Funding you earn now, next payment 02:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h −0.057%
Price spread now: Variational Omni against Coinbase International−0.267%7-day average −0.119% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.267%, 7d avg −0.119%
=Together, before fees−0.063%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Variational Omni is 0.148% cheaper against Coinbase International than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.119%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.116% in total (about -12.2% a year). A funding rate is set anew for every payment. 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000005033 | 0.0576 | pay 0.0072% / 1h | 16m 32s | $935K | $31.4M | 50x |
| Short | Variational Omni 1000PEPE | 0.000005020 | 0.0100 | get 0.0100% / 8h | 5h 16m | $680K | $4.7M | — |
Coinbase International 1000PEPE-PERP-INTX
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- −$99.96
- Price spread: −0.267% → −0.119%
- −$14.79
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$124.75
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 Coinbase International live order book, 3 min ago | 4.98 bp | 10.0 bp −$10 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.99 bp | doesn't fit | 20.9 bp −$209 | 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 | 0.000005028 | −0.090% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005006 | −0.532% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005032 | −0.020% | $64K | $139K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005034 | +0.020% | $97.7M | $339.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005029 | −0.079% | $164.4M | $75.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005032 | −0.016% | $25.9M | $63.1M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005020 | −0.267% | $680K | $4.7M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005023 | −0.208% | $27K | $445K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005021 | −0.230% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005018 | −0.290% | $571K | $3.6M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0125% | 8h | 0.000005035 | +0.040% | $46.2M | $172.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005010 | −0.456% | $8K | — | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0318% | 8h | 0.000005029 | −0.070% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0339% | 8h | 0.000005039 | +0.119% | $45.6M | $588.9M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0460% | 8h | 0.000005032 | −0.020% | $4.3M | $25.1M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0556% | 1h | 0.000005027 | −0.119% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0563% | 1h | 0.000005028 | −0.099% | $99K | $755K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0576% | 1h | 0.000005033 | long leg | $935K | $31.4M | 50x | |
| BingX 1000PEPE-USDC | +0.0593% | 8h | 0.000005026 | −0.143% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0620% / S −0.1123% | 1h | 0.000005000 | −0.656% | $47K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0637% | 8h | 0.000005035 | +0.040% | $95.8M | $290.0M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0637% | 8h | 0.000005040 | +0.133% | $140.9M | $1.21B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0640% | 1h | 0.000005036 | +0.051% | $533K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0640% | 1h | 0.000005027 | −0.119% | $142K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0732% | 8h | 0.000005034 | +0.022% | $1.8M | $9.1M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0746% | 1h | 0.000005026 | −0.139% | $71K | $124K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0752% | 8h | 0.000005022 | −0.228% | $2.4M | $7.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0792% | 1h | 0.000005036 | +0.066% | $184K | $871K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0808% | 8h | 0.000005030 | −0.050% | $6K | — | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005045 | +0.238% | $609 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0969% | 1h | 0.000005030 | −0.062% | $97K | $627K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +1.431% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.1216% | 1h | 0.000005035 | +0.040% | $672K | $8.1M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1384% | 1h | 0.000005027 | −0.127% | $4.3M | $15.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1610% | 1h | 0.000005036 | +0.060% | $53.8M | $139.5M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
Nado kPEPE-PERP
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE