Funding you earn now, next payment 08:00 UTC+0.0411%/8h= +45.0% APRnext payment +$4.11 per $10,000 · paid last 24h +0.037%
Price spread now: MEXC against Variational Omni+0.600%7-day average +0.105% · 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)+0.078%+$8 on $10k
+Price spread, last 7 days−0.528%−$53 · spread now +0.600%, 7d avg +0.105%
=Together, before fees−0.450%+ Points / potential airdropVariational Omni: Active · farm board−$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and MEXC is 0.495% dearer against Variational Omni than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of +0.105%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.078% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni 1000PEPE | 0.000005030 | 0.0100 | pay 0.0100% / 8h | 6h 28m | $565K | $4.5M | — |
| Short | MEXC PEPE_USDT | 0.000005060 | 0.0511 | get 0.0511% / 8h | 6h 28m | $95.6M | $289.9M | 300x |
Variational Omni 1000PEPE
MEXC PEPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $86.31
- Price spread: +0.600% → +0.105%
- $49.45
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $135.76
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; MEXC: live order book, 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 Variational Omni RFQ quote, 1 min ago | 4.95 bp | doesn't fit | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.30 bp | 3.0 bp −$3 | 13.0 bp −$130 | 49.4 bp −$4,937 | 77.2 bp −$38.6K |
PEPE on 34 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 | 0.000005042 | +0.238% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005061 | +0.620% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005050 | +0.403% | $61K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005063 | +0.666% | $98.5M | $321.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005062 | +0.642% | $161.7M | $70.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005066 | +0.723% | $25.1M | $60.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005066 | +0.727% | $46.5M | $159.9M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000005030 | long leg | $565K | $4.5M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005036 | +0.130% | $27K | $409K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005070 | +0.795% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005049 | +0.391% | $569K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005069 | +0.772% | $8K | — | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0204% | 8h | 0.000005060 | +0.610% | $2.4M | $6.9M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0227% | 8h | 0.000005063 | +0.662% | $44.9M | $566.0M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0277% | 8h | 0.000005075 | +0.892% | $33K | $23K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0340% | 1h | 0.000005036 | +0.125% | $106K | $746K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005063 | +0.662% | $656K | $29.2M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0479% | 8h | 0.000005065 | +0.699% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0507% / S −0.0412% | 1h | 0.000005000 | −0.591% | $63K | — | 100x | as long as short |
| MEXC PEPE_USDTshort | +0.0511% | 8h | 0.000005060 | +0.600% | $95.6M | $289.9M | 300x | |
| Aevo 1000PEPE-PERP | +0.0512% | 1h | 0.000005070 | +0.801% | $143K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0518% | 8h | 0.000005066 | +0.717% | $142.8M | $1.16B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0520% | 1h | 0.000005069 | +0.777% | $557K | $199K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0539% | 8h | 0.000005050 | +0.393% | $6K | $16 | 20x | as long as short |
| Aster 1000PEPEUSDT | +0.0609% | 8h | 0.000005068 | +0.771% | $1.7M | $8.1M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0614% | 1h | 0.000005065 | +0.694% | $178K | $878K | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0615% | 1h | 0.000005067 | +0.741% | $2K | $12K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0737% | 1h | 0.000005073 | +0.860% | $62K | $114K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0822% | 1h | 0.000005066 | +0.723% | $4.0M | $14.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005061 | +0.622% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0923% | 1h | 0.000005069 | +0.775% | $102K | $616K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005064 | +0.682% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1440% | 1h | 0.000005077 | +0.940% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2240% | 1h | 0.000005073 | +0.860% | $55.9M | $135.6M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Paradex kPEPE-USD-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE