Funding you earn now, next payment 08:00 UTC−0.0320%/8h= −35.1% APRnext payment −$3.20 per $10,000 · paid last 24h −0.010%
Price spread now: Variational Omni against OKX−0.364%7-day average −0.058% · 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)−0.039%−$4 on $10k
+Price spread, last 7 days+0.347%+$35 · spread now −0.364%, 7d avg −0.058%
=Together, before fees+0.308%+ Points / potential airdropVariational Omni: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Variational Omni is 0.307% cheaper against OKX than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.039% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.20 per $10,000. 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 | OKX PEPE-USDT-SWAP | 0.000005029 | 0.0420 | pay 0.0420% / 8h | 2h 38m | $46.3M | $684.9M | 50x |
| Short | Variational Omni 1000PEPE | 0.000005011 | 0.0100 | get 0.0100% / 8h | 2h 38m | $601K | $5.4M | — |
OKX PEPE-USDT-SWAP
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against OKX. 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
- −$67.23
- Price spread: −0.364% → −0.058%
- −$30.67
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$107.9
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 OKX live order book, 1 min ago | 1.00 bp | 7.7 bp −$8 | 14.2 bp −$142 | 37.8 bp −$3,778 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 5.00 bp | doesn't fit | 17.0 bp −$170 | 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 | 0.000005010 | −0.384% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0001% | 1h | 0.000005018 | −0.213% | $6K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005013 | −0.318% | $57K | $177K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005027 | −0.040% | $99.3M | $402.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005026 | −0.060% | $162.4M | $93.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005027 | −0.040% | $25.2M | $70.5M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005011 | −0.364% | $601K | $5.4M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005029 | −0.001% | $28K | $536K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005028 | −0.020% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005014 | −0.300% | $562K | $4.1M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005025 | −0.071% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0198% | 1h | 0.000005030 | +0.020% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0340% | 8h | 0.000005030 | +0.016% | $45.3M | $209.5M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0408% | 8h | 0.000005029 | −0.004% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAPlong | +0.0420% | 8h | 0.000005029 | long leg | $46.3M | $684.9M | 50x | |
| Paradex kPEPE-USD-PERP | +0.0544% | 8h | 0.000005010 | −0.381% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0545% | 8h | 0.000005013 | −0.318% | $4.4M | $27.9M | 75x | as long as short |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005026 | −0.060% | $606 | $3K | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0664% | 8h | 0.000005030 | +0.016% | $2.4M | $7.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0667% | 1h | 0.000005033 | +0.082% | $73K | $830K | 15x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005027 | −0.040% | $638K | $36.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.0720% | 1h | 0.000005036 | +0.139% | $598K | $9.0M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0745% | 1h | 0.000005028 | −0.020% | $72K | $127K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0760% | 1h | 0.000005027 | −0.030% | $166K | $942K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0770% | 8h | 0.000005021 | −0.161% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000005028 | −0.020% | $530K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005028 | −0.020% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0802% | 8h | 0.000005032 | +0.062% | $97.1M | $300.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0802% | 8h | 0.000005031 | +0.032% | $141.8M | $1.40B | 75x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0849% | 1h | 0.000005031 | +0.043% | $4.6M | $16.7M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0863% | 8h | 0.000005031 | +0.038% | $1.8M | $11.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0985% | 1h | 0.000005018 | −0.219% | $154K | $813K | 25x | as long as short |
| Hyperliquid kPEPE | +0.1076% | 1h | 0.000005034 | +0.099% | $53.0M | $151.7M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1083% / S −0.2019% | 1h | 0.000005000 | −0.577% | $64K | — | 100x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | +0.099% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
01 Exchange kPEPEUSD
Phemex u1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
Injective PEPE/USDC PERP