Funding you earn now, next payment 04:00 UTC−0.0322%/8h= −35.3% APRpaid last 24h −0.023%
Price spread now: BloFin against Nado−0.412%7-day average −0.021% · 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−$85as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 3 days (all we have)+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)+0.544%+$54 · spread now −0.412%, 7d avg −0.021%
=Together, before fees+0.569%+ Points / potential airdropNado: Active · farm board+$57 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and BloFin is 0.392% cheaper against Nado than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.025% in total (about 2.7% a year). A funding rate is set anew for every payment. 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 | Nado kPEPE-PERP | 0.000005069 | 0.0802 | pay 0.0100% / 1h | 44m 11s | $192K | $877K | 10x |
| Short | BloFin PEPE-USDT | 0.000005048 | 0.0480 | get 0.0480% / 8h | 4h 44m | $4.4M | $25.3M | 75x |
Nado kPEPE-PERP
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Nado. 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
- −$67.65
- Price spread: −0.412% → −0.021%
- −$39.18
- Slippage, 4 orders
- −$26.81
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$152.64
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from Nado: live order book, 14 min ago; BloFin: live order book, 5 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 Nado live order book, 14 min ago | 4.94 bp | 12.6 bp −$13 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 4.99 bp | 11.0 bp −$11 | 13.2 bp −$132 | 25.7 bp −$2,574 | 73.2 bp −$36.6K |
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 | 0.000005055 | −0.273% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005064 | −0.101% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005064 | −0.097% | $64K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005076 | +0.140% | $99.4M | $345.6M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005064 | −0.097% | $167.1M | $75.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005081 | +0.231% | $26.3M | $63.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005034 | −0.697% | $675K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005021 | −0.952% | $31K | $452K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005074 | +0.107% | $1K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005060 | −0.174% | $576K | $3.7M | 75x | 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-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0166% | 8h | 0.000005087 | +0.357% | $46.5M | $174.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005069 | +0.006% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | −0.491% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0332% | 8h | 0.000005073 | +0.089% | $33K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0361% | 8h | 0.000005078 | +0.180% | $45.4M | $600.0M | 50x | as long as short |
| BloFin PEPE-USDTshort | +0.0480% | 8h | 0.000005048 | −0.412% | $4.4M | $25.3M | 75x | |
| Phemex u1000PEPEUSDT | +0.0625% | 8h | 0.000005079 | +0.199% | $2.4M | $7.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0626% | 1h | 0.000005072 | +0.061% | $2K | $12K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0635% | 8h | 0.000005084 | +0.308% | — | $261.7M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0663% | 1h | 0.000005021 | −0.945% | $100K | $742K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0666% / S −0.0917% | 1h | 0.000005000 | −1.359% | $45K | — | 100x | as long as short |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005059 | −0.195% | $143K | — | 3x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005057 | −0.235% | $972K | $31.9M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0676% | 8h | 0.000005081 | +0.237% | $93.2M | $287.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0676% | 8h | 0.000005082 | +0.252% | $143.2M | $1.22B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0680% | 1h | 0.000005069 | −0.007% | $535K | $226K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0770% | 8h | 0.000005078 | +0.176% | $1.8M | $9.2M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0793% | 8h | 0.000005060 | −0.169% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERPlong | +0.0802% | 1h | 0.000005069 | long leg | $192K | $877K | 10x | |
| Backpack kPEPE_USDC_PERP | +0.0850% | 1h | 0.000005083 | +0.286% | $99K | $644K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0935% | 1h | 0.000005069 | +0.002% | $72K | $124K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.0944% | 1h | 0.000005077 | +0.160% | $612 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.0952% | 1h | 0.000005074 | +0.101% | $580K | $8.2M | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1284% | 1h | 0.000005071 | +0.043% | $4.4M | $15.5M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1445% | 1h | 0.000005073 | +0.081% | $54.3M | $140.1M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
Coinbase International 1000PEPE-PERP-INTX
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
Lighter 1000PEPE
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE