Funding you earn now, next payment 09:00 UTC+0.0518%/8h= +56.8% APRpaid last 24h +0.225%
Price spread now: Kraken Futures against Variational Omni−0.239%7-day average +0.068% · 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)+0.274%+$27 on $10k
+Price spread, last 4 days (all we have)+0.366%+$37 · spread now −0.239%, 7d avg +0.068%
=Together, before fees+0.639%+ Points / potential airdropVariational Omni: Active · farm board+$64 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.308% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.239% now, against its 7-day average of +0.068%). If the spread goes back, that is −$31 on $10k: about 47 hours of funding at the current rate (+$16 a day). At the pace of the last 4 days (+0.274% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni 1000PEPE | 0.000005140 | 0.0100 | pay 0.0100% / 8h | 7h 58m | $625K | $5.4M | — |
| Short | Kraken Futures PF_PEPEUSD | 0.000005127 | 0.0618 | get 0.0077% / 1h | 58m 48s | $4.8M | $16.7M | 50x |
Variational Omni 1000PEPE
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $108.85
- Price spread: −0.239% → +0.068%
- −$30.76
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $68.09
- Costs to cover
- 0.100%
- Break-even
- 2.6 days
Slippage unknown: Variational Omni: RFQ quote, just now; Kraken Futures: live order book, 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 Variational Omni RFQ quote, just now | 5.84 bp | doesn't fit | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 5.54 bp | 11.0 bp −$11 | 15.1 bp −$151 | 67.7 bp −$6,769 | 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 | 0.000005127 | −0.254% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005126 | −0.259% | $4K | — | 150x | as long as short |
| Nado kPEPE-PERP | +0.0100% | 1h | 0.000005130 | −0.200% | $163K | $960K | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005127 | −0.249% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005129 | −0.210% | $99.3M | $433.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005121 | −0.366% | $162.6M | $98.2M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000005140 | long leg | $625K | $5.4M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005134 | −0.121% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005144 | +0.074% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005133 | −0.138% | $601K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Nado kPEPE-PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0137% | 1h | 0.000005131 | −0.171% | $2K | $11K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005133 | −0.132% | $8K | $120K | 12x | as long as short |
| KuCoin PEPEUSDTM | +0.0148% | 8h | 0.000005125 | −0.294% | $26.9M | $74.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005130 | −0.191% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0237% | 8h | 0.000005120 | −0.393% | $46.0M | $221.3M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0257% | 1h | 0.000005122 | −0.346% | $149K | $836K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0317% | 1h | 0.000005123 | −0.325% | $78K | $893K | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0354% | 8h | 0.000005129 | −0.210% | $47.0M | $747.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0421% | 8h | 0.000005129 | −0.208% | $34K | $26K | 20x | as long as short |
| Hyperliquid kPEPE | +0.0431% | 1h | 0.000005130 | −0.191% | $53.2M | $159.7M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0437% | 8h | 0.000005131 | −0.173% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0456% | 8h | 0.000005130 | −0.199% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0472% | 8h | 0.000005132 | −0.152% | $4.5M | $30.4M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005140 | +0.004% | $682K | $39.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0512% | 1h | 0.000005133 | −0.132% | $619 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0530% | 1h | 0.000005129 | −0.210% | $73K | $128K | 25x | as long as short |
| Lighter 1000PEPE | +0.0600% | 1h | 0.000005135 | −0.094% | $622K | $9.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0618% | 1h | 0.000005127 | −0.239% | $4.8M | $16.7M | 50x | |
| BingX 1000PEPE-USDC | +0.0675% | 8h | 0.000005123 | −0.331% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0688% | 1h | 0.000005121 | −0.370% | $539K | $277K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0688% | 1h | 0.000005144 | +0.082% | $145K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0688% | 8h | 0.000005133 | −0.128% | $141.7M | $1.50B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0691% | 8h | 0.000005129 | −0.212% | $101.2M | $304.9M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0701% | 8h | 0.000005129 | −0.203% | $1.7M | $11.9M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1020% / S −0.1217% | 1h | 0.000005000 | −2.720% | $50K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Injective PEPE/USDC PERP
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Hyperliquid kPEPE
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]