Funding you earn now, next payment 08:00 UTC−0.0401%/8h= −43.9% APRnext payment −$4.01 per $10,000 · paid last 24h −0.037%
Price spread now: Variational Omni against Binance−1.267%7-day average −0.100% · 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)−0.078%−$8 on $10k
+Price spread, last 7 days+1.180%+$118 · spread now −1.267%, 7d avg −0.100%
=Together, before fees+1.102%+ Points / potential airdropVariational Omni: Active · farm board+$110 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Variational Omni is 1.167% cheaper against Binance than usual: you would sell low and buy high (−$117 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
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 −$4.01 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 | Binance 1000PEPEUSDT | 0.000004984 | 0.0501 | pay 0.0501% / 8h | 7h 31m | $140.1M | $1.09B | 75x |
| Short | Variational Omni 1000PEPE | 0.000004921 | 0.0100 | get 0.0100% / 8h | 7h 31m | $575K | $4.3M | — |
Binance 1000PEPEUSDT
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. 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
- −$84.25
- Price spread: −1.267% → −0.100%
- −$116.69
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$210.94
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 12 min ago; Variational Omni: RFQ quote, 2 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 Binance live order book, 12 min ago | 0.10 bp | 5.4 bp −$5 | 6.4 bp −$64 | 30.6 bp −$3,061 | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 5.08 bp | doesn't fit | 15.2 bp −$152 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0118% | 1h | 0.000004974 | −0.192% | $4.0M | $13.9M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004974 | −0.194% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004952 | −0.639% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004944 | −0.800% | $58K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004979 | −0.098% | $91.4M | $302.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004975 | −0.178% | $157.6M | $66.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004978 | −0.124% | $25.6M | $55.9M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004978 | −0.116% | $43.3M | $152.1M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000004921 | −1.267% | $575K | $4.3M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004925 | −1.186% | $26K | $353K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004964 | −0.400% | $1K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004970 | −0.278% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004971 | −0.262% | $561K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004980 | −0.087% | $2.4M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0183% | 8h | 0.000004980 | −0.077% | $43.7M | $528.7M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004947 | −0.747% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0203% | 8h | 0.000004947 | −0.738% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0293% | 8h | 0.000004957 | −0.547% | $30K | $13K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0306% | 8h | 0.000004937 | −0.940% | $4.0M | $23.4M | 75x | as long as short |
| Lighter 1000PEPE | +0.0368% | 1h | 0.000004980 | −0.077% | $584K | $6.7M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004966 | −0.358% | $598K | $26.9M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0412% | 1h | 0.000004952 | −0.649% | $193K | $851K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0455% | 1h | 0.000004932 | −1.041% | $102K | $754K | 25x | as long as short |
| Hyperliquid kPEPE | +0.0467% | 1h | 0.000004987 | +0.063% | $59.9M | $116.9M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0468% / S −0.0647% | 1h | 0.000004000 | −19.741% | $48K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0472% | 1h | 0.000004947 | −0.740% | $1K | $2K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0496% | 8h | 0.000004978 | −0.124% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDTlong | +0.0501% | 8h | 0.000004984 | long leg | $140.1M | $1.09B | 75x | |
| Extended 1000PEPE-USD | +0.0504% | 1h | 0.000004978 | −0.114% | $546K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0504% | 8h | 0.000004981 | −0.047% | $97.3M | $283.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0504% | 1h | 0.000004959 | −0.499% | $140K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0526% | 8h | 0.000004979 | −0.106% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0558% | 1h | 0.000004983 | −0.007% | $95K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004942 | −0.840% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0962% | 1h | 0.000004958 | −0.519% | $71K | $107K | 25x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL