Funding you earn now, next payment 07:00 UTC+0.0209%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h −0.054%
Price spread now: Nado against Lighter−0.269%7-day average −0.050% · 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−$290.295% of the position
Funding, last 3 days (all we have)−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.269%, 7d avg −0.050%
=Together, before fees+0.246%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.219% cheaper against Lighter than usual: you would sell low and buy high (spread −0.269% now, against its 7-day average of −0.050%). If the spread goes back, that is −$22 on $10k: about 3.5 days of funding at the current rate (+$6 a day). Mind the row above: over the last 3 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.050% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. 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 | Lighter 1000PEPE | 0.000005081 | 0.0568 | pay 0.0071% / 1h | 32m 35s | $606K | $9.0M | 10x |
| Short | Nado kPEPE-PERP | 0.000005067 | 0.0777 | get 0.0097% / 1h | 32m 35s | $163K | $959K | 10x |
Lighter 1000PEPE
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. 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
- $43.8
- Price spread: −0.269% → −0.050%
- −$21.91
- Slippage, 4 orders
- −$22.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$7.57
- Costs to cover
- 0.295%
- Break-even
- 8.2 days
Slippage from Lighter: live order book, 6 min ago; Nado: live order book, 11 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 Lighter live order book, 6 min ago | 1.95 bp | 5.0 bp −$5 | 18.7 bp −$187 | 50.4 bp −$5,038 | doesn't fit |
| Sell Nado live order book, 11 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 | 0.000005077 | −0.079% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005069 | −0.236% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005073 | −0.152% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005072 | −0.177% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005065 | −0.315% | $99.2M | $418.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005069 | −0.236% | $161.6M | $96.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005070 | −0.216% | $25.7M | $72.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005114 | +0.642% | $611K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005128 | +0.917% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005086 | +0.094% | $1K | $2.7M | 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 | 0.000005077 | −0.085% | $587K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0163% | 1h | 0.000005080 | −0.020% | $2K | $11K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0188% | 1h | 0.000005132 | +1.004% | $155K | $822K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005079 | −0.038% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0291% | 8h | 0.000005071 | −0.191% | $45.3M | $215.5M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0341% | 1h | 0.000005078 | −0.059% | $72K | $127K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0385% | 1h | 0.000005079 | −0.031% | $72K | $858K | 15x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0388% | 8h | 0.000005081 | −0.004% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0409% | 8h | 0.000005064 | −0.335% | $47.1M | $718.7M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0460% | 1h | 0.000005078 | −0.062% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0495% | 8h | 0.000005068 | −0.248% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0535% | 8h | 0.000005077 | −0.079% | $4.5M | $29.2M | 75x | as long as short |
| Lighter 1000PEPElong | +0.0568% | 1h | 0.000005081 | long leg | $606K | $9.0M | 10x | |
| Phemex u1000PEPEUSDT | +0.0579% | 8h | 0.000005081 | −0.008% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005083 | +0.039% | $687K | $38.4M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0664% | 1h | 0.000005071 | −0.197% | $612 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0732% | 8h | 0.000005069 | −0.238% | — | $217.7M | — | as long as short |
| MEXC PEPE_USDT | +0.0765% | 8h | 0.000005070 | −0.209% | $96.9M | $304.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0766% | 8h | 0.000005069 | −0.238% | $139.1M | $1.46B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0766% | 8h | 0.000005069 | −0.243% | $1.8M | $11.7M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005070 | −0.210% | $538K | $279K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005082 | +0.020% | $144K | — | 3x | as long as short |
| Nado kPEPE-PERPshort | +0.0777% | 1h | 0.000005067 | −0.269% | $163K | $959K | 10x | |
| Hyperliquid kPEPE | +0.0964% | 1h | 0.000005081 | 0.000% | $53.0M | $156.1M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2257% | 1h | 0.000005000 | −1.594% | $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
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]