PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h −0.005%

Price spread now: Nado against Extended−0.236%7-day average +0.036% · 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−$75as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.584%+$58 · spread now −0.236%, 7d avg +0.036%

Together, before fees+0.589%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.273% cheaper against Extended than usual: you would sell low and buy high (spread −0.236% now, against its 7-day average of +0.036%). If the spread goes back, that is −$27 on $10k: about 12 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.004% in total) that is about 7 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000PEPE-USD	0.000005116	0.0520	pay 0.0065% / 1h	26m 21s	$563K	$199K	25x
Short	Nado kPEPE-PERP	0.000005104	0.0595	get 0.0074% / 1h	26m 21s	$183K	$881K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee NadobpOrdersPrice spread, now −0.236%Rate

Funding earned: $15.82
Price spread: −0.236% → +0.036%: −$27.26
Slippage, 4 orders: −$35.41
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$58.86
Costs to cover: 0.474%
Break-even: 33.0 days

Slippage from Extended: live order book, 41 min ago; Nado: live order book, 42 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 Extended live order book, 41 min ago	2.95 bp	7.4 bp −$7	42.1 bp −$421	doesn't fit	doesn't fit
Sell Nado live order book, 42 min ago	1.97 bp	19.0 bp −$19	48.0 bp −$480	doesn't fit	doesn't fit

PEPE on 34 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	0.000005107	−0.190%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005091	−0.489%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005113	−0.065%	$62K	$125K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005092	−0.474%	$98.9M	$322.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005095	−0.417%	$162.4M	$70.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005100	−0.329%	$25.2M	$60.3M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005097	−0.374%	$47.2M	$160.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005092	−0.482%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005065	−0.998%	$27K	$406K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005114	−0.054%	$2K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005103	−0.259%	$575K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005100	−0.322%	$8K	—	15x	as long as short
Phemex u1000PEPEUSDT	+0.0215%	8h	0.000005098	−0.362%	$2.4M	$6.9M	50x	as long as short
OKX PEPE-USDT-SWAP	+0.0232%	8h	0.000005097	−0.378%	$45.3M	$571.1M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0277%	8h	0.000005100	−0.310%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0321%	1h	0.000005065	−1.004%	$107K	$746K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005110	−0.124%	$661K	$29.5M	50x	as long as short
BingX 1000PEPE-USDC	+0.0483%	8h	0.000005099	−0.339%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0511% / S −0.0869%	1h	0.000005000	−2.274%	$48K	—	100x	as long as short
Extended 1000PEPE-USDlong	+0.0520%	1h	0.000005116	long leg	$563K	$199K	25x
MEXC PEPE_USDT	+0.0520%	8h	0.000005097	−0.370%	$95.6M	$290.4M	300x	as long as short
Aevo 1000PEPE-PERP	+0.0520%	1h	0.000005110	−0.124%	$144K	—	3x	as long as short
Binance 1000PEPEUSDT	+0.0526%	8h	0.000005099	−0.339%	$144.0M	$1.17B	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0548%	8h	0.000005110	−0.118%	$6K	$16	20x	as long as short
Nado kPEPE-PERPshort	+0.0595%	1h	0.000005104	−0.236%	$183K	$881K	10x
SoDEX 1000PEPE-USD	+0.0620%	1h	0.000005104	−0.241%	$2K	$12K	10x	as long as short
Aster 1000PEPEUSDT	+0.0629%	8h	0.000005110	−0.123%	$1.7M	$8.1M	50x	as long as short
Kraken Futures PF_PEPEUSD	+0.0816%	1h	0.000005102	−0.277%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005070	−0.906%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0933%	1h	0.000005109	−0.144%	$103K	$616K	15x	as long as short
01 Exchange kPEPEUSD	+0.0984%	1h	0.000005117	+0.013%	$1K	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1122%	1h	0.000005108	−0.163%	$62K	$114K	25x	as long as short
Lighter 1000PEPE	+0.1512%	1h	0.000005122	+0.111%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2235%	1h	0.000005109	−0.144%	$56.5M	$135.9M	10x	as long as short