Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0054%/8h= −6.0% APRpaid last 24h −0.043%

Price spread now: MEXC against Nado+0.065%7-day average +0.031% · 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−$21as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.065%, 7d avg +0.031%

Together, before fees−0.117%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.035% dearer against Nado than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.031%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kPEPE-PERP	0.000005326	0.0848	pay 0.0106% / 1h	51m 21s	$189K	$913K	10x
Short	MEXC PEPE_USDT	0.000005330	0.0794	get 0.0794% / 8h	3h 51m	$104.2M	$291.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee MEXCbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$11.43
Price spread: +0.065% → +0.031%: $3.46
Slippage, 4 orders: −$17.45
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$32.43
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; MEXC: 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, 2 min ago	3.76 bp	14.0 bp −$14	31.7 bp −$317	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.09 bp	1.4 bp −$1	24.3 bp −$243	50.1 bp −$5,015	78.9 bp −$39.5K

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	0.000005321	−0.093%	$20K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0007%	1h	0.000005333	+0.133%	$4K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005258	−1.277%	$3K	$110K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005330	+0.075%	$70K	$152K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005343	+0.326%	$104.4M	$369.0M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005323	−0.057%	$175.6M	$85.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005324	−0.040%	$26.9M	$67.2M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005279	−0.891%	$747K	$5.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005303	−0.429%	$38K	$492K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005339	+0.247%	$2K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005345	+0.356%	$618K	$3.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005325	−0.019%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0249%	8h	0.000005324	−0.042%	$49.2M	$184.0M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0375%	8h	0.000005350	+0.448%	$36K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0411%	8h	0.000005348	+0.413%	$52.1M	$674.9M	50x	as long as short
BloFin PEPE-USDT	+0.0527%	8h	0.000005323	−0.057%	$4.6M	$27.9M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0609%	8h	0.000005336	+0.185%	$2.6M	$7.4M	50x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005343	+0.319%	$757K	$36.2M	50x	as long as short
BingX 1000PEPE-USDC	+0.0742%	8h	0.000005340	+0.257%	—	$2.3M	—	as long as short
Aevo 1000PEPE-PERP	+0.0792%	1h	0.000005351	+0.469%	$151K	—	3x	as long as short
MEXC PEPE_USDTshort	+0.0794%	8h	0.000005330	+0.065%	$104.2M	$291.9M	300x
Paradex kPEPE-USD-PERP	+0.0798%	8h	0.000005332	+0.111%	$6K	—	20x	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005346	+0.380%	$566K	$226K	25x	as long as short
Binance 1000PEPEUSDT	+0.0800%	8h	0.000005335	+0.168%	$155.6M	$1.30B	75x	as long as short
Nado kPEPE-PERPlong	+0.0848%	1h	0.000005326	long leg	$189K	$913K	10x
Deribit 1000PEPE_USDC-PERPETUAL	+0.0875%	1h	0.000005340	+0.262%	$76K	$126K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0880% / S −0.1714%	1h	0.000005000	−6.121%	$66K	—	100x	as long as short
SoDEX 1000PEPE-USD	+0.0894%	1h	0.000005338	+0.225%	$2K	$10K	10x	as long as short
Aster 1000PEPEUSDT	+0.0933%	8h	0.000005334	+0.152%	$1.9M	$9.9M	50x	as long as short
Lighter 1000PEPE	+0.0992%	1h	0.000005339	+0.244%	$666K	$8.5M	10x	as long as short
01 Exchange kPEPEUSD	+0.1344%	1h	0.000005332	+0.112%	$643	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1482%	1h	0.000005345	+0.356%	$74K	$721K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1530%	1h	0.000005336	+0.191%	$4.9M	$16.2M	50x	as long as short
Hyperliquid kPEPE	+0.1712%	1h	0.000005330	+0.075%	$58.2M	$144.0M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.2018%	1h	0.000005320	−0.113%	$176K	$798K	25x	as long as short