PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.027%

Price spread now: Variational Omni against gTrade (Gains Network)+0.054%51s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.054% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PEPE/USD	0.000005160	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	14m 30s	$15K	—	150x
Short	Variational Omni 1000PEPE	0.000005163	0.0100	get 0.0100% / 8h	4h 14m	$807K	$4.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Variational OmnibpOrdersPrice spread, now +0.054%Rate

Funding earned: $19.81
Price spread: +0.054% → 0.000%: $5.42
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $15.23
Costs to cover: 0.100%
Break-even: 1.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	4.85 bp	doesn't fit	22.3 bp −$223	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.000005155	−0.101%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDlong	L +0.0006% / S −0.0006%	1h	0.000005160	long leg	$15K	—	150x
Pacifica kPEPE	+0.0100%	1h	0.000005166	+0.120%	$66K	$146K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005153	−0.130%	$99.5M	$359.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005159	−0.016%	$168.1M	$82.3M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005165	+0.091%	$26.3M	$65.5M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	0.000005163	+0.054%	$807K	$4.8M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005166	+0.123%	$28K	$480K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005177	+0.331%	$2K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005172	+0.233%	$600K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005153	−0.140%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0214%	8h	0.000005153	−0.122%	$47.6M	$180.3M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	+0.256%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0357%	8h	0.000005169	+0.178%	$34K	$24K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0395%	8h	0.000005156	−0.074%	$48.3M	$630.5M	50x	as long as short
BloFin PEPE-USDT	+0.0512%	8h	0.000005167	+0.140%	$4.6M	$26.7M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0585%	8h	0.000005171	+0.215%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005170	+0.198%	$974K	$34.2M	50x	as long as short
BingX 1000PEPE-USDT	+0.0711%	8h	0.000005160	+0.010%	—	$263.0M	—	as long as short
SoDEX 1000PEPE-USD	+0.0743%	1h	0.000005172	+0.236%	$2K	$10K	10x	as long as short
Aevo 1000PEPE-PERP	+0.0744%	1h	0.000005175	+0.295%	$146K	—	3x	as long as short
MEXC PEPE_USDT	+0.0750%	8h	0.000005165	+0.101%	$99.3M	$292.0M	300x	as long as short
Extended 1000PEPE-USD	+0.0752%	1h	0.000005161	+0.015%	$547K	$226K	25x	as long as short
Binance 1000PEPEUSDT	+0.0754%	8h	0.000005159	−0.014%	$146.9M	$1.26B	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0798%	8h	0.000005161	+0.030%	$6K	—	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0801% / S −0.1610%	1h	0.000005000	−3.097%	$63K	—	100x	as long as short
Lighter 1000PEPE	+0.0816%	1h	0.000005165	+0.101%	$613K	$8.3M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0824%	1h	0.000005166	+0.120%	$101K	$744K	25x	as long as short
Aster 1000PEPEUSDT	+0.0861%	8h	0.000005171	+0.219%	$1.8M	$9.6M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0912%	1h	0.000005169	+0.178%	$73K	$125K	25x	as long as short
Nado kPEPE-PERP	+0.0941%	1h	0.000005156	−0.083%	$185K	$903K	10x	as long as short
01 Exchange kPEPEUSD	+0.1104%	1h	0.000005169	+0.178%	$623	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1147%	1h	0.000005167	+0.132%	$64K	$685K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1260%	1h	0.000005171	+0.214%	$4.7M	$16.0M	50x	as long as short
Hyperliquid kPEPE	+0.1569%	1h	0.000005158	−0.035%	$55.7M	$142.2M	10x	as long as short