PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0715%/8h= +78.3% APRnext payment +$0.89 per $10,000 · paid last 24h +0.033%

Price spread now: Nado against Pacifica+0.183%7-day average −0.007% · 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−$29as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on Pacifica Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.043%+$4 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.183%, 7d avg −0.007%

Together, before fees−0.084%+ Points / potential airdropPacifica: Active · Nado: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Nado is 0.190% dearer against Pacifica than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.007%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.043% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.89 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	Pacifica kPEPE	0.000004803	0.0100	pay 0.0013% / 1h	55m 16s	$59K	$114K	10x
Short	Nado kPEPE-PERP	0.000004812	0.0815	get 0.0102% / 1h	55m 16s	$184K	$845K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Pacifica. 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 PacificabpFee NadobpOrdersPrice spread, now +0.183%Rate

Funding earned: $150.16
Price spread: +0.183% → −0.007%: $19.03
Slippage, 4 orders: −$33.19
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $121.01
Costs to cover: 0.482%
Break-even: 1.4 days

Slippage from Pacifica: live order book, 22 min ago; Nado: live order book, 23 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 Pacifica live order book, 22 min ago	5.23 bp	11.2 bp −$11	19.3 bp −$193	doesn't fit	doesn't fit
Sell Nado live order book, 23 min ago	3.13 bp	12.6 bp −$13	33.4 bp −$334	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
Hyperliquid kPEPE	−0.0125%	1h	0.000004800	−0.062%	$65.7M	$86.7M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004800	−0.058%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004803	+0.004%	$14K	—	150x	as long as short
Kraken Futures PF_PEPEUSD	+0.0066%	1h	0.000004803	−0.010%	$3.9M	$13.4M	50x	as long as short
Pacifica kPEPElong	+0.0100%	1h	0.000004803	long leg	$59K	$114K	10x
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004805	+0.044%	$86.8M	$286.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004804	+0.021%	$150.9M	$63.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004807	+0.083%	$24.7M	$54.2M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004804	+0.027%	$42.4M	$149.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004798	−0.107%	$596K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004805	+0.045%	$28K	$344K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004810	+0.137%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004804	+0.021%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004807	+0.079%	$544K	$3.5M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004806	+0.063%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0221%	8h	0.000004805	+0.042%	$41.5M	$496.4M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0228%	8h	0.000004806	+0.063%	$5K	$16	20x	as long as short
01 Exchange kPEPEUSD	+0.0248%	1h	0.000004810	+0.146%	$551	$2K	10x	as long as short
Phemex u1000PEPEUSDT	+0.0279%	8h	0.000004809	+0.119%	$2.3M	$6.4M	50x	as long as short
BloFin PEPE-USDT	+0.0340%	8h	0.000004808	+0.104%	$3.9M	$22.3M	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0348% / S −0.0383%	1h	0.000004000	−16.719%	$42K	—	100x	as long as short
Lighter 1000PEPE	+0.0392%	1h	0.000004803	0.000%	$657K	$6.2M	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004811	+0.167%	$568K	$25.7M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004803	0.000%	$4K	$102K	12x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0441%	8h	0.000004805	+0.033%	$30K	$12K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0537%	1h	0.000004800	−0.067%	$91K	$617K	15x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0598%	1h	0.000004805	+0.042%	$100K	$761K	25x	as long as short
BingX 1000PEPE-USDT	+0.0683%	8h	0.000004807	+0.075%	—	$256.5M	—	as long as short
Extended 1000PEPE-USD	+0.0712%	1h	0.000004804	+0.012%	$529K	$148K	25x	as long as short
MEXC PEPE_USDT	+0.0712%	8h	0.000004809	+0.125%	$93.2M	$278.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0712%	8h	0.000004809	+0.119%	$132.0M	$1.05B	75x	as long as short
Aster 1000PEPEUSDT	+0.0716%	8h	0.000004808	+0.094%	$1.5M	$7.2M	50x	as long as short
Aevo 1000PEPE-PERP	+0.0720%	1h	0.000004809	+0.125%	$136K	—	3x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0792%	1h	0.000004805	+0.042%	$81K	$94K	25x	as long as short
Nado kPEPE-PERPshort	+0.0815%	1h	0.000004812	+0.183%	$184K	$845K	10x