Funding you earn now, next payment 04:00 UTC+0.1289%/8h= +141.1% APRpaid last 24h +0.137%
Price spread now: Hyperliquid against Variational Omni−0.311%7-day average +0.164% · 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)+0.437%+$44 on $10k
+Price spread, last 7 days+0.425%+$43 · spread now −0.311%, 7d avg +0.164%
=Together, before fees+0.862%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$86 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.475% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.311% now, against its 7-day average of +0.164%). If the spread goes back, that is −$48 on $10k: about 29 hours of funding at the current rate (+$39 a day). At the pace of the last 3 days (+0.437% in total) that is about 3.8 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.437% in total (about 46.0% 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 | 0.000005027 | 0.0100 | pay 0.0100% / 8h | 4h 49m | $675K | $4.7M | — |
| Short | Hyperliquid kPEPE | 0.000005011 | 0.1389 | get 0.0174% / 1h | 49m 12s | $53.7M | $139.9M | 10x |
Variational Omni 1000PEPE
Hyperliquid kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $270.68
- Price spread: −0.311% → +0.164%
- −$47.5
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $214.17
- Costs to cover
- 0.090%
- Break-even
- 1.5 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Hyperliquid: 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 | 4.95 bp | doesn't fit | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.99 bp | 8.1 bp −$8 | 12.9 bp −$129 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005011 | −0.309% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005000 | −0.534% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005017 | −0.191% | $64K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005001 | −0.510% | $97.5M | $344.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005001 | −0.510% | $165.5M | $75.5M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005006 | −0.406% | $25.9M | $63.7M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000005027 | long leg | $675K | $4.7M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005050 | +0.465% | $31K | $451K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005015 | −0.223% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005012 | −0.301% | $571K | $3.6M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0157% | 8h | 0.000005003 | −0.462% | $45.8M | $174.4M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005006 | −0.415% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | +0.346% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0328% | 8h | 0.000005010 | −0.323% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0359% | 8h | 0.000005007 | −0.390% | $44.9M | $590.0M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0424% | 1h | 0.000005007 | −0.390% | $2K | $12K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0480% | 8h | 0.000005004 | −0.450% | $4.3M | $25.0M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0549% | 1h | 0.000005008 | −0.370% | $71K | $124K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0634% | 8h | 0.000005004 | −0.448% | — | $261.6M | — | as long as short |
| Phemex u1000PEPEUSDT | +0.0649% | 8h | 0.000005007 | −0.398% | $2.4M | $7.1M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0668% | 8h | 0.000005004 | −0.444% | $92.7M | $286.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0668% | 8h | 0.000005005 | −0.420% | $140.8M | $1.22B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0672% | 1h | 0.000005007 | −0.395% | $533K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005012 | −0.291% | $142K | — | 3x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005018 | −0.171% | $951K | $31.6M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0676% / S −0.1055% | 1h | 0.000005000 | −0.530% | $50K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0760% | 8h | 0.000005011 | −0.303% | $1.8M | $9.2M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0771% | 1h | 0.000005004 | −0.446% | $95K | $642K | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0792% | 8h | 0.000005017 | −0.197% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERP | +0.0845% | 1h | 0.000005011 | −0.319% | $191K | $876K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0878% | 1h | 0.000005031 | +0.087% | $100K | $743K | 25x | as long as short |
| Lighter 1000PEPE | +0.0904% | 1h | 0.000005009 | −0.351% | $593K | $8.2M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0904% | 1h | 0.000005015 | −0.231% | $605 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1301% | 1h | 0.000005005 | −0.425% | $4.3M | $15.4M | 50x | as long as short |
| Hyperliquid kPEPEshort | +0.1389% | 1h | 0.000005011 | −0.311% | $53.7M | $139.9M | 10x |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Phemex u1000PEPEUSDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Paradex kPEPE-USD-PERP
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD