Funding you earn now, next payment 01:00 UTC+0.0452%/8h= +49.5% APRpaid last 24h +0.044%
Price spread now: Nado against Phemex+0.089%7-day average −0.042% · 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−$60as in the Price arb table
costs, in and out, $10k−$730.726% of the position
Funding, last 3 days (all we have)+0.055%+$5 on $10k
+Price spread, last 3 days (all we have)−0.151%−$15 · spread now +0.089%, 7d avg −0.042%
=Together, before fees−0.096%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Nado is 0.131% dearer against Phemex than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.042%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.055% in total (about 6.2% a year). A funding rate is set anew for every payment. 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 | Phemex u1000PEPEUSDT | 0.000005083 | 0.0100 | pay 0.0100% / 8h | 7h 07m | $2.4M | $6.8M | 50x |
| Short | Nado kPEPE-PERP | 0.000005087 | 0.0552 | get 0.0069% / 1h | 7m 07s | $190K | $862K | 10x |
Phemex u1000PEPEUSDT
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phemex. 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
- $94.99
- Price spread: +0.089% → −0.042%
- $13.11
- Slippage, 4 orders
- −$53.64
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $35.47
- Costs to cover
- 0.726%
- Break-even
- 4.4 days
Slippage from Phemex: live order book, 2 min ago; Nado: live order book, 1 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 Phemex live order book, 2 min ago | 4.94 bp | 18.9 bp −$19 | 51.9 bp −$519 | doesn't fit | doesn't fit |
| Sell Nado live order book, 1 min ago | 1.97 bp | 19.0 bp −$19 | 48.0 bp −$480 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0115% | 1h | 0.000005092 | +0.187% | $4.0M | $14.3M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005082 | −0.017% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005084 | +0.028% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005089 | +0.128% | $60K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005080 | −0.045% | $95.7M | $310.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005099 | +0.325% | $164.0M | $69.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005099 | +0.325% | $25.9M | $57.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005101 | +0.372% | $45.4M | $155.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005026 | −1.118% | $588K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005071 | −0.234% | $53K | $379K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005102 | +0.388% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005092 | +0.187% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005087 | +0.089% | $570K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDTlong | +0.0100% | 8h | 0.000005083 | long leg | $2.4M | $6.8M | 50x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005083 | +0.009% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0192% | 8h | 0.000005082 | −0.010% | $45.3M | $550.2M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0273% | 8h | 0.000005090 | +0.153% | $31K | $18K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0294% | 8h | 0.000005086 | +0.059% | $6K | $16 | 20x | as long as short |
| BloFin PEPE-USDT | +0.0313% | 8h | 0.000005107 | +0.482% | $4.2M | $24.7M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0340% | 1h | 0.000005091 | +0.167% | $62K | $114K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0348% | 1h | 0.000005084 | +0.030% | $111K | $753K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000005103 | +0.403% | $609K | $28.5M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0459% | 8h | 0.000005099 | +0.321% | — | $257.6M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0472% | 1h | 0.000005087 | +0.089% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0476% | 8h | 0.000005102 | +0.392% | $100.8M | $291.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0477% | 8h | 0.000005096 | +0.269% | $140.9M | $1.13B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0480% | 1h | 0.000005092 | +0.186% | $558K | $199K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0499% / S −0.0845% | 1h | 0.000005000 | −1.623% | $48K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0537% | 8h | 0.000005090 | +0.151% | $1.5M | $7.8M | 50x | as long as short |
| Nado kPEPE-PERPshort | +0.0552% | 1h | 0.000005087 | +0.089% | $190K | $862K | 10x | |
| Lighter 1000PEPE | +0.0592% | 1h | 0.000005100 | +0.344% | $670K | $6.9M | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005093 | +0.207% | $4K | $102K | 12x | as long as short |
| 01 Exchange kPEPEUSD | +0.0648% | 1h | 0.000005090 | +0.148% | $1K | $2K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0650% | 1h | 0.000005101 | +0.358% | $96K | $601K | 15x | as long as short |
| Hyperliquid kPEPE | +0.2208% | 1h | 0.000005125 | +0.836% | $57.0M | $132.6M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Lighter 1000PEPE
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Hyperliquid kPEPE