Funding you earn now, next payment 08:00 UTC−0.0341%/8h= −37.4% APRnext payment −$3.41 per $10,000 · paid last 24h −0.041%
Price spread now: Variational Omni against Paradex−0.075%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Variational Omni is 0.075% cheaper against Paradex than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex kPEPE-USD-PERP | 0.000005018 | 0.0441 | pay 0.0441% / 8h | 6h 42m | $6K | $16 | 20x |
| Short | Variational Omni 1000PEPE | 0.000005015 | 0.0100 | get 0.0100% / 8h | 6h 42m | $559K | $4.5M | — |
Paradex kPEPE-USD-PERP
Variational Omni 1000PEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Paradex. 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
- −$71.71
- Price spread: −0.075% → 0.000%
- −$7.51
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$83.22
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 2 min ago | 4.96 bp | doesn't fit | 22.8 bp −$228 | doesn't fit | doesn't fit |
Paradex: 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 | 0.000005009 | −0.185% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005009 | −0.193% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005017 | −0.030% | $62K | $125K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005009 | −0.197% | $96.8M | $320.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005015 | −0.070% | $159.5M | $69.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005019 | +0.012% | $25.1M | $59.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005015 | −0.074% | $44.5M | $158.7M | 75x | as long as short |
| Variational Omni 1000PEPEshort | +0.0100% | 8h | 0.000005015 | −0.075% | $559K | $4.5M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005028 | +0.188% | $46K | $388K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005042 | +0.460% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005028 | +0.195% | $565K | $3.6M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005034 | +0.301% | $2.4M | $6.8M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0158% | 1h | 0.000005031 | +0.249% | $107K | $752K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005019 | +0.007% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0211% | 8h | 0.000005016 | −0.050% | $44.3M | $557.3M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0275% | 8h | 0.000005018 | −0.004% | $33K | $23K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0318% | 8h | 0.000005008 | −0.209% | $4.2M | $24.6M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0347% | 1h | 0.000005030 | +0.229% | $61K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005038 | +0.389% | $660K | $28.9M | 50x | as long as short |
| Paradex kPEPE-USD-PERPlong | +0.0441% | 8h | 0.000005018 | long leg | $6K | $16 | 20x | |
| BingX 1000PEPE-USDC | +0.0457% | 8h | 0.000005013 | −0.109% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000005019 | +0.010% | $142K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0492% | 8h | 0.000005018 | −0.002% | $95.0M | $288.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0492% | 8h | 0.000005016 | −0.052% | $140.2M | $1.16B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0496% | 1h | 0.000005018 | −0.018% | $552K | $199K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0506% / S −0.0383% | 1h | 0.000005000 | −0.368% | $65K | — | 100x | as long as short |
| SoDEX 1000PEPE-USD | +0.0566% | 1h | 0.000005034 | +0.309% | $2K | $12K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0577% | 8h | 0.000005015 | −0.070% | $1.7M | $8.0M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0645% | 1h | 0.000005022 | +0.076% | $178K | $884K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0828% | 1h | 0.000005032 | +0.268% | $3.9M | $14.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005053 | +0.688% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0921% | 1h | 0.000005027 | +0.168% | $101K | $625K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005029 | +0.209% | $1K | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.1288% | 1h | 0.000005023 | +0.090% | $655K | $6.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2459% | 1h | 0.000005027 | +0.170% | $55.6M | $135.1M | 10x | as long as short |
HTX PEPE-USDT
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
SoDEX 1000PEPE-USD
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE