Funding you earn now, next payment 08:00 UTC−0.0619%/8h= −67.8% APRpaid last 24h −0.104%
Price spread now: Variational Omni against Deribit−0.183%7-day average −0.079% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.123%−$12 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.183%, 7d avg −0.079%
=Together, before fees−0.092%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Variational Omni is 0.104% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.079%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.123% in total (about -12.3% 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 | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005164 | 0.0719 | pay 0.0090% / 1h | 21m 53s | $74K | $127K | 25x |
| Short | Variational Omni 1000PEPE | 0.000005155 | 0.0100 | get 0.0100% / 8h | 21m 53s | $614K | $5.4M | — |
Deribit 1000PEPE_USDC-PERPETUAL
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Deribit. 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
- −$130.03
- Price spread: −0.183% → −0.079%
- −$10.39
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$147.42
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 47 min ago; Variational Omni: RFQ quote, 2 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 Deribit live order book, 47 min ago | 5.84 bp | 9.3 bp −$9 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 4.85 bp | doesn't fit | 20.4 bp −$204 | 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 | 0.000005160 | −0.077% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005157 | −0.139% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005168 | +0.077% | $60K | $183K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005168 | +0.077% | $99.6M | $429.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005166 | +0.039% | $164.0M | $99.3M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005155 | −0.183% | $614K | $5.4M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005163 | −0.016% | $28K | $546K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005168 | +0.083% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005160 | −0.087% | $601K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0120% | 8h | 0.000005173 | +0.176% | $26.9M | $74.0M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0132% | 1h | 0.000005165 | +0.019% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005161 | −0.062% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0259% | 8h | 0.000005170 | +0.116% | $46.4M | $219.9M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0306% | 1h | 0.000005162 | −0.039% | $150K | $835K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0364% | 8h | 0.000005171 | +0.136% | $47.8M | $749.7M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005153 | −0.213% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0413% | 8h | 0.000005165 | +0.014% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0459% | 8h | 0.000005160 | −0.083% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0476% | 8h | 0.000005162 | −0.045% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0483% | 8h | 0.000005195 | +0.600% | $4.6M | $30.6M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0515% | 1h | 0.000005163 | −0.023% | $79K | $889K | 15x | as long as short |
| Lighter 1000PEPE | +0.0520% | 1h | 0.000005167 | +0.058% | $620K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005172 | +0.155% | $689K | $39.9M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0700% | 8h | 0.000005160 | −0.087% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERP | +0.0700% | 1h | 0.000005160 | −0.087% | $166K | $958K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0711% | 1h | 0.000005160 | −0.075% | $4.8M | $16.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0712% | 1h | 0.000005161 | −0.058% | $623 | $2K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0719% | 1h | 0.000005164 | long leg | $74K | $127K | 25x | |
| Extended 1000PEPE-USD | +0.0720% | 1h | 0.000005171 | +0.137% | $542K | $284K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0722% | 8h | 0.000005171 | +0.139% | $101.4M | $307.9M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0723% | 8h | 0.000005173 | +0.173% | $1.8M | $11.9M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0724% | 8h | 0.000005171 | +0.130% | $142.4M | $1.50B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0728% | 1h | 0.000005170 | +0.116% | $146K | — | 3x | as long as short |
| Hyperliquid kPEPE | +0.0956% | 1h | 0.000005174 | +0.194% | $54.0M | $159.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1502% | 1h | 0.000005000 | −3.176% | $47K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
01 Exchange kPEPEUSD
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]