Funding you earn now, next payment 02:00 UTC+0.0630%/8h= +69.0% APRpaid last 24h +0.047%
Price spread now: Deribit against Variational Omni+0.224%7-day average +0.105% · 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)+0.073%+$7 on $10k
+Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.224%, 7d avg +0.105%
=Together, before fees+0.002%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Deribit is 0.118% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.105%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.073% in total (about 7.8% 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 01m | $681K | $4.6M | — |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005107 | 0.0730 | get 0.0091% / 1h | 1m 18s | $62K | $114K | 25x |
Variational Omni 1000PEPE
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $132.31
- Price spread: +0.224% → +0.105%
- $11.82
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $137.13
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: live order book, 33 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, 3 min ago | 4.91 bp | doesn't fit | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 33 min ago | 5.97 bp | 9.5 bp −$9 | doesn't fit | 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 | +0.034% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005098 | +0.043% | $18K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005106 | +0.204% | $62K | $127K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005099 | +0.069% | $99.7M | $326.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005097 | +0.027% | $163.7M | $72.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005099 | +0.067% | $25.6M | $61.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005111 | +0.306% | $47.7M | $167.2M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000005096 | long leg | $681K | $4.6M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005084 | −0.228% | $27K | $423K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005114 | +0.357% | $1K | $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 | 0.000005115 | +0.384% | $583K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005103 | +0.138% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0269% | 8h | 0.000005103 | +0.145% | $46.1M | $580.9M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0291% | 8h | 0.000005108 | +0.243% | $34K | $24K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000005119 | +0.459% | $932K | $30.8M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0496% | 8h | 0.000005106 | +0.196% | $2.4M | $7.0M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0520% | 8h | 0.000005103 | +0.151% | — | $2.3M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0533% / S −0.0566% | 1h | 0.000005000 | −1.876% | $57K | — | 100x | as long as short |
| MEXC PEPE_USDT | +0.0559% | 8h | 0.000005105 | +0.194% | $97.2M | $292.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0560% | 8h | 0.000005105 | +0.184% | $144.2M | $1.18B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0560% | 1h | 0.000005110 | +0.275% | $562K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0560% | 1h | 0.000005103 | +0.145% | $144K | — | 3x | as long as short |
| SoDEX 1000PEPE-USD | +0.0603% | 1h | 0.000005108 | +0.243% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0637% | 1h | 0.000005077 | −0.365% | $105K | $750K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0662% | 8h | 0.000005107 | +0.214% | $1.7M | $8.3M | 50x | as long as short |
| Nado kPEPE-PERP | +0.0665% | 1h | 0.000005101 | +0.113% | $193K | $881K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0681% | 8h | 0.000005100 | +0.091% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0730% | 1h | 0.000005107 | +0.224% | $62K | $114K | 25x | |
| Kraken Futures PF_PEPEUSD | +0.0815% | 1h | 0.000005107 | +0.230% | $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 | +0.0948% | 1h | 0.000005116 | +0.404% | $99K | $609K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0968% | 1h | 0.000005109 | +0.263% | $616 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.1832% | 1h | 0.000005114 | +0.361% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.2029% | 1h | 0.000005109 | +0.263% | $56.4M | $136.3M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDC
GMX PEPE/USD [ETH-USDC]
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Nado kPEPE-PERP
Paradex kPEPE-USD-PERP
Kraken Futures PF_PEPEUSD
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE