Funding you earn now, next payment 05:00 UTC−0.1449%/8h= −158.7% APRpaid last 24h −0.173%
Price spread now: Variational Omni against Kraken Futures+0.135%7-day average −0.098% · 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)−0.222%−$22 on $10k
+Price spread, last 4 days (all we have)−0.460%−$46 · spread now +0.135%, 7d avg −0.098%
=Together, before fees−0.682%+ Points / potential airdropVariational Omni: Active · farm board−$68 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.233% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of −0.098%): +$23 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 4 days (−0.222% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.222% in total (about -23.1% 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 | Kraken Futures PF_PEPEUSD | 0.000005271 | 0.1549 | pay 0.0194% / 1h | 55m 15s | $4.8M | $16.2M | 50x |
| Short | Variational Omni 1000PEPE | 0.000005279 | 0.0100 | get 0.0100% / 8h | 3h 55m | $747K | $5.0M | — |
Kraken Futures PF_PEPEUSD
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Kraken Futures. 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
- −$304.26
- Price spread: +0.135% → −0.098%
- $23.27
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$290.99
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 Kraken Futures live order book, 4 min ago | 8.57 bp | 15.5 bp −$16 | 25.7 bp −$257 | 85.1 bp −$8,507 | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 4.76 bp | doesn't fit | 20.0 bp −$200 | 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 | 0.000005265 | −0.131% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005264 | −0.136% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005258 | −0.255% | $3K | $110K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005274 | +0.048% | $70K | $152K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005268 | −0.058% | $102.9M | $366.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005260 | −0.217% | $172.3M | $84.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005275 | +0.061% | $26.8M | $66.8M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005279 | +0.135% | $747K | $5.0M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005261 | −0.203% | $38K | $491K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005276 | +0.094% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005284 | +0.242% | $611K | $3.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005265 | −0.116% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0243% | 8h | 0.000005277 | +0.103% | $48.6M | $183.4M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0373% | 8h | 0.000005274 | +0.048% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0407% | 8h | 0.000005276 | +0.086% | $51.4M | $661.4M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0531% | 8h | 0.000005279 | +0.143% | $4.5M | $27.7M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0607% | 8h | 0.000005279 | +0.134% | $2.6M | $7.4M | 50x | as long as short |
| Lighter 1000PEPE | +0.0664% | 1h | 0.000005277 | +0.105% | $640K | $8.4M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0700% | 1h | 0.000005269 | −0.047% | $75K | $126K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005263 | −0.160% | $771K | $35.6M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0744% | 8h | 0.000005278 | +0.120% | — | $263.5M | — | as long as short |
| MEXC PEPE_USDT | +0.0787% | 8h | 0.000005278 | +0.132% | $102.8M | $291.3M | 300x | as long as short |
| SoDEX 1000PEPE-USD | +0.0788% | 1h | 0.000005274 | +0.048% | $2K | $10K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0792% | 8h | 0.000005274 | +0.054% | $153.4M | $1.29B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0792% | 1h | 0.000005271 | −0.012% | $560K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0792% | 1h | 0.000005274 | +0.048% | $149K | — | 3x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0799% | 8h | 0.000005262 | −0.180% | $6K | — | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0865% / S −0.1707% | 1h | 0.000005000 | −5.150% | $64K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0913% | 8h | 0.000005272 | +0.016% | $1.9M | $9.8M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0923% | 1h | 0.000005266 | −0.101% | $186K | $912K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1360% | 1h | 0.000005278 | +0.124% | $637 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1383% | 1h | 0.000005253 | −0.350% | $173K | $798K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1411% | 1h | 0.000005276 | +0.080% | $84K | $715K | 15x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.1549% | 1h | 0.000005271 | long leg | $4.8M | $16.2M | 50x | |
| Hyperliquid kPEPE | +0.1625% | 1h | 0.000005283 | +0.219% | $57.5M | $143.6M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
MEXC PEPE_USDT
SoDEX 1000PEPE-USD
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Paradex kPEPE-USD-PERP
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE