PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0475%/8h= −52.0% APRnext payment −$4.75 per $10,000 · paid last 24h −0.045%

Price spread now: Variational Omni against BingX+0.675%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.675% dearer against BingX than usual: you sell high and buy low (spread +0.675% now, against zero (this spread has no 7-day history yet)): +$68 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000PEPE-USDC	0.000005008	0.0575	pay 0.0575% / 8h	5h 33m	—	$2.3M	—
Short	Variational Omni 1000PEPE	0.000005042	0.0100	get 0.0100% / 8h	5h 33m	$681K	$4.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee Variational OmnibpOrdersPrice spread, now +0.675%Rate

Funding earned: −$99.75
Price spread: +0.675% → 0.000%: $67.53
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.22
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 15 min ago; Variational Omni: RFQ quote, 1 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 BingX live order book, 15 min ago	1.00 bp	11.0 bp −$11	21.1 bp −$211	95.3 bp −$9,533	289.8 bp −$144.9K
Sell Variational Omni RFQ quote, 1 min ago	5.02 bp	doesn't fit	21.1 bp −$211	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	0.000004972	−0.722%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005001	−0.138%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004980	−0.553%	$63K	$136K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005010	+0.052%	$97.7M	$336.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005009	+0.026%	$164.6M	$74.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005013	+0.104%	$25.4M	$62.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005013	+0.100%	$46.1M	$172.2M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	0.000005042	+0.675%	$681K	$4.7M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005060	+1.054%	$36K	$434K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005014	+0.128%	$1K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000004972	−0.709%	$568K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005003	−0.101%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0317%	8h	0.000005013	+0.106%	$45.1M	$583.5M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0317%	8h	0.000005010	+0.036%	$33K	$24K	20x	as long as short
BloFin PEPE-USDT	+0.0436%	8h	0.000005015	+0.146%	$4.3M	$25.1M	75x	as long as short
BingX 1000PEPE-USDClong	+0.0575%	8h	0.000005008	long leg	—	$2.3M	—
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005011	+0.066%	$908K	$31.2M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0583% / S −0.0908%	1h	0.000005000	−0.154%	$49K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0585%	1h	0.000005016	+0.166%	$2K	$12K	10x	as long as short
Extended 1000PEPE-USD	+0.0608%	1h	0.000005015	+0.138%	$530K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0608%	1h	0.000004997	−0.214%	$141K	—	3x	as long as short
MEXC PEPE_USDT	+0.0611%	8h	0.000005010	+0.056%	$94.7M	$288.9M	300x	as long as short
Binance 1000PEPEUSDT	+0.0611%	8h	0.000005013	+0.111%	$140.7M	$1.20B	75x	as long as short
Aster 1000PEPEUSDT	+0.0694%	8h	0.000005004	−0.064%	$1.8M	$9.1M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0766%	8h	0.000004980	−0.559%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0860%	1h	0.000005059	+1.024%	$99K	$752K	25x	as long as short
Phemex u1000PEPEUSDT	+0.0880%	8h	0.000005015	+0.150%	$2.3M	$7.0M	50x	as long as short
Nado kPEPE-PERP	+0.0915%	1h	0.000005002	−0.104%	$181K	$869K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0936%	1h	0.000005018	+0.208%	$95K	$624K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0949%	1h	0.000005011	+0.066%	$61K	$114K	25x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+1.943%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0976%	1h	0.000004993	−0.294%	$602	$3K	10x	as long as short
Lighter 1000PEPE	+0.1312%	1h	0.000005017	+0.186%	$697K	$8.0M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1388%	1h	0.000005015	+0.137%	$4.2M	$15.1M	50x	as long as short
Hyperliquid kPEPE	+0.1743%	1h	0.000005009	+0.026%	$53.5M	$139.2M	10x	as long as short