Funding you earn now, next payment 22:00 UTC+0.0874%/8h= +95.8% APRpaid last 24h +0.028%
Price spread now: Deribit against Variational Omni+1.269%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$26 a day on $10k at the current rate, and Deribit is 1.269% dearer against Variational Omni than usual: you sell high and buy low: +$127 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni 1000PEPE | 0.000004845 | 0.0100 | pay 0.0100% / 8h | 2h 47m | $708K | $3.7M | — |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004906 | 0.0974 | get 0.0122% / 1h | 47m 05s | $83K | $94K | 25x |
Variational Omni 1000PEPE
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. 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
- $183.64
- Price spread: +1.269% → 0.000%
- $126.9
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $303.54
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Deribit: no order-book sample. 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 Variational Omni RFQ quote, 2 min ago | 5.13 bp | doesn't fit | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | 0.000004898 | +1.103% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004898 | +1.110% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004899 | +1.124% | $56.8M | $68.6M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004901 | +1.166% | $57K | $109K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004894 | +1.021% | $89.5M | $271.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004895 | +1.042% | $149.2M | $60.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004894 | +1.023% | $25.5M | $51.1M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000004845 | long leg | $708K | $3.7M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004879 | +0.703% | $27K | $337K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004917 | +1.488% | $2K | $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 | 0.000004907 | +1.288% | $557K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0110% | 8h | 0.000004899 | +1.124% | $42.1M | $495.4M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0173% | 8h | 0.000004895 | +1.046% | $45.0M | $150.4M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004908 | +1.310% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0230% | 8h | 0.000004894 | +1.021% | $4.0M | $21.8M | 75x | as long as short |
| Lighter 1000PEPE | +0.0240% | 1h | 0.000004900 | +1.145% | $572K | $5.0M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0320% / S −0.0217% | 1h | 0.000004000 | −17.433% | $53K | — | 100x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0338% | 1h | 0.000004899 | +1.116% | $108K | $619K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0346% | 8h | 0.000004909 | +1.327% | $5K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0357% | 8h | 0.000004906 | +1.271% | $31K | $10K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0425% | 8h | 0.000004897 | +1.091% | $2.4M | $6.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004899 | +1.124% | $601K | $25.7M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004908 | +1.310% | $4K | $92K | 12x | as long as short |
| Nado kPEPE-PERP | +0.0643% | 1h | 0.000004907 | +1.290% | $183K | $866K | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0675% | 1h | 0.000004900 | +1.145% | $2K | $9K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0747% | 1h | 0.000004900 | +1.151% | $3.9M | $12.8M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0756% | 8h | 0.000004902 | +1.184% | — | $2.3M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0766% | 1h | 0.000004850 | +0.113% | $101K | $757K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0798% | 8h | 0.000004902 | +1.176% | $91.6M | $287.1M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0799% | 8h | 0.000004900 | +1.151% | $129.4M | $1.01B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0800% | 1h | 0.000004902 | +1.194% | $538K | $146K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000004909 | +1.331% | $139K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0868% | 8h | 0.000004906 | +1.265% | $1.5M | $6.7M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0974% | 1h | 0.000004906 | +1.269% | $83K | $94K | 25x | |
| 01 Exchange kPEPEUSD | +0.1576% | 1h | 0.000004918 | +1.517% | $563 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Nado kPEPE-PERP
SoDEX 1000PEPE-USD
Kraken Futures PF_PEPEUSD
BingX 1000PEPE-USDC
ApeX Omni 1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD