Funding you earn now, next payment 01:00 UTC−0.0441%/8h= −48.3% APRpaid last 24h −0.047%
Price spread now: edgeX against Nado−1.249%7-day average −0.022% · 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−$155as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 3 days (all we have)−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)+1.292%+$129 · spread now −1.249%, 7d avg −0.022%
=Together, before fees+1.238%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$124 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and edgeX is 1.227% cheaper against Nado than usual: you would sell low and buy high (−$123 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.054% in total (about -6.0% 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 | 0.000005090 | 0.0541 | pay 0.0068% / 1h | 9m 23s | $191K | $861K | 10x |
| Short | edgeX 1000PEPEUSDC | 0.000005026 | 0.0100 | get 0.0050% / 4h | 3h 09m | $52K | $379K | 20x |
Nado kPEPE-PERP
edgeX 1000PEPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$92.67
- Price spread: −1.249% → −0.022%
- −$122.69
- Slippage, 4 orders
- −$16.68
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$248.04
- Costs to cover
- 0.327%
- Break-even
- never at this rate
Slippage from Nado: live order book, 64 min ago; edgeX: live order book, 64 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, 64 min ago | 3.17 bp | 11.2 bp −$11 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 64 min ago | 0.85 bp | 5.5 bp −$5 | 9.1 bp −$91 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0116% | 1h | 0.000005032 | −1.125% | $3.9M | $14.3M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005055 | −0.685% | $19K | $95 | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | 0.0000% | 1h | 0.000005029 | −1.189% | $61K | $114K | 25x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005076 | −0.258% | $14K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005057 | −0.639% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005075 | −0.285% | $95.7M | $310.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005081 | −0.168% | $163.3M | $68.9M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005086 | −0.069% | $25.9M | $57.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005087 | −0.046% | $45.4M | $155.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005026 | −1.255% | $588K | $4.4M | — | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX 1000PEPEUSDCshort | +0.0100% | 4h | 0.000005026 | −1.249% | $52K | $379K | 20x | |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005037 | −1.030% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005032 | −1.130% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005047 | −0.830% | $565K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000005039 | −0.989% | $2.4M | $6.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005083 | −0.137% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0195% | 8h | 0.000005076 | −0.266% | $45.2M | $548.5M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0236% | 1h | 0.000005028 | −1.209% | $110K | $753K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0274% | 8h | 0.000005074 | −0.307% | $31K | $17K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0279% | 8h | 0.000005079 | −0.210% | $6K | $16 | 20x | as long as short |
| BloFin PEPE-USDT | +0.0315% | 8h | 0.000005031 | −1.150% | $4.1M | $24.2M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005033 | −1.111% | $601K | $28.0M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0459% | 8h | 0.000005081 | −0.171% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0472% | 1h | 0.000005082 | −0.142% | $558K | $199K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0475% | 8h | 0.000005086 | −0.069% | $100.5M | $291.2M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0476% | 8h | 0.000005080 | −0.191% | $140.8M | $1.12B | 75x | as long as short |
| Aevo 1000PEPE-PERP | +0.0480% | 1h | 0.000005025 | −1.268% | $142K | — | 3x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0493% / S −0.0454% | 1h | 0.000005000 | −1.759% | $59K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0530% | 8h | 0.000005077 | −0.238% | $1.5M | $7.5M | 50x | as long as short |
| Nado kPEPE-PERPlong | +0.0541% | 1h | 0.000005090 | long leg | $191K | $861K | 10x | |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000005065 | −0.482% | $669K | $6.9M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0624% | 1h | 0.000005041 | −0.953% | $95K | $601K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0632% | 1h | 0.000005089 | −0.010% | $1K | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005043 | −0.914% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPE | +0.2091% | 1h | 0.000005110 | +0.402% | $56.8M | $132.4M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aevo 1000PEPE-PERP
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Hyperliquid kPEPE