PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0125%/8h= −13.7% APRnext payment −$1.25 per $10,000 · paid last 24h −0.055%

Price spread now: Variational Omni against Paradex+0.038%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Variational Omni

What this pair did over the last

the charts below follow

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 airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.038% dearer against Paradex than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex kPEPE-USD-PERP	0.000004796	0.0225	pay 0.0225% / 8h	54m 05s	$5K	$16	20x
Short	Variational Omni 1000PEPE	0.000004798	0.0100	get 0.0100% / 8h	54m 05s	$596K	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee Variational OmnibpOrdersPrice spread, now +0.038%Rate

Funding earned: −$26.29
Price spread: +0.038% → 0.000%: $3.82
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.47
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 5 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 Paradex no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	5.22 bp	doesn't fit	15.7 bp −$157	doesn't fit	doesn't fit

Paradex: 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
Hyperliquid kPEPE	−0.0185%	1h	0.000004791	−0.105%	$66.0M	$86.6M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004795	−0.014%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004793	−0.071%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004797	+0.025%	$3.9M	$13.4M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004797	+0.020%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004794	−0.040%	$86.6M	$286.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004794	−0.042%	$150.6M	$63.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004795	−0.013%	$24.6M	$54.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004800	+0.079%	$42.3M	$149.3M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	0.000004798	+0.038%	$596K	$4.1M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004805	+0.190%	$28K	$344K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004802	+0.123%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004799	+0.062%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004806	+0.200%	$544K	$3.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004799	+0.054%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004796	0.000%	$41.6M	$496.0M	50x	as long as short
Paradex kPEPE-USD-PERPlong	+0.0225%	8h	0.000004796	long leg	$5K	$16	20x
01 Exchange kPEPEUSD	+0.0240%	1h	0.000004795	−0.021%	$549	$2K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0272%	8h	0.000004791	−0.098%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDT	+0.0340%	8h	0.000004808	+0.250%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0349% / S −0.0385%	1h	0.000004000	−16.598%	$42K	—	100x	as long as short
Lighter 1000PEPE	+0.0392%	1h	0.000004798	+0.041%	$644K	$6.2M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004808	+0.250%	$569K	$25.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004803	+0.146%	$4K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0441%	8h	0.000004796	−0.003%	$30K	$12K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0558%	1h	0.000004800	+0.077%	$91K	$602K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0584%	1h	0.000004798	+0.041%	$81K	$94K	25x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0598%	1h	0.000004805	+0.187%	$100K	$761K	25x	as long as short
BingX 1000PEPE-USDT	+0.0683%	8h	0.000004798	+0.048%	—	$256.5M	—	as long as short
Binance 1000PEPEUSDT	+0.0708%	8h	0.000004796	−0.011%	$131.7M	$1.05B	75x	as long as short
Extended 1000PEPE-USD	+0.0712%	1h	0.000004799	+0.066%	$529K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0712%	8h	0.000004800	+0.077%	$92.9M	$278.0M	300x	as long as short
Aster 1000PEPEUSDT	+0.0713%	8h	0.000004796	+0.008%	$1.5M	$7.2M	50x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	0.000004802	+0.125%	$136K	—	3x	as long as short
Nado kPEPE-PERP	+0.0860%	1h	0.000004796	+0.001%	$184K	$845K	10x	as long as short