PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0101%/8h= −11.1% APRnext payment −$1.01 per $10,000 · paid last 24h −0.015%

Price spread now: Variational Omni against OKX+0.273%7-day average −0.051% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days−0.312%−$31 · spread now +0.273%, 7d avg −0.051%

Together, before fees−0.342%+ Points / potential airdropVariational Omni: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.324% dearer against OKX than usual: you sell high and buy low (spread +0.273% now, against its 7-day average of −0.051%): +$32 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 3 days (−0.030% in total) that is about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEPE-USDT-SWAP	0.000004740	0.0201	pay 0.0201% / 8h	22m 18s	$41.1M	$493.8M	50x
Short	Variational Omni 1000PEPE	0.000004753	0.0100	get 0.0100% / 8h	22m 18s	$536K	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.273%Rate

Funding earned: −$21.25
Price spread: +0.273% → −0.051%: $32.43
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.19
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	1.05 bp	6.1 bp −$6	10.7 bp −$107	36.1 bp −$3,609	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	5.28 bp	doesn't fit	15.8 bp −$158	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
Hyperliquid kPEPE	−0.0202%	1h	0.000004732	−0.169%	$66.7M	$93.7M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004733	−0.141%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004734	−0.131%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0067%	1h	0.000004752	+0.261%	$3.8M	$13.7M	50x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004735	−0.105%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004738	−0.042%	$86.0M	$291.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004736	−0.084%	$149.0M	$64.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004739	−0.019%	$24.2M	$54.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004738	−0.038%	$41.9M	$150.4M	75x	as long as short
Variational Omni 1000PEPEshort	+0.0100%	8h	0.000004753	+0.273%	$536K	$4.1M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004750	+0.202%	$25K	$349K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004745	+0.105%	$99K	$754K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004754	+0.291%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004752	+0.253%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004750	+0.213%	$534K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0112%	1h	0.000004740	0.000%	$585K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0178%	8h	0.000004736	−0.080%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0184%	8h	0.000004758	+0.376%	$2.3M	$6.5M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004737	−0.054%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAPlong	+0.0201%	8h	0.000004740	long leg	$41.1M	$493.8M	50x
01 Exchange kPEPEUSD	+0.0272%	1h	0.000004740	0.000%	$543	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0322%	8h	0.000004749	+0.190%	$3.9M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0378%	8h	0.000004738	−0.051%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0383% / S −0.0439%	1h	0.000004000	−15.612%	$42K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004745	+0.105%	$560K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004755	+0.316%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0573%	1h	0.000004754	+0.297%	$90K	$602K	15x	as long as short
BingX 1000PEPE-USDT	+0.0582%	8h	0.000004737	−0.059%	—	$257.0M	—	as long as short
Aster 1000PEPEUSDT	+0.0593%	8h	0.000004739	−0.015%	$1.5M	$7.3M	50x	as long as short
Binance 1000PEPEUSDT	+0.0598%	8h	0.000004737	−0.061%	$130.5M	$1.06B	75x	as long as short
MEXC PEPE_USDT	+0.0599%	8h	0.000004739	−0.017%	$88.3M	$281.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0600%	1h	0.000004739	−0.029%	$521K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0608%	1h	0.000004739	−0.021%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0653%	1h	0.000004741	+0.014%	$181K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0806%	1h	0.000004741	+0.021%	$76K	$98K	25x	as long as short