Funding you earn now, next payment 04:00 UTC−0.0644%/8h= −70.5% APRpaid last 24h −0.073%
Price spread now: Variational Omni against Extended+0.928%7-day average −0.050% · 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)−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)−0.928%−$93 · spread now +0.928%, 7d avg −0.050%
=Together, before fees−1.050%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$105 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.978% dearer against Extended than usual: you sell high and buy low (spread +0.928% now, against its 7-day average of −0.050%): +$98 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 3 days (−0.122% in total) that is about 28 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.122% in total (about -12.8% 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 | Extended 1000PEPE-USD | 0.000005152 | 0.0744 | pay 0.0093% / 1h | 23m 41s | $546K | $226K | 25x |
| Short | Variational Omni 1000PEPE | 0.000005200 | 0.0100 | get 0.0100% / 8h | 4h 23m | $761K | $4.8M | — |
Extended 1000PEPE-USD
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Extended. 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
- −$135.24
- Price spread: +0.928% → −0.050%
- $97.79
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$42.45
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 34 min ago; Variational Omni: RFQ quote, just now. 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 Extended live order book, 34 min ago | 2.98 bp | 7.4 bp −$7 | 42.8 bp −$428 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 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 | 0.000005139 | −0.246% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005151 | −0.020% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005149 | −0.053% | $66K | $144K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005142 | −0.181% | $99.9M | $357.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005140 | −0.228% | $167.5M | $81.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005150 | −0.040% | $26.1M | $65.2M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005200 | +0.928% | $761K | $4.8M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005216 | +1.253% | $42K | $463K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005165 | +0.251% | $1K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005156 | +0.090% | $586K | $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 | 0.000005153 | +0.015% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0203% | 8h | 0.000005151 | −0.016% | $47.6M | $179.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | +0.413% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0348% | 8h | 0.000005158 | +0.117% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0380% | 8h | 0.000005153 | +0.024% | $48.6M | $625.8M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0498% | 8h | 0.000005166 | +0.277% | $4.4M | $26.4M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0607% | 8h | 0.000005160 | +0.158% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005161 | +0.180% | $941K | $33.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0701% | 8h | 0.000005150 | −0.038% | — | $262.8M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0721% | 1h | 0.000005155 | +0.063% | $73K | $125K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0736% | 1h | 0.000005148 | −0.073% | $146K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0741% | 8h | 0.000005149 | −0.055% | $98.4M | $290.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0741% | 8h | 0.000005151 | −0.016% | $148.2M | $1.26B | 75x | as long as short |
| Extended 1000PEPE-USDlong | +0.0744% | 1h | 0.000005152 | long leg | $546K | $226K | 25x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0774% / S −0.1542% | 1h | 0.000005000 | −2.946% | $63K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0799% | 8h | 0.000005151 | −0.013% | $6K | — | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0804% | 1h | 0.000005160 | +0.160% | $2K | $10K | 10x | as long as short |
| Lighter 1000PEPE | +0.0840% | 1h | 0.000005149 | −0.053% | $592K | $8.3M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0845% | 8h | 0.000005153 | +0.028% | $1.9M | $9.6M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0845% | 1h | 0.000005209 | +1.111% | $104K | $744K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0889% | 1h | 0.000005158 | +0.117% | $190K | $898K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1144% | 1h | 0.000005165 | +0.257% | $623 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1164% | 1h | 0.000005164 | +0.238% | $98K | $665K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1263% | 1h | 0.000005159 | +0.135% | $4.6M | $15.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1594% | 1h | 0.000005157 | +0.102% | $55.6M | $141.9M | 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
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
SoDEX 1000PEPE-USD
Lighter 1000PEPE
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE