Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0318%/8h= +34.8% APRnext payment +$0.40 per $10,000 · paid last 24h −0.001%
Price spread now: Nado against Aevo−0.168%7-day average −0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.013%+$1 on $10k
Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.168%, 7d avg −0.009%
Together, before fees−0.038%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.159% cheaper against Aevo than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.009%). If the spread goes back, that is −$16 on $10k: about 40 hours of funding at the current rate (+$10 a day). At the pace of the last 3 days (+0.013% in total) that is about 42 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.013% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000PEPE-PERP0.0000049890.0816pay 0.0102% / 1h56m 09s$141K3x
ShortNado kPEPE-PERP0.0000049810.1134get 0.0142% / 1h56m 09s$168K$937K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Aevo. 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

Funding earned
$66.81
Price spread: −0.168% → −0.009%
−$15.88
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$27.93
Costs to cover
0.230%
Break-even
4.1 days
Slippage unknown: Aevo: live order book, 58 min ago; Nado: live order book, 57 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 58 min ago1010.05 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Nado live order book, 57 min ago3.76 bp8.6 bp −$932.5 bp −$325doesn't fitdoesn't fit

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000004979−0.210%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0005% / S −0.0005%1h0.000004975−0.277%$3K150xas long as short
Pacifica kPEPE+0.0100%1h0.000004980−0.180%$62K$165K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004983−0.124%$98.1M$397.4M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004983−0.120%$160.3M$92.1M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004987−0.036%$24.7M$69.9M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005026+0.734%$596K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005047+1.170%$28K$537K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004987−0.048%$2K$2.6M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000004985−0.072%$559K$4.1M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya kPEPERUSDPERP+0.0189%1h0.000004978−0.211%$8K15xas long as short
Bitget PEPEUSDT+0.0352%8h0.000004988−0.026%$45.3M$205.2M75xas long as short
OKX PEPE-USDT-SWAP+0.0409%8h0.000004987−0.040%$45.7M$670.5M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0416%8h0.000004984−0.106%$33K$27K20xas long as short
Lighter 1000PEPE+0.0456%1h0.000004991+0.040%$601K$9.0M10xas long as short
Paradex kPEPE-USD-PERP+0.0547%8h0.000004985−0.077%$6K20xas long as short
BloFin PEPE-USDT+0.0553%8h0.000004972−0.341%$4.7M$27.5M75xas long as short
Backpack kPEPE_USDC_PERP+0.0579%1h0.000004987−0.048%$73K$825K15xas long as short
SoDEX 1000PEPE-USD+0.0590%1h0.000004981−0.160%$2K$10K10xas long as short
01 Exchange kPEPEUSD+0.0672%1h0.000004987−0.040%$602$3K10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0680%1h0.000004990+0.020%$641K$36.2M50xas long as short
Phemex u1000PEPEUSDT+0.0699%8h0.000004981−0.154%$2.3M$7.8M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0754%1h0.000004985−0.080%$71K$127K25xas long as short
ApeX Omni 1000PEPEUSDT+0.0767%1h0.000005019+0.601%$154K$810K25xas long as short
BingX 1000PEPE-USDT+0.0788%8h0.000004988−0.028%$238.0Mas long as short
Binance 1000PEPEUSDT+0.0805%8h0.000004987−0.038%$141.7M$1.38B75xas long as short
MEXC PEPE_USDT+0.0807%8h0.000004991+0.038%$98.3M$297.8M300xas long as short
Extended 1000PEPE-USD+0.0808%1h0.000004981−0.158%$528K$262K25xas long as short
Aevo 1000PEPE-PERPlong+0.0816%1h0.000004989long leg$141K3x
Kraken Futures PF_PEPEUSD+0.0857%1h0.000004983−0.111%$4.6M$16.7M50xas long as short
Aster 1000PEPEUSDT+0.0880%8h0.000004982−0.131%$1.7M$10.9M50xas long as short
Hyperliquid kPEPE+0.0995%1h0.000004992+0.060%$52.8M$149.9M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1037% / S −0.1548%1h0.000004000−19.824%$68K100xas long as short
Nado kPEPE-PERPshort+0.1134%1h0.000004981−0.168%$168K$937K10x
Injective PEPE/USDC PERP+0.1379%1h0.000005327+6.775%$3K$111K12xas long as short