Funding you earn now, next payment 03:00 UTC+0.0142%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.038%
Price spread now: Kraken Futures against Lighter−0.230%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.398%+$40 · spread now −0.230%, 7d avg −0.053%
=Together, before fees+0.358%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.178% cheaper against Lighter than usual: you would sell low and buy high (spread −0.230% now, against its 7-day average of −0.053%). If the spread goes back, that is −$18 on $10k: about 4.2 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000PEPE | 0.000005017 | 0.1248 | pay 0.0156% / 1h | 26m 46s | $688K | $8.1M | 10x |
| Short | Kraken Futures PF_PEPEUSD | 0.000005005 | 0.1390 | get 0.0174% / 1h | 26m 46s | $4.2M | $15.2M | 50x |
Lighter 1000PEPE
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $29.83
- Price spread: −0.230% → −0.053%
- −$17.79
- Slippage, 4 orders
- −$46.24
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$44.21
- Costs to cover
- 0.562%
- Break-even
- 17.4 days
Slippage from Lighter: live order book, 7 min ago; Kraken Futures: live order book, 2 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, 7 min ago | 5.98 bp | 9.0 bp −$9 | 19.6 bp −$196 | 48.4 bp −$4,844 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 9.49 bp | 16.3 bp −$16 | 20.2 bp −$202 | 85.9 bp −$8,592 | 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 | 0.000005005 | −0.230% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005002 | −0.295% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005014 | −0.060% | $64K | $138K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005010 | −0.140% | $97.6M | $337.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005011 | −0.120% | $163.5M | $75.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005015 | −0.038% | $25.9M | $62.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005016 | −0.011% | $676K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005011 | −0.127% | $36K | $433K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005019 | +0.038% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005014 | −0.068% | $569K | $3.6M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0108% | 8h | 0.000005016 | −0.018% | $46.1M | $172.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005009 | −0.166% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0320% | 8h | 0.000005012 | −0.108% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0325% | 8h | 0.000005012 | −0.100% | $45.3M | $584.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0368% | 1h | 0.000005016 | −0.020% | $98K | $753K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0444% | 8h | 0.000005012 | −0.100% | $4.3M | $25.1M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0542% | 1h | 0.000005009 | −0.159% | $2K | $12K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0549% | 1h | 0.000005008 | −0.179% | $61K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005010 | −0.140% | $915K | $31.2M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0587% | 8h | 0.000005012 | −0.104% | — | $261.1M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0598% / S −0.1071% | 1h | 0.000005000 | −0.339% | $47K | — | 100x | as long as short |
| Extended 1000PEPE-USD | +0.0616% | 1h | 0.000005014 | −0.066% | $530K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0616% | 1h | 0.000005002 | −0.299% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0619% | 8h | 0.000005014 | −0.056% | $94.9M | $289.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0622% | 8h | 0.000005013 | −0.088% | $139.8M | $1.21B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0715% | 8h | 0.000005012 | −0.106% | $1.8M | $9.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0784% | 8h | 0.000005012 | −0.095% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0833% | 1h | 0.000005010 | −0.130% | $181K | $870K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0835% | 8h | 0.000005011 | −0.126% | $2.4M | $7.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0958% | 1h | 0.000005012 | −0.106% | $94K | $626K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005018 | +0.020% | $605 | $3K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.754% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPElong | +0.1248% | 1h | 0.000005017 | long leg | $688K | $8.1M | 10x | |
| Kraken Futures PF_PEPEUSDshort | +0.1390% | 1h | 0.000005005 | −0.230% | $4.2M | $15.2M | 50x | |
| Hyperliquid kPEPE | +0.1672% | 1h | 0.000005019 | +0.040% | $53.5M | $139.3M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Hyperliquid kPEPE