Funding you earn now, next payment 00:00 UTC−0.0508%/8h= −55.6% APRpaid last 24h −0.069%
Price spread now: Variational Omni against Aevo+0.210%48s7-day average −0.100% · 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)−0.099%−$10 on $10k
+Price spread, last 3 days (all we have)−0.424%−$42 · spread now +0.210%, 7d avg −0.100%
=Together, before fees−0.524%+ Points / potential airdropVariational Omni: Active · farm board−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.310% dearer against Aevo than usual: you sell high and buy low (spread +0.210% now, against its 7-day average of −0.100%): +$31 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 3 days (−0.099% in total) that is about 10 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.099% in total (about -10.9% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo 1000PEPE-PERP | 0.000004743 | 0.0608 | pay 0.0076% / 1h | 23m 23s | $134K | — | 3x |
| Short | Variational Omni 1000PEPE | 0.000004753 | 0.0100 | get 0.0100% / 8h | 23m 23s | $536K | $4.1M | — |
Aevo 1000PEPE-PERP
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Aevo. 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
- −$106.68
- Price spread: +0.210% → −0.100%
- $30.97
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$91.71
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Aevo: live order book, 55 min ago; Variational Omni: RFQ quote, 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 Aevo live order book, 55 min ago | 275.11 bp | 560.4 bp −$560 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 5.28 bp | doesn't fit | 15.8 bp −$158 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0192% | 1h | 0.000004739 | −0.084% | $66.4M | $93.4M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004740 | −0.071% | $17K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004743 | −0.008% | $13K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0067% | 1h | 0.000004739 | −0.087% | $3.8M | $13.7M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004741 | −0.042% | $59K | $116K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004748 | +0.101% | $86.1M | $291.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004739 | −0.084% | $148.8M | $64.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004742 | −0.011% | $24.2M | $54.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004745 | +0.034% | $41.9M | $150.4M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000004753 | +0.210% | $536K | $4.1M | — |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004750 | +0.139% | $25K | $349K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004745 | +0.042% | $99K | $754K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004748 | +0.105% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004739 | −0.084% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004744 | +0.021% | $534K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0104% | 1h | 0.000004740 | −0.063% | $582K | $6.4M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0178% | 8h | 0.000004744 | +0.014% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0183% | 8h | 0.000004739 | −0.076% | $2.3M | $6.5M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004747 | +0.080% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0200% | 8h | 0.000004745 | +0.042% | $41.1M | $494.3M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0272% | 1h | 0.000004745 | +0.042% | $544 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0326% | 8h | 0.000004743 | 0.000% | $3.9M | $22.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000004751 | +0.158% | $29K | $13K | 20x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0382% / S −0.0344% | 1h | 0.000004000 | −15.665% | $46K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004740 | −0.063% | $557K | $25.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004768 | +0.527% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0577% | 1h | 0.000004739 | −0.082% | $90K | $602K | 15x | as long as short |
| Aster 1000PEPEUSDT | +0.0595% | 8h | 0.000004740 | −0.059% | $1.5M | $7.3M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0598% | 8h | 0.000004746 | +0.067% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0599% | 8h | 0.000004748 | +0.104% | $130.8M | $1.06B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0605% | 8h | 0.000004746 | +0.072% | $88.5M | $281.8M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0608% | 1h | 0.000004742 | −0.025% | $521K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERPlong | +0.0608% | 1h | 0.000004743 | long leg | $134K | — | 3x | |
| Nado kPEPE-PERP | +0.0662% | 1h | 0.000004745 | +0.042% | $181K | $849K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0806% | 1h | 0.000004742 | −0.021% | $76K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
01 Exchange kPEPEUSD
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Aster 1000PEPEUSDT
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUAL