Funding you earn now, next payment 00:00 UTC−0.0334%/8h= −36.6% APRnext payment −$3.34 per $10,000 · paid last 24h −0.006%
Price spread now: Variational Omni against Orderly−0.033%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Variational Omni is 0.033% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000PEPE_USDC | 0.000004878 | 0.0434 | pay 0.0434% / 8h | 1h 53m | $30K | $11K | 20x |
| Short | Variational Omni 1000PEPE | 0.000004876 | 0.0100 | get 0.0100% / 8h | 1h 53m | $556K | $3.9M | — |
Orderly PERP_1000PEPE_USDC
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. 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
- −$70.18
- Price spread: −0.033% → 0.000%
- −$3.31
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$79.49
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 6.13 bp | doesn't fit | 20.4 bp −$204 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000004880 | +0.042% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004871 | −0.146% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004869 | −0.178% | $60.2M | $74.9M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004883 | +0.109% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004872 | −0.117% | $88.8M | $277.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004873 | −0.096% | $152.3M | $62.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004876 | −0.039% | $25.1M | $53.6M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000004876 | −0.033% | $556K | $3.9M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004899 | +0.435% | $28K | $341K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004883 | +0.119% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
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 | 0.000004885 | +0.150% | $557K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0176% | 1h | 0.000004875 | −0.055% | $648K | $5.4M | 10x | as long as short |
| Bitget PEPEUSDT | +0.0180% | 8h | 0.000004873 | −0.103% | $42.9M | $151.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004877 | −0.014% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0202% | 8h | 0.000004873 | −0.096% | $41.9M | $494.4M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0233% | 1h | 0.000004878 | +0.006% | $2K | $9K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0215% | 1h | 0.000004000 | −17.994% | $53K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0320% | 8h | 0.000004875 | −0.055% | $3.8M | $22.3M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDClong | +0.0434% | 8h | 0.000004878 | long leg | $30K | $11K | 20x | |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004877 | −0.014% | $605K | $25.5M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0456% | 8h | 0.000004873 | −0.092% | $2.4M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0502% | 8h | 0.000004885 | +0.152% | $5K | $16 | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0571% | 1h | 0.000004876 | −0.035% | $82K | $94K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0588% | 1h | 0.000004879 | +0.027% | $189K | $849K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0712% | 1h | 0.000004883 | +0.109% | $559 | $2K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0839% | 8h | 0.000004875 | −0.045% | — | $2.3M | — | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004886 | +0.170% | $4K | $103K | 12x | as long as short |
| Extended 1000PEPE-USD | +0.0880% | 1h | 0.000004875 | −0.057% | $538K | $147K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0880% | 1h | 0.000004865 | −0.260% | $138K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0881% | 8h | 0.000004874 | −0.070% | $130.7M | $1.03B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0886% | 8h | 0.000004874 | −0.066% | $92.4M | $282.3M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0916% | 8h | 0.000004879 | +0.035% | $1.5M | $6.9M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0995% | 1h | 0.000004873 | −0.100% | $93K | $614K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1309% | 1h | 0.000004875 | −0.060% | $4.0M | $13.2M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.2353% | 1h | 0.000004896 | +0.375% | $104K | $764K | 25x | as long as short |
HTX PEPE-USDT
Lighter 1000PEPE
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERP
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Injective PEPE/USDC PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT