Funding you earn now, next payment 23:00 UTC+0.0589%/8h= +64.5% APRnext payment +$0.74 per $10,000 · paid last 24h −0.046%
Price spread now: Nado against Hyperliquid+0.082%7-day average −0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 3 days (all we have)−0.261%−$26 on $10k
+Price spread, last 3 days (all we have)−0.143%−$14 · spread now +0.082%, 7d avg −0.107%
=Together, before fees−0.404%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board−$40 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Nado is 0.189% dearer against Hyperliquid than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.107%. Mind the row above: over the last 3 days funding on this pair cost −0.261%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kPEPE | 0.000004860 | 0.0100 | pay 0.0013% / 1h | 50m 17s | $60.4M | $75.4M | 10x |
| Short | Nado kPEPE-PERP | 0.000004864 | 0.0689 | get 0.0086% / 1h | 50m 17s | $187K | $853K | 10x |
Hyperliquid kPEPE
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Hyperliquid. 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
- $123.66
- Price spread: +0.082% → −0.107%
- $18.91
- Slippage, 4 orders
- −$23.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $103.29
- Costs to cover
- 0.393%
- Break-even
- 1.2 days
Slippage from Hyperliquid: live order book, 3 min ago; Nado: live order book, 33 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 Hyperliquid live order book, 3 min ago | 4.11 bp | 8.6 bp −$9 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Nado live order book, 33 min ago | 4.12 bp | 8.6 bp −$9 | 26.8 bp −$268 | 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 | 0.000004865 | +0.105% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004853 | −0.142% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPElong | +0.0100% | 1h | 0.000004860 | long leg | $60.4M | $75.4M | 10x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004867 | +0.144% | $60K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004857 | −0.062% | $88.5M | $278.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004855 | −0.103% | $151.7M | $62.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004862 | +0.033% | $25.1M | $53.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004869 | +0.187% | $582K | $3.9M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004882 | +0.445% | $28K | $342K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004865 | +0.107% | $2K | $2.4M | 20x | as long as short |
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 | 0.000004865 | +0.111% | $550K | $3.5M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0140% | 1h | 0.000004861 | +0.021% | $2K | $9K | 10x | as long as short |
| Lighter 1000PEPE | +0.0160% | 1h | 0.000004872 | +0.247% | $644K | $5.4M | 10x | as long as short |
| Bitget PEPEUSDT | +0.0176% | 8h | 0.000004861 | +0.012% | $42.8M | $151.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004861 | +0.030% | $7K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0204% | 8h | 0.000004857 | −0.062% | $41.8M | $493.0M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0317% / S −0.0215% | 1h | 0.000004000 | −17.695% | $53K | — | 100x | as long as short |
| BloFin PEPE-USDT | +0.0323% | 8h | 0.000004862 | +0.041% | $3.8M | $22.2M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0436% | 8h | 0.000004860 | +0.006% | $30K | $11K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0448% | 1h | 0.000004863 | +0.062% | $652K | $25.6M | 50x | as long as short |
| Phemex u1000PEPEUSDT | +0.0454% | 8h | 0.000004860 | −0.002% | $2.3M | $6.4M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0481% | 8h | 0.000004867 | +0.146% | $5K | $16 | 20x | as long as short |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000004865 | +0.103% | $557 | $2K | 10x | as long as short |
| Nado kPEPE-PERPshort | +0.0689% | 1h | 0.000004864 | +0.082% | $187K | $853K | 10x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0780% | 1h | 0.000004861 | +0.021% | $82K | $94K | 25x | as long as short |
| BingX 1000PEPE-USDT | +0.0842% | 8h | 0.000004857 | −0.053% | — | $255.9M | — | as long as short |
| Extended 1000PEPE-USD | +0.0872% | 1h | 0.000004857 | −0.063% | $535K | $148K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0873% | 8h | 0.000004858 | −0.051% | $130.6M | $1.03B | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0873% | 1h | 0.000004879 | +0.391% | $4K | $103K | 12x | as long as short |
| MEXC PEPE_USDT | +0.0877% | 8h | 0.000004863 | +0.058% | $92.0M | $282.5M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0880% | 1h | 0.000004851 | −0.185% | $137K | — | 3x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0895% | 1h | 0.000004860 | −0.002% | $93K | $614K | 15x | as long as short |
| Aster 1000PEPEUSDT | +0.0909% | 8h | 0.000004863 | +0.065% | $1.5M | $6.9M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1312% | 1h | 0.000004862 | +0.051% | $4.0M | $13.2M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1769% | 1h | 0.000004880 | +0.412% | $104K | $763K | 25x | as long as short |
HTX PEPE-USDT
SoDEX 1000PEPE-USD
Lighter 1000PEPE
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
GMX PEPE/USD [ETH-USDC]
BloFin PEPE-USDT
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
01 Exchange kPEPEUSD
Deribit 1000PEPE_USDC-PERPETUAL
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
Injective PEPE/USDC PERP
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Backpack kPEPE_USDC_PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
ApeX Omni 1000PEPEUSDT