Funding you earn now, next payment 06:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.114%
Price spread now: Nado against Kraken Futures+0.288%7-day average +0.029% · 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−$23as in the Price arb table
costs, in and out, $10k−$490.489% of the position
Funding, last 3 days (all we have)−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)−0.377%−$38 · spread now +0.288%, 7d avg +0.029%
=Together, before fees−0.475%+ Points / potential airdropNado: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.258% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.288% now, against its 7-day average of +0.029%): +$26 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PEPEUSD | 0.000005038 | 0.0848 | pay 0.0106% / 1h | 44m 25s | $4.6M | $16.7M | 50x |
| Short | Nado kPEPE-PERP | 0.000005053 | 0.0766 | get 0.0096% / 1h | 44m 25s | $167K | $942K | 10x |
Kraken Futures PF_PEPEUSD
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Kraken Futures. 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
- −$17.04
- Price spread: +0.288% → +0.029%
- $25.84
- Slippage, 4 orders
- −$31.9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$40.1
- Costs to cover
- 0.489%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Nado: live order book, 4 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 Kraken Futures live order book, 5 min ago | 5.18 bp | 16.2 bp −$16 | 24.8 bp −$248 | 67.8 bp −$6,785 | doesn't fit |
| Sell Nado live order book, 4 min ago | 1.99 bp | 10.9 bp −$11 | 29.8 bp −$298 | 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 | 0.000005039 | +0.004% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000005041 | +0.045% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005043 | +0.091% | $59K | $176K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005040 | +0.031% | $99.2M | $400.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005050 | +0.230% | $163.4M | $93.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005054 | +0.301% | $25.3M | $70.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005051 | +0.242% | $595K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005030 | −0.164% | $28K | $538K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005046 | +0.144% | $2K | $2.6M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005049 | +0.216% | $567K | $4.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005057 | +0.364% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0259% | 1h | 0.000005040 | +0.031% | $2K | $10K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0344% | 8h | 0.000005045 | +0.126% | $45.5M | $209.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0411% | 8h | 0.000005043 | +0.083% | $33K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0419% | 8h | 0.000005043 | +0.091% | $46.8M | $683.6M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0537% | 8h | 0.000005042 | +0.071% | $4.5M | $28.0M | 75x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0544% | 1h | 0.000005042 | +0.071% | $72K | $127K | 25x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0552% | 8h | 0.000005048 | +0.181% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0649% | 8h | 0.000005033 | −0.116% | $2.4M | $7.8M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005048 | +0.190% | $609 | $3K | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0680% | 1h | 0.000005056 | +0.349% | $629K | $37.0M | 50x | as long as short |
| Lighter 1000PEPE | +0.0696% | 1h | 0.000005049 | +0.210% | $601K | $9.0M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0707% | 1h | 0.000005037 | −0.032% | $73K | $829K | 15x | as long as short |
| Nado kPEPE-PERPshort | +0.0766% | 1h | 0.000005053 | +0.288% | $167K | $942K | 10x | |
| BingX 1000PEPE-USDT | +0.0769% | 8h | 0.000005044 | +0.111% | — | $238.4M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005044 | +0.111% | $143K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0807% | 8h | 0.000005060 | +0.420% | $98.4M | $299.4M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005043 | +0.092% | $533K | $277K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0811% | 8h | 0.000005045 | +0.122% | $142.5M | $1.40B | 75x | as long as short |
| Kraken Futures PF_PEPEUSDlong | +0.0848% | 1h | 0.000005038 | long leg | $4.6M | $16.7M | 50x | |
| Aster 1000PEPEUSDT | +0.0874% | 8h | 0.000005047 | +0.169% | $1.8M | $11.0M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0935% | 1h | 0.000005027 | −0.227% | $154K | $813K | 25x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1070% / S −0.1988% | 1h | 0.000005000 | −0.763% | $64K | — | 100x | as long as short |
| Hyperliquid kPEPE | +0.1148% | 1h | 0.000005060 | +0.428% | $53.7M | $150.8M | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.1379% | 1h | 0.000005034 | −0.088% | $3K | $111K | 12x | as long as short |
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Deribit 1000PEPE_USDC-PERPETUAL
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
01 Exchange kPEPEUSD
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
BingX 1000PEPE-USDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
Hyperliquid kPEPE
Injective PEPE/USDC PERP