Funding you earn now, next payment 22:00 UTC+0.0606%/8h= +66.4% APRpaid last 24h +0.053%
Price spread now: Nado against Bybit−0.386%49s7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.416% of the position
Funding, last 3 days (all we have)+0.096%+$10 on $10k
+Price spread, last 3 days (all we have)+0.495%+$50 · spread now −0.386%, 7d avg +0.039%
=Together, before fees+0.592%+ Points / potential airdropNado: Active · farm board+$59 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.425% cheaper against Bybit than usual: you would sell low and buy high (spread −0.386% now, against its 7-day average of +0.039%). If the spread goes back, that is −$43 on $10k: about 2.3 days of funding at the current rate (+$18 a day). At the pace of the last 3 days (+0.096% in total) that is about 14 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.096% in total (about 11.3% 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 | Bybit 1000PEPEUSDT | 0.000004836 | 0.0100 | pay 0.0100% / 8h | 2h 26m | $88.1M | $274.1M | 50x |
| Short | Nado kPEPE-PERP | 0.000004817 | 0.0706 | get 0.0088% / 1h | 26m 36s | $186K | $853K | 10x |
Bybit 1000PEPEUSDT
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bybit. 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
- $127.36
- Price spread: −0.386% → +0.039%
- −$42.51
- Slippage, 4 orders
- −$23.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $43.3
- Costs to cover
- 0.416%
- Break-even
- 4.6 days
Slippage from Bybit: live order book, 3 min ago; Nado: live order book, 62 min ago.
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 Bybit live order book, 3 min ago | 1.04 bp | 11.5 bp −$11 | 15.7 bp −$157 | 38.3 bp −$3,831 | doesn't fit |
| Sell Nado live order book, 62 min ago | 1.01 bp | 9.8 bp −$10 | 25.6 bp −$256 | 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 | 0.000004833 | −0.066% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004809 | −0.552% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004836 | 0.000% | $57.5M | $70.8M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004841 | +0.103% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDTlong | +0.0100% | 8h | 0.000004836 | long leg | $88.1M | $274.1M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004839 | +0.062% | $150.7M | $61.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004836 | +0.008% | $25.2M | $52.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004799 | −0.759% | $702K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004804 | −0.672% | $27K | $338K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004824 | −0.242% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
Pacifica kPEPE
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004821 | −0.314% | $555K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0145% | 8h | 0.000004841 | +0.103% | $41.5M | $489.5M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0178% | 8h | 0.000004838 | +0.045% | $43.3M | $151.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004817 | −0.398% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0260% | 8h | 0.000004813 | −0.476% | $3.9M | $21.7M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −17.287% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0389% | 8h | 0.000004818 | −0.372% | $29K | $11K | 20x | as long as short |
| Lighter 1000PEPE | +0.0424% | 1h | 0.000004842 | +0.124% | $620K | $5.2M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0449% | 8h | 0.000004840 | +0.076% | $5K | $16 | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0464% | 1h | 0.000004815 | −0.434% | $577K | $25.4M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0475% | 8h | 0.000004819 | −0.358% | $2.3M | $6.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004809 | −0.558% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0578% | 1h | 0.000004827 | −0.190% | $95K | $622K | 15x | as long as short |
| Nado kPEPE-PERPshort | +0.0706% | 1h | 0.000004817 | −0.386% | $186K | $853K | 10x | |
| ApeX Omni 1000PEPEUSDT | +0.0726% | 1h | 0.000004803 | −0.682% | $99K | $759K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0760% | 1h | 0.000004815 | −0.426% | $3.9M | $13.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0768% | 1h | 0.000004816 | −0.414% | $2K | $9K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0774% | 8h | 0.000004841 | +0.101% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000004820 | −0.331% | $136K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0831% | 8h | 0.000004850 | +0.289% | $91.5M | $290.2M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0832% | 1h | 0.000004841 | +0.108% | $532K | $147K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0837% | 8h | 0.000004843 | +0.141% | $128.7M | $1.02B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0875% | 8h | 0.000004833 | −0.057% | $1.5M | $6.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0998% | 1h | 0.000004815 | −0.434% | $81K | $94K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1256% | 1h | 0.000004859 | +0.476% | $557 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD