Funding you earn now, next payment 03:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.028%
Price spread now: Injective against Nado+1.114%49s7-day average +0.561% · 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—prices read too far apart to compare
costs, in and out, $10k−$1051.049% of the position
Funding, last 3 days (all we have)−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)−0.756%−$76 · spread now +1.114%, 7d avg +0.561%
=Together, before fees−0.829%+ Points / potential airdropNado: Active · farm board−$83 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.552% dearer against Nado than usual: you sell high and buy low: +$55 more if the spread goes back to its 7-day average of +0.561%. Mind the row above: over the last 3 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado kPEPE-PERP | 0.000005049 | 0.0887 | pay 0.0111% / 1h | 38m 09s | $184K | $866K | 10x |
| Short | Injective PEPE/USDC PERP | 0.000005105 | 0.0973 | get 0.0122% / 1h | 38m 09s | $4K | $102K | 12x |
Nado kPEPE-PERP
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $18.04
- Price spread: +1.114% → +0.561%
- $55.22
- Slippage, 4 orders
- −$97.84
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$31.6
- Costs to cover
- 1.049%
- Break-even
- 19.3 days
Slippage from Nado: live order book, 25 min ago; Injective: live order book, 25 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, 25 min ago | 3.94 bp | 10.9 bp −$11 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Injective live order book, 25 min ago | 10.84 bp | 10.8 bp −$11 | doesn't fit | 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 | 0.000005046 | −0.045% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005032 | −0.326% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005058 | +0.183% | $64K | $136K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005024 | −0.491% | $98.3M | $334.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005035 | −0.273% | $165.0M | $74.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005037 | −0.229% | $25.3M | $62.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005027 | −0.429% | $46.2M | $171.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005050 | +0.015% | $680K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005056 | +0.150% | $27K | $423K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005059 | +0.201% | $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
Bitget PEPEUSDT
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 | 0.000005031 | −0.348% | $574K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005047 | −0.039% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0309% | 8h | 0.000005030 | −0.372% | $45.8M | $581.3M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0316% | 8h | 0.000005035 | −0.265% | $33K | $24K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0424% | 8h | 0.000005043 | −0.114% | $4.3M | $25.1M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0546% | 1h | 0.000005031 | −0.352% | $61K | $114K | 25x | as long as short |
| SoDEX 1000PEPE-USD | +0.0556% | 1h | 0.000005035 | −0.273% | $2K | $12K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0565% | 8h | 0.000005023 | −0.516% | — | $260.8M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0574% / S −0.0885% | 1h | 0.000005000 | −0.966% | $49K | — | 100x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005038 | −0.213% | $836K | $30.9M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0604% | 8h | 0.000005034 | −0.293% | $95.8M | $287.9M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0605% | 8h | 0.000005031 | −0.350% | $141.1M | $1.20B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0608% | 1h | 0.000005038 | −0.210% | $536K | $221K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0608% | 1h | 0.000005036 | −0.253% | $142K | — | 3x | as long as short |
| Phemex u1000PEPEUSDT | +0.0639% | 8h | 0.000005038 | −0.205% | $2.4M | $7.0M | 50x | as long as short |
| Aster 1000PEPEUSDT | +0.0700% | 8h | 0.000005038 | −0.209% | $1.8M | $9.0M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0755% | 8h | 0.000005050 | +0.016% | $6K | — | 20x | as long as short |
| Nado kPEPE-PERPlong | +0.0887% | 1h | 0.000005049 | long leg | $184K | $866K | 10x | |
| Backpack kPEPE_USDC_PERP | +0.0917% | 1h | 0.000005027 | −0.421% | $98K | $618K | 15x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0973% | 1h | 0.000005105 | +1.114% | $4K | $102K | 12x | |
| 01 Exchange kPEPEUSD | +0.0976% | 1h | 0.000005058 | +0.183% | $610 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0992% | 1h | 0.000005065 | +0.321% | $99K | $752K | 25x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1383% | 1h | 0.000005032 | −0.341% | $4.2M | $15.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.1464% | 1h | 0.000005036 | −0.253% | $715K | $8.0M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1798% | 1h | 0.000005054 | +0.103% | $55.6M | $137.3M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
SoDEX 1000PEPE-USD
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Coinbase International 1000PEPE-PERP-INTX
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Phemex u1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE