Funding you earn now, next payment 04:00 UTC−0.0638%/8h= −69.9% APRpaid last 24h −0.122%
Price spread now: Bitget against Lighter−0.170%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 7 days+0.277%+$28 · spread now −0.170%, 7d avg −0.002%
=Together, before fees+0.065%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.169% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
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 | Lighter 1000PEPE | 0.000005165 | 0.0840 | pay 0.0105% / 1h | 24m 10s | $594K | $8.3M | 10x |
| Short | Bitget PEPEUSDT | 0.000005156 | 0.0202 | get 0.0202% / 8h | 4h 24m | $47.6M | $179.1M | 75x |
Lighter 1000PEPE
Bitget PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$133.98
- Price spread: −0.170% → −0.002%
- −$16.88
- Slippage, 4 orders
- −$23.36
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$186.22
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Bitget: 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 Lighter live order book, 4 min ago | 4.78 bp | 12.1 bp −$12 | 26.7 bp −$267 | 52.5 bp −$5,246 | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.30 bp | 9.7 bp −$10 | 11.9 bp −$119 | doesn't fit | 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 | 0.000005152 | −0.261% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005151 | −0.277% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005159 | −0.116% | $66K | $144K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005157 | −0.161% | $100.1M | $357.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005152 | −0.252% | $168.0M | $80.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005157 | −0.153% | $26.1M | $65.1M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005200 | +0.669% | $761K | $4.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005216 | +0.993% | $42K | $463K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005165 | −0.006% | $1K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005156 | −0.167% | $586K | $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 | 0.000005153 | −0.241% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTshort | +0.0202% | 8h | 0.000005156 | −0.170% | $47.6M | $179.1M | 75x | |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | +0.155% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0348% | 8h | 0.000005158 | −0.139% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0380% | 8h | 0.000005163 | −0.039% | $48.6M | $626.7M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0498% | 8h | 0.000005166 | +0.019% | $4.4M | $26.4M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0607% | 8h | 0.000005160 | −0.099% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005161 | −0.077% | $941K | $33.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0701% | 8h | 0.000005157 | −0.163% | — | $262.9M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0721% | 1h | 0.000005155 | −0.194% | $73K | $125K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0736% | 1h | 0.000005148 | −0.329% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0739% | 8h | 0.000005161 | −0.072% | $97.4M | $290.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0741% | 8h | 0.000005162 | −0.052% | $148.6M | $1.26B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005156 | −0.175% | $546K | $226K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0774% / S −0.1542% | 1h | 0.000005000 | −3.195% | $63K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0803% | 8h | 0.000005160 | −0.103% | $6K | — | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0804% | 1h | 0.000005160 | −0.097% | $2K | $10K | 10x | as long as short |
| Lighter 1000PEPElong | +0.0840% | 1h | 0.000005165 | long leg | $594K | $8.3M | 10x | |
| ApeX Omni 1000PEPEUSDT | +0.0845% | 1h | 0.000005209 | +0.852% | $104K | $744K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0848% | 8h | 0.000005154 | −0.218% | $1.9M | $9.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0889% | 1h | 0.000005158 | −0.140% | $190K | $898K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1144% | 1h | 0.000005165 | 0.000% | $623 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1166% | 1h | 0.000005144 | −0.397% | $97K | $666K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1263% | 1h | 0.000005159 | −0.122% | $4.6M | $15.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1601% | 1h | 0.000005160 | −0.097% | $55.7M | $141.9M | 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-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE