Funding you earn now, next payment 06:00 UTC−0.0533%/8h= −58.3% APRpaid last 24h −0.144%
Price spread now: Variational Omni against Backpack+0.011%7-day average −0.070% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.211%−$21 on $10k
+Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.011%, 7d avg −0.070%
=Together, before fees−0.337%+ Points / potential airdropVariational Omni: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.080% dearer against Backpack than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.070%): +$8 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 4 days (−0.211% in total) that is about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kPEPE_USDC_PERP | 0.000004996 | 0.0633 | pay 0.0079% / 1h | 32m 01s | $73K | $830K | 15x |
| Short | Variational Omni 1000PEPE | 0.000004997 | 0.0100 | get 0.0100% / 8h | 2h 32m | $599K | $5.4M | — |
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Backpack. 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
- −$111.83
- Price spread: +0.011% → −0.070%
- $8.03
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$113.79
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 17 min ago; Variational Omni: RFQ quote, 2 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 Backpack live order book, 17 min ago | 0.10 bp | 6.2 bp −$6 | 25.3 bp −$253 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 5.01 bp | doesn't fit | 17.0 bp −$170 | 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 | 0.000005002 | +0.121% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000004992 | −0.078% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005009 | +0.256% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004999 | +0.056% | $98.3M | $403.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004994 | −0.044% | $161.2M | $93.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004993 | −0.064% | $24.9M | $70.8M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000004997 | +0.011% | $599K | $5.4M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005018 | +0.433% | $28K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004998 | +0.044% | $1K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004995 | −0.018% | $561K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | +0.0158% | 1h | 0.000004993 | −0.064% | $2K | $10K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004997 | +0.023% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0336% | 8h | 0.000005000 | +0.070% | $45.0M | $209.6M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0351% | 1h | 0.000004992 | −0.084% | $71K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0403% | 8h | 0.000004994 | −0.046% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005004 | +0.156% | $46.1M | $682.6M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0537% | 8h | 0.000005010 | +0.269% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0545% | 8h | 0.000005007 | +0.216% | $4.4M | $27.9M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0628% | 8h | 0.000004995 | −0.024% | $2.4M | $7.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0632% | 1h | 0.000004996 | −0.004% | $593K | $9.0M | 10x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0633% | 1h | 0.000004996 | long leg | $73K | $830K | 15x | |
| 01 Exchange kPEPEUSD | +0.0640% | 1h | 0.000005014 | +0.356% | $605 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005012 | +0.316% | $637K | $36.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0740% | 1h | 0.000005002 | +0.126% | $165K | $942K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0769% | 8h | 0.000004997 | +0.022% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000004991 | −0.104% | $530K | $277K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0793% | 8h | 0.000004998 | +0.029% | $140.3M | $1.41B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0796% | 8h | 0.000005000 | +0.074% | $95.8M | $301.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004999 | +0.056% | $141K | — | 3x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0843% | 1h | 0.000005021 | +0.496% | $154K | $814K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0847% | 8h | 0.000005000 | +0.070% | $1.7M | $11.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0856% | 1h | 0.000004988 | −0.157% | $4.6M | $16.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1014% | 1h | 0.000005000 | +0.076% | $52.6M | $151.9M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1106% / S −0.2070% | 1h | 0.000004000 | −19.939% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | +0.757% | $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
Lighter 1000PEPE
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP