Funding you earn now, next payment 06:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h −0.100%
Price spread now: BingX against Lighter−0.256%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 7 days+0.329%+$33 · spread now −0.256%, 7d avg −0.022%
=Together, before fees+0.221%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.234% cheaper against Lighter than usual: you would sell low and buy high (spread −0.256% now, against its 7-day average of −0.022%). If the spread goes back, that is −$23 on $10k: about 6.6 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.108%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000PEPE | 0.000005006 | 0.0640 | pay 0.0080% / 1h | 28m 46s | $594K | $9.0M | 10x |
| Short | BingX 1000PEPE-USDT | 0.000004993 | 0.0759 | get 0.0759% / 8h | 2h 28m | — | $239.0M | — |
Lighter 1000PEPE
BingX 1000PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- $24.99
- Price spread: −0.256% → −0.022%
- −$23.38
- Slippage, 4 orders
- −$20.9
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$29.3
- Costs to cover
- 0.309%
- Break-even
- 15.2 days
Slippage from Lighter: live order book, 5 min ago; BingX: live order book, 10 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 Lighter live order book, 5 min ago | 5.99 bp | 8.3 bp −$8 | 18.3 bp −$183 | 47.9 bp −$4,787 | doesn't fit |
| Sell BingX live order book, 10 min ago | 0.10 bp | 6.7 bp −$7 | 10.6 bp −$106 | 18.6 bp −$1,856 | 34.8 bp −$17.4K |
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 | 0.000004986 | −0.396% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000005000 | −0.112% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004989 | −0.340% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004991 | −0.298% | $97.9M | $404.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004991 | −0.300% | $160.9M | $94.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004996 | −0.204% | $24.9M | $70.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005001 | −0.105% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005003 | −0.051% | $27K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005008 | +0.042% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004998 | −0.166% | $559K | $4.1M | 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 | 0.000005004 | −0.038% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0189% | 1h | 0.000005004 | −0.040% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0337% | 8h | 0.000004989 | −0.338% | $44.7M | $209.9M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0400% | 8h | 0.000005005 | −0.026% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000004995 | −0.220% | $46.2M | $682.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0542% | 8h | 0.000004989 | −0.348% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0543% | 8h | 0.000005004 | −0.040% | $4.4M | $27.9M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0619% | 1h | 0.000005000 | −0.110% | $73K | $830K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0632% | 1h | 0.000005005 | −0.020% | $604 | $3K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0636% | 8h | 0.000005007 | +0.022% | $2.4M | $7.9M | 50x | as long as short |
| Lighter 1000PEPElong | +0.0640% | 1h | 0.000005006 | long leg | $594K | $9.0M | 10x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000004995 | −0.220% | $635K | $36.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0748% | 1h | 0.000004998 | −0.168% | $165K | $942K | 10x | as long as short |
| BingX 1000PEPE-USDTshort | +0.0759% | 8h | 0.000004993 | −0.256% | — | $239.0M | — | |
| ApeX Omni 1000PEPEUSDT | +0.0764% | 1h | 0.000005005 | −0.020% | $154K | $813K | 25x | as long as short |
| Extended 1000PEPE-USD | +0.0784% | 1h | 0.000004996 | −0.206% | $528K | $277K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0787% | 8h | 0.000004995 | −0.212% | $140.1M | $1.41B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0790% | 8h | 0.000004997 | −0.180% | $95.4M | $301.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005006 | 0.000% | $142K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0840% | 8h | 0.000004996 | −0.194% | $1.7M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0854% | 1h | 0.000005001 | −0.105% | $4.6M | $16.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0950% | 1h | 0.000005008 | +0.040% | $71K | $127K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0998% | 1h | 0.000004997 | −0.180% | $52.6M | $152.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1114% / S −0.2090% | 1h | 0.000005000 | −0.120% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000004992 | −0.280% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP