Funding you earn now, next payment 04:00 UTC+0.0345%/8h= +37.8% APRnext payment +$0.43 per $10,000 · paid last 24h +0.104%
Price spread now: Kraken Futures against Nado+0.154%7-day average −0.002% · 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−$43as in the Price arb table
costs, in and out, $10k−$580.583% of the position
Funding, last 3 days (all we have)+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.154%, 7d avg −0.002%
=Together, before fees+0.138%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.156% dearer against Nado than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.002%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.086% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 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 | 0.000005128 | 0.0923 | pay 0.0115% / 1h | 21m 11s | $188K | $899K | 10x |
| Short | Kraken Futures PF_PEPEUSD | 0.000005136 | 0.1268 | get 0.0159% / 1h | 21m 11s | $4.6M | $16.0M | 50x |
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $72.46
- Price spread: +0.154% → −0.002%
- $15.6
- Slippage, 4 orders
- −$41.27
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $29.79
- Costs to cover
- 0.583%
- Break-even
- 4.1 days
Slippage from Nado: live order book, 37 min ago; Kraken Futures: live order book, 3 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, 37 min ago | 4.94 bp | 12.6 bp −$13 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 11.07 bp | 16.9 bp −$17 | 19.8 bp −$198 | 86.4 bp −$8,636 | 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 | 0.000005131 | +0.047% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005128 | +0.004% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005136 | +0.154% | $65K | $144K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005126 | −0.041% | $99.4M | $358.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005129 | +0.018% | $167.0M | $81.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005135 | +0.140% | $26.0M | $65.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005200 | +1.393% | $761K | $4.8M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005152 | +0.461% | $42K | $463K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005140 | +0.226% | $1K | $2.5M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005128 | −0.010% | $583K | $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 | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005132 | +0.069% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0205% | 8h | 0.000005132 | +0.080% | $47.4M | $179.7M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005173 | +0.876% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0352% | 8h | 0.000005131 | +0.059% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0382% | 8h | 0.000005133 | +0.096% | $48.3M | $625.0M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0502% | 8h | 0.000005143 | +0.291% | $4.4M | $26.4M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0605% | 8h | 0.000005135 | +0.125% | $2.6M | $7.3M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005139 | +0.213% | $967K | $33.8M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0697% | 8h | 0.000005132 | +0.068% | — | $2.3M | — | as long as short |
| MEXC PEPE_USDT | +0.0742% | 8h | 0.000005130 | +0.041% | $98.2M | $291.1M | 300x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0742% | 1h | 0.000005185 | +1.110% | $103K | $744K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0744% | 8h | 0.000005132 | +0.070% | $146.7M | $1.26B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0744% | 1h | 0.000005134 | +0.107% | $544K | $226K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0744% | 1h | 0.000005132 | +0.076% | $145K | — | 3x | as long as short |
| SoDEX 1000PEPE-USD | +0.0770% | 1h | 0.000005137 | +0.174% | $2K | $10K | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0783% / S −0.1566% | 1h | 0.000005000 | −2.498% | $62K | — | 100x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0796% | 8h | 0.000005130 | +0.045% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0840% | 1h | 0.000005139 | +0.213% | $591K | $8.3M | 10x | as long as short |
| Aster 1000PEPEUSDT | +0.0844% | 8h | 0.000005128 | +0.006% | $1.8M | $9.6M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0920% | 1h | 0.000005132 | +0.076% | $73K | $125K | 25x | as long as short |
| Nado kPEPE-PERPlong | +0.0923% | 1h | 0.000005128 | long leg | $188K | $899K | 10x | |
| 01 Exchange kPEPEUSD | +0.1120% | 1h | 0.000005133 | +0.096% | $619 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1158% | 1h | 0.000005135 | +0.131% | $94K | $666K | 15x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.1268% | 1h | 0.000005136 | +0.154% | $4.6M | $16.0M | 50x | |
| Hyperliquid kPEPE | +0.1577% | 1h | 0.000005138 | +0.193% | $55.4M | $142.1M | 10x | as long as short |
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
MEXC PEPE_USDT
ApeX Omni 1000PEPEUSDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
SoDEX 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE