Funding you earn now, next payment 09:00 UTC−0.0166%/8h= −18.2% APRpaid last 24h −0.055%
Price spread now: Orderly against Nado−0.174%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 0.174% cheaper against Nado than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | 0.000005005 | 0.0603 | pay 0.0075% / 1h | 11m 28s | $153K | $950K | 10x |
| Short | Orderly PERP_1000PEPE_USDC | 0.000004996 | 0.0437 | get 0.0437% / 8h | 7h 11m | $32K | $30K | 20x |
Nado kPEPE-PERP
Orderly PERP_1000PEPE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$34.82
- Price spread: −0.174% → 0.000%
- −$17.38
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$65.2
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 22 min ago; Orderly: no order-book sample. Net counts fees only.
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, 22 min ago | 0.99 bp | 9.6 bp −$10 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005000 | −0.092% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005008 | +0.068% | $57K | $195K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005001 | −0.072% | $97.0M | $447.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005004 | −0.012% | $160.0M | $103.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005037 | +0.643% | $664K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005032 | +0.555% | $28K | $568K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005010 | +0.108% | $1K | $2.7M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005004 | −0.012% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004992 | −0.256% | $582K | $4.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0146% | 8h | 0.000005008 | +0.074% | $25.6M | $75.9M | 75x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005025 | +0.408% | $6K | $121K | 12x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0149% | 1h | 0.000005005 | +0.008% | $147K | $845K | 25x | as long as short |
| Bitget PEPEUSDT | +0.0160% | 8h | 0.000005003 | −0.036% | $44.7M | $226.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005002 | −0.048% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0307% | 8h | 0.000005001 | −0.072% | $45.9M | $743.2M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0332% | 1h | 0.000005004 | −0.012% | $51.6M | $161.8M | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0335% | 8h | 0.000005007 | +0.040% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0350% | 1h | 0.000004999 | −0.112% | $67K | $129K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0364% | 1h | 0.000005003 | −0.024% | $67K | $957K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0387% | 8h | 0.000005011 | +0.128% | $2.3M | $8.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.0400% | 1h | 0.000005011 | +0.128% | $593K | $9.1M | 10x | as long as short |
| BloFin PEPE-USDT | +0.0430% | 8h | 0.000004999 | −0.112% | $4.3M | $30.1M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDCshort | +0.0437% | 8h | 0.000004996 | −0.174% | $32K | $30K | 20x | |
| 01 Exchange kPEPEUSD | +0.0464% | 1h | 0.000004999 | −0.112% | $603 | $2K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005007 | +0.048% | $683K | $39.8M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0597% | 8h | 0.000005003 | −0.032% | — | $179.6M | — | as long as short |
| Nado kPEPE-PERPlong | +0.0603% | 1h | 0.000005005 | long leg | $153K | $950K | 10x | |
| Binance 1000PEPEUSDT | +0.0605% | 8h | 0.000005002 | −0.046% | $133.0M | $1.55B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0608% | 1h | 0.000005003 | −0.041% | $525K | $286K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0612% | 8h | 0.000005010 | +0.108% | $99.7M | $312.8M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0616% | 1h | 0.000004996 | −0.172% | $141K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0628% | 8h | 0.000005002 | −0.060% | $1.7M | $12.2M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0634% | 1h | 0.000005004 | −0.011% | $4.6M | $17.1M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0971% / S −0.1091% | 1h | 0.000004000 | −20.074% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.4204% | 1h | 0.000005002 | −0.058% | $25K | $12K | 10x | as long as short |
Injective PEPE/USDC PERP
ApeX Omni 1000PEPEUSDT
Bitget PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Hyperliquid kPEPE
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
Lighter 1000PEPE
BloFin PEPE-USDT
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD