Funding you earn now, next payment 05:00 UTC+0.0996%/8h= +109.1% APRpaid last 24h +0.134%
Price spread now: Lighter against KuCoin−0.095%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$470.465% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.095%, 7d avg +0.027%
=Together, before fees+0.236%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.122% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of +0.027%). If the spread goes back, that is −$12 on $10k: about 10 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.186% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.186% in total (about 9.7% 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 | KuCoin PEPEUSDTM | 0.000005152 | 0.0100 | pay 0.0100% / 8h | 3h 07m | $25.8M | $68.9M | 75x |
| Short | Lighter 1000PEPE | 0.000005147 | 0.1096 | get 0.0137% / 1h | 7m 26s | $634K | $8.9M | 10x |
KuCoin PEPEUSDTM
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- $209.16
- Price spread: −0.095% → +0.027%
- −$12.19
- Slippage, 4 orders
- −$34.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $150.43
- Costs to cover
- 0.465%
- Break-even
- 2.0 days
Slippage from KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago | 1.82 bp | 17.1 bp −$17 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 4.79 bp | 9.5 bp −$10 | 16.1 bp −$161 | 45.1 bp −$4,509 | 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 | 0.000005137 | −0.288% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005146 | −0.118% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +3.399% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005147 | −0.095% | $64K | $164K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005150 | −0.033% | $104.3M | $387.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005141 | −0.212% | $169.6M | $89.8M | 75x | as long as short |
| KuCoin PEPEUSDTMlong | +0.0100% | 8h | 0.000005152 | long leg | $25.8M | $68.9M | 75x | |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005209 | +1.099% | $661K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005185 | +0.652% | $28K | $535K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005155 | +0.068% | $1K | $2.6M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005143 | −0.173% | $577K | $4.0M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005154 | +0.032% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0336% | 8h | 0.000005154 | +0.041% | $49.5M | $192.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0404% | 8h | 0.000005145 | −0.128% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005154 | +0.041% | $49.2M | $673.4M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0487% | 1h | 0.000005149 | −0.056% | $2K | $10K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0528% | 1h | 0.000005145 | −0.134% | $73K | $127K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0536% | 8h | 0.000005148 | −0.066% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0550% | 8h | 0.000005168 | +0.313% | $4.8M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0702% | 8h | 0.000005150 | −0.043% | $2.4M | $7.7M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005152 | +0.002% | $703K | $36.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0778% | 8h | 0.000005154 | +0.043% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0824% | 1h | 0.000005151 | −0.010% | $544K | $242K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000005160 | +0.157% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0825% | 8h | 0.000005158 | +0.128% | $96.9M | $297.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0825% | 8h | 0.000005158 | +0.115% | $148.4M | $1.35B | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0859% | 1h | 0.000005180 | +0.545% | $159K | $810K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0882% | 1h | 0.000005154 | +0.047% | $177K | $924K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0909% | 8h | 0.000005157 | +0.096% | $1.8M | $10.5M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005162 | +0.196% | $623 | $3K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1008% / S −0.2043% | 1h | 0.000005000 | −2.948% | $63K | — | 100x | as long as short |
| Lighter 1000PEPEshort | +0.1096% | 1h | 0.000005147 | −0.095% | $634K | $8.9M | 10x | |
| Backpack kPEPE_USDC_PERP | +0.1130% | 1h | 0.000005149 | −0.064% | $67K | $724K | 15x | as long as short |
| Hyperliquid kPEPE | +0.1466% | 1h | 0.000005158 | +0.118% | $55.9M | $146.5M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1587% | 1h | 0.000005146 | −0.123% | $4.7M | $16.5M | 50x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD
GMX PEPE/USD [ETH-USDC]
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE
Kraken Futures PF_PEPEUSD