Funding you earn now, next payment 03:00 UTC−0.0572%/8h= −62.6% APRpaid last 24h −0.065%
Price spread now: Variational Omni against Coinbase International+0.903%7-day average −0.119% · 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)−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)−1.061%−$106 · spread now +0.903%, 7d avg −0.119%
=Together, before fees−1.185%+ Points / potential airdropVariational Omni: Active · farm board−$119 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 1.022% dearer against Coinbase International than usual: you sell high and buy low (spread +0.903% now, against its 7-day average of −0.119%): +$102 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 3 days (−0.124% in total) that is about 29 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.124% in total (about -13.0% 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000005153 | 0.0672 | pay 0.0084% / 1h | 21m 35s | $950K | $33.9M | 50x |
| Short | Variational Omni 1000PEPE | 0.000005200 | 0.0100 | get 0.0100% / 8h | 4h 21m | $761K | $4.8M | — |
Coinbase International 1000PEPE-PERP-INTX
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- −$120.12
- Price spread: +0.903% → −0.119%
- $102.16
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$27.96
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago | 2.91 bp | 8.8 bp −$9 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.86 bp | doesn't fit | 30.1 bp −$301 | 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 | 0.000005131 | −0.436% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005128 | −0.491% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005136 | −0.330% | $65K | $144K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005123 | −0.580% | $99.4M | $358.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005131 | −0.427% | $167.1M | $81.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005137 | −0.312% | $26.1M | $65.2M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005200 | +0.903% | $761K | $4.8M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005152 | −0.024% | $42K | $463K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005141 | −0.227% | $1K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005138 | −0.299% | $583K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005132 | −0.415% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0205% | 8h | 0.000005133 | −0.388% | $47.4M | $179.7M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | +0.388% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0351% | 8h | 0.000005139 | −0.281% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0382% | 8h | 0.000005131 | −0.427% | $48.3M | $624.7M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0500% | 8h | 0.000005139 | −0.272% | $4.4M | $26.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0615% | 8h | 0.000005132 | −0.402% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0672% | 1h | 0.000005153 | long leg | $950K | $33.9M | 50x | |
| BingX 1000PEPE-USDC | +0.0697% | 8h | 0.000005128 | −0.493% | — | $2.3M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0724% | 1h | 0.000005136 | −0.330% | $73K | $125K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0742% | 8h | 0.000005137 | −0.312% | $98.3M | $291.1M | 300x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0742% | 1h | 0.000005185 | +0.621% | $103K | $744K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0744% | 8h | 0.000005125 | −0.535% | $146.5M | $1.26B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005120 | −0.639% | $544K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0744% | 1h | 0.000005128 | −0.485% | $145K | — | 3x | as long as short |
| SoDEX 1000PEPE-USD | +0.0773% | 1h | 0.000005138 | −0.291% | $2K | $10K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0780% / S −0.1558% | 1h | 0.000005000 | −2.969% | $62K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0796% | 8h | 0.000005130 | −0.439% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0840% | 1h | 0.000005137 | −0.310% | $590K | $8.3M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0844% | 8h | 0.000005138 | −0.288% | $1.8M | $9.6M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0923% | 1h | 0.000005128 | −0.483% | $188K | $899K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1120% | 1h | 0.000005133 | −0.388% | $619 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1162% | 1h | 0.000005130 | −0.437% | $94K | $666K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1268% | 1h | 0.000005138 | −0.292% | $4.6M | $15.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1585% | 1h | 0.000005144 | −0.175% | $55.5M | $142.0M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
Deribit 1000PEPE_USDC-PERPETUAL
MEXC PEPE_USDT
ApeX Omni 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
SoDEX 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Aster 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE