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

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.1% APRpaid last 24h +0.023%
Price spread now: Nado against BloFin−0.005%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$380.379% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.026%−$3 on $10k
Price spread, last 3 days (all we have)−0.051%−$5 · spread now −0.005%, 7d avg +0.003%
Together, before fees−0.077%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PEPE-USDT0.0000047920.0310pay 0.0310% / 8h7h 56m$3.9M$22.7M75x
ShortNado kPEPE-PERP0.0000047920.0357get 0.0045% / 1h56m 07s$180K$848K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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
$9.74
Price spread: −0.005% → +0.003%
−$0.79
Slippage, 4 orders
−$18.91
Fee BloFin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$28.96
Costs to cover
0.379%
Break-even
27.8 days
Slippage from BloFin: live order book, 3 min ago; Nado: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago2.09 bp8.1 bp −$810.0 bp −$10030.8 bp −$3,07979.0 bp −$39.5K
Sell Nado live order book, 17 min ago3.17 bp10.5 bp −$1027.2 bp −$272doesn'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
Phemex u1000PEPEUSDT−0.0286%8h0.000004791−0.023%$2.3M$6.5M50xas long as short
Kraken Futures PF_PEPEUSD−0.0122%1h0.000004795+0.065%$3.9M$13.9M50xas long as short
dYdX PEPE-USD0.0000%1h0.000004796+0.087%$18K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0006%1h0.000004789−0.071%$14K150xas long as short
Hyperliquid kPEPE+0.0100%1h0.0000047920.000%$68.7M$102.1M10xas long as short
Pacifica kPEPE+0.0100%1h0.000004799+0.146%$56K$119K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000004797+0.104%$87.7M$297.0M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000004790−0.042%$152.1M$64.6M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000004793+0.015%$24.0M$55.0M75xas long as short
Bitget PEPEUSDT+0.0100%8h0.000004798+0.125%$42.5M$151.5M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni 1000PEPE+0.0100%8h0.000004801+0.185%$554K$4.2Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000004767−0.512%$25K$350K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000004767−0.522%$100K$754K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000004802+0.215%$2K$2.4M20xas long as short
SoDEX 1000PEPE-USD+0.0100%1h0.000004796+0.083%$2K$12K10xas long as short
HTX PEPE-USDT+0.0100%8h0.000004796+0.081%$541K$3.5M75xas long as short
Lighter 1000PEPE+0.0112%1h0.000004797+0.104%$577K$6.6M10xas long as short
Paradex kPEPE-USD-PERP+0.0174%8h0.000004797+0.113%$5K$1620xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000004791−0.021%$7K15xas long as short
OKX PEPE-USDT-SWAP+0.0193%8h0.000004802+0.209%$42.8M$506.1M50xas long as short
BloFin PEPE-USDTlong+0.0310%8h0.000004792long leg$3.9M$22.7M75x
01 Exchange kPEPEUSD+0.0328%1h0.000004798+0.125%$550$2K10xas long as short
Orderly PERP_1000PEPE_USDC+0.0333%8h0.000004791−0.021%$30K$13K20xas long as short
Nado kPEPE-PERPshort+0.0357%1h0.000004792−0.005%$180K$848K10x
Coinbase International 1000PEPE-PERP-INTX+0.0368%1h0.000004796+0.083%$550K$25.9M50xas long as short
GMX PEPE/USD [ETH-USDC]L +0.0404% / S −0.0446%1h0.000004000−16.528%$43K100xas long as short
BingX 1000PEPE-USDC+0.0532%8h0.000004794+0.040%$2.3Mas long as short
Extended 1000PEPE-USD+0.0544%1h0.000004793+0.031%$526K$148K25xas long as short
MEXC PEPE_USDT+0.0544%8h0.000004794+0.052%$91.2M$279.6M300xas long as short
Binance 1000PEPEUSDT+0.0546%8h0.000004801+0.184%$135.2M$1.08B75xas long as short
Aster 1000PEPEUSDT+0.0548%8h0.000004794+0.033%$1.5M$7.3M50xas long as short
Aevo 1000PEPE-PERP+0.0552%1h0.000004785−0.146%$135K3xas long as short
Backpack kPEPE_USDC_PERP+0.0634%1h0.000004797+0.111%$94K$602K15xas long as short
Injective PEPE/USDC PERP+0.0636%1h0.000004793+0.021%$4K$102K12xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0794%1h0.000004796+0.083%$77K$98K25xas long as short