Funding you earn now, next payment 01:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.108%
Price spread now: Backpack against Variational Omni+0.016%49s7-day average +0.090% · 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)+0.154%+$15 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.016%, 7d avg +0.090%
=Together, before fees+0.254%+ Points / potential airdropVariational Omni: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.075% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.090%). If the spread goes back, that is −$7 on $10k: about 5.6 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.154% in total) that is about 39 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni 1000PEPE | 0.000004764 | 0.0100 | pay 0.0100% / 8h | 7h 58m | $552K | $4.2M | — |
| Short | Backpack kPEPE_USDC_PERP | 0.000004765 | 0.0144 | get 0.0018% / 1h | 58m 12s | $93K | $603K | 15x |
Variational Omni 1000PEPE
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack 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
- $9.28
- Price spread: +0.016% → +0.090%
- −$7.47
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$8.19
- Costs to cover
- 0.100%
- Break-even
- 13.2 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Backpack: live order book, 16 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, 1 min ago | 6.30 bp | doesn't fit | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 16 min ago | 2.22 bp | 10.5 bp −$11 | 23.9 bp −$239 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex u1000PEPEUSDT | −0.3205% | 8h | 0.000004782 | +0.377% | $2.3M | $6.5M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | −0.0122% | 1h | 0.000004790 | +0.549% | $3.9M | $13.9M | 50x | as long as short |
| Hyperliquid kPEPE | −0.0092% | 1h | 0.000004775 | +0.234% | $69.0M | $100.8M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004777 | +0.272% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004779 | +0.322% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004779 | +0.318% | $56K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004781 | +0.362% | $87.4M | $296.1M | 50x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004774 | +0.217% | $24.1M | $55.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004789 | +0.524% | $42.3M | $151.2M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000004764 | long leg | $552K | $4.2M | — |
Phemex u1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000004768 | +0.087% | $25K | $352K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004767 | +0.066% | $100K | $754K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004789 | +0.519% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004790 | +0.553% | $541K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0128% | 1h | 0.000004791 | +0.570% | $578K | $6.6M | 10x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.0144% | 1h | 0.000004765 | +0.016% | $93K | $603K | 15x | |
| Paradex kPEPE-USD-PERP | +0.0176% | 8h | 0.000004777 | +0.281% | $5K | $16 | 20x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004780 | +0.348% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0190% | 8h | 0.000004788 | +0.507% | $42.7M | $503.4M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0244% | 1h | 0.000004791 | +0.570% | $2K | $12K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0272% | 1h | 0.000004781 | +0.360% | $548 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0312% | 8h | 0.000004769 | +0.108% | $3.9M | $22.6M | 75x | as long as short |
| Nado kPEPE-PERP | +0.0312% | 1h | 0.000004781 | +0.360% | $181K | $849K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0338% | 8h | 0.000004781 | +0.370% | $29K | $13K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004783 | +0.402% | $556K | $25.7M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0401% / S −0.0442% | 1h | 0.000004000 | −16.034% | $43K | — | 100x | as long as short |
| Gate PEPE_USDT | +0.0465% | 8h | 0.000004775 | +0.234% | $151.0M | $64.4M | 75x | as long as short |
| BingX 1000PEPE-USDT | +0.0535% | 8h | 0.000004784 | +0.431% | — | $257.5M | — | as long as short |
| Aster 1000PEPEUSDT | +0.0542% | 8h | 0.000004784 | +0.420% | $1.5M | $7.3M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0544% | 1h | 0.000004788 | +0.499% | $526K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0544% | 8h | 0.000004788 | +0.500% | $134.8M | $1.08B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0549% | 8h | 0.000004790 | +0.547% | $91.0M | $279.5M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0552% | 1h | 0.000004775 | +0.234% | $135K | — | 3x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004746 | −0.375% | $4K | $102K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.1633% | 1h | 0.000004789 | +0.528% | $77K | $98K | 25x | as long as short |
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
HTX PEPE-USDT
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
01 Exchange kPEPEUSD
BloFin PEPE-USDT
Nado kPEPE-PERP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Gate PEPE_USDT
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUAL