Funding you earn now, next payment 08:00 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.058%
Price spread now: Nado against BloFin−0.306%7-day average +0.042% · 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−$81as in the Price arb table
costs, in and out, $10k−$460.457% of the position
Funding, last 4 days (all we have)+0.015%+$2 on $10k
+Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.306%, 7d avg +0.042%
=Together, before fees+0.293%+ Points / potential airdropNado: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.349% cheaper against BloFin than usual: you would sell low and buy high (spread −0.306% now, against its 7-day average of +0.042%). If the spread goes back, that is −$35 on $10k: about 4.9 days of funding at the current rate (+$7 a day). At the pace of the last 4 days (+0.015% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.015% in total (about 1.6% 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 | BloFin PEPE-USDT | 0.000005166 | 0.0475 | pay 0.0475% / 8h | 3m 39s | $4.5M | $30.5M | 75x |
| Short | Nado kPEPE-PERP | 0.000005150 | 0.0710 | get 0.0089% / 1h | 3m 39s | $164K | $960K | 10x |
BloFin PEPE-USDT
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against BloFin. 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
- $49.38
- Price spread: −0.306% → +0.042%
- −$34.85
- Slippage, 4 orders
- −$26.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$31.19
- Costs to cover
- 0.457%
- Break-even
- 11.4 days
Slippage from BloFin: live order book, 5 min ago; Nado: live order book, 35 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 BloFin live order book, 5 min ago | 2.90 bp | 13.7 bp −$14 | 16.9 bp −$169 | 36.7 bp −$3,670 | doesn't fit |
| Sell Nado live order book, 35 min ago | 2.91 bp | 11.9 bp −$12 | 27.9 bp −$279 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005136 | −0.581% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005147 | −0.360% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005140 | −0.503% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005138 | −0.546% | $99.2M | $431.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005139 | −0.523% | $162.8M | $99.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005158 | −0.159% | $616K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005167 | +0.016% | $28K | $548K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005163 | −0.068% | $2K | $2.7M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005160 | −0.116% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005160 | −0.108% | $604K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0135% | 8h | 0.000005136 | −0.573% | $27.0M | $74.4M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005148 | −0.355% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0241% | 8h | 0.000005133 | −0.633% | $46.1M | $220.8M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0267% | 1h | 0.000005169 | +0.058% | $150K | $835K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0351% | 8h | 0.000005138 | −0.542% | $47.6M | $747.0M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005160 | −0.116% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0418% | 8h | 0.000005158 | −0.161% | $34K | $26K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0445% | 8h | 0.000005155 | −0.209% | $2.4M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0445% | 8h | 0.000005138 | −0.539% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDTlong | +0.0475% | 8h | 0.000005166 | long leg | $4.5M | $30.5M | 75x | |
| Backpack kPEPE_USDC_PERP | +0.0483% | 1h | 0.000005159 | −0.134% | $78K | $891K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0526% | 1h | 0.000005156 | −0.194% | $74K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005165 | −0.019% | $684K | $40.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0560% | 1h | 0.000005143 | −0.445% | $617K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0676% | 8h | 0.000005137 | −0.565% | — | $175.3M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005122 | −0.852% | $618 | $2K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0700% | 8h | 0.000005142 | −0.471% | $141.7M | $1.50B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0704% | 1h | 0.000005134 | −0.628% | $539K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0704% | 8h | 0.000005135 | −0.608% | $101.4M | $310.0M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0704% | 1h | 0.000005160 | −0.116% | $146K | — | 3x | as long as short |
| Nado kPEPE-PERPshort | +0.0710% | 1h | 0.000005150 | −0.306% | $164K | $960K | 10x | |
| Aster 1000PEPEUSDT | +0.0711% | 8h | 0.000005142 | −0.465% | $1.7M | $12.0M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0712% | 1h | 0.000005156 | −0.195% | $4.8M | $16.7M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0881% | 1h | 0.000005150 | −0.310% | $53.4M | $159.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1020% / S −0.1217% | 1h | 0.000005000 | −3.213% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
BingX 1000PEPE-USDT
01 Exchange kPEPEUSD
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]