Funding you earn now, next payment 08:00 UTC−0.0192%/8h= −21.0% APRnext payment −$1.92 per $10,000 · paid last 24h −0.001%
Price spread now: Variational Omni against Bitget+0.729%7-day average −0.087% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.046%−$5 on $10k
+Price spread, last 7 days−0.750%−$75 · spread now +0.729%, 7d avg −0.087%
=Together, before fees−0.796%+ Points / potential airdropVariational Omni: Active · farm board−$80 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.816% dearer against Bitget than usual: you sell high and buy low (spread +0.729% now, against its 7-day average of −0.087%): +$82 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 4 days (−0.046% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.046% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.92 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 | Bitget PEPEUSDT | 0.000005077 | 0.0292 | pay 0.0292% / 8h | 1h 34m | $45.5M | $215.4M | 75x |
| Short | Variational Omni 1000PEPE | 0.000005114 | 0.0100 | get 0.0100% / 8h | 1h 34m | $611K | $5.3M | — |
Bitget PEPEUSDT
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bitget. 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
- −$40.32
- Price spread: +0.729% → −0.087%
- $81.62
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $29.3
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 5 min ago; Variational Omni: RFQ quote, 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 Bitget live order book, 5 min ago | 1.36 bp | 9.4 bp −$9 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 4.87 bp | doesn't fit | 16.6 bp −$166 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005083 | +0.126% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005072 | −0.088% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005071 | −0.102% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005079 | +0.047% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005079 | +0.047% | $99.6M | $418.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005067 | −0.189% | $161.4M | $96.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005076 | −0.006% | $25.7M | $72.3M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005114 | +0.729% | $611K | $5.3M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005128 | +1.004% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005085 | +0.171% | $1K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
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 | 0.000005077 | +0.016% | $587K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0171% | 1h | 0.000005076 | −0.012% | $2K | $11K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0188% | 1h | 0.000005132 | +1.091% | $155K | $822K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005077 | +0.002% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDTlong | +0.0292% | 8h | 0.000005077 | long leg | $45.5M | $215.4M | 75x | |
| Backpack kPEPE_USDC_PERP | +0.0378% | 1h | 0.000005078 | +0.032% | $71K | $856K | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0387% | 8h | 0.000005081 | +0.081% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0411% | 8h | 0.000005081 | +0.087% | $47.1M | $721.0M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0460% | 1h | 0.000005076 | −0.014% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0500% | 8h | 0.000005070 | −0.134% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0535% | 8h | 0.000005078 | +0.028% | $4.5M | $29.2M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0538% | 1h | 0.000005079 | +0.047% | $72K | $127K | 25x | as long as short |
| Lighter 1000PEPE | +0.0568% | 1h | 0.000005082 | +0.106% | $606K | $9.0M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0583% | 8h | 0.000005081 | +0.093% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005079 | +0.047% | $687K | $38.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005080 | +0.067% | $613 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0734% | 8h | 0.000005074 | −0.051% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0765% | 8h | 0.000005078 | +0.026% | $140.0M | $1.46B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005077 | +0.009% | $538K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0768% | 8h | 0.000005080 | +0.069% | $96.9M | $304.1M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005079 | +0.047% | $144K | — | 3x | as long as short |
| Nado kPEPE-PERP | +0.0769% | 1h | 0.000005074 | −0.059% | $163K | $959K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0769% | 8h | 0.000005076 | −0.009% | $1.8M | $11.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0974% | 1h | 0.000005079 | +0.047% | $53.8M | $155.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2257% | 1h | 0.000005000 | −1.509% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
Backpack kPEPE_USDC_PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]