Funding you earn now, next payment 06:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.17 per $10,000 · paid last 24h +0.009%
Price spread now: Nado against Coinbase International−0.028%7-day average +0.005% · 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−$51as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Funding, last 3 days (all we have)+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.028%, 7d avg +0.005%
=Together, before fees+0.074%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.032% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.005%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.013% in total) that is about 8.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000PEPE-PERP-INTX | 0.000005086 | 0.0624 | pay 0.0078% / 1h | 35m 10s | $685K | $38.4M | 50x |
| Short | Nado kPEPE-PERP | 0.000005085 | 0.0762 | get 0.0095% / 1h | 35m 10s | $163K | $959K | 10x |
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Coinbase International. 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
- $28.93
- Price spread: −0.028% → +0.005%
- −$3.23
- Slippage, 4 orders
- −$30.43
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$21.74
- Costs to cover
- 0.474%
- Break-even
- 12.3 days
Slippage from Coinbase International: live order book, 4 min ago; Nado: live order book, 8 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 Coinbase International live order book, 4 min ago | 3.89 bp | 14.0 bp −$14 | 20.1 bp −$201 | 52.6 bp −$5,257 | doesn't fit |
| Sell Nado live order book, 8 min ago | 2.90 bp | 9.9 bp −$10 | 27.5 bp −$275 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005083 | −0.059% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005090 | +0.081% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005090 | +0.069% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005094 | +0.157% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005076 | −0.203% | $99.9M | $417.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005073 | −0.256% | $161.6M | $96.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005074 | −0.230% | $25.6M | $72.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005114 | +0.543% | $611K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005128 | +0.818% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005089 | +0.049% | $1K | $2.6M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
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 | 0.000005066 | −0.387% | $585K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0160% | 1h | 0.000005082 | −0.079% | $2K | $11K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0188% | 1h | 0.000005132 | +0.904% | $155K | $822K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005081 | −0.097% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0292% | 8h | 0.000005077 | −0.173% | $45.5M | $215.4M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0341% | 1h | 0.000005077 | −0.177% | $72K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0378% | 1h | 0.000005078 | −0.153% | $71K | $856K | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0387% | 8h | 0.000005081 | −0.090% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0411% | 8h | 0.000005079 | −0.138% | $47.2M | $720.5M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0460% | 1h | 0.000005078 | −0.147% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0503% | 8h | 0.000005090 | +0.087% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0535% | 8h | 0.000005078 | −0.157% | $4.5M | $29.2M | 75x | as long as short |
| Lighter 1000PEPE | +0.0544% | 1h | 0.000005080 | −0.118% | $606K | $9.0M | 10x | as long as short |
| Phemex u1000PEPEUSDT | +0.0586% | 8h | 0.000005080 | −0.118% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0624% | 1h | 0.000005086 | long leg | $685K | $38.4M | 50x | |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005095 | +0.177% | $615 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0733% | 8h | 0.000005078 | −0.157% | — | $217.6M | — | as long as short |
| Nado kPEPE-PERPshort | +0.0762% | 1h | 0.000005085 | −0.028% | $163K | $959K | 10x | |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005079 | −0.140% | $538K | $286K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005083 | −0.059% | $144K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0768% | 8h | 0.000005080 | −0.126% | $140.0M | $1.46B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0771% | 8h | 0.000005076 | −0.187% | $96.6M | $304.0M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0773% | 8h | 0.000005081 | −0.096% | $1.8M | $11.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0980% | 1h | 0.000005084 | −0.039% | $54.0M | $155.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2257% | 1h | 0.000005000 | −1.691% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Lighter 1000PEPE
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]