PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0132%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h −0.004%

Price spread now: Nado against Aevo−0.114%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$2,136as in the Price arb table

costs, in and out, $10k−$2,12521.252% of the position

Long on Aevo Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.114%, 7d avg −0.005%

Together, before fees+0.012%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.109% cheaper against Aevo than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of −0.005%). If the spread goes back, that is −$11 on $10k: about 2.7 days of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.009% in total) that is about 41 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000005046	0.0520	pay 0.0065% / 1h	18m 56s	$143K	—	3x
Short	Nado kPEPE-PERP	0.000005040	0.0652	get 0.0081% / 1h	18m 56s	$180K	$881K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aevo. 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 AevobpFee NadobpOrdersPrice spread, now −0.114%Rate

Funding earned: $27.69
Price spread: −0.114% → −0.005%: −$10.86
Slippage, 4 orders: −$2,102.21
Fee Aevo: 8 bp × 2 orders: −$16
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$2,108.38
Costs to cover: 21.252%
Break-even: 539.9 days

Slippage from Aevo: live order book, 50 min ago; Nado: live order book, 49 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 Aevo live order book, 50 min ago	440.51 bp	1030.3 bp −$1,030	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 49 min ago	1.97 bp	19.0 bp −$19	48.0 bp −$480	doesn't fit	doesn't fit

PEPE on 34 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	0.000005030	−0.315%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005030	−0.317%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005039	−0.139%	$61K	$126K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005046	−0.006%	$97.8M	$324.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005047	+0.020%	$161.7M	$71.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005048	+0.046%	$25.4M	$60.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005053	+0.131%	$45.8M	$162.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005056	+0.190%	$624K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005059	+0.265%	$27K	$421K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005055	+0.172%	$1K	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005040	−0.127%	$565K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005038	−0.150%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0239%	8h	0.000005053	+0.139%	$45.0M	$569.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0280%	8h	0.000005049	+0.063%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0301%	1h	0.000005059	+0.258%	$106K	$746K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005051	+0.099%	$746K	$29.8M	50x	as long as short
Phemex u1000PEPEUSDT	+0.0492%	8h	0.000005044	−0.048%	$2.4M	$7.0M	50x	as long as short
BingX 1000PEPE-USDC	+0.0497%	8h	0.000005046	+0.004%	—	$2.3M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0515% / S −0.0543%	1h	0.000005000	−0.912%	$56K	—	100x	as long as short
Extended 1000PEPE-USD	+0.0520%	1h	0.000005049	+0.053%	$554K	$199K	25x	as long as short
Aevo 1000PEPE-PERPlong	+0.0520%	1h	0.000005046	long leg	$143K	—	3x
MEXC PEPE_USDT	+0.0523%	8h	0.000005053	+0.141%	$94.5M	$291.1M	300x	as long as short
Binance 1000PEPEUSDT	+0.0524%	8h	0.000005052	+0.120%	$142.3M	$1.17B	75x	as long as short
SoDEX 1000PEPE-USD	+0.0551%	1h	0.000005046	0.000%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0575%	8h	0.000005031	−0.299%	$6K	$16	20x	as long as short
Aster 1000PEPEUSDT	+0.0617%	8h	0.000005052	+0.127%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERPshort	+0.0652%	1h	0.000005040	−0.114%	$180K	$881K	10x
Kraken Futures PF_PEPEUSD	+0.0825%	1h	0.000005046	−0.002%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+1.031%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0919%	1h	0.000005048	+0.044%	$99K	$618K	15x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0940%	1h	0.000005046	0.000%	$61K	$114K	25x	as long as short
01 Exchange kPEPEUSD	+0.0952%	1h	0.000005040	−0.119%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1632%	1h	0.000005055	+0.178%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2158%	1h	0.000005055	+0.178%	$55.7M	$136.0M	10x	as long as short