 | +0.064% | — | $2.3M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0724% | 1h | 0.000005140 | −0.023% | $73K | $125K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0736% | 1h | 0.000005123 | −0.354% | $145K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0741% | 8h | 0.000005144 | +0.062% | $98.4M | $291.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0741% | 8h | 0.000005142 | +0.009% | $147.0M | $1.26B | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0742% | 1h | 0.000005185 | +0.852% | $103K | $744K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005140 | −0.029% | $546K | $226K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0777% / S −0.1550% | 1h | 0.000005000 | −2.746% | $62K | — | 100x | as long as short |
| SoDEX 1000PEPE-USD | +0.0786% | 1h | 0.000005141 | −0.004% | $2K | $10K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0799% | 8h | 0.000005151 | +0.192% | $6K | — | 20x | as long as short |
| Lighter 1000PEPEshort | +0.0840% | 1h | 0.000005146 | +0.093% | $591K | $8.3M | 10x | |
| Aster 1000PEPEUSDT | +0.0845% | 8h | 0.000005135 | −0.111% | $1.9M | $9.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0890% | 1h | 0.000005150 | +0.178% | $190K | $898K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1136% | 1h | 0.000005154 | +0.249% | $622 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1164% | 1h | 0.000005143 | +0.027% | $94K | $665K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1268% | 1h | 0.000005138 | −0.070% | $4.6M | $15.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1589% | 1h | 0.000005151 | +0.191% | $55.6M | $142.0M | 10x | as long as short |
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Deribit 1000PEPE_USDC-PERPETUAL
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE