Funding you earn now, next payment 07:00 UTC+0.0636%/8h= +69.6% APRnext payment +$0.80 per $10,000 · paid last 24h +0.143%
Price spread now: Lighter against Pacifica+0.077%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.077%, 7d avg +0.037%
=Together, before fees+0.097%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter is 0.041% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.037%.
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 +$0.80 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 | Pacifica kPEPE | 0.000005166 | 0.0100 | pay 0.0013% / 1h | 56m 40s | $60K | $180K | 10x |
| Short | Lighter 1000PEPE | 0.000005170 | 0.0736 | get 0.0092% / 1h | 56m 40s | $622K | $9.0M | 10x |
Pacifica kPEPE
Lighter 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. 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
- $133.56
- Price spread: +0.077% → +0.037%
- $4.07
- Slippage, 4 orders
- −$31.27
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $98.37
- Costs to cover
- 0.393%
- Break-even
- 1.8 days
Slippage from Pacifica: live order book, 51 min ago; Lighter: live order book, 7 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 Pacifica live order book, 51 min ago | 4.97 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 1.95 bp | 7.4 bp −$7 | 20.0 bp −$200 | 53.3 bp −$5,335 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005206 | +0.774% | $10K | $119K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005156 | −0.193% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005187 | +0.414% | $4K | — | 150x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000005166 | long leg | $60K | $180K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005160 | −0.124% | $101.4M | $413.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005160 | −0.116% | $163.2M | $95.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005165 | −0.012% | $25.9M | $71.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005159 | −0.144% | $617K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005173 | +0.135% | $28K | $539K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005199 | +0.641% | $1K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005190 | +0.465% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005187 | +0.407% | $590K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005193 | +0.514% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0310% | 8h | 0.000005162 | −0.070% | $46.1M | $213.7M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005187 | +0.397% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0417% | 8h | 0.000005168 | +0.039% | $48.6M | $721.9M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0450% | 1h | 0.000005187 | +0.403% | $4.7M | $16.8M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0518% | 8h | 0.000005167 | +0.012% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0522% | 1h | 0.000005188 | +0.426% | $74K | $127K | 25x | as long as short |
| BloFin PEPE-USDT | +0.0545% | 8h | 0.000005186 | +0.387% | $4.4M | $29.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0556% | 8h | 0.000005184 | +0.348% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005187 | +0.407% | $701K | $38.4M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0672% | 1h | 0.000005154 | −0.232% | $156K | $818K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005192 | +0.503% | $626 | $3K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0710% | 1h | 0.000005193 | +0.514% | $166K | $955K | 10x | as long as short |
| Lighter 1000PEPEshort | +0.0736% | 1h | 0.000005170 | +0.077% | $622K | $9.0M | 10x | |
| BingX 1000PEPE-USDT | +0.0751% | 8h | 0.000005165 | −0.014% | — | $217.3M | — | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0782% | 1h | 0.000005187 | +0.405% | $72K | $848K | 15x | as long as short |
| Aevo 1000PEPE-PERP | +0.0784% | 1h | 0.000005194 | +0.542% | $147K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0788% | 8h | 0.000005170 | +0.070% | $99.5M | $301.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0789% | 8h | 0.000005164 | −0.034% | $143.0M | $1.44B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005160 | −0.113% | $547K | $281K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0812% | 8h | 0.000005170 | +0.085% | $1.8M | $11.6M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0928% | 1h | 0.000005173 | +0.136% | $55.3M | $154.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1134% / S −0.2351% | 1h | 0.000005000 | −3.213% | $64K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Backpack kPEPE_USDC_PERP
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]