Funding you earn now, next payment 08:00 UTC+0.0348%/8h= +38.1% APRnext payment +$3.48 per $10,000 · paid last 24h +0.004%
Price spread now: Phemex against Variational Omni−0.318%7-day average +0.119% · 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)+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)+0.417%+$42 · spread now −0.318%, 7d avg +0.119%
=Together, before fees+0.462%+ Points / potential airdropVariational Omni: Active · farm board+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.437% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.318% now, against its 7-day average of +0.119%). If the spread goes back, that is −$44 on $10k: about 4.2 days of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.045% in total) that is about 36 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.045% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.48 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 | 0.000005158 | 0.0100 | pay 0.0100% / 8h | 1m 01s | $616K | $5.4M | — |
| Short | Phemex u1000PEPEUSDT | 0.000005141 | 0.0448 | get 0.0448% / 8h | 1m 01s | $2.4M | $8.1M | 50x |
Variational Omni 1000PEPE
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $73.08
- Price spread: −0.318% → +0.119%
- −$43.68
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $17.4
- Costs to cover
- 0.120%
- Break-even
- 5.3 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Phemex: live order book, 3 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, 3 min ago | 5.81 bp | doesn't fit | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 5.25 bp | 17.0 bp −$17 | 25.8 bp −$258 | doesn't fit | 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 | 0.000005139 | −0.369% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005138 | −0.384% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005141 | −0.326% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005136 | −0.430% | $99.5M | $432.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005135 | −0.442% | $162.9M | $100.0M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000005158 | long leg | $616K | $5.4M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005134 | −0.469% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005145 | −0.256% | $1K | $2.7M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005141 | −0.326% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005146 | −0.237% | $602K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0140% | 8h | 0.000005142 | −0.304% | $27.1M | $74.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005145 | −0.251% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0240% | 8h | 0.000005140 | −0.353% | $46.2M | $221.1M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0257% | 1h | 0.000005122 | −0.694% | $149K | $836K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0354% | 8h | 0.000005137 | −0.403% | $47.2M | $748.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005134 | −0.462% | $8K | $121K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0419% | 8h | 0.000005142 | −0.306% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0447% | 8h | 0.000005138 | −0.383% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0448% | 8h | 0.000005141 | −0.318% | $2.4M | $8.1M | 50x | |
| BloFin PEPE-USDT | +0.0472% | 8h | 0.000005137 | −0.403% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0474% | 1h | 0.000005140 | −0.351% | $78K | $892K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0529% | 1h | 0.000005141 | −0.326% | $73K | $127K | 25x | as long as short |
| Lighter 1000PEPE | +0.0536% | 1h | 0.000005144 | −0.268% | $617K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005152 | −0.113% | $686K | $39.9M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0675% | 8h | 0.000005136 | −0.429% | — | $175.5M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005148 | −0.190% | $621 | $2K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0696% | 1h | 0.000005136 | −0.416% | $539K | $276K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0696% | 8h | 0.000005140 | −0.337% | $100.9M | $310.4M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0696% | 1h | 0.000005145 | −0.248% | $145K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0697% | 8h | 0.000005136 | −0.429% | $141.8M | $1.50B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0708% | 8h | 0.000005139 | −0.360% | $1.7M | $11.9M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0714% | 1h | 0.000005138 | −0.392% | $4.8M | $16.7M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0719% | 1h | 0.000005146 | −0.220% | $164K | $960K | 10x | as long as short |
| Hyperliquid kPEPE | +0.0877% | 1h | 0.000005142 | −0.306% | $53.3M | $159.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1020% / S −0.1217% | 1h | 0.000005000 | −3.060% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Nado kPEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]