Spread before costs (cost unknown: a leg has no order-book sample)+0.602%
7d average—if it closes, per $10,000$60funding while held, a day+$22.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004980 | 0.0554 | pay 0.0069% / 1h | 50m 37s | $81K | $95K | 25x |
| Short | Lighter 1000PEPE | 0.000005010 | 0.1304 | get 0.0163% / 1h | 50m 37s | $619K | $4.5M | 10x |
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPEPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $60.24
- Funding while held
- $22.5
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $75.75
- Spread needed to break even
- 0.070%
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0750%
- Per $10,000 a day
- +$22.50
- Average in range /8h
- —
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 5.92 bp | 14.2 bp −$14 | 27.2 bp −$272 | 53.7 bp −$5,370 | doesn't fit |
Deribit: 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 price on every exchange
against the cheapest. Click to use as the short leg.GMX0.000004000cheapest
Injective0.000004964+24.100%Nado0.000004967+24.167%Reya0.000004969+24.218%gTrade (Gains Network)0.000004977+24.428%
GMX
Injective
Nado
Reya
gTrade (Gains Network)Deribit0.000004980+24.500%
HTX0.000004986+24.662%Orderly0.000004987+24.665%SunX0.000004990+24.760%Aevo0.000004993+24.825%BloFin0.000004996+24.900%Kraken Futures0.000004998+24.951%Bybit0.000005002+25.045%Backpack0.000005004+25.088%dYdX0.000005004+25.100%Gate0.000005004+25.100%KuCoin0.000005007+25.170%OKX0.000005008+25.200%Phemex0.000005008+25.200%Binance0.000005009+25.220%01 Exchange0.000005009+25.225%BingX0.000005009+25.228%
HTX
Orderly
SunX
Aevo
BloFin
Kraken Futures
Bybit
Backpack
dYdX
Gate
KuCoin
OKX
Phemex
Binance
BingXLighter0.000005010+25.250%
Coinbase International0.000005010+25.250%Pacifica0.000005011+25.275%Bitget0.000005012+25.305%Paradex0.000005013+25.326%Extended0.000005013+25.337%MEXC0.000005015+25.375%Aster0.000005016+25.406%Variational Omni0.000005017+25.423%Hyperliquid0.000005023+25.575%SoDEX0.000005054+26.350%edgeX0.000005104+27.602%ApeX Omni0.000005129+28.225%
Coinbase International
Pacifica
Bitget
Paradex
Extended
MEXC
Aster
Variational Omni
Hyperliquid
SoDEX
ApeX OmniPEPE on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX PEPE/USD [ETH-USDC] | −19.679% | L +0.0187% / S −0.0057% | 1h | $56K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | −0.321% | +0.0123% | 1h | $40K | $58K | 12x | as long as short |
| Nado kPEPE-PERP | −0.267% | +0.0686% | 1h | $237K | $704K | 10x | as long as short |
| Reya kPEPERUSDPERP | −0.227% | +0.0188% | 1h | $8K | — | 15x | as long as short |
| gTrade (Gains Network) PEPE/USD | −0.058% | L +0.0005% / S −0.0005% | 1h | $17K | — | 150x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | 0.000% | +0.0554% | 1h | $81K | $95K | 25x | |
| HTX PEPE-USDT | +0.131% | +0.0100% | 8h | $649K | $3.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.133% | +0.0100% | 8h | $31K | $8K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.209% | +0.0100% | 8h | $2K | $2.2M | 20x | as long as short |
| Aevo 1000PEPE-PERP | +0.261% | +0.0160% | 1h | $141K | — | 3x | as long as short |