PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0699%/8h= +76.5% APRnext payment +$6.99 per $10,000 · paid last 24h +0.037%

Price spread now: MEXC against Variational Omni+0.316%7-day average +0.109% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.078%+$8 on $10k

Price spread, last 7 days−0.242%−$24 · spread now +0.316%, 7d avg +0.109%

Together, before fees−0.164%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and MEXC is 0.207% dearer against Variational Omni than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.109%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.078% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.99 per $10,000. 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	0.000005215	0.0100	pay 0.0100% / 8h	3h 23m	$677K	$5.2M	—
Short	MEXC PEPE_USDT	0.000005231	0.0799	get 0.0799% / 8h	3h 23m	$100.7M	$295.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee MEXCbpOrdersPrice spread, now +0.316%Rate

Funding earned: $146.79
Price spread: +0.316% → +0.109%: $20.69
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $167.48
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; MEXC: 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, just now	4.78 bp	doesn't fit	22.0 bp −$220	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.09 bp	1.0 bp −$1	12.2 bp −$122	45.8 bp −$4,576	78.6 bp −$39.3K

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	0.000005210	−0.088%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005229	+0.270%	$14K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+2.157%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005219	+0.086%	$66K	$162K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005240	+0.496%	$107.0M	$380.9M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005223	+0.162%	$172.5M	$88.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005235	+0.387%	$25.9M	$68.5M	75x	as long as short
Variational Omni 1000PEPElong	+0.0100%	8h	0.000005215	long leg	$677K	$5.2M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005260	+0.870%	$29K	$533K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005236	+0.414%	$1K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005238	+0.448%	$587K	$3.9M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005234	+0.364%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0300%	8h	0.000005244	+0.557%	$50.9M	$190.6M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0394%	8h	0.000005233	+0.352%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0433%	8h	0.000005244	+0.565%	$50.4M	$677.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0443%	8h	0.000005220	+0.110%	$6K	—	20x	as long as short
SoDEX 1000PEPE-USD	+0.0502%	1h	0.000005232	+0.335%	$2K	$10K	10x	as long as short
BloFin PEPE-USDT	+0.0563%	8h	0.000005234	+0.373%	$4.9M	$28.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0652%	8h	0.000005231	+0.308%	$2.5M	$7.6M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005233	+0.354%	$720K	$36.3M	50x	as long as short
BingX 1000PEPE-USDC	+0.0761%	8h	0.000005231	+0.306%	—	$2.3M	—	as long as short
MEXC PEPE_USDTshort	+0.0799%	8h	0.000005231	+0.316%	$100.7M	$295.8M	300x
Extended 1000PEPE-USD	+0.0800%	1h	0.000005230	+0.297%	$553K	$231K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005226	+0.220%	$148K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0801%	8h	0.000005236	+0.419%	$152.5M	$1.33B	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0843%	1h	0.000005254	+0.757%	$161K	$808K	25x	as long as short
Nado kPEPE-PERP	+0.0884%	1h	0.000005234	+0.382%	$188K	$916K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0898%	1h	0.000005233	+0.354%	$74K	$126K	25x	as long as short
Aster 1000PEPEUSDT	+0.0910%	8h	0.000005232	+0.331%	$1.8M	$10.3M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0959% / S −0.1916%	1h	0.000005000	−4.114%	$64K	—	100x	as long as short
01 Exchange kPEPEUSD	+0.0992%	1h	0.000005238	+0.450%	$632	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1161%	1h	0.000005233	+0.362%	$68K	$724K	15x	as long as short
Lighter 1000PEPE	+0.1232%	1h	0.000005233	+0.354%	$634K	$8.8M	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1561%	1h	0.000005229	+0.278%	$4.8M	$16.4M	50x	as long as short
Hyperliquid kPEPE	+0.1583%	1h	0.000005248	+0.642%	$57.1M	$145.7M	10x	as long as short