Funding you earn now, next payment 01:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.050%
Price spread now: Coinbase International against Variational Omni+0.145%7-day average +0.117% · 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)+0.108%+$11 on $10k
+Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.145%, 7d avg +0.117%
=Together, before fees+0.007%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.029% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.117%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.108% in total (about 11.6% 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 | 0.000005096 | 0.0100 | pay 0.0100% / 8h | 6h 04m | $681K | $4.6M | — |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000005103 | 0.0424 | get 0.0053% / 1h | 4m 24s | $922K | $30.7M | 50x |
Variational Omni 1000PEPE
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $68.04
- Price spread: +0.145% → +0.117%
- $2.85
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $60.89
- Costs to cover
- 0.100%
- Break-even
- 0.7 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Coinbase International: live order book, 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 Variational Omni RFQ quote, 5 min ago | 4.93 bp | doesn't fit | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 4.91 bp | 11.2 bp −$11 | 21.5 bp −$215 | doesn't fit | doesn't fit |
PEPE on 34 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 | 0.000005097 | +0.029% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005093 | −0.053% | $18K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005102 | +0.125% | $62K | $127K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005099 | +0.072% | $99.4M | $326.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005095 | −0.012% | $163.7M | $72.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005103 | +0.151% | $25.6M | $61.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005104 | +0.173% | $47.6M | $166.8M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000005096 | long leg | $681K | $4.6M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005115 | +0.381% | $27K | $422K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005106 | +0.200% | $2K | $2.4M | 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 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005099 | +0.065% | $581K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005103 | +0.150% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0265% | 8h | 0.000005104 | +0.165% | $46.0M | $580.4M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0293% | 8h | 0.000005102 | +0.131% | $33K | $24K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0424% | 1h | 0.000005103 | +0.145% | $922K | $30.7M | 50x | |
| Phemex u1000PEPEUSDT | +0.0458% | 8h | 0.000005098 | +0.049% | $2.4M | $7.0M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0520% | 8h | 0.000005098 | +0.057% | — | $259.6M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0530% / S −0.0562% | 1h | 0.000005000 | −1.876% | $57K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0557% | 8h | 0.000005108 | +0.237% | $97.3M | $292.6M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0558% | 8h | 0.000005106 | +0.204% | $144.2M | $1.18B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0560% | 1h | 0.000005104 | +0.158% | $559K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0560% | 1h | 0.000005101 | +0.106% | $144K | — | 3x | as long as short |
| SoDEX 1000PEPE-USD | +0.0613% | 1h | 0.000005100 | +0.086% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0615% | 1h | 0.000005115 | +0.381% | $106K | $749K | 25x | as long as short |
| Nado kPEPE-PERP | +0.0651% | 1h | 0.000005108 | +0.248% | $193K | $882K | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0659% | 8h | 0.000005102 | +0.118% | $1.7M | $8.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0666% | 8h | 0.000005100 | +0.095% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0731% | 1h | 0.000005100 | +0.086% | $62K | $114K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0817% | 1h | 0.000005096 | +0.014% | $4.1M | $14.6M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000005109 | +0.263% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0957% | 1h | 0.000005096 | −0.002% | $98K | $609K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005108 | +0.243% | $616 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1808% | 1h | 0.000005113 | +0.341% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2041% | 1h | 0.000005111 | +0.302% | $56.5M | $136.2M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Nado kPEPE-PERP
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE