Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.009%
Price spread now: Nado against Coinbase International−0.278%45s7-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—prices read too far apart to compare
costs, in and out, $10k−$440.442% of the position
Funding, last 3 days (all we have)+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.311%+$31 · spread now −0.278%, 7d avg +0.005%
=Together, before fees+0.324%+ Points / potential airdropNado: Active · farm board+$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.283% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.278% now, against its 7-day average of +0.005%). If the spread goes back, that is −$28 on $10k: about 6.9 days of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.013% in total) that is about 3 months. The two prices were read 45 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 | Coinbase International 1000PEPE-PERP-INTX | 0.000005098 | 0.0624 | pay 0.0078% / 1h | 23m 20s | $684K | $38.5M | 50x |
| Short | Nado kPEPE-PERP | 0.000005084 | 0.0760 | get 0.0095% / 1h | 23m 20s | $163K | $959K | 10x |
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Coinbase International. 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
- $28.51
- Price spread: −0.278% → +0.005%
- −$28.28
- Slippage, 4 orders
- −$27.18
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$43.95
- Costs to cover
- 0.442%
- Break-even
- 17.8 days
Slippage from Coinbase International: live order book, 6 min ago; Nado: live order book, 20 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 Coinbase International live order book, 6 min ago | 4.91 bp | 12.8 bp −$13 | 19.6 bp −$196 | 50.6 bp −$5,058 | doesn't fit |
| Sell Nado live order book, 20 min ago | 2.90 bp | 9.9 bp −$10 | 27.5 bp −$275 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005093 | −0.098% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005082 | −0.322% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005100 | +0.039% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005087 | −0.216% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005083 | −0.286% | $99.1M | $419.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005081 | −0.333% | $161.8M | $97.3M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005083 | −0.300% | $25.9M | $72.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005105 | +0.130% | $598K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005090 | −0.151% | $28K | $541K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005087 | −0.208% | $2K | $2.7M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005098 | +0.008% | $591K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005081 | −0.333% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0189% | 1h | 0.000005094 | −0.078% | $2K | $11K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0287% | 8h | 0.000005085 | −0.255% | $45.4M | $215.7M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0315% | 1h | 0.000005091 | −0.137% | $154K | $822K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0339% | 1h | 0.000005098 | 0.000% | $73K | $127K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0393% | 8h | 0.000005084 | −0.273% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0404% | 8h | 0.000005085 | −0.255% | $47.0M | $722.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0423% | 1h | 0.000005093 | −0.102% | $73K | $860K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0458% | 1h | 0.000005092 | −0.114% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0503% | 8h | 0.000005088 | −0.203% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0530% | 8h | 0.000005101 | +0.059% | $4.5M | $29.4M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0584% | 8h | 0.000005093 | −0.100% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0624% | 1h | 0.000005098 | long leg | $684K | $38.5M | 50x | |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005090 | −0.157% | $606K | $9.1M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000005082 | −0.314% | $812 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0728% | 8h | 0.000005084 | −0.271% | — | $217.8M | — | as long as short |
| Nado kPEPE-PERPshort | +0.0760% | 1h | 0.000005084 | −0.278% | $163K | $959K | 10x | |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000005088 | −0.195% | $1.7M | $11.8M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005084 | −0.279% | $538K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0768% | 8h | 0.000005081 | −0.328% | $98.5M | $305.3M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005084 | −0.275% | $144K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0768% | 8h | 0.000005085 | −0.263% | $140.0M | $1.47B | 75x | as long as short |
| Hyperliquid kPEPE | +0.0932% | 1h | 0.000005086 | −0.235% | $52.6M | $156.4M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2257% | 1h | 0.000005000 | −1.922% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
BingX 1000PEPE-USDT
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]