Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.070%
Price spread now: Extended against Variational Omni−0.033%7-day average +0.047% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.104%+$10 on $10k
Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.033%, 7d avg +0.047%
Together, before fees+0.111%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.079% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.047%). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$16 a day). At the pace of the last 3 days (+0.104% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.104% in total (about 11.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni 1000PEPE0.0000047650.0100pay 0.0100% / 8h29m 54s$583K$4.1M
ShortExtended 1000PEPE-USD0.0000047630.0624get 0.0078% / 1h29m 54s$524K$148K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Profit calculator

Funding earned
$110.04
Price spread: −0.033% → +0.047%
−$7.93
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$97.11
Costs to cover
0.050%
Break-even
0.8 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Extended: live order book, 48 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 4 min ago6.30 bpdoesn't fit10.5 bp −$105doesn't fitdoesn't fit
Sell Extended live order book, 48 min ago3.13 bp7.7 bp −$845.3 bp −$453doesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid kPEPE−0.0147%1h0.000004761−0.083%$66.2M$92.9M10xas long as short
dYdX PEPE-USD0.0000%1h0.000004759−0.116%$17K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004760−0.100%$13K150xas long as short
Kraken Futures PF_PEPEUSD+0.0067%1h0.000004765−0.002%$3.8M$13.7M50xas long as short
Pacifica kPEPE+0.0100%1h0.000004764−0.020%$59K$116K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004765+0.001%$85.7M$289.9M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004762−0.062%$149.5M$64.4M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004766+0.016%$24.2M$54.4M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004770+0.100%$42.1M$150.1M75xas long as short
Variational Omni 1000PEPElong+0.0100%8h0.000004765long leg$583K$4.1M
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX 1000PEPEUSDC+0.0100%4h0.000004771+0.126%$26K$351K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004769+0.085%$99K$761K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004773+0.169%$2K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004767+0.043%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004762−0.070%$539K$3.5M75xas long as short
Lighter 1000PEPE+0.0104%1h0.000004770+0.106%$600K$6.4M10xas long as short
Paradex kPEPE-USD-PERP+0.0184%8h0.000004766+0.031%$5K$1620xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004762−0.054%$7K15xas long as short
Phemex u1000PEPEUSDT+0.0193%8h0.000004769+0.079%$2.3M$6.4M50xas long as short
OKX PEPE-USDT-SWAP+0.0205%8h0.000004768+0.064%$41.4M$495.0M50xas long as short
01 Exchange kPEPEUSD+0.0256%1h0.000004766+0.022%$546$2K10xas long as short
BloFin PEPE-USDT+0.0324%8h0.000004765+0.001%$3.9M$22.2M75xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0378% / S −0.0339%1h0.000004000−16.054%$47K100xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0380%1h0.000004766+0.022%$77K$98K25xas long as short
Orderly PERP_1000PEPE_USDC+0.0392%8h0.000004767+0.037%$30K$12K20xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0400%1h0.000004768+0.064%$569K$25.6M50xas long as short
Injective PEPE/USDC PERP+0.0437%1h0.000004775+0.211%$4K$102K12xas long as short
Backpack kPEPE_USDC_PERP+0.0547%1h0.000004768+0.068%$90K$601K15xas long as short
BingX 1000PEPE-USDC+0.0616%8h0.000004765+0.003%$2.3Mas long as short
Binance 1000PEPEUSDT+0.0621%8h0.000004769+0.081%$130.8M$1.06B75xas long as short
Aster 1000PEPEUSDT+0.0622%8h0.000004765−0.007%$1.5M$7.3M50xas long as short
Extended 1000PEPE-USDshort+0.0624%1h0.000004763−0.033%$524K$148K25x
MEXC PEPE_USDT+0.0624%8h0.000004770+0.102%$91.5M$281.0M300xas long as short
Aevo 1000PEPE-PERP+0.0624%1h0.000004767+0.043%$135K3xas long as short
Nado kPEPE-PERP+0.0694%1h0.000004763−0.039%$182K$849K10xas long as short