Funding you earn now, next payment 00:00 UTC−0.0492%/8h= −53.9% APRpaid last 24h −0.108%
Price spread now: Variational Omni against Backpack−0.004%7-day average −0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now −0.004%, 7d avg −0.090%
=Together, before fees−0.265%+ Points / potential airdropVariational Omni: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.086% dearer against Backpack than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.090%): +$9 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 3 days (−0.154% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.154% in total (about -17.0% 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 | Backpack kPEPE_USDC_PERP | 0.000004816 | 0.0592 | pay 0.0074% / 1h | 50m 13s | $91K | $601K | 15x |
| Short | Variational Omni 1000PEPE | 0.000004816 | 0.0100 | get 0.0100% / 8h | 50m 13s | $585K | $4.1M | — |
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Backpack. 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
- −$103.31
- Price spread: −0.004% → −0.090%
- $8.61
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$104.7
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 29 min ago; Variational Omni: RFQ quote, 4 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 Backpack live order book, 29 min ago | 3.23 bp | 11.8 bp −$12 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 6.25 bp | doesn't fit | 14.6 bp −$146 | 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 | −0.0215% | 1h | 0.000004809 | −0.147% | $67.1M | $87.4M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004818 | +0.036% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004811 | −0.104% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0066% | 1h | 0.000004813 | −0.071% | $3.9M | $13.5M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004820 | +0.081% | $60K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004810 | −0.123% | $86.6M | $287.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004809 | −0.147% | $150.9M | $63.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004814 | −0.035% | $24.7M | $54.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004814 | −0.050% | $42.5M | $149.5M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000004816 | −0.004% | $585K | $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 | 0.000004806 | −0.204% | $28K | $344K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004824 | +0.156% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004812 | −0.085% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004815 | −0.031% | $545K | $3.5M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004820 | +0.072% | $7K | — | 15x | as long as short |
| Lighter 1000PEPE | +0.0200% | 1h | 0.000004817 | +0.019% | $636K | $6.3M | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0214% | 1h | 0.000004796 | −0.417% | $100K | $760K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0217% | 8h | 0.000004823 | +0.143% | $5K | $16 | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0217% | 8h | 0.000004817 | +0.019% | $41.8M | $498.7M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0235% | 8h | 0.000004818 | +0.029% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0240% | 1h | 0.000004818 | +0.039% | $552 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0339% | 8h | 0.000004819 | +0.060% | $3.9M | $22.4M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0355% / S −0.0394% | 1h | 0.000004000 | −16.945% | $43K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004818 | +0.039% | $578K | $25.7M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0431% | 8h | 0.000004815 | −0.025% | $30K | $12K | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004814 | −0.044% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0582% | 1h | 0.000004814 | −0.044% | $81K | $94K | 25x | as long as short |
| Backpack kPEPE_USDC_PERPlong | +0.0592% | 1h | 0.000004816 | long leg | $91K | $601K | 15x | |
| BingX 1000PEPE-USDT | +0.0673% | 8h | 0.000004816 | −0.006% | — | $256.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0696% | 1h | 0.000004812 | −0.075% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0696% | 1h | 0.000004820 | +0.081% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0696% | 8h | 0.000004816 | −0.002% | $132.2M | $1.05B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0699% | 8h | 0.000004810 | −0.118% | $96.0M | $279.1M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0702% | 8h | 0.000004817 | +0.016% | $1.5M | $7.3M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0832% | 1h | 0.000004822 | +0.122% | $185K | $845K | 10x | as long as short |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
Lighter 1000PEPE
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP