Funding you earn now, next payment 02:00 UTC+0.0809%/8h= +88.5% APRpaid last 24h +0.102%
Price spread now: Injective against Variational Omni+0.526%61s7-day average +0.673% · 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)+0.051%+$5 on $10k
+Price spread, last 3 days (all we have)−0.271%−$27 · spread now +0.526%, 7d avg +0.673%
=Together, before fees−0.220%+ Points / potential airdropVariational Omni: Active · farm board−$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.147% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.526% now, against its 7-day average of +0.673%). If the spread goes back, that is −$15 on $10k: about 15 hours of funding at the current rate (+$24 a day). At the pace of the last 3 days (+0.051% in total) that is about 9.8 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.051% in total (about 5.5% 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 | 0.000004998 | 0.0100 | pay 0.0100% / 8h | 6h 48m | $557K | $4.5M | — |
| Short | Injective PEPE/USDC PERP | 0.000005024 | 0.0909 | get 0.0114% / 1h | 48m 05s | $4K | $102K | 12x |
Variational Omni 1000PEPE
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $169.82
- Price spread: +0.526% → +0.673%
- −$14.73
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $155.07
- Costs to cover
- 0.000%
- Break-even
- 0.6 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Injective: live order book, 20 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 | 5.01 bp | doesn't fit | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Injective live order book, 20 min ago | 22.64 bp | 22.7 bp −$23 | doesn't fit | 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 | 0.000005023 | +0.498% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005008 | +0.214% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005027 | +0.586% | $62K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005037 | +0.794% | $97.1M | $319.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005029 | +0.626% | $159.9M | $69.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005037 | +0.786% | $25.3M | $59.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005042 | +0.888% | $44.7M | $158.3M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000004998 | long leg | $557K | $4.5M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004981 | −0.335% | $46K | $387K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004999 | +0.026% | $106K | $751K | 25x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005032 | +0.678% | $2K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005022 | +0.486% | $559K | $3.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005031 | +0.662% | $2.4M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005013 | +0.310% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0205% | 8h | 0.000005043 | +0.906% | $44.7M | $558.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0273% | 8h | 0.000005026 | +0.560% | $33K | $22K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0318% | 8h | 0.000005008 | +0.206% | $4.2M | $24.6M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0395% | 8h | 0.000005026 | +0.568% | $6K | $16 | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005015 | +0.346% | $660K | $28.7M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0447% | 8h | 0.000005036 | +0.768% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0479% | 8h | 0.000005040 | +0.852% | $96.0M | $287.9M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005025 | +0.551% | $552K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005027 | +0.586% | $142K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0481% | 8h | 0.000005043 | +0.904% | $139.8M | $1.16B | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0505% / S −0.0410% | 1h | 0.000005000 | +0.046% | $63K | — | 100x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0547% | 1h | 0.000005023 | +0.506% | $61K | $114K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0555% | 8h | 0.000005016 | +0.373% | $1.7M | $8.0M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0599% | 1h | 0.000005023 | +0.506% | $2K | $12K | 10x | as long as short |
| Nado kPEPE-PERP | +0.0610% | 1h | 0.000005015 | +0.351% | $177K | $883K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0829% | 1h | 0.000005024 | +0.519% | $3.9M | $14.4M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0850% | 1h | 0.000005036 | +0.772% | $101K | $624K | 15x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0909% | 1h | 0.000005024 | +0.526% | $4K | $102K | 12x | |
| 01 Exchange kPEPEUSD | +0.0936% | 1h | 0.000005034 | +0.726% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1168% | 1h | 0.000005033 | +0.706% | $647K | $6.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2584% | 1h | 0.000005053 | +1.106% | $55.8M | $134.8M | 10x | as long as short |
SunX 1000PEPE-USDT
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Deribit 1000PEPE_USDC-PERPETUAL
Aster 1000PEPEUSDT
SoDEX 1000PEPE-USD
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE