Funding you earn now, next payment 04:00 UTC−0.1327%/8h= −145.3% APRpaid last 24h −0.137%
Price spread now: Variational Omni against Hyperliquid−0.424%7-day average −0.164% · 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)−0.437%−$44 on $10k
+Price spread, last 7 days+0.309%+$31 · spread now −0.424%, 7d avg −0.164%
=Together, before fees−0.128%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Variational Omni is 0.260% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.164%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.437% in total (about -46.0% 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 | Hyperliquid kPEPE | 0.000005055 | 0.1427 | pay 0.0178% / 1h | 45m 13s | $54.1M | $140.1M | 10x |
| Short | Variational Omni 1000PEPE | 0.000005034 | 0.0100 | get 0.0100% / 8h | 4h 45m | $675K | $4.7M | — |
Hyperliquid kPEPE
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Hyperliquid. 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
- −$278.57
- Price spread: −0.424% → −0.164%
- −$25.97
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$313.53
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 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 Hyperliquid live order book, 9 min ago | 0.99 bp | 6.0 bp −$6 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 5.00 bp | doesn't fit | 23.0 bp −$230 | 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 | 0.000005032 | −0.464% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005042 | −0.253% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005042 | −0.257% | $64K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005050 | −0.101% | $99.0M | $345.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005048 | −0.138% | $166.6M | $75.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005049 | −0.125% | $26.1M | $63.7M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005034 | −0.424% | $675K | $4.7M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005021 | −0.679% | $31K | $452K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005051 | −0.077% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005051 | −0.069% | $575K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0164% | 8h | 0.000005051 | −0.073% | $46.2M | $174.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005050 | −0.103% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | −0.218% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0332% | 8h | 0.000005053 | −0.030% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0362% | 8h | 0.000005055 | 0.000% | $45.3M | $596.9M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0480% | 8h | 0.000005048 | −0.138% | $4.4M | $25.3M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0565% | 1h | 0.000005051 | −0.079% | $2K | $12K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0635% | 8h | 0.000005039 | −0.322% | — | $2.3M | — | as long as short |
| Phemex u1000PEPEUSDT | +0.0637% | 8h | 0.000005052 | −0.059% | $2.4M | $7.1M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0663% | 1h | 0.000005021 | −0.673% | $100K | $742K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0665% / S −0.0915% | 1h | 0.000005000 | −1.088% | $45K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0671% | 8h | 0.000005050 | −0.091% | $92.6M | $287.1M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005050 | −0.099% | $143K | — | 3x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005046 | −0.178% | $970K | $31.8M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0676% | 8h | 0.000005055 | −0.004% | $142.4M | $1.22B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0680% | 1h | 0.000005049 | −0.120% | $532K | $226K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000005052 | −0.053% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0789% | 8h | 0.000005041 | −0.284% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0801% | 1h | 0.000005038 | −0.326% | $98K | $644K | 15x | as long as short |
| Nado kPEPE-PERP | +0.0815% | 1h | 0.000005050 | −0.091% | $191K | $877K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0920% | 1h | 0.000005059 | +0.079% | $610 | $3K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0940% | 1h | 0.000005050 | −0.099% | $71K | $124K | 25x | as long as short |
| Lighter 1000PEPE | +0.0952% | 1h | 0.000005053 | −0.040% | $578K | $8.2M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1290% | 1h | 0.000005048 | −0.135% | $4.4M | $15.4M | 50x | as long as short |
| Hyperliquid kPEPElong | +0.1427% | 1h | 0.000005055 | long leg | $54.1M | $140.1M | 10x |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDC
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Coinbase International 1000PEPE-PERP-INTX
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD