PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0248%/8h= +27.2% APRnext payment +$2.48 per $10,000 · paid last 24h +0.015%

Price spread now: Orderly against Variational Omni−0.803%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.803% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.803% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$80 on $10k: about 11 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000PEPE	0.000005200	0.0100	pay 0.0100% / 8h	4h 24m	$761K	$4.8M	—
Short	Orderly PERP_1000PEPE_USDC	0.000005158	0.0348	get 0.0348% / 8h	4h 24m	$34K	$24K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.803%Rate

Funding earned: $52.16
Price spread: −0.803% → 0.000%: −$80.27
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.11
Costs to cover: 0.060%
Break-even: 11.6 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Orderly: no order-book sample. 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	4.79 bp	doesn't fit	27.8 bp −$278	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.000005152	−0.923%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005151	−0.939%	$15K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005159	−0.780%	$66K	$144K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005151	−0.939%	$100.1M	$357.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005153	−0.895%	$168.0M	$80.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005157	−0.816%	$26.1M	$65.1M	75x	as long as short
Variational Omni 1000PEPElong	+0.0100%	8h	0.000005200	long leg	$761K	$4.8M	—
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005216	+0.322%	$42K	$463K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005165	−0.670%	$1K	$2.5M	20x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005156	−0.830%	$586K	$3.7M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005153	−0.904%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0202%	8h	0.000005158	−0.808%	$47.6M	$179.1M	75x	as long as short
Injective PEPE/USDC PERP	+0.0254%	1h	0.000005173	−0.510%	$3K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDCshort	+0.0348%	8h	0.000005158	−0.803%	$34K	$24K	20x
OKX PEPE-USDT-SWAP	+0.0380%	8h	0.000005155	−0.857%	$48.6M	$625.7M	50x	as long as short
BloFin PEPE-USDT	+0.0498%	8h	0.000005166	−0.645%	$4.4M	$26.4M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0607%	8h	0.000005160	−0.762%	$2.6M	$7.3M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0672%	1h	0.000005161	−0.741%	$941K	$33.7M	50x	as long as short
BingX 1000PEPE-USDC	+0.0697%	8h	0.000005152	−0.907%	—	$2.3M	—	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0721%	1h	0.000005155	−0.857%	$73K	$125K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0736%	1h	0.000005148	−0.991%	$146K	—	3x	as long as short
MEXC PEPE_USDT	+0.0739%	8h	0.000005161	−0.735%	$97.4M	$290.7M	300x	as long as short
Binance 1000PEPEUSDT	+0.0741%	8h	0.000005160	−0.770%	$148.5M	$1.26B	75x	as long as short
Extended 1000PEPE-USD	+0.0744%	1h	0.000005156	−0.838%	$546K	$226K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0774% / S −0.1542%	1h	0.000005000	−3.838%	$63K	—	100x	as long as short
Paradex kPEPE-USD-PERP	+0.0803%	8h	0.000005160	−0.767%	$6K	—	20x	as long as short
SoDEX 1000PEPE-USD	+0.0804%	1h	0.000005160	−0.760%	$2K	$10K	10x	as long as short
Lighter 1000PEPE	+0.0840%	1h	0.000005165	−0.664%	$594K	$8.3M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0845%	1h	0.000005209	+0.182%	$104K	$744K	25x	as long as short
Aster 1000PEPEUSDT	+0.0848%	8h	0.000005156	−0.842%	$1.9M	$9.6M	50x	as long as short
Nado kPEPE-PERP	+0.0889%	1h	0.000005158	−0.804%	$190K	$898K	10x	as long as short
01 Exchange kPEPEUSD	+0.1144%	1h	0.000005165	−0.664%	$623	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1164%	1h	0.000005164	−0.683%	$98K	$665K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1263%	1h	0.000005159	−0.786%	$4.6M	$15.9M	50x	as long as short
Hyperliquid kPEPE	+0.1600%	1h	0.000005168	−0.607%	$55.7M	$141.9M	10x	as long as short