Funding you earn now, next payment 23:00 UTC−0.0628%/8h= −68.7% APRpaid last 24h −0.057%
Price spread now: Variational Omni against Nado−0.033%7-day average −0.097% · 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)−0.093%−$9 on $10k
+Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.033%, 7d avg −0.097%
=Together, before fees−0.049%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.064% dearer against Nado than usual: you sell high and buy low (spread −0.033% now, against its 7-day average of −0.097%): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 3 days (−0.093% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.093% in total (about -10.8% 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 | Nado kPEPE-PERP | 0.000004866 | 0.0728 | pay 0.0091% / 1h | 38m 47s | $187K | $854K | 10x |
| Short | Variational Omni 1000PEPE | 0.000004864 | 0.0100 | get 0.0100% / 8h | 1h 38m | $583K | $4.0M | — |
Nado kPEPE-PERP
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Nado. 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
- −$131.79
- Price spread: −0.033% → −0.097%
- $6.36
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$132.43
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 45 min ago; Variational Omni: RFQ quote, just now. 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 Nado live order book, 45 min ago | 4.12 bp | 11.9 bp −$12 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 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 | 0.000004869 | +0.075% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004861 | −0.089% | $14K | — | 150x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004875 | +0.194% | $616K | $5.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004862 | −0.073% | $61.7M | $77.7M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004872 | +0.133% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004871 | +0.102% | $88.2M | $279.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004863 | −0.052% | $152.2M | $62.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004866 | +0.020% | $25.2M | $53.8M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000004864 | −0.033% | $583K | $4.0M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004863 | −0.061% | $27K | $342K | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004871 | +0.118% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004866 | +0.009% | $2K | $9K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004872 | +0.124% | $551K | $3.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0161% | 8h | 0.000004867 | +0.038% | $42.8M | $151.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004867 | +0.022% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0201% | 8h | 0.000004873 | +0.153% | $42.0M | $496.1M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0317% / S −0.0215% | 1h | 0.000004000 | −17.789% | $53K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0322% | 8h | 0.000004870 | +0.091% | $3.9M | $22.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0398% | 8h | 0.000004874 | +0.166% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0414% | 8h | 0.000004869 | +0.061% | $2.3M | $6.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0442% | 8h | 0.000004863 | −0.061% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004863 | −0.052% | $616K | $25.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0504% | 1h | 0.000004863 | −0.052% | $557 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0573% | 1h | 0.000004866 | +0.009% | $82K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0644% | 1h | 0.000004866 | +0.015% | $92K | $614K | 15x | as long as short |
| Nado kPEPE-PERPlong | +0.0728% | 1h | 0.000004866 | long leg | $187K | $854K | 10x | |
| ApeX Omni 1000PEPEUSDT | +0.0783% | 1h | 0.000004859 | −0.135% | $103K | $763K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0813% | 8h | 0.000004868 | +0.040% | — | $256.1M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0841% | 8h | 0.000004871 | +0.113% | $131.3M | $1.03B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0844% | 8h | 0.000004872 | +0.139% | $92.6M | $283.4M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0848% | 1h | 0.000004866 | +0.011% | $535K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0848% | 1h | 0.000004867 | +0.030% | $138K | — | 3x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004877 | +0.235% | $4K | $103K | 12x | as long as short |
| Aster 1000PEPEUSDT | +0.0876% | 8h | 0.000004867 | +0.038% | $1.5M | $7.0M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1311% | 1h | 0.000004864 | −0.027% | $4.0M | $13.3M | 50x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Injective PEPE/USDC PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD