Funding you earn now, next payment 21:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.047%
Price spread now: Coinbase International against Variational Omni+0.223%7-day average +0.105% · 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)+0.098%+$10 on $10k
+Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.223%, 7d avg +0.105%
=Together, before fees+0.033%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.119% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.105%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.098% in total (about 11.0% 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 | Variational Omni 1000PEPE | 0.000004797 | 0.0100 | pay 0.0100% / 8h | 2h 04m | $551K | $3.9M | — |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000004808 | 0.0464 | get 0.0058% / 1h | 4m 21s | $575K | $25.1M | 50x |
Variational Omni 1000PEPE
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $76.44
- Price spread: +0.223% → +0.105%
- $11.87
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $78.31
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago | 5.18 bp | doesn't fit | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 5.20 bp | 10.2 bp −$10 | 13.3 bp −$133 | 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 | 0.000004800 | +0.052% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004807 | +0.203% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004815 | +0.369% | $58.7M | $73.1M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004807 | +0.203% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004815 | +0.369% | $87.5M | $275.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004812 | +0.307% | $150.4M | $62.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004809 | +0.238% | $24.9M | $53.3M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000004797 | long leg | $551K | $3.9M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004830 | +0.676% | $27K | $340K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004821 | +0.494% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004820 | +0.465% | $555K | $3.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0182% | 8h | 0.000004814 | +0.342% | $42.5M | $150.9M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0185% | 8h | 0.000004820 | +0.474% | $41.4M | $486.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004817 | +0.405% | $7K | — | 15x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0215% / S −0.0088% | 1h | 0.000004000 | −16.619% | $54K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0302% | 8h | 0.000004800 | +0.057% | $3.9M | $21.8M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0423% | 8h | 0.000004814 | +0.340% | $29K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0464% | 1h | 0.000004808 | +0.223% | $575K | $25.1M | 50x | |
| Phemex u1000PEPEUSDT | +0.0511% | 8h | 0.000004814 | +0.351% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0533% | 8h | 0.000004810 | +0.267% | $5K | $16 | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004813 | +0.328% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0721% | 1h | 0.000004802 | +0.105% | $92K | $624K | 15x | as long as short |
| Lighter 1000PEPE | +0.0736% | 1h | 0.000004816 | +0.390% | $572K | $5.3M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0744% | 1h | 0.000004813 | +0.328% | $188K | $848K | 10x | as long as short |
| SoDEX 1000PEPE-USD | +0.0751% | 1h | 0.000004813 | +0.328% | $2K | $9K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0751% | 1h | 0.000004804 | +0.140% | $102K | $763K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0761% | 1h | 0.000004810 | +0.268% | $3.9M | $13.1M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0790% | 1h | 0.000004812 | +0.307% | $81K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDC | +0.0827% | 8h | 0.000004802 | +0.098% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0872% | 1h | 0.000004812 | +0.317% | $529K | $147K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0872% | 8h | 0.000004820 | +0.474% | $91.6M | $292.7M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0872% | 1h | 0.000004818 | +0.432% | $136K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0875% | 8h | 0.000004822 | +0.507% | $128.5M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0900% | 8h | 0.000004815 | +0.376% | $1.5M | $6.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.1176% | 1h | 0.000004820 | +0.474% | $552 | $2K | 10x | as long as short |
HTX PEPE-USDT
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Nado kPEPE-PERP
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
01 Exchange kPEPEUSD