Funding you earn now, next payment 21:00 UTC−0.0242%/8h= −26.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.002%
Price spread now: Coinbase International against Nado−0.048%7-day average +0.007% · 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−$49as in the Price arb table
costs, in and out, $10k−$440.435% of the position
Funding, last 3 days (all we have)+0.008%+$1 on $10k
+Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.048%, 7d avg +0.007%
=Together, before fees+0.096%+ Points / potential airdropNado: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Coinbase International is 0.055% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.008% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 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 | Nado kPEPE-PERP | 0.000004817 | 0.0706 | pay 0.0088% / 1h | 27m 03s | $186K | $853K | 10x |
| Short | Coinbase International 1000PEPE-PERP-INTX | 0.000004815 | 0.0464 | get 0.0058% / 1h | 27m 03s | $577K | $25.4M | 50x |
Nado kPEPE-PERP
Coinbase International 1000PEPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$50.92
- Price spread: −0.048% → +0.007%
- −$5.51
- Slippage, 4 orders
- −$26.53
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$99.96
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from Nado: live order book, 61 min ago; Coinbase International: live order book, 2 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, 61 min ago | 1.01 bp | 10.7 bp −$11 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.16 bp | 13.0 bp −$13 | 16.9 bp −$169 | 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 | 0.000004808 | −0.197% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004809 | −0.167% | $14K | — | 150x | as long as short |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004826 | +0.180% | $57.4M | $70.7M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004815 | −0.048% | $59K | $113K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004826 | +0.184% | $88.3M | $273.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004812 | −0.111% | $149.9M | $61.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004813 | −0.081% | $25.3M | $52.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004799 | −0.375% | $702K | $3.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004804 | −0.287% | $27K | $338K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004824 | +0.145% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Hyperliquid kPEPE
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 | 0.000004821 | +0.072% | $555K | $3.5M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0145% | 8h | 0.000004828 | +0.222% | $41.4M | $490.9M | 50x | as long as short |
| Bitget PEPEUSDT | +0.0176% | 8h | 0.000004828 | +0.222% | $43.3M | $152.3M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004817 | −0.012% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0260% | 8h | 0.000004813 | −0.090% | $3.9M | $21.7M | 75x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0318% / S −0.0217% | 1h | 0.000004000 | −16.966% | $52K | — | 100x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0389% | 8h | 0.000004818 | +0.014% | $29K | $11K | 20x | as long as short |
| Lighter 1000PEPE | +0.0424% | 1h | 0.000004817 | −0.007% | $616K | $5.2M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0436% | 8h | 0.000004818 | +0.014% | $5K | $16 | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXshort | +0.0464% | 1h | 0.000004815 | −0.048% | $577K | $25.4M | 50x | |
| Phemex u1000PEPEUSDT | +0.0475% | 8h | 0.000004819 | +0.029% | $2.3M | $6.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0555% | 1h | 0.000004809 | −0.173% | $4K | $110K | 12x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0578% | 1h | 0.000004827 | +0.197% | $95K | $622K | 15x | as long as short |
| Nado kPEPE-PERPlong | +0.0706% | 1h | 0.000004817 | long leg | $186K | $853K | 10x | |
| ApeX Omni 1000PEPEUSDT | +0.0726% | 1h | 0.000004803 | −0.297% | $99K | $759K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0760% | 1h | 0.000004815 | −0.040% | $3.9M | $13.1M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0768% | 1h | 0.000004816 | −0.028% | $2K | $9K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0784% | 8h | 0.000004831 | +0.286% | — | $255.0M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0824% | 1h | 0.000004820 | +0.056% | $136K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0831% | 8h | 0.000004832 | +0.296% | $91.1M | $290.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0831% | 8h | 0.000004832 | +0.311% | $128.5M | $1.02B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0832% | 1h | 0.000004826 | +0.186% | $529K | $147K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0868% | 8h | 0.000004822 | +0.100% | $1.5M | $6.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0998% | 1h | 0.000004815 | −0.048% | $81K | $94K | 25x | as long as short |
| 01 Exchange kPEPEUSD | +0.1248% | 1h | 0.000004829 | +0.242% | $553 | $2K | 10x | as long as short |
HTX PEPE-USDT
OKX PEPE-USDT-SWAP
Bitget PEPEUSDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Orderly PERP_1000PEPE_USDC
Lighter 1000PEPE
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
Injective PEPE/USDC PERP
Backpack kPEPE_USDC_PERP
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD