Funding you earn now, next payment 08:00 UTC−0.0648%/8h= −70.9% APRnext payment −$6.48 per $10,000 · paid last 24h −0.038%
Price spread now: Variational Omni against Binance+0.045%7-day average −0.104% · 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)−0.079%−$8 on $10k
+Price spread, last 7 days−0.119%−$12 · spread now +0.045%, 7d avg −0.104%
=Together, before fees−0.198%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.149% dearer against Binance than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.104%): +$15 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 4 days (−0.079% in total) that is about 6.8 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.079% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.48 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 | Binance 1000PEPEUSDT | 0.000005129 | 0.0748 | pay 0.0748% / 8h | 53m 03s | $140.9M | $1.48B | 75x |
| Short | Variational Omni 1000PEPE | 0.000005132 | 0.0100 | get 0.0100% / 8h | 53m 03s | $608K | $5.3M | — |
Binance 1000PEPEUSDT
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. 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
- −$136.02
- Price spread: +0.045% → −0.104%
- $14.85
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$131.16
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 6 min ago; Variational Omni: RFQ quote, 1 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 Binance live order book, 6 min ago | 0.19 bp | 6.7 bp −$7 | 11.9 bp −$119 | 30.8 bp −$3,084 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 4.86 bp | doesn't fit | 16.5 bp −$165 | 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 | 0.000005134 | +0.091% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005122 | −0.145% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005136 | +0.131% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005130 | +0.024% | $100.1M | $422.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005119 | −0.200% | $162.6M | $97.8M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005132 | +0.045% | $608K | $5.3M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005162 | +0.638% | $28K | $543K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000005159 | +0.580% | $150K | $831K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005145 | +0.307% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005146 | +0.334% | $599K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
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 | +0.0107% | 1h | 0.000005123 | −0.122% | $2K | $11K | 10x | as long as short |
| KuCoin PEPEUSDTM | +0.0114% | 8h | 0.000005126 | −0.062% | $26.4M | $72.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005131 | +0.035% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0281% | 8h | 0.000005126 | −0.060% | $46.4M | $217.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0335% | 1h | 0.000005127 | −0.044% | $73K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0355% | 1h | 0.000005126 | −0.060% | $76K | $869K | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0392% | 8h | 0.000005134 | +0.092% | $47.2M | $735.0M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0404% | 8h | 0.000005129 | −0.001% | $34K | $26K | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005162 | +0.638% | $8K | $120K | 12x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0508% | 8h | 0.000005137 | +0.143% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0515% | 8h | 0.000005124 | −0.103% | $4.4M | $29.8M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0531% | 8h | 0.000005125 | −0.083% | $2.4M | $8.1M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005121 | −0.161% | $686K | $38.8M | 50x | as long as short |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000005131 | +0.034% | $612K | $9.0M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0696% | 1h | 0.000005142 | +0.248% | $620 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0717% | 1h | 0.000005120 | −0.173% | $4.7M | $16.6M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0720% | 8h | 0.000005128 | −0.023% | — | $2.3M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0734% | 8h | 0.000005127 | −0.042% | $1.7M | $11.7M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005120 | −0.178% | $539K | $285K | 25x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0748% | 8h | 0.000005129 | long leg | $140.9M | $1.48B | 75x | |
| MEXC PEPE_USDT | +0.0749% | 8h | 0.000005129 | −0.013% | $100.1M | $302.9M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005128 | −0.025% | $145K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0793% | 1h | 0.000005133 | +0.075% | $164K | $954K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0898% | 1h | 0.000005134 | +0.092% | $53.4M | $156.9M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.1782% | 1h | 0.000005000 | −2.520% | $69K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]