Funding you earn now, next payment 01:00 UTC+0.0508%/8h= +55.6% APRpaid last 24h +0.090%
Price spread now: Backpack against Variational Omni−0.717%7-day average +0.089% · 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)+0.151%+$15 on $10k
+Price spread, last 4 days (all we have)+0.720%+$72 · spread now −0.717%, 7d avg +0.089%
=Together, before fees+0.871%+ Points / potential airdropVariational Omni: Active · farm board+$87 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.806% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.717% now, against its 7-day average of +0.089%). If the spread goes back, that is −$81 on $10k: about 5.3 days of funding at the current rate (+$15 a day). At the pace of the last 3 days (+0.151% in total) that is about 18 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.151% in total (about 16.3% 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 | Variational Omni 1000PEPE | 0.000005052 | 0.0100 | pay 0.0100% / 8h | 7h 11m | $591K | $4.4M | — |
| Short | Backpack kPEPE_USDC_PERP | 0.000005015 | 0.0608 | get 0.0076% / 1h | 11m 52s | $95K | $601K | 15x |
Variational Omni 1000PEPE
Backpack kPEPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- $106.72
- Price spread: −0.717% → +0.089%
- −$80.63
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $16.09
- Costs to cover
- 0.100%
- Break-even
- 5.9 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Backpack: live order book, 62 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 Variational Omni RFQ quote, 2 min ago | 4.95 bp | doesn't fit | 20.8 bp −$208 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 62 min ago | 2.22 bp | 10.5 bp −$11 | 23.9 bp −$239 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0117% | 1h | 0.000005015 | −0.732% | $3.9M | $14.2M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005035 | −0.331% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005014 | −0.739% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005042 | −0.192% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005021 | −0.610% | $94.5M | $309.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005015 | −0.727% | $161.0M | $68.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005021 | −0.614% | $25.5M | $57.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005017 | −0.677% | $44.6M | $154.7M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000005052 | long leg | $591K | $4.4M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005071 | +0.384% | $53K | $381K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005023 | −0.561% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005017 | −0.687% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005016 | −0.711% | $564K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005011 | −0.812% | $2.4M | $6.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0149% | 1h | 0.000005015 | −0.727% | $61K | $114K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005016 | −0.712% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0195% | 8h | 0.000005025 | −0.529% | $44.6M | $542.7M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0209% | 1h | 0.000005072 | +0.402% | $105K | $750K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0263% | 8h | 0.000005038 | −0.266% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0273% | 8h | 0.000005018 | −0.663% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0316% | 8h | 0.000005035 | −0.331% | $4.1M | $24.2M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005020 | −0.628% | $511K | $27.8M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0465% | 8h | 0.000005022 | −0.594% | — | $2.3M | — | as long as short |
| Binance 1000PEPEUSDT | +0.0479% | 8h | 0.000005020 | −0.635% | $139.2M | $1.12B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005018 | −0.667% | $552K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000004977 | −1.479% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0483% | 8h | 0.000005018 | −0.667% | $98.8M | $290.7M | 300x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0491% / S −0.0453% | 1h | 0.000005000 | −1.024% | $59K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0532% | 8h | 0.000005018 | −0.677% | $1.4M | $7.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000005023 | −0.568% | $650K | $6.8M | 10x | as long as short |
| Nado kPEPE-PERP | +0.0560% | 1h | 0.000005017 | −0.684% | $188K | $864K | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0600% | 1h | 0.000005042 | −0.192% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERPshort | +0.0608% | 1h | 0.000005015 | −0.717% | $95K | $601K | 15x | |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005070 | +0.362% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPE | +0.1924% | 1h | 0.000005037 | −0.291% | $56.6M | $131.6M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Lighter 1000PEPE
Nado kPEPE-PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Hyperliquid kPEPE