Funding you earn now, next payment 06:00 UTC−0.0548%/8h= −60.0% APRnext payment −$0.69 per $10,000 · paid last 24h −0.143%
Price spread now: Pacifica against Lighter+0.160%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.160%, 7d avg −0.037%
=Together, before fees−0.335%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.197% dearer against Lighter than usual: you sell high and buy low (spread +0.160% now, against its 7-day average of −0.037%): +$20 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.149% in total) that is about 9.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.69 per $10,000. 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 | 0.000005004 | 0.0648 | pay 0.0081% / 1h | 33m 46s | $594K | $9.0M | 10x |
| Short | Pacifica kPEPE | 0.000005012 | 0.0100 | get 0.0013% / 1h | 33m 46s | $57K | $177K | 10x |
Lighter 1000PEPE
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$115.08
- Price spread: +0.160% → −0.037%
- $19.66
- Slippage, 4 orders
- −$35.43
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$138.86
- Costs to cover
- 0.434%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 14 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 | 5.96 bp | 8.3 bp −$8 | 12.5 bp −$125 | 39.2 bp −$3,915 | doesn't fit |
| Sell Pacifica live order book, 14 min ago | 4.97 bp | 12.5 bp −$13 | 21.8 bp −$218 | 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 | 0.000005007 | +0.070% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004991 | −0.252% | $6K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005012 | +0.160% | $57K | $177K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004998 | −0.120% | $98.4M | $403.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004999 | −0.100% | $161.4M | $93.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005001 | −0.064% | $25.0M | $70.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004997 | −0.145% | $599K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005025 | +0.425% | $28K | $537K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005004 | −0.008% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005010 | +0.114% | $561K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0152% | 1h | 0.000005001 | −0.060% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004997 | −0.142% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0337% | 8h | 0.000005000 | −0.084% | $45.0M | $209.5M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0351% | 1h | 0.000004998 | −0.120% | $71K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0405% | 8h | 0.000005001 | −0.064% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005002 | −0.040% | $46.1M | $681.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0534% | 8h | 0.000005009 | +0.097% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0548% | 8h | 0.000005027 | +0.460% | $4.4M | $28.0M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0641% | 8h | 0.000005002 | −0.044% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0644% | 1h | 0.000004998 | −0.130% | $73K | $830K | 15x | as long as short |
| Lighter 1000PEPElong | +0.0648% | 1h | 0.000005004 | long leg | $594K | $9.0M | 10x | |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005006 | +0.040% | $604 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005025 | +0.420% | $638K | $36.9M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0748% | 1h | 0.000004999 | −0.094% | $165K | $942K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0762% | 8h | 0.000005002 | −0.048% | — | $238.8M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0775% | 1h | 0.000005023 | +0.380% | $154K | $814K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0798% | 8h | 0.000005003 | −0.028% | $96.1M | $301.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0799% | 8h | 0.000005003 | −0.018% | $140.5M | $1.41B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000004998 | −0.119% | $530K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005002 | −0.040% | $141K | — | 3x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0855% | 1h | 0.000004997 | −0.134% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0857% | 8h | 0.000005003 | −0.017% | $1.8M | $11.1M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1015% | 1h | 0.000005006 | +0.040% | $52.7M | $151.9M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1100% / S −0.2057% | 1h | 0.000004000 | −20.064% | $63K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | +0.600% | $3K | $111K | 12x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
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
BingX 1000PEPE-USDT
ApeX Omni 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP