Funding you earn now, next payment 07:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.136%
Price spread now: Lighter against Orderly+0.101%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.101% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000PEPE_USDC | 0.000005154 | 0.0381 | pay 0.0381% / 8h | 1h 47m | $34K | $26K | 20x |
| Short | Lighter 1000PEPE | 0.000005159 | 0.0560 | get 0.0070% / 1h | 47m 08s | $620K | $9.0M | 10x |
Orderly PERP_1000PEPE_USDC
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- $37.59
- Price spread: +0.101% → 0.000%
- $10.09
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $41.68
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 5.81 bp | 7.5 bp −$7 | 18.5 bp −$185 | 51.3 bp −$5,125 | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005164 | +0.198% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005149 | −0.100% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005150 | −0.074% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005158 | +0.081% | $60K | $180K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005148 | −0.113% | $101.5M | $415.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005152 | −0.035% | $163.9M | $96.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005155 | +0.019% | $25.9M | $72.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005155 | +0.016% | $615K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005149 | −0.094% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005162 | +0.157% | $2K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | 0.000005154 | +0.010% | $594K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0117% | 1h | 0.000005156 | +0.043% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005154 | −0.001% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0302% | 8h | 0.000005147 | −0.130% | $46.1M | $214.3M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0315% | 1h | 0.000005149 | −0.093% | $156K | $820K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDClong | +0.0381% | 8h | 0.000005154 | long leg | $34K | $26K | 20x | |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000005151 | −0.054% | $48.4M | $724.0M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0430% | 1h | 0.000005153 | −0.019% | $73K | $849K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005154 | +0.003% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0511% | 8h | 0.000005150 | −0.075% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0527% | 1h | 0.000005153 | −0.016% | $73K | $127K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0544% | 8h | 0.000005158 | +0.081% | $4.6M | $29.6M | 75x | as long as short |
| Lighter 1000PEPEshort | +0.0560% | 1h | 0.000005159 | +0.101% | $620K | $9.0M | 10x | |
| Phemex u1000PEPEUSDT | +0.0575% | 8h | 0.000005159 | +0.105% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005163 | +0.179% | $679K | $38.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005157 | +0.062% | $622 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0730% | 1h | 0.000005150 | −0.080% | $163K | $956K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0743% | 8h | 0.000005154 | −0.002% | — | $217.5M | — | as long as short |
| MEXC PEPE_USDT | +0.0774% | 8h | 0.000005155 | +0.029% | $98.8M | $302.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0774% | 8h | 0.000005152 | −0.041% | $142.2M | $1.45B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0776% | 1h | 0.000005151 | −0.057% | $547K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0776% | 1h | 0.000005158 | +0.081% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0789% | 8h | 0.000005155 | +0.016% | $1.8M | $11.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0965% | 1h | 0.000005159 | +0.101% | $55.2M | $154.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1133% / S −0.2351% | 1h | 0.000005000 | −2.984% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]