Funding you earn now, next payment 06:00 UTC+0.0540%/8h= +59.1% APRpaid last 24h +0.148%
Price spread now: Lighter against Gate+0.180%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 7 days−0.248%−$25 · spread now +0.180%, 7d avg +0.038%
=Together, before fees−0.020%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.142% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.229% in total (about 11.9% 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 | Gate PEPE_USDT | 0.000005001 | 0.0100 | pay 0.0100% / 8h | 2h 31m | $161.4M | $93.9M | 75x |
| Short | Lighter 1000PEPE | 0.000005010 | 0.0640 | get 0.0080% / 1h | 31m 11s | $594K | $9.0M | 10x |
Gate PEPE_USDT
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- $113.4
- Price spread: +0.180% → +0.038%
- $14.24
- Slippage, 4 orders
- −$32.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $79.79
- Costs to cover
- 0.478%
- Break-even
- 2.1 days
Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 7 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 Gate live order book, 3 min ago | 3.00 bp | 12.4 bp −$12 | 17.1 bp −$171 | 54.4 bp −$5,442 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 5.96 bp | 11.7 bp −$12 | 20.6 bp −$206 | 53.9 bp −$5,394 | 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 | 0.000005003 | +0.044% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004999 | −0.034% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005006 | +0.100% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005005 | +0.084% | $98.4M | $403.8M | 50x | as long as short |
| Gate PEPE_USDTlong | +0.0100% | 8h | 0.000005001 | long leg | $161.4M | $93.9M | 75x | |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005000 | −0.014% | $24.9M | $70.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004997 | −0.085% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005003 | +0.049% | $27K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005010 | +0.174% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005005 | +0.078% | $560K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0170% | 1h | 0.000005003 | +0.040% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005007 | +0.121% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0336% | 8h | 0.000005007 | +0.116% | $45.0M | $209.6M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0403% | 8h | 0.000005004 | +0.050% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0418% | 8h | 0.000005013 | +0.240% | $46.3M | $683.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0537% | 8h | 0.000005009 | +0.165% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005006 | +0.100% | $4.4M | $27.9M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0621% | 8h | 0.000005005 | +0.088% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0630% | 1h | 0.000005009 | +0.152% | $73K | $830K | 15x | as long as short |
| Lighter 1000PEPEshort | +0.0640% | 1h | 0.000005010 | +0.180% | $594K | $9.0M | 10x | |
| 01 Exchange kPEPEUSD | +0.0640% | 1h | 0.000005013 | +0.240% | $605 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005014 | +0.260% | $637K | $36.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0740% | 1h | 0.000005011 | +0.196% | $165K | $942K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0751% | 1h | 0.000005000 | −0.020% | $71K | $127K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0764% | 1h | 0.000005005 | +0.080% | $154K | $813K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0769% | 8h | 0.000005003 | +0.048% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005001 | +0.005% | $530K | $277K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0792% | 8h | 0.000005008 | +0.142% | $96.1M | $301.4M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005006 | +0.100% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0793% | 8h | 0.000005009 | +0.166% | $140.7M | $1.41B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0847% | 8h | 0.000004998 | −0.056% | $1.7M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0854% | 1h | 0.000005001 | −0.005% | $4.6M | $16.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1012% | 1h | 0.000005013 | +0.240% | $52.8M | $152.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1109% / S −0.2076% | 1h | 0.000004000 | −20.016% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | +0.660% | $3K | $111K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP