Funding you earn now, next payment 08:00 UTC−0.0423%/8h= −46.4% APRnext payment −$4.23 per $10,000 · paid last 24h −0.037%
Price spread now: Variational Omni against Binance+0.820%7-day average −0.100% · 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)−0.078%−$8 on $10k
+Price spread, last 7 days−0.908%−$91 · spread now +0.820%, 7d avg −0.100%
=Together, before fees−0.985%+ Points / potential airdropVariational Omni: Active · farm board−$99 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.920% dearer against Binance than usual: you sell high and buy low (spread +0.820% now, against its 7-day average of −0.100%): +$92 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 7.2 days. At the pace of the last 3 days (−0.078% in total) that is about 40 days.
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 -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.23 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 | 0.000005050 | 0.0523 | pay 0.0523% / 8h | 6h 21m | $142.3M | $1.17B | 75x |
| Short | Variational Omni 1000PEPE | 0.000005092 | 0.0100 | get 0.0100% / 8h | 6h 21m | $624K | $4.5M | — |
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
- −$88.9
- Price spread: +0.820% → −0.100%
- $91.96
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$6.95
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 8 min ago; Variational Omni: RFQ quote, 3 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, 8 min ago | 0.10 bp | 8.4 bp −$8 | 17.4 bp −$174 | 52.9 bp −$5,286 | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.95 bp | doesn't fit | 16.8 bp −$168 | doesn't fit | doesn't fit |
PEPE on 34 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 | 0.000005049 | −0.025% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005055 | +0.098% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005055 | +0.094% | $61K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005046 | −0.077% | $98.0M | $323.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005058 | +0.153% | $161.7M | $71.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005053 | +0.064% | $25.3M | $60.8M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005050 | −0.013% | $46.9M | $161.0M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005092 | +0.820% | $624K | $4.5M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005055 | +0.090% | $34K | $414K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005067 | +0.323% | $1K | $2.4M | 20x | 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
SunX 1000PEPE-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005065 | +0.288% | $568K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005062 | +0.242% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0233% | 8h | 0.000005050 | −0.005% | $45.1M | $567.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0279% | 8h | 0.000005057 | +0.127% | $33K | $23K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0296% | 1h | 0.000005053 | +0.054% | $106K | $746K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0344% | 1h | 0.000005057 | +0.133% | $61K | $114K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0362% | 8h | 0.000005059 | +0.171% | $2.4M | $7.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005059 | +0.173% | $727K | $29.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0497% | 8h | 0.000005047 | −0.063% | — | $259.0M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0514% / S −0.0540% | 1h | 0.000005000 | −0.995% | $56K | — | 100x | as long as short |
| Extended 1000PEPE-USD | +0.0520% | 1h | 0.000005056 | +0.111% | $557K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0520% | 1h | 0.000005058 | +0.153% | $143K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0523% | 8h | 0.000005048 | −0.037% | $94.6M | $290.9M | 300x | as long as short |
| Binance 1000PEPEUSDTlong | +0.0523% | 8h | 0.000005050 | long leg | $142.3M | $1.17B | 75x | |
| SoDEX 1000PEPE-USD | +0.0553% | 1h | 0.000005055 | +0.094% | $2K | $12K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0569% | 8h | 0.000005052 | +0.041% | $6K | $16 | 20x | as long as short |
| Aster 1000PEPEUSDT | +0.0621% | 8h | 0.000005062 | +0.225% | $1.7M | $8.2M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0639% | 1h | 0.000005064 | +0.275% | $182K | $881K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0824% | 1h | 0.000005053 | +0.055% | $4.0M | $14.5M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005098 | +0.945% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0931% | 1h | 0.000005050 | +0.003% | $100K | $617K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0960% | 1h | 0.000005064 | +0.272% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1592% | 1h | 0.000005062 | +0.232% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2185% | 1h | 0.000005070 | +0.391% | $55.8M | $135.9M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE