Funding you earn now, next payment 07:00 UTC−0.0596%/8h= −65.3% APRpaid last 24h −0.151%
Price spread now: Variational Omni against Lighter−0.746%7-day average −0.092% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.210%−$21 on $10k
+Price spread, last 7 days+0.814%+$81 · spread now −0.746%, 7d avg −0.092%
=Together, before fees+0.604%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$60 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Variational Omni is 0.654% cheaper against Lighter than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.210% in total (about -21.2% 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 | Lighter 1000PEPE | 0.000005153 | 0.0696 | pay 0.0087% / 1h | 7m 26s | $615K | $9.1M | 10x |
| Short | Variational Omni 1000PEPE | 0.000005115 | 0.0100 | get 0.0100% / 8h | 1h 07m | $600K | $5.3M | — |
Lighter 1000PEPE
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Lighter. 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
- −$125.16
- Price spread: −0.746% → −0.092%
- −$65.38
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$190.54
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 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 Lighter live order book, 6 min ago | 2.93 bp | 7.8 bp −$8 | 17.9 bp −$179 | 42.3 bp −$4,228 | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 4.86 bp | doesn't fit | 12.6 bp −$126 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005127 | −0.505% | $8K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005141 | −0.224% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005149 | −0.072% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005148 | −0.097% | $60K | $182K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005156 | +0.054% | $100.8M | $420.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005146 | −0.136% | $164.1M | $97.6M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005115 | −0.746% | $600K | $5.3M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005152 | −0.015% | $28K | $543K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005153 | −0.006% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005144 | −0.169% | $596K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0112% | 8h | 0.000005155 | +0.035% | $26.3M | $72.6M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0159% | 1h | 0.000005149 | −0.078% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005153 | +0.002% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0285% | 8h | 0.000005155 | +0.037% | $46.1M | $216.3M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0334% | 1h | 0.000005144 | −0.175% | $73K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0392% | 8h | 0.000005162 | +0.175% | $47.6M | $735.9M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0399% | 8h | 0.000005161 | +0.149% | $34K | $26K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0422% | 1h | 0.000005152 | −0.019% | $150K | $829K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0453% | 1h | 0.000005150 | −0.066% | $73K | $864K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0453% | 1h | 0.000005148 | −0.103% | $4.7M | $16.5M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0514% | 8h | 0.000005149 | −0.078% | $4.5M | $29.6M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0516% | 8h | 0.000005150 | −0.062% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0524% | 8h | 0.000005149 | −0.080% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005146 | −0.136% | $668K | $38.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005158 | +0.097% | $622 | $3K | 10x | as long as short |
| Lighter 1000PEPElong | +0.0696% | 1h | 0.000005153 | long leg | $615K | $9.1M | 10x | |
| Nado kPEPE-PERP | +0.0706% | 1h | 0.000005156 | +0.057% | $165K | $960K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0720% | 8h | 0.000005157 | +0.074% | — | $218.0M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0752% | 1h | 0.000005150 | −0.058% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0752% | 8h | 0.000005157 | +0.069% | $1.8M | $11.7M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0759% | 8h | 0.000005156 | +0.066% | $141.7M | $1.47B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005148 | −0.094% | $540K | $284K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0761% | 8h | 0.000005146 | −0.126% | $99.9M | $306.6M | 300x | as long as short |
| Hyperliquid kPEPE | +0.0952% | 1h | 0.000005158 | +0.097% | $53.6M | $156.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1132% / S −0.2249% | 1h | 0.000005000 | −2.969% | $64K | — | 100x | as long as short |
KuCoin PEPEUSDTM
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Nado kPEPE-PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]