PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against 01 Exchange−0.063%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.063% cheaper against 01 Exchange than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange kPEPEUSD	0.000004745	0.0288	pay 0.0036% / 1h	18m 38s	$544	$2K	10x
Short	Lighter 1000PEPE	0.000004742	0.0104	get 0.0013% / 1h	18m 38s	$592K	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee LighterbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$38.64
Price spread: −0.063% → 0.000%: −$6.32
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$51.96
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 5 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	6.33 bp	7.8 bp −$8	15.9 bp −$159	40.1 bp −$4,015	doesn't fit

01 Exchange: 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
Hyperliquid kPEPE	−0.0241%	1h	0.000004733	−0.253%	$68.1M	$94.9M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004738	−0.141%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004735	−0.209%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004738	−0.144%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004740	−0.105%	$56K	$119K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004739	−0.126%	$86.2M	$292.1M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004738	−0.148%	$149.4M	$64.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004740	−0.097%	$24.1M	$54.6M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004741	−0.091%	$41.9M	$150.5M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004733	−0.256%	$570K	$4.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004744	−0.013%	$25K	$350K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004745	0.000%	$99K	$755K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004747	+0.051%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004740	−0.105%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004739	−0.129%	$534K	$3.5M	75x	as long as short
Lighter 1000PEPEshort	+0.0104%	1h	0.000004742	−0.063%	$592K	$6.5M	10x
Paradex kPEPE-USD-PERP	+0.0177%	8h	0.000004742	−0.066%	$5K	$16	20x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004739	−0.136%	$7K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0194%	8h	0.000004742	−0.059%	$2.3M	$6.5M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0203%	8h	0.000004743	−0.042%	$41.1M	$494.5M	50x	as long as short
01 Exchange kPEPEUSDlong	+0.0288%	1h	0.000004745	long leg	$544	$2K	10x
BloFin PEPE-USDT	+0.0322%	8h	0.000004736	−0.190%	$3.9M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0373%	8h	0.000004738	−0.141%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0386% / S −0.0311%	1h	0.000004000	−15.701%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004741	−0.084%	$579K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004736	−0.190%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0553%	1h	0.000004742	−0.061%	$90K	$601K	15x	as long as short
BingX 1000PEPE-USDC	+0.0582%	8h	0.000004737	−0.175%	—	$2.3M	—	as long as short
Aster 1000PEPEUSDT	+0.0584%	8h	0.000004739	−0.134%	$1.5M	$7.3M	50x	as long as short
Binance 1000PEPEUSDT	+0.0588%	8h	0.000004742	−0.063%	$131.2M	$1.07B	75x	as long as short
MEXC PEPE_USDT	+0.0590%	8h	0.000004743	−0.051%	$88.0M	$282.1M	300x	as long as short
Extended 1000PEPE-USD	+0.0592%	1h	0.000004741	−0.092%	$521K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0592%	1h	0.000004739	−0.126%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0643%	1h	0.000004742	−0.065%	$179K	$850K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0806%	1h	0.000004739	−0.126%	$76K	$98K	25x	as long as short