Funding you earn now, next payment 00:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h +0.011%
Price spread now: Nado against Deribit−0.116%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.116% cheaper against Deribit than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004823 | 0.0996 | pay 0.0124% / 1h | 51m 13s | $82K | $94K | 25x |
| Short | Nado kPEPE-PERP | 0.000004817 | 0.0835 | get 0.0104% / 1h | 51m 13s | $184K | $845K | 10x |
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. 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
- −$33.65
- Price spread: −0.116% → 0.000%
- −$11.61
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$59.26
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Nado: live order book, 27 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 27 min ago | 3.13 bp | 12.6 bp −$13 | 33.4 bp −$334 | doesn't fit | doesn't fit |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kPEPE | −0.0205% | 1h | 0.000004810 | −0.270% | $66.9M | $87.3M | 10x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004810 | −0.273% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004816 | −0.143% | $14K | — | 150x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0066% | 1h | 0.000004818 | −0.103% | $3.9M | $13.5M | 50x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004815 | −0.166% | $60K | $114K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004815 | −0.164% | $86.6M | $287.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004814 | −0.187% | $151.0M | $63.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004817 | −0.118% | $24.7M | $54.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004823 | −0.002% | $42.6M | $149.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004798 | −0.521% | $596K | $4.1M | — | as long as short |
Hyperliquid kPEPE
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Kraken Futures PF_PEPEUSD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004806 | −0.347% | $28K | $344K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004829 | +0.133% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004820 | −0.062% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004818 | −0.100% | $546K | $3.5M | 75x | as long as short |
| Lighter 1000PEPE | +0.0184% | 1h | 0.000004822 | −0.021% | $637K | $6.3M | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004817 | −0.127% | $7K | — | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0214% | 1h | 0.000004796 | −0.560% | $100K | $760K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0219% | 8h | 0.000004818 | −0.104% | $41.9M | $499.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0219% | 8h | 0.000004817 | −0.128% | $5K | $16 | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0238% | 8h | 0.000004819 | −0.075% | $2.3M | $6.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0240% | 1h | 0.000004819 | −0.083% | $552 | $2K | 10x | as long as short |
| BloFin PEPE-USDT | +0.0339% | 8h | 0.000004819 | −0.083% | $3.9M | $22.4M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0354% / S −0.0391% | 1h | 0.000004000 | −17.064% | $43K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004821 | −0.041% | $578K | $25.8M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0434% | 8h | 0.000004820 | −0.062% | $30K | $12K | 20x | as long as short |
| Injective PEPE/USDC PERP | +0.0437% | 1h | 0.000004814 | −0.187% | $4K | $102K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0578% | 1h | 0.000004808 | −0.311% | $91K | $602K | 15x | as long as short |
| BingX 1000PEPE-USDT | +0.0682% | 8h | 0.000004821 | −0.037% | — | $256.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0696% | 1h | 0.000004821 | −0.031% | $529K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0696% | 1h | 0.000004824 | +0.021% | $136K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0699% | 8h | 0.000004819 | −0.075% | $96.4M | $278.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0700% | 8h | 0.000004819 | −0.091% | $132.3M | $1.05B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0705% | 8h | 0.000004823 | +0.010% | $1.5M | $7.3M | 50x | as long as short |
| Nado kPEPE-PERPshort | +0.0835% | 1h | 0.000004817 | −0.116% | $184K | $845K | 10x | |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0996% | 1h | 0.000004823 | long leg | $82K | $94K | 25x |
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Lighter 1000PEPE
Reya kPEPERUSDPERP
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
Orderly PERP_1000PEPE_USDC
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT