Funding you earn now, next payment 01:00 UTC+0.0498%/8h= +54.5% APRpaid last 24h +0.047%
Price spread now: Nado against edgeX−1.758%62s7-day average +0.022% · 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−$450.448% of the position
Funding, last 3 days (all we have)+0.054%+$5 on $10k
+Price spread, last 3 days (all we have)+1.715%+$172 · spread now −1.758%, 7d avg +0.022%
=Together, before fees+1.769%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$177 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 1.780% cheaper against edgeX than usual: you would sell low and buy high (spread −1.758% now, against its 7-day average of +0.022%). If the spread goes back, that is −$178 on $10k: about 12 days of funding at the current rate (+$15 a day). At the pace of the last 3 days (+0.054% in total) that is about 4 months. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.054% in total (about 6.0% 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 | edgeX 1000PEPEUSDC | 0.000005083 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $46K | $386K | 20x |
| Short | Nado kPEPE-PERP | 0.000004994 | 0.0598 | get 0.0075% / 1h | 1m 56s | $184K | $867K | 10x |
edgeX 1000PEPEUSDC
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against edgeX. 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
- $104.6
- Price spread: −1.758% → +0.022%
- −$178.02
- Slippage, 4 orders
- −$28.77
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$118.18
- Costs to cover
- 0.448%
- Break-even
- 14.9 days
Slippage from edgeX: live order book, 6 min ago; Nado: live order book, 6 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 edgeX live order book, 6 min ago | 1.38 bp | 6.0 bp −$6 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Nado live order book, 6 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 | −0.0117% | 1h | 0.000004984 | −1.950% | $3.9M | $14.3M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005002 | −1.605% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0009% | 1h | 0.000004996 | −1.718% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005002 | −1.598% | $59K | $120K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004978 | −2.072% | $95.0M | $312.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004987 | −1.893% | $159.9M | $69.6M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004983 | −1.970% | $25.2M | $58.0M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004984 | −1.958% | $44.2M | $156.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005053 | −0.603% | $591K | $4.4M | — | as long as short |
| edgeX 1000PEPEUSDClong | +0.0100% | 4h | 0.000005083 | long leg | $46K | $386K | 20x |
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 1000PEPEShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004990 | −1.832% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004987 | −1.893% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004998 | −1.679% | $559K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004991 | −1.807% | $2.4M | $6.8M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0188% | 8h | 0.000004985 | −1.933% | $44.1M | $543.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004998 | −1.678% | $8K | — | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0235% | 1h | 0.000005063 | −0.398% | $111K | $752K | 25x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0269% | 8h | 0.000005001 | −1.626% | $32K | $22K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0307% | 8h | 0.000004990 | −1.838% | $6K | $16 | 20x | as long as short |
| BloFin PEPE-USDT | +0.0313% | 8h | 0.000005013 | −1.382% | $4.1M | $24.4M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0351% | 1h | 0.000004990 | −1.834% | $61K | $114K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004991 | −1.815% | $626K | $27.9M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0459% | 8h | 0.000004995 | −1.730% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0472% | 1h | 0.000004985 | −1.937% | $549K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0472% | 1h | 0.000004998 | −1.677% | $141K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0473% | 8h | 0.000004979 | −2.046% | $137.0M | $1.14B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0475% | 8h | 0.000004986 | −1.907% | $95.9M | $293.6M | 300x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0500% / S −0.0406% | 1h | 0.000004000 | −21.310% | $62K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0530% | 8h | 0.000004992 | −1.799% | $1.7M | $7.8M | 50x | as long as short |
| Nado kPEPE-PERPshort | +0.0598% | 1h | 0.000004994 | −1.758% | $184K | $867K | 10x | |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000005069 | −0.280% | $4K | $102K | 12x | as long as short |
| Lighter 1000PEPE | +0.0656% | 1h | 0.000004995 | −1.736% | $647K | $6.9M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0661% | 1h | 0.000004985 | −1.938% | $96K | $607K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.0672% | 1h | 0.000004996 | −1.716% | $1K | $2K | 10x | as long as short |
| Hyperliquid kPEPE | +0.2299% | 1h | 0.000005004 | −1.559% | $55.5M | $133.3M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
ApeX Omni 1000PEPEUSDT
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Injective PEPE/USDC PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Hyperliquid kPEPE