PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0223%/8h= −24.4% APRnext payment −$2.23 per $10,000 · paid last 24h −0.042%

Price spread now: Variational Omni against BloFin+0.122%7-day average −0.095% · you sell dearer than you buy

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.128%−$13 on $10k

Price spread, last 3 days (all we have)−0.245%−$25 · spread now +0.122%, 7d avg −0.095%

Together, before fees−0.374%+ Points / potential airdropVariational Omni: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.217% dearer against BloFin than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of −0.095%): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PEPE-USDT	0.000004858	0.0323	pay 0.0323% / 8h	1h 36m	$3.9M	$22.3M	75x
Short	Variational Omni 1000PEPE	0.000004864	0.0100	get 0.0100% / 8h	1h 36m	$583K	$4.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee Variational OmnibpOrdersPrice spread, now +0.122%Rate

Funding earned: −$46.88
Price spread: +0.122% → −0.095%: $21.72
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$37.16
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	4.11 bp	11.1 bp −$11	13.3 bp −$133	34.8 bp −$3,481	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	6.17 bp	doesn't fit	22.6 bp −$226	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	0.000004852	−0.120%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004850	−0.161%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004857	−0.021%	$610K	$5.4M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004851	−0.144%	$61.9M	$78.0M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004855	−0.062%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004852	−0.124%	$87.8M	$279.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004852	−0.124%	$152.0M	$62.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004856	−0.051%	$25.1M	$53.8M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	0.000004864	+0.122%	$583K	$4.0M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004870	+0.251%	$28K	$343K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004862	+0.080%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004856	−0.041%	$2K	$9K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004858	−0.008%	$549K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0156%	8h	0.000004851	−0.148%	$42.7M	$151.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004856	−0.040%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0205%	8h	0.000004853	−0.103%	$41.9M	$494.4M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0214% / S −0.0093%	1h	0.000004000	−17.662%	$54K	—	100x	as long as short
BloFin PEPE-USDTlong	+0.0323%	8h	0.000004858	long leg	$3.9M	$22.3M	75x
Paradex kPEPE-USD-PERP	+0.0385%	8h	0.000004854	−0.088%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0413%	8h	0.000004854	−0.091%	$2.3M	$6.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0443%	8h	0.000004857	−0.025%	$30K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004859	+0.021%	$617K	$25.8M	50x	as long as short
01 Exchange kPEPEUSD	+0.0480%	1h	0.000004856	−0.041%	$556	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0574%	1h	0.000004856	−0.041%	$82K	$94K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0619%	1h	0.000004855	−0.051%	$91K	$614K	15x	as long as short
Nado kPEPE-PERP	+0.0738%	1h	0.000004859	+0.015%	$187K	$854K	10x	as long as short
BingX 1000PEPE-USDC	+0.0827%	8h	0.000004857	−0.027%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0836%	8h	0.000004858	+0.006%	$92.3M	$283.5M	300x	as long as short
Binance 1000PEPEUSDT	+0.0837%	8h	0.000004855	−0.065%	$130.8M	$1.03B	75x	as long as short
Extended 1000PEPE-USD	+0.0840%	1h	0.000004853	−0.110%	$535K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0840%	1h	0.000004862	+0.082%	$137K	—	3x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0841%	1h	0.000004868	+0.206%	$104K	$764K	25x	as long as short
Aster 1000PEPEUSDT	+0.0865%	8h	0.000004856	−0.046%	$1.5M	$7.0M	50x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004874	+0.329%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1314%	1h	0.000004855	−0.061%	$4.0M	$13.3M	50x	as long as short